Global organic seeds market is presumed to witness strong growth owing to increasing demand over the forecast period. Growing health awareness is presumed to a play key role in aiding the global market in the near future. Chemical fertilizers and insecticides used during farming negatively impact health upon consumption. Growing awareness regarding these hazardous health impacts is another key factor presumed to aid the market.
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Favorable regulatory framework is projected to play an important role and positively impact the global industry over the forecast period. Governments and agencies related to agriculture are taking several initiatives to encourage this form of agriculture. Initiatives such as the Global Organic Market Access project started by Food & Agriculture Organization of the United Nations (FAO), International Federation of Organic Agriculture Movements (IFOAM) and United Nations Conference on Trade And Development (UNCTAD) are presumed to critically impact the global organic seeds market.
This project aims to facilitate cooperation across multiple guarantee systems. Initiatives such as Organic Research Centers Alliance (ORCA) hosted by FAO are expected to strengthen current research organizations and support them to carry out inter-disciplinary research. Environmental concerns regarding chemical usage during agriculture is a key factor prompting industry participants and consumers alike to gravitate towards such agriculture. These trends are expected to positively impact the global organic seeds market.
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Though such farming has witnessed superior growth over the recent past, its agricultural acreage currently accounts for only about one percent of the total agricultural acreage. Low market penetration, particularly in the developing regions is anticipated to negatively affect the regional as well the global market. High product cost is expected to hamper market growth over the forecast period.
Rapid technological advancements and shifting consumer preference for organic food and beverages promise ample opportunities for industry participants. Growing disposable income and increasing health awareness particularly in the developing regions are expected to provide abundant growth opportunities for industry participants. Growing distribution network facilitating organic food and beverage availability is another key factor estimated to aid the global industry.
Organic seeds can be segregated into categories such as vegetables fruits & nuts, field crops and other vegetation. Forage, pasture and grazing lands together constitute other vegetation.
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