GLOBAL OILSEED MARKET (SEED FOR SOWING) - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

 A CAGR of 4.14% is predicted for the global oilseed market (seed for sowing). Because hybrid seeds are more tolerant of drought, have a wider range of adaptability to various regions and weather conditions, and can be used to grow high-quality oil crops, hybrid seeds had a larger market share in 2022 than open-pollinated seed varieties.

Due to the European Union's restriction on transgenic crops and rising public awareness of the advantages of eating non-GMO food, the non-transgenic hybrid oilseed market share was about 47.8% of the hybrid oilseed market globally in 2022.

Between 2022 and 2028, soybean is anticipated to hold the highest position in the hybrid market since the crop offers growers a better return due to increased oil prices. The soybean crop has a high oil content, and transgenic oil crops are not grown in Europe or Africa.
Due to changes in government policies in the Asia-Pacific area, the region is anticipated to expand the quickest in terms of the usage of herbicide-tolerant characteristics during the projected period, achieving a CAGR of 5.6%. For instance, China modified its policy in 2021 and encouraged the use of more transgenic seeds for agricultural purposes in the nation.

In terms of value, oilseed crops made up 18.6% of the global seed market in 2021, and that share is predicted to rise to 31% in 2028. 
North America produced the most oilseeds in 2022. About 35.5% of the value of the global oilseeds market is accounted for by the regions. Due to being the top exporter, the availability of high-yield seed varieties, and the rise in worldwide demand, the United States is the largest country in the region, accounting for around 33% of the sales of oilseeds globally.
The world's second-largest producer of oilseeds is China. In the corresponding market, oilseeds will hold a 59.7% share in 2022.Canola, rapeseed, and mustard crops make up the majority of the market for oil seeds in China, accounting for 44% of the total market value in 2021.​

Major Players: BASF SE, Bayer AG, Corteva Agriscience, KWS SAAT SE & Co. KGaA and Syngenta Group

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