Global Seed Industry Outlook to 2016
The Global Horticulture Industry released a report titled Global Seed Industry Outlook to 2016-Rapid Emergence of Genetically Modified Seeds. The report provides comprehensive analysis on the size of the seed market, grain seeds, horticulture seeds, oil seeds, vegetable seeds and fruit seed segments.
According to the report, the global seed market has grown at a compound annual growth rate of 5.6% from 2005-2011. This growth is attributed to the rising population and inflating prices of agricultural commodities. In addition, the escalating adoption rate of genetically modified crops throughout the globe has supplemented the sales value of the seed market in the past years. The increasing production of biofuel in major economies also contributed to the increase in demand for corn seeds and oil seeds.
Forecasts in the growth of the global seed market until 2016 were also included in the report.
For more information about the report, visithttp://www.reportlinker.com/p0922993/Global-Seed-Industry-Outlook-to-Rapid-Emergence-of-Genetically-Modified-Seeds.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Horticult
This article is part of the Crop Biotech Update, a weekly summary of world developments in agri-biotech for developing countries, produced by the Global Knowledge Center on Crop Biotechnology, International Service for the Aquisition of Agri-Biotech Applications SEAsiaCenter (ISAAA)