Vegetable Seeds Market Share, Growth 2027
The global vegetable seeds market size is expected to reach USD 10.48 billion by 2027, exhibiting a CAGR of 7.8% between 2020 to 2027. The growing cognizance about the benefits of vegetables in weight loss and management can be a vital factor augmenting the growth of the market, states Fortune Business Insights, in a report, titled “Vegetable Seeds Market Size, Share & Industry Analysis, By Type (Open Pollinated Varieties and Hybrids), Crop Type (Solanaceae, Root & Bulb, Cucurbit, Brassica, Leafy, and Others), Cultivation Method, and Regional Forecast, 2020 – 2027” the market size stood at USD 5.78 billion in 2019.
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Supply of Essential Goods to Ease Market Amid Coronavirus
The outbreak of COVID-19 has led to the destruction in the supply chain of many industries across the world. Nevertheless, the heavy demand for essential goods during the pandemic will consequently foster the healthy growth of the market. according to the International Seed Federation (ISF), the spread of coronavirus had a lesser impact on the seed sector as it was considered under essential commodities to sustain the delivery of seed to farmers. The supply of seeds to preclude the scarcity of food in numerous nations amid coronavirus will effortlessly create business opportunities for the market.
Information source: https://www.fortunebusinessinsights.com/vegetable-seed-market-103066