The growth
in the seed industry in France can be attributed to the substantial rise in
export of seeds and crops, considerable growth of the organic food products
market in the country and expansion of indigenous companies to other countries.
Although, the agriculture sector contributes
close to only 1.5% of the country’s total GDP, the seed sector in the country
has grown considerable in the past few years. France is the leading exporter of
seeds in the world. The country majorly exports seeds for cereal crops. One of
the major importers of French seeds is Germany. Large quantities of forage
crops are also produced as livestock farming is also substantial in the
country. The country also exports substantial quantities of vegetable seeds as
well. France is famous for its wine production and its vineyards. The
consumption of seeds for grape production is also one of the factors driving
growth in the country’s seed market.
The seed market in France is dominated by
presence of organized players. The organized players consist of the global
leaders of the seed industry. Indigenous players also have considerable share
in overall market revenue. These indigenous players in recent years have
extensively focused on developing newer hybrid seeds and on expansion into
other neighboring countries. This has further augmented the size of the seed
market in the country. Government
policies and regulations have banned the use of genetically modified seeds in
the country, but are designed to support the growth of open pollinated and
hybrid seeds. The government also promotes the development of organic farming
sector in the country. In recent years the organic farming sector has witnessed
substantial growth and has lead to increase in consumption of a variety of
seeds. The seed industry has also benefited from extensive R&D and breeding
programmes supported by companies operating in the market.
The report titled “France
Seed Market by Technology Type (Open Pollinated and Hybrid Seeds) by Crop Type
(Corn, Wheat, Barley, Rapeseed, Sunflower, Sugar beet, Soybean, Fruits &
Vegetables and Flower Seeds) - Outlook to 2022” by Ken Research
suggested a growth at a positive CAGR in revenues in France seed market due to
extensive support and investment by the government, growth of indigenous
companies and rise of organic farming in next 5 years till 2022.
For more
information on the research report, refer to below link:
Contact Us:
Ken Research
Ankur Gupta, Head Marketing &
Communications
+91-124-4230204
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