A seed is a small embryonic plant enclosed in an outer covering, known as the seed coat, which helps in protecting the embryo. It plays a vital role in the reproductive process of plants by performing various functions such as providing nourishment to the embryo, dispersing to new locations and dormancy in unfavorable weather conditions. A rapid increase in the global population and consequent rise in the demand for food have created a positive impact on the sales of the enhanced seed varieties worldwide. According to IMARC Group, the global seeds market reached a value of US$ 66.9 Billion in 2018, exhibiting a CAGR of 7% during 2011-2018.
The global seeds industry is highly concentrated due to the monopoly of the top 5 seed companies in the market. These key players include:
1- Monsanto Company 2- Bayer 3- E.I. du Pont de Nemours and Company (DuPont) 4- Syngenta AG 5- Dow Chemicals
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