(EMAILWIRE.COM, December 28, 2017 ) The North America Organic Seeds Market was worth USD 660 million in 2016 and estimated to be growing at a CAGR of 11.1%, to reach USD 1.12 billion by 2021. With the increasing popularity for organic food and organic farming, and increasing environmental awareness regarding the use of chemical fertilizers and pesticides, the need for Organic Seeds is increasing which enhances the growth of this market in the aforementioned forecast period.
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Use of harmful pesticides causes depreciation in retention capability of the soil and crop yield. Organic farming is a technique that does not involve these chemicals, instead it involves organic fertilizers like and compost, manure, bone meal, etc. and stresses on farming techniques like crop rotation. Products obtained from this technique have higher antioxidant capabilities and have better taste.
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The primary factors accounted for the growth of market are the growing awareness regarding the negative health impact caused by utilizing chemicals in agriculture, favourable regulatory frameworks pertaining to organic farming in developed regions, growing environmental concerns over conventional agricultural practices and increasing demand for non-synthetic products in Food and Beverage industry. Conversely, high costs of organic seeds and supply-demand troubles are likely to hamper the growth of market. Also, initiatives taken by government and agencies related to agriculture hold great future potential for market.
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Market Segmentation
• Crop Type
• Application
• Distribution Channel
Based on Geographical analysis the market is separated into regions of United States of America and Canada. USA is leading the market while Canada is at second place. Higher adoption rate and favourable government regulations favoured the dominance of USA. Crop wise Vegetable Seeds are leading the market by a small margin over Fruit and Nut Seeds due to ever increasing need to increased food production and growing population.
Some of the key players dominating this market include Seeds of Change, Johnny’s Selected Seeds, Fedco Seeds, High Mowing Organic Seeds, Seed Savers Exchange, Wild Garden Seeds, HILD Samen, Fleuren, Vitalis Organic Seeds, Navdanya, De Bolster, Maas Plant, Southern Exposure Seed Exchange and Arnica Kwekerij.
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