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South Korea Seed Market by Technology type (Open Pollinated and Hybrid Seeds) by Crop type (Rice, B
South Korea Seed Market by Technology Type (Open Pollinated and Hybrid Seeds) by Crop Type (Rice, Barley, Sorghum, Maize, Potato, Raddish, Cabbage, Onion, Pepper, Other Vegetables, Fruits & Flower Seeds) - Outlook to 2022? provides a comprehensive analysis of seed market in South Korea. The report covers South Korea Seed market size, market segmentations by open pollinated and hybrid seeds, by crop type (rice, barley, sorghum, maize, potato, raddish, cabbage, onion, pepper, other vegetables, fruits & flower seeds), by market source (domestic production and imports) and by market structure (organized and unorganized market). The report also covers market in various aspects such as trends and developments, issues and challenges, SWOT analysis, trade scenario, regulatory scenario, market share of major seed producers and company profiles of major seed producers (Syngenta, Monsanto, Rijk Zwaan, Sakata, Takii Seeds, FarmHannong Seeds, FST Vegetable Seed Company and Asia Seeds). The report provides detailed overview on future outlook & projections with analyst tips for the industry. Industry Overview South Korea is predominantly an importer of grain crops. That is mainly due to shortage of cropland in the country. The agriculture sector contributed around 2.2%of the GDP of the country. However, the seed industry in the united kingdom is rising exponentially due to the government initiative; ?Golden Seed Project? launched in 2012. The revenues of the seed market in South Korea have reached USD ~ million in 2017 from USD ~ million in 2012. Under the Golden Seed Project the government has decided to invest over USD 722 million for the development of the in the country. The focus of the project is to make South Korea among the leaders in research and development of newer varieties of seeds. Rice is one of the staple food crops of South Koreans & most of it is domestically produced and consumed, due to this there is popular for rice seeds in the united kingdom. Apart from rice, most the demand for seed comes for vegetables. The most prominent are raddish, cabbage and onion. The extensive efforts and investment made by the government in to the industry is gradually liberalizing the South Korean seed market. Market Segmentation of South Korea Seed Market Type of Seed: With regard to revenue, the South Korea seed market is dominated by open pollinated seeds which accounted for ~ %, while the hybrid seeds accounted for ~ % of the full total revenue of the seeds market in South Korea in 2017. The usage of genetically modified seeds is banned in the country. Type of Crop: On the basis of crop the seed market in South Korea was dominated by rice, barley, sorghum, maize, potato, raddish, cabbage, onion, pepper, other vegetables, fruits & flower seeds. By Source: The seed market in South Korea is basically dependent on imports. The imports accounted for ~% (USD ~ million) of the total seed market in South Korea during 2017 and the total domestic production accounted for ~% (USD ~ million). By Market Structure: The seed market in South Korea is dominated by organized players which accounted for ~% (USD ~ million) share of the entire revenue during 2017. A number of unorganized players may also be present in the market. The unorganized market accounted for ~% (USD ~ million) of the overall revenue during 2017. Competitive Scenario in South Korea Seed Market The seed industry in the country has been dominated by organized; both domestic & global players available in the market which have accounted for major market share during 2017. There exists health competition on the market due to a amount of local players available in the market. The indigenous players also focus heavily on research and development of newer varieties of vegetable seeds. The global players largely import seed from countries in Europe. The market in South Korea is dominated by players including Syngenta, Monsanto, Rijk Zwaan, Sakata, Takii Seeds, FarmHannong Seeds, FST Vegetable Seed Company and Asia Seeds. Monsanto South Korea is a subsidiary of a global seed company Monsanto based in St. Louis, US. The company produces selection of vegetables seeds for the South Korean market. The business has accounted for share of ~% in the overall market during 2017. Syngenta Seed South Korea is really a global company formed during 2000 by the merger of Novartis Agribusiness and Zeneca Agrochemicals. The company produces seeds for pepper, cabbage, watermelon, onion, cucumber, tomato, pumpkin, paprika along with other vegetables. The business has accounted for a share of ~% in the overall market during 2017. Rijk Zwaan is a Dutch company established in Rotterdam. The company is one of the top 5 vegetable breeding companies in the world. The company has accounted for a share of ~% in the overall market during 2017. FarmHannong Seeds is one of the market leaders in plant breeding, production, processing, marketing and the sales of hybrid vegetable in the country. The business deals in almost 550 types of 23 different crops with diverse brand strategies. how to fix creaky stairs has accounted a share of ~% of the full total revenue during 2017. Other major players in the South Korea seed market are Sakata, Takii Seeds, FST Vegetable Seed Company and Asia Seeds. Future Potential of South Korea Seed Market The revenue from the South Korea seed industry is projected to join up a steady and modest growth over the period 2017-2022. It is projected to grow by CAGR of ~% over the period 2017-2022 and is likely to reach USD ~ million in 2022 as compared to USD ~ million in 2017. The overall growth in the market will undoubtedly be supported by the demand for rice and vegetable seeds. The Golden Seed Project initiated by the government provides South Korea amongst the leaders of global seed industry. The federal government is concentrating on developing an infrastructure that extensively targets research and development of newer seed varieties and in addition results in the development of the local industry. The country wishes to liberalize its seed industry. Due to these initiatives the indigenous companies will probably grow substantially in the foreseeable future and expand their business to other countries. To know more, Go through the link below https://www.kenresearch.com/agriculture-and-animal-care/seed/south-korea-seed-market-research-report/142307-104.html E MAIL US: Ken Research Ankur Gupta, Head Marketing & Communications [email protected] +91-1244230204

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