Global Seeds Bank Market Size, Share, and COVID-19 Impact Analysis, By Crop Type (Traditional Crops, Endangered and Rare Crops, Unique Genetic Characteristics, and Crop Wild Relatives), By Storage Type (Short-term Storage, Mid-term Storage, and Long-term Storage), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

Industry: Agriculture

RELEASE DATE Jan 2024
REPORT ID SI3595
PAGES 200
REPORT FORMAT PathSoft

Global Seeds Bank Market Insights Forecasts to 2033

  • The Global Seed Bank Market Size is Growing at a CAGR of XX% from 2023 to 2033
  • The Worldwide Seeds Bank Market Size is Expected to Hold a Significant Share by 2033
  • Asia Pacific Market expected to grow the fastest during the forecast period

Global Seeds Bank Market

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The Global Seeds Bank Market Size is Anticipated to Exceed to hold a significant share by 2033, Growing at a CAGR of XX% from 2023 to 2033.

 

Market Overview

A seeds bank is an organization or company that maintains and stocks seeds of different plant species to protect the diversity of genes. These storage facilities are essential for preserving the diversity of plant genes and guaranteeing that a wide variety of seeds will be accessible for use by generations to come. Typically resistant to radiation, floods, and bombs, these banks preserve seeds from several plant species in chilly, low-humidity environments. Over 1,000 seed banks exist globally, with differing characteristics such as size, emphasis, and kind. They are essential to preserving biodiversity and preventing the loss of genetic variation, particularly in light of the problems posed by the climate crisis and global food security. Furthermore, seed banks provide enough genetic variation to support the development of novel kinds, such as insects- and tolerant of drought crops, while defending against the loss of genetic diversity among rare or threatened species of plants. This acts as a kind of insurance for future generations of agriculture and food security. In general, seed banks are necessary to ensure the planet's biological richness in the future and to lessen the global effects of plant species disappearance. Thus, such factors are boost the market growth in the forecast period.

 

Report Coverage

This research report categorizes the market for the global seeds bank market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global seeds bank market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global seeds bank market.

 

Global Seeds Bank Market Report Coverage

Report CoverageDetails
Base Year:2023
Forecast Period:2023-2033
Forecast Period 2023-2033 CAGR:XX%
Historical Data for:2019-2022
No. of Pages:200
Tables, Charts & Figures:110
Segments covered:By Crop Type, By Storage Type, By Region
Companies Covered: Svalbard International Seed Vault, Millennium Seed Bank Project, Seed Supreme, International Center for Tropical Agriculture, Crop King Seeds, Rocket Seeds, International Rice Research Institute, ILGM (I Love Growing Marijuana), Berry Botanic Garden, Blimburn Seeds, Homegrown Cannabis Co., International Institute for Tropical Agriculture, and Other Key Vendors.
Pitfalls & Challenges:COVID-19 Empact,Challenges, Future, Growth, & Analysis

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Driving Factors

The growing demand for high-quality, organic, non-GMO, and less-processed specialty crops such as fruits, vegetables, and grains are driving the seed bank market. Seed banks are essential for scientific research, education, and preserving indigenous cultures. The market for seed banks is expanding since they provide a means of conserving the cultural and archaeological value of varieties of plants that were cultivated centuries before but have become less common. The development of new types, such as pest-resistant and drought-tolerant crops, is made possible by seed banks, which is fueling the market's expansion.

 

Restraining Factors

The high setup and maintenance costs associated with seed banks may restrict the number of facilities that can be established and maintained. Ignorance of the value of seed banks, which may prevent these institutions from receiving enough financing or support. Additionally, the efficacy of seed banks may be restricted in some areas by a lack of suitable infrastructure, such as dependable energy and transportation. The ability of seed banks to preserve genetic variety and guard against the extinction of plant species may be limited by a lack of international coordination and collaboration.

 

Market Segmentation

The Global Seeds Bank Market share is classified into crop type, and storage type

 

  • The traditional crops segment is expected to hold the largest share of the global seeds bank market during the forecast period.   

Based on the crop type, the global seeds bank market is divided into traditional crops, endangered and rare crops, unique genetic characteristics, and crop wild relatives. Among these, the traditional crops segment is expected to grow at the greatest pace in the seeds bank market during the forecast period. This is because of their importance to agriculture, history, and culture. These traditional crops are essential for maintaining cultural legacy and traditional knowledge since they are used by many indigenous societies as food, fiber, and dye. These crops should be prioritized for preservation in seed banks since they are vital for food security and are well-suited to large-scale automated farming.

 

  • The long-term storage segment is expected to grow at the greatest pace in the global seeds bank market during the forecast period.

Based on the storage type, the global seeds bank market is divided into short-term storage, mid-term storage, and long-term storage. Among these, the long-term storage segment is expected to grow at the greatest pace in the seeds bank market during the forecast period. This is a result of a growing understanding of the value of maintaining genetic variety and the necessity of sustainable farming methods. Long-term storage conditions call for temperatures between -10 and -20 °C and no control over relative humidity. Under these circumstances, only the base collections are kept alive, and they can preserve the seed for 50–100 years. Throughout the forecast period, the long-term storage segment is anticipated to develop at the fastest rate in the global seeds bank market.

 

Regional Segment Analysis of the Global Seeds Bank Market

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America is anticipated to hold the largest share of the global seeds bank market over the predicted timeframe.

North America

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North America is anticipated to hold the largest share of the global seeds bank market over the predicted timeframe. This is because North America, with the US being the largest seed market, is one of the world's top seed-producing regions. All things considered, high-yielding cultivars and seeds, the changing agricultural environment in the area, and the growing need for food and feed are driving forces behind the projected significant expansion of the global seed bank market.

 

Asia Pacific is expected to grow at the fastest pace in the global seeds bank market during the forecast period. This is due to the Asia Pacific region's high yield of conventional crops and the region's expanding seed bank market brought about by the region's shifting agricultural landscape.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global seeds bank along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Svalbard International Seed Vault
  • Millennium Seed Bank Project
  • Seed Supreme
  • International Center for Tropical Agriculture
  • Crop King Seeds
  • Rocket Seeds
  • International Rice Research Institute
  • ILGM (I Love Growing Marijuana)
  • Berry Botanic Garden
  • Blimburn Seeds
  • Homegrown Cannabis Co.
  • International Institute for Tropical Agriculture

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • In December 2023, the seed gene bank would support research and development to find new crop varieties for the Arab region that are better suited to environmental conditions induced by climate change, such as increased temperatures, salinity, drought, and soil erosion. This would be in addition to storing and providing improved seed varieties.

 

  • In November 2023, the creation of seed banks increased genetic variety, plant sustainability, and self-sufficiency through the collection of varied seeds in farming communities.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Seeds Bank Market based on the below-mentioned segments: 

 

Global Seeds Bank Market, By Crop Type

  • Traditional Crops
  • Endangered and Rare Crops
  • Unique Genetic Characteristics
  • Crop Wild Relatives

 

Global Seeds Bank Market, By Technology

  • Short-term Storage
  • Mid-term Storage
  • Long-term Storage

 

Global Seeds Bank Market, By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

 

Frequently Asked Questions (FAQ)

  • 1. Which are the key companies that are currently operating within the market?
    Svalbard International Seed Vault, Millennium Seed Bank Project, Seed Supreme, International Center for Tropical Agriculture, Crop King Seeds, Rocket Seeds, International Rice Research Institute, ILGM (I Love Growing Marijuana), Berry Botanic Garden, Blimburn Seeds, Homegrown Cannabis Co., International Institute for Tropical Agriculture, and others.
  • 2. What is the size of the global Seeds Bank market?
    The Global Seeds Bank Market is expected to grow from USD XX Billion in 2023 to USD XX Billion by 2033, at a CAGR of XX% during the forecast period 2023-2033.
  • 3. Which region is holding the largest share of the market?
    North America is anticipated to hold the largest share of the global seeds bank market over the predicted timeframe.

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