DES MOINES, IA – May 18, 2006 – (AgNewsWire) Global crop production shifts, transgenic and hybrid seed technologies and changes in targeted plant populations helped increase the value of the global proprietary seed market to more than $17 billion in 2005. That is a 30 percent increase over the past five years, according to the latest edition of an extensive global seed market survey completed by The Context Network, a business management consulting service to the world’s leading agriculture, biotechnology and food companies.
“Expanded plantings of oilseed crops and maize (corn) and the continued adoption of biotech seed are two mega trends that are pushing up the value of and importance of proprietary commercial seed globally,” says Mark Nelson, a consultant with The Context Network. “These two trends have had the most significant impact on the growth of the global seed market.” (Full Release)