A new market intelligence report has recently been added by Transparency Market Research to its vast collection of research reports. The study, titled “Non-GMO Papaya Seed Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024,” offers a detailed study of the market. The growth prospects of the global non-GMO papaya seed market, along with the current trends and opportunities have been discussed thoroughly in the research report. In addition to this, the segmentation and the competitive scenario of the market have also been mentioned in the scope of the research study.
The changing preference of consumers towards non-genetically modified and healthy food is one of the key factors estimated to encourage the growth of the global non-GMO papaya seed market in the next few years. In comparison with GMO seeds, the non-GMO papaya seeds are cheaper, thus allowing farmers to use them extensively. Thus, the demand for non-GMO papaya seeds is expected to increase significantly in the next few years across the globe. The changes in the quality of water and changes in water and the growth techniques are considered as major factors that are required to be taken care of in crop production.
On the flip side, the crops that are being produced by using non-GMO papaya seeds persist the use of herbicides, synthetic pesticides, sewage sludge, residue of hexane, and growth that are promoting ractopamine and antibiotics, which are considered as harmful for humans as well as nature. This is likely to restrict the growth of the global non-GMO papaya seed market throughout the forecast period.
The global market for non-GMO papaya seed has been classified on the basis of geography into the Middle East and Africa, North America, Latin America, Europe, and Asia Pacific. Among these segments, Europe and North America are projected to witness high growth throughout the forecast period. The high growth of these two regions can be attributed to the high investments. In addition to this, the changing consumer perceptions is also one of the major factors expected to accelerate the growth of the non-GMO papaya seed market in North America and Europe. On the other hand, Asia Pacific is projected to register a healthy growth in the coming years, thanks to the increasing adoption of this seed for plantation.
Request to view Sample Report:
The global market for non-GMO papaya seed market is expected to witness a healthy growth throughout the forecast period. The expected rise in the number of players is likely to enhance the competitive scenario of the overall market in the coming years. Some of the leading players operating in the non-GMO papaya seed market across the globe are Baker Creek Heirloom Seed Co., Fedco Seeds Inc., Seed Savers Exchange, and Southern Exposure Seed Exchange. The rising number of merger and acquisitions and collaborations are estimated to offer promising growth opportunities for the market players in the next few years. The business profiles and recent developments of the company profiles have been discussed in the scope of the research report.