Seed Germination Trays Market Size, Share, Sales, Analysis, Forecast, Industry Competition & Player Profiles 2023-2032
According to UN’s Food and Agriculture Organization (FAO), 45% of the global population lived in world’s cities in 1994. Today, over 60% of the global population lives in cities, and FAO estimates that it will rise to 65% by 2025. The rising urbanization is one of the key trends in global demographics shifts, and remains a major driver for changes in food supply, increase demand for organic, and healthy foods, and growing support for local farm produce.
Moreover, the trend is dominant in some of the fastest growing food products markets including Asia, and Africa. The trend has already gripped the developed world, with FAO estimating that 84% of the population in developed countries will live in cities by 2025.
The growing urbanization brings a host of issues that affects people’s health in a serious manner. This includes sedentary lifestyle, rising need for personal adventures like gardening, and growing demand for healthy, cheap, and locally produced food products. This will be a key driver for growth in the seed germination trays market during the forecast period.
Growing Urbanization and Limited Farm Land Supply will remain Major Drivers for Growth
FAO estimates that in 1990, there were 288 cities in developing countries with a population housing more than a million people. The population in these cities in total amounted to more than 800 million people in 1990. Moreover, the FAO estimated that by 2000, the population would rise to over 1100 million, and fewer than 50 percent of all land will be available for agriculture.
Additionally, rural-urban migration will remain a key impediment to growth for growing farm produce, as limited skilled labor, worsening quality of life in rural areas, and declining young population remained key challenges for growth. Hence, the dependence on mass-produced, and globally supplied food chains, with rising reliance on commercial agriculture remains a key source of food manufacturing.
This has resulted in tremendous adverse impacts on global health, as food experts estimate that virus-infestation incidences like Covid-19 pandemic will rise in supply chains, thanks to mass-manufacturing.
Moreover, such food production has also led to adverse impacts on health, with changes in menstrual cycle of women in the developed world, thanks to growing reliance on commercially fed poultry stock. Hence, the demand for food produce like gluten-free, organic, and healthy food remains high. Events like farmer’s market remain popular in countries like the US, and growing demand for healthy products will likely drive growth of the seed germination trays market in near future.
Rising Exercise Trends will Also Shape Growth of the Germination Trays Market
Rising consumer surveys point out that millennials remain more health conscious as compared to the baby boomer generation. Millennials consume alcohol in lower quantities, hit the gym more often, and are more concerned about their well-being. This has resulted in major trends like DIY in designing houses, gardening, and landscaping.
The rising health-conscious activity among urbanized population is likely to manifest with different trends including gardening, yoga, landscaping among others. The growing food produce remains an important hobby among urban housewives, with growing inclination towards food products like tomatoes, which can be used in homes on a regular basis.
The rising health-consciousness, growing demand for locally grown food products, and availability of diverse offerings in the seed germination market remain key factors to growth in the near future.
The key players of the global seed germination market are Aerogrow International, Inc., Hydrofarm, Inc., Jiffy Products International B.V., W. Atlee Burpee and Co. Garland Products Ltd., Viagrow, Bootstrap Farmer, Roott Co SAS, Super Sprouter, Johnny's Selected Seeds, Inc.
The Seed Germination Trays Market is Segmented as Below:
- Disposable Biodegradable Trays
- Reusable Trays
- North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of MEA