Market Forecast By Vegetable Type (Tomato, Cabbage, Sweet Pepper, Lettuce, Watermelon, Onion, Melon, Chinese Cabbage, Hot Pepper), By Cultivation Mechanism (Open Field, Protected Cultivation), By Application (Farmland, Greenhouse and others) And Competitive Landscape
Product Code: ETC385122 | Publication Date: Jan 2023 | Updated Date: May 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Kuwait Vegetable Seeds market currently, in 2023, has witnessed an HHI of 1203, Which has increased slightly as compared to the HHI of 924 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Kuwait Vegetable Seeds Market has been growing at a tremendous rate and it will obtain more growth during the forecast period. The industry in the country is driven by many factors and it will continue gaining popularity in the years to come.
According to 6Wresearch, the Kuwait Vegetable Seeds Market size is expected to grow during 2023-2029. As the country continues to move towards a more sustainable form of agriculture, the need and demand for vegetable seeds in the country are anticipated to rise significantly in the near future. This sector is an essential part of the Middle East Vegetable Seeds Market. The climate of the nation is conducive to the cultivation of a large variety of vegetables. There has been a rise in the importation of vegetable seeds in Kuwait. This is owing to a number of factors which include the rising popularity of home gardening, the availability of cost-effective seed products, and the urge for high-quality products. The rising demand for fresh fruits and vegetables, along with the rising awareness about the advantages of consuming natural products is also stimulating the sector growth.
Agriculture in the country is the key economic activity, which is giving rise to the vegetable seeds market. The government of the country offers many incentives and subsidies for the evolution of agriculture in the nation. Other essential factors supporting sector growth are the rising population in the country, rising urbanization, changing dietary habits, and rising disposable incomes of people. The high prices associated with seeds and lack of awareness regarding the varieties of new seeds are the factors restraining the growth of the market. This industry will soon come out of these challenges since players in the sector have been trying to combat these challenges. The sector will remain one of the essential sectors in the country. The Kuwait Vegetable Seeds Market share is growing.
The coronavirus pandemic outbreak affected the growth of a number of sectors across the globe, but Kuwait Vegetable Seeds Market remained unaffected by the pandemic as this sector comes under the most essential sectors since it is very closely related to the agriculture sector. The agricultural sector across the world expanded efficiently in demand during the pandemic as it plays the most essential role. It is owing to the agriculture sector, that people across the world get more essential foods which are vegetables and fruits. The sector gained more growth during the pandemic as people became more health-conscious.
On the basis of vegetable type, the Vegetable Seeds Market in Kuwait is divided into Tomato, Cabbage, Sweet Pepper, Lettuce, Watermelon, Onion, Melon, Chinese Cabbage, and Hot Pepper. All these segments are rising in the market.
On the basis of the cultivation mechanism, the Kuwait Vegetable Seeds Industry is divided into Open Field, and Protected Cultivation. The protected cultivation mechanism is anticipated to grow in the future owing to the demand for cultivation seeds in the protected environment is rising.
On the basis of application, the sector is divided into Farmland, Greenhouse And Others. All application segments are growing in the market.
The report offers a comprehensive study of the subsequent market segments: