Investment Rating - The report does not explicitly state an investment rating for the vegetable seed industry Core Insights - The vegetable seed market in China is projected to grow from 280.3 billion RMB in 2022 to approximately 310.99 billion RMB in 2023, with an estimated growth to 461.16 billion RMB by 2027, indicating a strong upward trend in market size [21][40] - The annual expenditure of vegetable farmers is expected to increase from 5,183.12 million RMB in 2023 to 7,686 million RMB by 2027, reflecting a growing investment in agricultural inputs [21][45] - The proportion of agricultural inputs purchased by farmers remains stable at 30% from 2017 to 2027, while seed expenditure is consistently 20% of total agricultural spending [21][48][51] Market Size Overview - The vegetable seed market size in China has shown consistent growth from 161.9 billion RMB in 2017 to an estimated 310.99 billion RMB in 2023, with projections reaching 415.16 billion RMB by 2026 and 461.16 billion RMB by 2027 [21][40] - The number of vegetable farmers is projected to increase from 2,475.53 million in 2023 to 3,050 million by 2027, indicating a growing base of agricultural producers [40][44] Farmer Expenditure and Investment - The average annual expenditure of farmers is expected to rise significantly, from 2,698.33 million RMB in 2017 to 7,686 million RMB by 2027, highlighting an increasing financial commitment to farming [21][45] - The percentage of expenditure on seeds remains constant at 20% throughout the forecast period, indicating a stable investment strategy among farmers [21][51] Farmer Demographics - The number of migrant workers in agriculture is projected to grow from 28,652 thousand in 2017 to 30,500 thousand by 2027, reflecting a stable labor force in the agricultural sector [29][41] - The proportion of farmers engaged in vegetable planting is expected to increase from 10.8% in 2017 to 12.5% by 2027, indicating a shift towards more vegetable cultivation [37][42]
中国蔬菜种子行业市场规模测算逻辑模型 头豹词条报告系列
Tou Bao Yan Jiu Yuan·2024-10-10 11:38