According to a new report published by Allied Market Research, titled, Seed Market by Type, Crop, Availability, Seed Treatment, and Seed Trait: Global Opportunity Analysis and Industry Forecast, 2017-2023 the seed market was valued at $54,469 million in 2016, and is projected to reach at $68,711 million by 2023, growing at a CAGR of 3.4% from 2017 to 2023. The field crops segment was dominant in 2016, accounting for more than half of the market share, in terms of volume.