2004-2005 saw an upsurge in seed industry takeovers and a shake-up in rankings. Today, the top 10 companies control half of the world's commercial seed sales. With a total worldwide market of approximately US$21,000 million [$21 billion] per annum, the commercial seed industry is relatively small compared to the global pesticide market ($35,400 million), and it's positively puny compared to pharmaceutical sales ($466,000 million). But corporate control and ownership of seeds – the first link ...read more
2004-2005 saw an upsurge in seed industry takeovers and a shake-up in rankings. Today, the top 10 companies control half of the world's commercial seed sales. With a total worldwide market of approximately US$21,000 million [$21 billion] per annum, the commercial seed industry is relatively small compared to the global pesticide market ($35,400 million), and it's positively puny compared to pharmaceutical sales ($466,000 million). But corporate control and ownership of seeds – the first link in the food chain – has far-reaching implications for global food security.