North America Contribute approximately 35% of the Global Seeds and Traits Market: Ken Research
GM seed segment is the leading market in the US seed industry owing to the increase in productivity and resistance from pests and herbicides. The US seeds market is further expected to grow at a CAGR of more than 6% during 2017 – 2022
The report titled “ The US Seed Market Outlook to 2022 – By Crop Type (Corn, Cotton , Soyabean , Wheat, Rice, Grain Sorghum, Oats, Vegetable Seeds), by Open Po llinated, Hybrid and Genetically Modified Seeds ” by Ken Research anticipate a resilient and challenging outlook for incumbent seed segments such as Corn, soybean and see stable growth in Vegetable seed, Wheat and Sugarbeet seed space with anticipated growth in GM adoption in the next 5 years. The US is the largest and the most diverse global commercial seed market, which is followed by China, France, Brazil and Canada. The seed industry is the US is concentrated among the few big players though there are over 750 private seed companies engaged in the business with an offering of over 60,000 seed varieties of planting seeds.
The distribution channel in US seed industry varies between multiple states however it is mostly led by the dealer channel and retail channel. Seed companies also tend to sell directly to the farmers in case of large operations. For input providers, channel retailers and dealers are significant partners as they manage directly the relationship with the farmer. The US has observed the approval of 195 single trait events in 20 crop species: alfalfa (3 events), apple (3), Argentine canola (20), chicory (3), cotton (28), creeping bentgrass (1), flax (1), maize (43), melon (2), papaya (3), plum (1), potato (43), rice (3), rose (2), soybean (24), squash (2), sugar beet (3), tobacco (1), tomato (8), and wheat (1) since 1996. In 2016 itself, food, feed and cultivation approvals were made for apple (1 event), maize (2) and potato (3).
The GM seed crop area in the US recorded a growth of 3% at around 73 million hectares which is about 39% of the global biotech area in 2016. GM seed prices differs with trait stacking/bundling, perceived agronomic conditions in each US region in terms of pest infestations, rainfall, others and availability of substitute seeds, commodity prices, and farmer income. As the biotech seeds adoption rate is rising, the competition in the seed business has become more challenging. Companies with a high market share in regions which experience significant acreage shifts could realize more loss than companies with a lower share. According to Ken Research, DuPont Pioneer and Monsanto have continued to dominate over 70% of the corn seed business and about 60% of the soybean seed market in the US in 2016. This level of concentration among major corporations which sell patented seeds
makes the seed sector a monopolistic nature in top grain markets. The proposed agrochemical mergers such as Bayer with Monsanto, Dupont with Dow Chemical and ChemChina with Syngenta will make the concentration more intense. Key Topics Covered in the Report: US Seed Market US Seed Market Future US Corn Seed Market US Soyabean Seed Market US Cotton Seed Market US Wheat Seed Market US Rice Seed Market US Grain Sorghum Seed Industry US Barley Seed Industry US Oats Seed Demand US Fruits and Vegetable Seed Consumption
Seed Treatment in US Monsanto Market Share US Seed Industry Syngenta Sale seed in US Bayer competition US Seed Industry LimaGrain growth US seed Market Rijk Zwaan sale GM seed US Sakata revenue seed sale US Bejo seed sale in US US Seed Market Overview US Seed Market Evolution GM Seed Adoption Rate US Agricultural Farm Income in US US Seed Industry Economics Trends Seed Penetration in the US United States Seed Competition Average Farm Size in US
Market Share Seed Manufacturers US Commercial Seed Sales in United States Forecast Seed Expenditure in US Farm Holding Structure in US Cash Receipt US Soybean Soybean Seed Export US Hybrid Seed Market in US Genetically Modified Seed Market US GM Seed Sales in US Revenue Forecast GM Seed US For more information on the market research report please refer to the below link: https://www.kenresearch.com/agriculture-and-animal-care/seed/ us-seed-market-research-report/142291-104.html
Related Reports by Ken Research https://www.kenresearch.com/agriculture-and-animal-care/seed/ south-africa-seed-market/142288-104.html https://www.kenresearch.com/agriculture-and-animal-care/seed/ philippinesp-seed-industry-report/80167-104.html https://www.kenresearch.com/agriculture-and-animal-care/seed/ india-seed-market-report/5468-104.html Contact: Ken Research Ankur Gupta, Head Marketing & Communications sales@kenresearch.com +91-124-4230204