The report titled “US
Seed Market Outlook to 2023 - By Type of Seed (Corn, Soybean, Cotton, Wheat,
Sorghum, and Vegetables) and By Technology (GM/GE/Hybrid and Open Pollinated)” provides a
comprehensive analysis of the seeds market in the US. The report covers the
overall market size in terms of revenue, segmentations on the basis of crop,
type of seed, geographical region, trends and developments, regulations for
patents in the US, mergers and acquisitions, US farm structure and ownership
structure, mechanization in the US agriculture, organic farming sector, land
under cultivation and production of various crops, competitive scenario and
company profiles. The report concludes with market projection for future
analyst recommendations highlighting the major opportunities and cautions for
the US seeds market.
US seed market is among the most
developed in the world and is in the matured stage. Technological advancement
and genetic modification are the key drivers for the demand of commercial seeds
in the US market.
Corn: In 2018, total
corn planted area in the US showed a decline when compared with the planted
area year 2017. Farmers have decreased corn acreage by adjusting crop rotations
between corn and soybeans, which has caused corn plantings to decrease. The
trade differences between China and the US have impacted both the plantation
and production of corn in the country. The US Corn Seed Market’s quantity of
production and consumption depends on genetics, changes in weather patterns,
land limitations, politics and global market demand. The US Corn seed market
recorded growth during 2018 due to rise in prices of seed. The higher growth
rate of the Corn seed segment can be attributed to the increasing demand of
superior quality seeds to feed the expanding population of the country. Corn
production is expected to increase by the year 2023. Lower corn prices and
increasing corn production suggest that more corn will be used for feed and
residual use. Fuel and increasing meat production have driven the demand for
corn in the US and global market.
Soybean: In year 2018,
total soybean showed a decline with a negative growth when compared with the
planted area in year 2017. Illinois ranked first in the maximum soybean
plantation followed by Iowa. US production declined for soybean seeds in year
2018 when compared to 2017. Total seed production is impacted directly with the
decline in the planted acres over the years. States like North Carolina got two
hurricanes and other states are affected due to heavy rain after soybeans hit
maturity. Decline in year 2018 was observed as China has shifted soybean orders
to South America after the issue of price effect post July 2018. The prices of
Soybean are increasing and the higher producer returns provide incentives to
increase plantings, and producers are expected to plant large number acres by
the year 2023. Rising domestic use and export demand support a continuation of
a large soybean area. This will eventually result in increased demand for
soybean seeds.
Cotton: The US cotton
seed market had an increasing growth in year 2018. Cotton production showed a
negative growth rate when compared with 2017. Texas is the leading
cotton-producing state followed by California, Arkansas, Georgia, Mississippi
and Louisiana. Domestic mill use which increases the demand for the cotton seed
is expected to slowly grow over the forecast period while exports are projected
to increase in the coming years. More than 99 % of the cotton grown in the US
is of the Upland variety, with the rest being American Pima.
Other
Crops:
The US Sorghum seed segment recorded an increased growth rate in year 2018.
Significant demands from dairy, meat and poultry industries are creating unique
marketing opportunities for the sorghum growers.
Overall wheat seed use in year 2018
increased from the previous year. No GM wheat seeds have been commercialized
until now although Monsanto and Syngenta are undergoing field trials for GM
wheat.
In 2018, rice producers planted hybrid
seed on about 20%-25% percent of U.S. land for rice cultivation. Arkansas is
the largest area by rice crop plantation.
South Dakota produces the most oats in
the US followed by North Dakota and Wisconsin. U.S oats production will have an
increased growth rate by 2023.
The Fruit and Vegetable Seed Market is
at rapid growth stage in year 2018. It is observed that the quality of seed
accounts for approximately 25-30% of the total productivity and hence there is
huge demand for branded seeds. The growing demand for vegetables and an
increased production capacity of vegetable industry are driving the market
growth in the US. The total farm value of fruit, nuts, and vegetable production
is projected to grow annually over the coming.
Future: US Seed industry
is expected to register an increased CAGR in upcoming years. Huge consolidation
in the market has reduced the number of major players in the US Seed market to
less than five. In future, it is less likely that more consolidation may happen
among the existing top players. Many new traits and seed varieties are under
development and are expected to be launched in the next five years. Demand for
organic and non GMO seeds are expected to rise and being sold at premium
considering the rising demand for organic vegetables and other food products.
Organic acreage is increasing in most areas of the US, while transitioning to
organic corn and soybean. The rate of demand for commercial seeds is growing
rapidly due to mechanization and adoption of various other agricultural
practices and technological improvements such as use of drones and sensors for
seed planting and monitoring, use of robotics for seed R&D and various
other uses, upcoming culture of urban farming, hydroponics and the use of IoT
(Internet of Things) in the agricultural based activities.
Key
Segments Covered
By
Type of Crop
Corn
Soybean
Cotton
Sorghum
Wheat
Rice
Oats
Vegetable and Fruit Seeds
Based
on Type:
Conventional seed
GM/ Hybrid seed
Based
on Geography:
California
Texas
Nebraska
Illinois
Iowa
Minnesota
Kansas
Indiana
Wisconsin
North Carolina
Other states
Key
Target Audience
Seed Manufacturers
Associations and industrial bodies
Agricultural institutes and
universities
Regulatory institutions
Agricultural Seed Distributors
Government Agencies
NGO’s Supporting Agricultural Growth
and Activities
Venture Capitalists
Online Sales and Retailing Agencies
Time
Period Captured in the Report:
Historical
Period:
2013-2018
Forecast
Period:
2019-2023
Companies
Covered:
Bayer Group (Monsanto Company)
Dow DuPont Inc.
Syngenta Seeds, LLC
Agreliant Genetics, LLC
Key
Topics Covered in the Report
Executive Summary
Research Methodology
Historical Overview
Land Under Cultivation and Production
of Various Crops, 2017 and 2018
Irrigated and Non Irrigated land
US Farm Structure and Ownership
Structure
Mechanization in the US Agriculture
Value Chain in the US Seed Market
Regulatory Scenario in United States
Seed Market for Patent Approval
Cropping Pattern in the US Grain and
Vegetables
USA Seed Market Overview and Size,
2013-2018
US Corn Seed Market, 2013-2023
US Cotton Seed Market, 2013-2023
US Soybean Seed Market, 2013-2023
US Wheat Seed Market, 2013-2023
US Sorghum Seed Market, 2013-2023
US Rice Seed Market Snapshot
US Oats Seed market Snapshot
US Fruits and Vegetable Seed Market
Snapshot
Market Share and Company Profile of
Major Players, 2018
Mergers and Acquisitions in US Seed
Industry
List of Small Seed Companies in the US
Seed Industry
Trends and Developments in USA Seed
Market
SWOT Analysis
Rising Organic Farming Sector
Future Projection to the US Seed
Market, 2018-2023
Analyst Recommendation
For
more information on the research report, refer to below link:
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