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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Ankur Gupta, Head Marketing &
Communications
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