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US Seed Market Future Outlook: Ken Research

07-12-2022 11:24 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ken Research

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 the 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.

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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. A 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.

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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 agriculturally based activities.

Key Segments Covered: -
By Type of Crop
Vegetable and Fruit Seeds

Based on Type:
Conventional seed
GM/ Hybrid seed

Based on Geography:
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

Related Report: -

Contact Us: -
Ankur Gupta, Head Marketing & Communications

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies.

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