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The us seeds market size is forecast to increase by USD 15.1 billion at a CAGR of 10.4% between 2023 and 2028.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Genetically modified seeds, or GM seeds, are a crucial component of modern agriculture In the US. These seeds are engineered with genes from other plant variants to introduce desirable traits, such as disease and pest resistance, tolerance to adverse weather conditions, and enhanced nutritional content. The US is the leading producer and consumer of GM seeds globally, with major crops including corn, soybeans, cotton, canola, sugar beets, apples, potatoes, papaya, squash, and alfalfa. Farmers In the US have increasingly adopted GM seeds due to their benefits, which include easier weed management, improved pest and disease control, and higher productivity. Traits like herbicide tolerance, insect resistance, and stress tolerance contribute to the widespread use of GM seeds in various agroclimatic zones and for diverse agricultural purposes, such as food production and animal feed.
The seed market ecosystem includes small-scale seed producers, public research institutions, biotech crops, and plant-based protein companies. Seed treatment insights include treated and non-treated seeds, and seeds are categorized as conventional and organic. The regulatory stance In the US is accommodative, allowing for seed coating, pelleting, and the commercialization of agriculture. The seed market is continually evolving, with recent crop varieties and biotechnology innovations, including stress-tolerant and nutrition-giving crop varieties, and a growing organic trend.
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The GM seeds segment was valued at USD 9.06 billion in 2018 and showed a gradual increase during the forecast period.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Growth in adoption of GM seeds in US is the key driver of the market.
Growth in consolidation in seeds market in US is the upcoming trend In the market.
Privatization of seeds market in US is a key challenge affecting the market growth.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, market forecast partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the market.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The seeds market In the United States is a dynamic and intricate ecosystem, driven by various factors that shape the agricultural landscape. This market encompasses a diverse range of crops, including cereals, grains, oilseeds, forage crops, and fruits and vegetables. The seeds industry plays a crucial role in modern agriculture, contributing to increased yield, pest resistance, wider adaptability, and early maturity. The seeds market is influenced by several key factors. One significant trend is the modernization of agriculture, which emphasizes the adoption of advanced seed technologies. These innovations include gene-tagged markers, molecular breeding, and genetic engineering. The goal is to create nutrition-giving crop varieties that can thrive in various agroclimatic zones and offer stress-tolerance.
Another critical factor is the commercialization of agriculture. Premium seeds are in high demand due to their enhanced quality and ability to maximize yield in a sustainable way. Seed coating and pelleting are common practices used to improve seed viability and ensure better germination. The seeds market is also influenced by regulatory factors. The accommodative regulatory stance In the United States allows for the development and commercialization of biotech crops and genetically modified seeds. However, there are concerns regarding the potential harmful health effects of certain chemicals used in conventional agriculture, leading some to advocate for organic and natural farming practices.
The market for seeds is vast and diverse, with different categories and types catering to various agricultural purposes. Cereals and grains, such as maize, cotton, soybeans, canola, alfalfa, squash, eggplant, sugar beets, potatoes, and papaya, are essential components of the seeds market. Fruits and vegetables, including apples, also rely on seeds for production and breeding. The oilseed market is a significant segment of the seeds industry, with oilseed crops like soybeans, oilseed meals, and others playing a crucial role In the animal feed industry. The demand for plant-based protein companies is on the rise, further boosting the importance of oilseed crops.
The seeds market is not without its challenges. Counterfeit products and false hybrid seeds pose a threat to farmers, potentially reducing crop yields and increasing costs. Seed producers must ensure the quality and authenticity of their products to maintain trust and credibility In the market. In conclusion, the seeds market In the United States is a complex and dynamic industry, shaped by various factors such as technological advancements, regulatory policies, and market trends. The seeds market is essential for food production, animal feed, and agricultural purposes, making it a critical component of the agricultural sector. The focus on sustainability, affordability, and innovation will continue to drive the seeds market forward.
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Market Scope |
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Report Coverage |
Details |
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Page number |
132 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.4% |
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Market growth 2024-2028 |
USD 15.1 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
8.6 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Type
8 Customer Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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