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The US - seeds market size is estimated to grow at a CAGR of 8.12% between 2022 and 2027. The market size is forecast to increase by USD 10,417.75 million. This US seeds market report extensively covers market segmentation by product (GM seeds and conventional seeds) and type (grain seeds and oilseeds, fruits and vegetable seeds, and others). It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.
One of the key factors driving the US seeds market growth is the growth in the adoption of GM seeds in the US. There is an increasing adoption of GM seeds across the country due to the growing popularity of genetically engineered crops in the US. The main advantage of genetically engineered crops is that they offer higher nutritional content and stress and disease resistance when compared to conventional seeds. The main factor that is fuelling the rise in the adoption of genetically engineered crops is the increase in awareness regarding the benefits of genetically engineered crop cultivation among farmers in the US. Hence, such factors are positively impacting the market growth. Therefore, it is expected to drive the market growth during the forecast period.
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A key factor shaping the US seeds market is the rise in prominence of digital technology in agriculture. There is an increase in the adoption of Internet of Things (IoT) devices and analytics among farmers and food producers due to the advent of digital technology in agriculture. The adoption of IoT enables farmers to increase crop production and productivity.
Moreover, several market players are increasingly focusing on offering digital technology as a scalable and sustainable agricultural resource to assist farmers in maximizing seed output and crop potential. One of the prominent market players is Parrot Drones SAS which offers digital technology such as multispectral sensors which helps in simplifying data collection and enabling monitoring and analytics for farmers and food producers. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the US seeds market growth during the forecast period.
Regulatory constraints are one of the key challenges hindering the US seeds market growth. There are several stringent laws enforced by many authorities in the US seeds market to ensure accurate labeling and quality standards for seeds that are packaged, marketed, and sold within or outside the US. The main authority that monitors and regulates the interstate shipment of agricultural and vegetable seeds is the Federal Seed Act (FSA).
Moreover, the FSA has made it mandatory that the seeds shipped for interstate trade purposes be labeled clearly to ensure transparency among seed buyers. Furthermore, it is compulsory for all state seed certification agencies to adhere to the requirements and standards prescribed under the Association of Official Seed Certification Agencies (AOSCA) to ensure uniform testing methodology and seed quality standards. Hence, such factors are negatively impacting the market. Therefore, it is expected to hinder the US seeds market growth during the forecast period.
The increasing R&D activity is expected to fuel the growth of the grain seeds and oilseeds segment which in turn will increase the market growth. The seeds utilized to produce commercial grain commodities and oils for consumption are referred to as the grain seeds and oilseeds segment. This segment mainly comprises eed varieties such as wheat, corn, barley, rice, sorghum, soybeans, cottonseed, sunflower seed, flaxseed, canola, and safflower. The rise in privatization in the seeds market is fuelling the R&D activity in the market, especially for GM commercial grain seeds and oilseeds which is positively impacting the market. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the US seeds market growth during the forecast period.
The increasing consumer demand for fruits and vegetable seeds segment will increase the market growth during the forecast period. The fruit and vegetable seeds segment comprises conventional and GM crops such as beans, broccoli, Brussels sprouts, cabbage, cauliflower, cucumber, spinach, apple, papaya, watermelon, and squash. Some of the main market players that offer a wide range of fruit and vegetable seeds for commercial and independent use in the US include Syngenta, Sakata, Bayer, Limagrain, and BASF. There is an increasing awareness about the health benefits of chemical-free food products which is expected to fuel the growth of this segment which in turn will drive the US seeds market growth during the forecast period.
The GM seeds segment is estimated to witness significant growth during the forecast period. The genetically modified or engineered seeds injected with genes from other plant variants to incorporate favorable traits are referred to as the GM seeds segment. Some of these features include resistance to diseases, insecticides, and pesticides and tolerance to adverse weather conditions, including frost.
The GM seeds segment was the largest segment and was valued at USD 8,504.43 million in 2017.
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One of the leading producers of GM seeds across the world is the US. Some of the main GM crops manufactured in the US include corn, soybean, cotton, canola, sugar beet, apple, potato, papaya, squash, and alfalfa. Additionally, there has been increasing adoption of GM seeds among farmers across the US over the last few years due to its several advantages such as easier weed management, pest and disease control, enhanced nutritional content, and higher productivity. The main advantage of herbicide-tolerant crops (HT) crops is their high tolerance to potent herbicides, including glyphosates, thereby providing farmers with a plethora of options for weed management. Hence, such factors are expected to fuel the growth of this segment which, in turn, will drive the US seeds market growth during the forecast period.
There is an increasing adoption of conventional seeds segment which will increase the market growth during the forecast period. The conventional seed segment comprises all open-pollinated and hybrid varieties of seeds developed naturally and not through modern biotechnology. There has been an increasing adoption of organically-produced seeds and crops across the US over the years. Some of the key regions in the US where there is extensive use of this segment include s California, Wisconsin, and New York. Factors such as the shift in use from synthetic and chemical fertilizers fuelled by the increasing demand for natural, organic produce and stringent regulatory and compliance requirements is expected to fuel the growth of this segment which in turn will drive the US seeds market growth during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The US seeds market report also includes detailed analyses of the competitive landscape of the market and information about 20 market 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 US seeds market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
US - Seeds Market Scope |
|
Report Coverage |
Details |
Page number |
128 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.12% |
Market growth 2023-2027 |
USD 10,417.75 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
7.76 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Ahern Agribusiness Inc., BASF SE, Bayer AG, Bejo Zaden BV, BHNSeed, Burrell Seed Growers LLC, Central Garden and Pet Co., China National Chemical Corp. Ltd., Emerald Seed Co., Fruition Seeds LLC, Great American Seed Up, Johnnys Selected Seeds, Kagome Co. Ltd., Mars Inc., Origene Seeds Ltd., Renees Garden Seeds, Sakata Seed Corp., Takii and Co. Ltd., The Living Seed Co. LLC, and W. Atlee Burpee and Co. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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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 Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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