Americas Seeds Market

Americas Seeds Market Size, Share, Growth Analysis, By Type(Conventional and Genetically Modified Seeds), By Crop Type(Cereals And Grains, Oilseeds and Pulses, Fruits and Vegetables, and Others), By Sales Channel(Direct Sales and Distribution), By Region - Industry Forecast 2025-2032


Report ID: SQMIR30H2074 | Region: Regional | Published Date: March, 2024
Pages: 198 | Tables: 87 | Figures: 76

Americas Seeds Market Insights

Americas Seeds Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 8.18% during the forecast period (2025-2032).

The Americas seeds market is experiencing significant growth, primarily driven by the increasing demand for food due to population growth, changing dietary preferences, and rising disposable incomes. With the increasing population, there is a growing demand for food products in the region, which is driving the demand for seeds. Furthermore, consumers are increasingly demanding nutritious food products, which is leading to the development of new seed varieties that offer higher nutritional value. Additionally, the adoption of modern farming techniques, such as precision agriculture, is playing a key role in driving the growth of the Americas seeds market. Precision agriculture involves the use of sensors, drones, and other technologies to optimize crop yields, reduce input costs, and increase efficiency. This technique allows farmers to collect and analyze data about soil conditions, crop growth, and weather patterns, enabling them to make informed decisions about planting, fertilizing, and harvesting crops. The adoption of precision agriculture is expected to continue to grow in the Americas, supporting the growth of the seeds market.

Farmers can use herbicides more efficiently and effectively by planting herbicide-tolerant seeds, reducing the amount of labor and resources required to control weeds. The U.S. Department of Agriculture (USDA) reports that the proportion of domestic soybean acreage planted with herbicide-tolerant (HT) seeds has risen steadily over the years. In 1997, only 17.0% of domestic soybean acreage was planted with HT seeds, but by 2001, this figure had increased to 68.0%. By 2014, 94.0% of domestic soybean acres were planted with HT seeds, and this percentage remained relatively stable at 95.0% in 2021 and 2022. Furthermore, the development of genetically modified seeds is also a significant driver of the Americas seeds market. Genetically modified seeds are designed to be more resistant to pests, diseases, and environmental stressors, leading to higher crop yields and improved food security. These seeds are also designed to offer additional benefits, such as increased nutritional content, longer shelf life, and improved flavor. The use of genetically modified seeds has become increasingly popular in the Americas due to their ability to withstand harsh weather conditions and pests, leading to a reduction in crop losses and an increase in yields. Furthermore, advancements in biotechnology have made it possible to develop genetically modified seeds that are tailored to specific environmental conditions and crop requirements. As a result, the market for genetically modified seeds is expected to continue to grow in the coming years, supporting the overall growth of the Americas seeds market.

Americas Seeds Market is poised to grow at sustainable CAGR for the next forecast year.

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FAQs

Americas Seeds Market size was valued at USD 6.22 billion in 2021 and is poised to grow from USD 6.61 billion in 2022 to USD 11.5 billion by 2030, growing at a CAGR of 8.18% in the forecast period (2023-2030).

The Americas seeds market is highly competitive, with the presence of several regional and international players. The market is characterized by intense competition, with players focusing on product differentiation, innovation, and partnerships to gain a competitive edge. Players are also investing heavily in R&D to develop new seed varieties and technologies that improve crop yields and reduce input costs. The market is witnessing increasing consolidation, with several major mergers and acquisitions taking place in recent years. In recent developments, Advanta Seeds and Bunge collaborated to acquire a 20.0% stake each in SeedcorpHO, with the aim to expand their market reach in Brazil and offer integrated solutions to farmers. Rice Tec Inc. also launched its first medium-grain hybrid, RT3202, which is specifically produced for the southern U.S. market. Another significant development was the partnership between Bayer and RAGT Semences to develop high-potential hybrid wheat seeds to promote sustainable agricultural practices in Europe. 'Monsanto (US)', 'Syngenta (Switzerland)', 'DuPont Pioneer (US)', 'Dow AgroSciences (US)', 'Bayer CropScience (Germany)', 'BASF (Germany)', 'AgReliant Genetics (US)', 'WinField Solutions (US)', 'Limagrain (France)', 'Land O'Lakes (US)', 'KWS Saat (Germany)', 'Sakata Seed Corporation (Japan)', 'Groupe Limagrain Holding (France)', 'Rijk Zwaan Zaadteelt en Zaadhandel (Netherlands)', 'Takii & Co., Ltd. (Japan)', 'Nufarm (Australia)', 'Seed Co Limited (Zimbabwe)', 'Johnny's Selected Seeds (US)', 'Harris Seeds (US)', 'Barenbrug Holding B.V. (Netherlands)'

The seeds market in the Americas is expected to grow at a significant rate due to various drivers. The increasing demand for food due to population growth, rising disposable incomes, and changing dietary preferences is one of the key drivers of the market. As the population increases, the demand for food also increases, which creates a need for more efficient and productive agricultural practices.

The Americas seeds market is witnessing several key trends that are shaping the industry. One of the key trends is the growing demand for organic and non-GMO seeds, which is driven by increasing consumer demand for healthy and sustainable food products. As a result, seed companies are investing in the development of new varieties of organic and non-GMO seeds to meet this growing demand.

North America is the dominant market for seeds due to the presence of major seed companies and the adoption of advanced farming practices. The US and Canada are the key contributors to the growth of the North America seeds market. The US market is driven by the high demand for corn, soybean, and wheat seeds, along with the increasing adoption of genetically modified seeds. Canada is witnessing growth due to the increasing demand for canola and soybean seeds. The North American market is expected to witness further growth due to the increasing focus on sustainable agriculture practices and the development of new seed technologies. Latin America is expected to witness significant growth due to the increasing demand for food and the adoption of modern farming techniques. Brazil is the largest market in the region, driven by the high demand for soybean and corn seeds.

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Americas Seeds Market

Report ID: SQMIR30H2074

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