North America Seeds Industry - Growth, Trends and Forecasts (2017 - 2022)
The North America Seed Industry was valued at an estimated USD XX billion in 2015, serving the farmers mainly in grains and cereals, fruits and vegetables, oil crops and forage crops. The industry is expected to reach USD XX billion by 2020 and is estimated to register a CAGR of XX% during the forecasted period, from 2015 to 2020. North America is the largest commercial seed market, accounting for more than 30% of the global market share. The North American seed industry has changed dramatically over the past few decades by widespread mergers and acquisitions, rapid R&D growth and, biotechnology advancement and adoption.
With the advancement in biotechnology the North American seed industry has become innovative and is providing solutions to the farmers against various environmental conditions like drought, salinity, disease stress and other factors affecting the yield and production of various crops. In the coming years, the seed companies will continue to invest in techniques like genetic engineering, marker assisted breeding along with traditional breeding for improvement of existing traits and development of novel traits.
The major factors driving the industry include the rising demand for animal feed, increasing usage of biofuels, growing demand for grains, oil and vegetables and rapid adoption of biotech crops. However, this market faces certain constraints like rising public concerns over safety of GM products, years involved in development of new traits in seeds and decline in international vegetable and fruit seed trade. Consolidation of the seed market is one of the major restraints for the North American seed industry.
In this report, the market has been broadly segmented into non-GM/hybrid seeds, GM seeds and varietal seeds. GM seeds are further divided by trait type into herbicide tolerant seeds, insect resistant seeds, abiotic stress resistance seeds and other seeds with stacked traits. By crop type, the industry is segmented into grains and cereals (maize, rice, wheat, and sorghum), oil seeds (soybean, sunflower, cotton, canola and rapeseed), vegetables (solanaceae, cucurbit, root and bulbs, brassica and others) and other seeds. Maize forms the largest segment of the North American seed market, accounting for XX% of the market share. In North America, US only accounts for more than 90% of the market share. However, Mexican seed industry is forecasted to be the fastest growing in the region. In 2015, US seed market was dominated by corn among cereals and soybean among oilseeds.
The industry is highly concentrated and the most innovative companies are well positioned in the market. In 2014, DuPont and Monsanto dominated the North American market with 70% of the corn seed business and 60% of the soybean seed business. It has been observed that during 2014 the market share of Monsanto for corn and soybean has increased, while DuPont shares slipped. Other than Monsanto and DuPont, companies dominating the market includes Syngenta, Groupe Limagrain, Land â€˜O Lakes, KWS AG, Bayer Crop Science, Sakata, Takii and DLF-Trifolium.
Key Deliverables in the Study
Market analysis for the North America seed industry, with region specific assessments and competition analysis.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market.
Extensively researched competitive landscape section with profiles of major companies along with their market shares.
Identification and analysis of the macro and micro factors that affect the North American seed industry.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions in which this industry is blooming and identification of the regions that are still untapped.