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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
North America Seeds Market Growth
The growth of North America seeds market is being fuelled by the rising world population, which is expected to reach 9 billion by 2050, as per recent FAO reports. The rapid population growth has raised the demand for food grains and vegetable seeds, thereby impacting market growth. Further, the growing awareness about balanced diet consumption and concerns over nutritional deficiency in major developed and developing economies can also increase the North America seeds market value. To meet the rising demands of vegetable and cash crops in North America, major seed manufacturers in the US, namely, Bayer, Corteva, Syngenta, and BASF, are expanding their supply chain of conventional and genetically modified seeds.
Furthermore, in 2022, a large portion of soybean fields in the United States was planted with Xtend and Enlist trait varieties, which help soybeans manage broadleaf weed growth and thus, providing a better yield. Similarly, in 2023, Bayer AG launched Genuity SmartStax Pro corn seeds on an initial 40,000 acres of land, which provided additional protection against corn rootworm, an insect pest which affects about 12 million hectares of US maize crop area. These efforts have contributed to the growth of the seeds market in the region.
Government of the US has also been working to increase the North America seeds market revenue through startups. The recently introduced Small Business Innovation Research and Small Business Technology Transfer programs are major steps in this direction. These award-based incentives have encouraged entrepreneurs to invest in R&D of trending seed technologies to further drive the growth of the market in North America.
North America Seeds Market Report Snapshots
North America Seeds Market Size
North America Seeds Market Growth
North America Seeds Market Share
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 19.49 billion.
The North America seed market is estimated to grow at a CAGR of 4.70% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of USD 29.47 billion by 2032.
The increasing global population, rising demand of food supplies, and changing food consumption pattern owing to greater awareness on fresh and balanced diets are the major drivers of the market.
Key trends aiding market expansion include the introduction of genetic engineering technologies, introduction of efficient crop protection methods, and diversification of markets with the increasing number of startup establishments.
The countries included in the report are United States and Canada.
Based on crop type, market segmentations include row crops and vegetable seeds. Row crops are further segmented into fiber crops, forage crops, grains and cereals, oil seeds, and pulses. Vegetable segment is bifurcated into brassicas, cucurbits, roots and bulbs, Solanaceae, and unclassified vegetables.
North America is leading in seed treatment and genetic modification technologies across the world.
The major players in the market are BASF SE, Bayer AG, Corteva Inc., DLF Seeds A/S, Syngenta AG, Groupe Limagrain Holding, KWS SAAT SE & Co. KGaA, Sakata Seed Corporation, UPL Ltd. (Advanta US), Rijk Zwaan Zaadteelt en Zaadhandel B.V., and Takii & Co., Ltd. among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124