(Food-Beverage-News.Com, May 15, 2017 ) Market Data Forecast recently published a report on the “North America Seed Market” which estimates the market to grow from USD 23.30 billion from 2016 to USD 37.03 million with a high CAGR of 9.80%.
The Seed market is progressing at a significant rate due to the growing demand for feed and food and rapid fall of the arable land. High yielding cultivars/seeds along with crop protection fertilizers and products are being used to achieve ideal utilization in this sector.
Farmers bank on the seed industry delivers seeds that help decrease the cost of the production and bring high yields. The global concerns about pollution are driving the increase in the use of biofuels. Biofuels offer several advantages when compared to fossil fuels in terms of decreasing pollution, which is one of the key reasons of governments taking up initiatives to produce biodiesel.
The DROC Analysis contains some of the factors that have major effects on the market dynamics be it positive or negative. Few factors analyzed in the section are the increasing consumption of animal fodder, rising population, and growing need for commodities such as vegetable oil are the driving North America Seed Market. Biofuels is another factor that is driving the market in this part of the world. Increasing public concerns over the safety of GM products, consolidation of the seed market, and decline in the international vegetable and fruit seed trade are the major factors constraining the growth of the North American seed industry.
The products are segmented based on Crop Type and Seed Trait and studied for a deep-level understanding of the Seed Market. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.
Based on Crop Type: Oilseed o Soybean o Sunflower o Cotton o Canola
Grain seed o Corn o Wheat o Rice o Millet crops
Fruit & Vegetable o Tomato o Melon o Carrot o Onion o Pepper o Lettuce
Other seeds o Alfalfa o Turf o Clover & forage plants o Flower seed
Based on Seed Trait: Herbicide Tolerant Insect Resistant Other Stacked Traits
The North America market has been geographically segmented into segmented into US and Canada. The USA leads the market in this region with a share of almost 80%. The North America market is focused on innovating cost-effective techniques and is very modern. Companies are committed to quality, sourcing, and research, factors that are central to the success of the industry.
As per the report, companies like Dow AgroSciences LLC, DuPont, Monsanto, Syngenta, AG,Land O’Lakes Inc., and Bayer Crop Science. Key strategies such as investments in R&D are being employed by major companies to meet the growing Seed demand.
Existing companies such as Monsanto and Syngenta have been actively involved in the accession of regional players to strengthen their market presence. Key strategies such as investments in R&D are being employed by major companies to meet the rising Seed demand.
Scope of the North America Seed Market: •Regional and country-level analysis that provides an innate perspective of USA and Canada Market to that of the North American region
•To detect major focus areas of industrial growth Segment-level analysis on basis of Type, Product, Application and End user along with market size forecasts and y-o-y estimations are provided
•Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
•PESTLE and Porter’s Five Forces Analyses that examine the macro & micro environmental factors such as political influence, technological prowess, industry rivalry to name a few.
•An extensive listing of major market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment
•Mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies all rolled out into Competitive landscape
•Expertly devised Market Outlook comprising the Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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