LONDON–(BUSINESS WIRE)–Jan 14, 2020–
The seeds market in the US is poised to grow by USD 12.28 billion during 2019-2023, progressing at a CAGR of almost 9% during the forecast period. Request Free Sample Pages
Technavio has announced its latest market research report titled seeds market in US 2019-2023. (Graphic: Business Wire)
Read the 108-page research report with TOC on “Seeds Market in the US Analysis Report by Product (GM seeds and Conventional seeds), by Crop Type (Grain seeds and oilseeds, Fruits and vegetable seeds, and Other seeds), and Segment Forecasts, 2019 – 2023”.
The increasing government support through farm subsidies and financial aid along with rising prominence of digital technology in agriculture are factors anticipated to boost the growth of the market.
The demand for seeds in the US is increasing due to increase in government policies and initiatives to promote the adoption of agriculture. The US government provides farm subsidies and financial aid to minimize the financial impact caused by challenges such as supply-demand disruptions and unfavorable weather. For instance, the US emphasizes on programs such as commodity support, crop support, nutrition assistance, and conservation through farm laws implemented through a legislative process every 5 years. Such initiatives continue to encourage farming and are expected to drive market growth during the forecast period.
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Major Five US Seeds Market Companies:
BASF SE is headquartered in Germany and operates the business under various segments such as Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions, and Other. The company offers vegetable seeds under the brand name, Nunhems.
Bayer AG is headquartered in Germany and offers products through the following business units: Pharmaceuticals, Consumer Health, Crop Science, and Animal Health. The company offers a range of fruits and vegetable seeds under its subsidiary, Monsanto.
Corteva Inc. is headquartered in the US and operates under various business segments, namely Seed, Crop Protection, and Digital service solutions. The company offers a range of grain seeds, oilseeds, and forage seeds under the brands, Pioneer and Mycogen Seeds.
Groupe Limagrain Holding is headquartered in France and offers products through the following business segments: Seeds and Integrated cereal chains. The company offers a range of fruit seeds, vegetable seeds, flower seeds, grain seeds, and oilseeds.
Syngenta Crop Protection AG
Syngenta Crop Protection AG is headquartered in Switzerland and offers products through the following business segments: Crop Protection, Seeds, and Flowers. The company offers a range of vegetable seeds, grain seeds, and oilseeds.
Seeds Market in the US: Crop Type Outlook (Revenue, USD Million, 2019 – 2023)
- Grain seeds and oilseeds
- Fruits and vegetable seeds
- Other seeds
Seeds Market in the US: Product Outlook (Revenue, USD Million, 2019 – 2023)
- Genetically modified (GM) seeds
- Conventional seeds
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INDUSTRY KEYWORD: AGRICULTURE NATURAL RESOURCES
SOURCE: Technavio Research
Copyright Business Wire 2020.
PUB: 01/14/2020 04:30 AM/DISC: 01/14/2020 04:30 AM
Copyright Business Wire 2020.