CLEVELAND, Jan. 16, 2020 /PRNewswire/ — The volume of field crop seeds planted in the US is forecast to see marginal annual declines through 2023, according to Field Crop Seeds: United States, a report recently released by Freedonia Focus Reports. Declines reflect the negative impact of the US-China trade war. In particular, some farmers are expected to shift out of soybeans and into corn, which features a lower seeding rate than soybeans. However, innovations in seed genetics will continue to boost crop yield per acre by enabling farmers to plant more seeds per acre without the detrimental effects of overcrowding, particularly among corn seed varieties.
The volume of corn seed planted is forecast to increase 1.9% per year through 2023, the fastest pace of any discrete segment. Advances will reflect low returns on soybeans and the suitability of bioengineered corn varieties to almost every US growing environment.
These and other key insights are featured in Field Crop Seeds: United States. This report forecasts to 2023 US field crop seed planted in metric tons. Total volume is segmented by crop in terms of:
- other crops including barley, canola, flaxseed, millet, oats, peanuts, rye, sorghum, and sunflower
To illustrate historical trends, total volume and the various segments are provided in annual series from 2008 to 2018.
Excluded from the scope of this report are non-field-crop seeds, such as those used to produce cover crops, flowers, grass, and produce (e.g., fruits and vegetables). Beans and tree nuts are also excluded.
More information about the report is available at:
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Healthcare & Biotechnology reports can be purchased at Freedonia Focus Reports or MarketResearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study