Seed is a matured ovule of a plant containing embryo or rudimentary plant. For the growth of the plant, farmers can include tubers, bulbs. Seed is the hard part of a plant from which a new plant can grow. Seed is a method of reproducing, multiplying, or breeding new plants. These are very useful in safeguarding crops against various insects, pests, and diseases in a cost-effective way.
North AmericaSeed Market size is projected to reach 37.6 Billion by the end of 2024 with a CAGR of XX% during the forecast period. Key Parameters promoting the market growth include rising adoption of biotech crops across the world, increase in usage of biofuels and animal feeds, necessity to increase food production, increasing acceptance and area under cultivation of GM Crops, decreasing per capita Farmland, growing demand for grains, oils & vegetables, increasing investments in agriculture research, and focus on high-yielding varieties.
Due to the increasing demand for food and feed and rapid decline in arable land, the seed market is growing at a significant rate. Long GM Approval Timelines and
North AmericaSeed Market is classified by type, by crop type, by traits, by seed treatment, by product, by geography. By type,theNorth AmericaSeed Market is classified as genetically modified seeds, conventional seeds.
By Crop Type, these are classified as Oilseeds, cereals & grain seeds, fruits & Vegetables. Grain Seed segment has the highest market. In Grain Seeds, Corn segment is having the most significant market share followed by soybean in oilseed segment. By Traits, these are classified as herbicide-tolerant and insecticide-resistant. By seed treatment, these are classified as treated and non-treated. By product, these are classified as Non-GM/Hybrid Seeds, GM Seeds, and Varietal Seeds. Non-GM Seeds reckon most significant market share of more than 50% followed by GM Seeds. In North America, USA is leading the market with a share of almost 78%, and it is focused on innovating cost-effective techniques.
Starting from $2700
Starting from $2700
Starting from $2700
Keep up-to-date with our weekly newsletter, Media Pulse.