Americas Seeds Market

Americas Seeds Market Size, Share, Growth Analysis, By Type(Conventional and Genetically Modified Seeds), By Crop Type(Cereals And Grains, Oilseeds and Pulses, Fruits and Vegetables, and Others), By Sales Channel(Direct Sales and Distribution), By Region - Industry Forecast 2024-2031


Report ID: SQMIR30H2074 | Region: Regional | Published Date: March, 2024
Pages: 198 |Tables: 87 |Figures: 76

Americas Seeds Market Insights

Americas Seeds Market size was valued at USD 6.22 billion in 2021 and is poised to grow from USD 6.61 billion in 2022 to USD 11.5 billion by 2030, growing at a CAGR of 8.18% in the forecast period (2023-2030).

The Americas seeds market is experiencing significant growth, primarily driven by the increasing demand for food due to population growth, changing dietary preferences, and rising disposable incomes. With the increasing population, there is a growing demand for food products in the region, which is driving the demand for seeds. Furthermore, consumers are increasingly demanding nutritious food products, which is leading to the development of new seed varieties that offer higher nutritional value. Additionally, the adoption of modern farming techniques, such as precision agriculture, is playing a key role in driving the growth of the Americas seeds market. Precision agriculture involves the use of sensors, drones, and other technologies to optimize crop yields, reduce input costs, and increase efficiency. This technique allows farmers to collect and analyze data about soil conditions, crop growth, and weather patterns, enabling them to make informed decisions about planting, fertilizing, and harvesting crops. The adoption of precision agriculture is expected to continue to grow in the Americas, supporting the growth of the seeds market.

Farmers can use herbicides more efficiently and effectively by planting herbicide-tolerant seeds, reducing the amount of labor and resources required to control weeds. The U.S. Department of Agriculture (USDA) reports that the proportion of domestic soybean acreage planted with herbicide-tolerant (HT) seeds has risen steadily over the years. In 1997, only 17.0% of domestic soybean acreage was planted with HT seeds, but by 2001, this figure had increased to 68.0%. By 2014, 94.0% of domestic soybean acres were planted with HT seeds, and this percentage remained relatively stable at 95.0% in 2021 and 2022. Furthermore, the development of genetically modified seeds is also a significant driver of the Americas seeds market. Genetically modified seeds are designed to be more resistant to pests, diseases, and environmental stressors, leading to higher crop yields and improved food security. These seeds are also designed to offer additional benefits, such as increased nutritional content, longer shelf life, and improved flavor. The use of genetically modified seeds has become increasingly popular in the Americas due to their ability to withstand harsh weather conditions and pests, leading to a reduction in crop losses and an increase in yields. Furthermore, advancements in biotechnology have made it possible to develop genetically modified seeds that are tailored to specific environmental conditions and crop requirements. As a result, the market for genetically modified seeds is expected to continue to grow in the coming years, supporting the overall growth of the Americas seeds market.

Americas Seeds Market is poised to grow at sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 6.22 billion

Largest Segment

Direct Sales

Fastest Growth

Direct Sales

Growth Rate

8.18% CAGR

Americas Seeds Market 2022-2030 ($ Bn)
Country Share for North America Region- 2021 (%)

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Americas Seeds Market Segmental Analysis

Americas Seeds Market is segmented based on type, crop type, and sales channel, and region. Based on type, the market can be further segmented into conventional and genetically modified seeds. Based on crop type, the market can be segmented into cereals and grains, oilseeds and pulses, fruits and vegetables, and others. Based on the sales channel, the market can be segmented into direct sales and distribution. Based on region the Americas Seeds Market is segmented into North America, Latin America.

Americas Seeds Market Analysis by Sales Channel

The direct sales channel dominates the Americas seeds market, accounting for the largest revenue share. This can be attributed to the various benefits offered by direct sales, such as better control over pricing, faster delivery times, and increased customer satisfaction. In addition, direct sales also provide opportunities for seed companies to establish stronger relationships with their customers and gain valuable feedback to improve their products.

However, the distribution sales channel is expected to witness the fastest growth during the forecast period. This can be attributed to the increasing demand for seeds in the region, coupled with the growing adoption of e-commerce platforms and digital technologies by seed distributors. Moreover, the distribution channel provides seed companies with wider market access and greater visibility for their products, as well as opportunities to collaborate with other stakeholders in the seed industry to promote sustainable agricultural practices.

Americas Seeds Market By Sales Channel, 2021 (%), 2023 (%)

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Americas Seeds Market Regional Insights

North America is the dominant market for seeds due to the presence of major seed companies and the adoption of advanced farming practices. The US and Canada are the key contributors to the growth of the North America seeds market. The US market is driven by the high demand for corn, soybean, and wheat seeds, along with the increasing adoption of genetically modified seeds. Canada is witnessing growth due to the increasing demand for canola and soybean seeds. The North American market is expected to witness further growth due to the increasing focus on sustainable agriculture practices and the development of new seed technologies. Latin America is expected to witness significant growth due to the increasing demand for food and the adoption of modern farming techniques. Brazil is the largest market in the region, driven by the high demand for soybean and corn seeds.

Argentina is another key market in the region, driven by the high demand for soybean and wheat seeds. The Latin America market is also witnessing the increasing adoption of genetically modified seeds, which are designed to increase crop yields and reduce the need for pesticides and herbicides. However, the market is also facing challenges due to the lack of proper infrastructure and the high cost of seed production.

Americas Seeds Market By Geography, 2022-2030, 2024-2031
  • Largest
  • Fastest

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Americas Seeds Market Dynamics

Americas Seeds Market Drivers

  • The seeds market in the Americas is expected to grow at a significant rate due to various drivers. The increasing demand for food due to population growth, rising disposable incomes, and changing dietary preferences is one of the key drivers of the market. As the population increases, the demand for food also increases, which creates a need for more efficient and productive agricultural practices.
  • Another major driver of the seeds market is the adoption of modern farming techniques, such as precision agriculture. Precision agriculture involves the use of sensors, drones, and other technologies to optimize crop yields, reduce waste, and improve efficiency. This approach allows farmers to make data-driven decisions and improve their productivity while minimizing their environmental impact.
  • The development of genetically modified seeds is also a key driver of the seeds market. Genetically modified seeds are designed to be more resistant to pests, diseases, and environmental stressors. They can also be engineered to have specific traits that enhance their nutritional value or other desirable characteristics. The increasing adoption of genetically modified seeds by farmers is expected to drive the growth of the seeds market in the Americas.

Americas Seeds Market Restraints

  • The Americas seeds market faces several restraints that can hinder its growth. One of the primary restraints is the stringent regulations and policies related to genetically modified crops. The regulatory framework is different in different countries, and obtaining approvals for genetically modified crops can be a lengthy and expensive process. This can deter small and medium-sized seed companies from entering the market, limiting competition and innovation.
  • Another significant restraint is the increasing concerns regarding the environmental impact of farming practices. The use of pesticides and fertilizers can result in soil degradation, water contamination, and adverse effects on biodiversity. This has led to the adoption of sustainable agriculture practices, such as organic farming and integrated pest management, which require more significant investments and expertise. The higher costs of sustainable agriculture practices can deter farmers from adopting them, especially in developing countries where small-scale farmers dominate the sector.

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Americas Seeds Market Competitive Landscape

The Americas seeds market is highly competitive, with the presence of several regional and international players. The market is characterized by intense competition, with players focusing on product differentiation, innovation, and partnerships to gain a competitive edge. Players are also investing heavily in R&D to develop new seed varieties and technologies that improve crop yields and reduce input costs. The market is witnessing increasing consolidation, with several major mergers and acquisitions taking place in recent years. In recent developments, Advanta Seeds and Bunge collaborated to acquire a 20.0% stake each in SeedcorpHO, with the aim to expand their market reach in Brazil and offer integrated solutions to farmers. Rice Tec Inc. also launched its first medium-grain hybrid, RT3202, which is specifically produced for the southern U.S. market. Another significant development was the partnership between Bayer and RAGT Semences to develop high-potential hybrid wheat seeds to promote sustainable agricultural practices in Europe.

These partnerships and collaborations in the seeds market have become increasingly common in recent years, as companies aim to expand their product portfolios, reach new markets and enhance their research and development capabilities.

Top Player’s Company Profiles

  • Dow AgroSciences (US)
  • Bayer CropScience (Germany)
  • BASF (Germany)
  • AgReliant Genetics (US)
  • WinField Solutions (US)
  • Limagrain (France)
  • Land O'Lakes (US)
  • KWS Saat (Germany)
  • Sakata Seed Corporation (Japan)
  • Groupe Limagrain Holding (France)
  • Rijk Zwaan Zaadteelt en Zaadhandel (Netherlands)
  • Takii & Co., Ltd. (Japan)
  • Nufarm (Australia)
  • Seed Co Limited (Zimbabwe)
  • Johnny's Selected Seeds (US)
  • Harris Seeds (US)
  • Barenbrug Holding B.V. (Netherlands)

Americas Seeds Market Recent Developments

  • In July 2022, Corteva Agriscience, BASF, and MS Technologies entered into an agreement to develop the next generation of Enlist E3 soybeans that include the nematode resistant soybean trait for farmers in the United States and Canada.
  • In June 2022, a new tropicalized lettuce variety named Arunas RZ was introduced, which is expected to improve the company's market share.
  • In May 2022, Syngenta Canada launched its Pelta seed pelleting technology for canola which helps optimize seed size and uniformity, leading to improved singulation planter performance.

Americas Seeds Key Market Trends

  • The Americas seeds market is witnessing several key trends that are shaping the industry. One of the key trends is the growing demand for organic and non-GMO seeds, which is driven by increasing consumer demand for healthy and sustainable food products. As a result, seed companies are investing in the development of new varieties of organic and non-GMO seeds to meet this growing demand.
  • Another key trend is the adoption of precision agriculture techniques, such as the use of drones, sensors, and other technologies to optimize crop yields. Precision agriculture is gaining traction in the Americas seeds market, as it enables farmers to maximize crop production while minimizing resource consumption, thereby reducing their environmental footprint. This trend is driving demand for high-quality seeds that are designed to perform well under precision agriculture systems, such as drought-tolerant seeds, disease-resistant seeds, and pest-resistant seeds.

Americas Seeds Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, we found that the Americas seeds market is driven by factors such as the increasing demand for food due to population growth, rising disposable incomes, and changing dietary preferences, along with the adoption of modern farming techniques such as precision agriculture and the development of genetically modified seeds that are designed to be more resistant to pests, diseases, and environmental stressors. Modern farming techniques, such as precision agriculture, are also contributing to the growth of the market by enhancing crop yields and increasing efficiency. Furthermore, the development of genetically modified seeds is improving crop yields, reducing crop loss caused by pests and diseases, and enhancing the resistance of crops to environmental stressors. Favourable government policies aimed at promoting sustainable agriculture and increasing agricultural productivity are also expected to further propel market growth.

Report Metric Details
Market size value in 2023 USD 6.22 billion
Market size value in 2031 USD 11.5 billion
Growth Rate 8.18%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Conventional and Genetically Modified Seeds
  • Crop Type
    • Cereals And Grains, Oilseeds and Pulses, Fruits and Vegetables, and Others
  • Sales Channel
    • Direct Sales and Distribution
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Dow AgroSciences (US)
  • Bayer CropScience (Germany)
  • BASF (Germany)
  • AgReliant Genetics (US)
  • WinField Solutions (US)
  • Limagrain (France)
  • Land O'Lakes (US)
  • KWS Saat (Germany)
  • Sakata Seed Corporation (Japan)
  • Groupe Limagrain Holding (France)
  • Rijk Zwaan Zaadteelt en Zaadhandel (Netherlands)
  • Takii & Co., Ltd. (Japan)
  • Nufarm (Australia)
  • Seed Co Limited (Zimbabwe)
  • Johnny's Selected Seeds (US)
  • Harris Seeds (US)
  • Barenbrug Holding B.V. (Netherlands)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Americas Seeds Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Americas Seeds Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Americas Seeds Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Americas Seeds Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Americas Seeds Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Americas Seeds Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Americas Seeds Market size was valued at USD 6.22 billion in 2021 and is poised to grow from USD 6.61 billion in 2022 to USD 11.5 billion by 2030, growing at a CAGR of 8.18% in the forecast period (2023-2030).

The Americas seeds market is highly competitive, with the presence of several regional and international players. The market is characterized by intense competition, with players focusing on product differentiation, innovation, and partnerships to gain a competitive edge. Players are also investing heavily in R&D to develop new seed varieties and technologies that improve crop yields and reduce input costs. The market is witnessing increasing consolidation, with several major mergers and acquisitions taking place in recent years. In recent developments, Advanta Seeds and Bunge collaborated to acquire a 20.0% stake each in SeedcorpHO, with the aim to expand their market reach in Brazil and offer integrated solutions to farmers. Rice Tec Inc. also launched its first medium-grain hybrid, RT3202, which is specifically produced for the southern U.S. market. Another significant development was the partnership between Bayer and RAGT Semences to develop high-potential hybrid wheat seeds to promote sustainable agricultural practices in Europe. 'Monsanto (US)', 'Syngenta (Switzerland)', 'DuPont Pioneer (US)', 'Dow AgroSciences (US)', 'Bayer CropScience (Germany)', 'BASF (Germany)', 'AgReliant Genetics (US)', 'WinField Solutions (US)', 'Limagrain (France)', 'Land O'Lakes (US)', 'KWS Saat (Germany)', 'Sakata Seed Corporation (Japan)', 'Groupe Limagrain Holding (France)', 'Rijk Zwaan Zaadteelt en Zaadhandel (Netherlands)', 'Takii & Co., Ltd. (Japan)', 'Nufarm (Australia)', 'Seed Co Limited (Zimbabwe)', 'Johnny's Selected Seeds (US)', 'Harris Seeds (US)', 'Barenbrug Holding B.V. (Netherlands)'

The seeds market in the Americas is expected to grow at a significant rate due to various drivers. The increasing demand for food due to population growth, rising disposable incomes, and changing dietary preferences is one of the key drivers of the market. As the population increases, the demand for food also increases, which creates a need for more efficient and productive agricultural practices.

The Americas seeds market is witnessing several key trends that are shaping the industry. One of the key trends is the growing demand for organic and non-GMO seeds, which is driven by increasing consumer demand for healthy and sustainable food products. As a result, seed companies are investing in the development of new varieties of organic and non-GMO seeds to meet this growing demand.

North America is the dominant market for seeds due to the presence of major seed companies and the adoption of advanced farming practices. The US and Canada are the key contributors to the growth of the North America seeds market. The US market is driven by the high demand for corn, soybean, and wheat seeds, along with the increasing adoption of genetically modified seeds. Canada is witnessing growth due to the increasing demand for canola and soybean seeds. The North American market is expected to witness further growth due to the increasing focus on sustainable agriculture practices and the development of new seed technologies. Latin America is expected to witness significant growth due to the increasing demand for food and the adoption of modern farming techniques. Brazil is the largest market in the region, driven by the high demand for soybean and corn seeds.

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Americas Seeds Market

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