Product ID: SQMIR30H2074
Americas Seeds Market Size, Share, Growth Analysis, By Type(Conventional and Genetically Modified Seeds), By Crop Type(Cereals And Grains, Oilseeds and Pulses), By Sales Channel(Direct Sales and Distribution) - 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.
Americas Seeds Market Report Snapshots
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