Market Trends of north america seed Industry
The United States accounted for the largest area under cultivation land in North America due to the availability of vast areas of arable land and favorable government policies
- The North American agricultural land is characterized by its vast area of arable land, diverse climatic zones, and advanced farming techniques. The cultivation of row crops plays a major role in meeting the region's increasing demand for food, feed, and industrial raw materials. The region not only produces for domestic consumption but also contributes significantly to global agricultural trade. As a result, the total acreage of row crops in the region increased by 0.5% between 2017 and 2022, reaching 131.9 million ha. The United States is the largest agricultural producer in North America. It has a total agricultural land area of over 113.9 million ha, with around 112.7 million ha used for row crops in 2022. This is because the country's agricultural policies, including subsidies and support programs, encouraged large-scale farming.
- In 2022, corn accounted for the major share of 34.6% of the North American row crops acreage. This is because the climate in many parts of North America, particularly the Midwest region of the United States, is highly suitable for corn cultivation. Additionally, the stability of the corn market, combined with its consistent demand, makes it an attractive option for many North American farmers. As a result, the acreage for corn is estimated to reach 52.1 million ha in 2030.
- Soybeans accounted for the second largest acreage in North America, with a share of 28.5% of the overall region's row crop cultivation area in 2022. This is because of the high demand for soybeans in the region from processing industries to make soybean oil, tofu, soy milk, and protein isolates, providing a stable market for growers. The favorable government policies and stable demand for row crops in the domestic market are estimated to drive the acreage in the region.
Understand The Key Trends Shaping This Market
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Peas are the major vegetable crop cultivated in the region due to their high demand from food processing industries and daily consumption
- Increasing demand for fungal and viral disease-resistant Brassicaceae seeds in the region
- Seeds resistant to viral and fungal diseases and long shelf-life traits are driving the tomato and onion seed market
- Transgenic breeding is highly used in North America due to the high approval rates of genetically modified organisms and advancements in breeding technology
- Rising adoption of disease-resistant alfalfa and cotton seeds due to their high demand for resistance to diseases such as wilts and RKN (Root Knot Nematode)
- Increasing usage of disease resistant and wider adaptability traits are driving the growth of grain seed market in the region
- Growing adoption of the disease resistant and drought tolerant seeds for wheat and soybean in the region
