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The Americas Seeds Market size is expected to reach USD 11.27 billion by 2030, registering a CAGR of 8.1% from 2023 to 2030 according to a new report by Grand View Research, Inc. The growing population and the resultant increase in demand for the grains used in staple food products are driving the demand growth in the market. Increasing government initiatives to provide monetary and technical support to local farmers is also expected to drive product demand during the forecast period.
Supportive government regulations and increasing funding in emerging and developing economies such as Peru and Paraguay are further expected to propel the agriculture sector in the forecast period, in turn having a positive impact on the seeds market. Automation of commercial greenhouses and rising implementation of the controlled environment agriculture (CEA) concept in greenhouses, in a bid to obtain a higher yield and maintain optimum growing conditions, are the key factors anticipated to drive demand during the forecast period.
Among crop types, soybean dominated the seeds market in 2022, in terms of revenue. Increasing demand for plant-based protein meals and the growing trend of veganism are driving the demand for soybean in the region. The high adoption of soybean in sports nutrition is further propelling the market growth. Increasing use of soy-derived products in processed and baked goods owing to their favorable nutritional attributes is fueling market growth. Rising demand for wheat protein as a meat substitute to produce tempeh and seitan is projected to drive demand for wheat during the forecast period.
The growing need for increasing the quality and yield of crops is driving the demand for GMO seeds. Increasing R&D and investments by the companies to introduce better varieties of GMO seeds in the market is further expected to propel the product demand. However, the popularity and adoption rate of conventional seeds is high among small farmers owing to their low prices compared to GMO seeds.
Strategic initiatives by the major players in the Americas seeds market such as RiceTec Inc., Bayer AG, Advanta Seeds, Corteva Agriscience, BASF SE, and Lima grain are expected to contribute to the market growth. These companies are focusing on expanding their operating strategies to increase their domestic and international presence and cater to the growing demand for seeds.
Related Press Release@ Americas Seeds Market Report
List of Key Players in Americas Seeds Market
Americas Seeds Market Report Highlights
Related Reports
Organic Edible Nuts And Seeds Market
Americas Seeds Market Segmentation
Grand View Research has segmented the Americas seeds market based on the type, trait, crop type, and region:
Americas Seeds Type Outlook (Revenue, USD Million; 2017 - 2030)
Americas Seeds Trait Outlook (Revenue, USD Million; 2017 - 2030)
Americas Seeds Crop Type Outlook (Revenue, USD Million; 2017 - 2030)
Americas Seeds Regional Outlook (Revenue, USD Million; 2017 - 2030)
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