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North America Corn Seeds Market By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecast 2022 to 2027.

Published: March, 2023
ID: 5003
Pages: 145
Formats: report pdf report excel report power bi report ppt

North America Corn Seeds Market Size, Growth, Trends and Forecast:

North America Corn Seeds Market size was around USD 14.52 billion in 2021. It is expected to grow at a CAGR of 7.5% to reach USD 16.39 billion by 2026. It captures 45% of the global market.

After wheat and rice corn is the third largest planted crop worldwide. Though it is an important food crop it is often utilized and traded as a feed crop. It is grown in temperate, tropical and sub-tropical regions of the world.

Drivers and Restraints of North America Corn Seeds Market:

The yield and quality of corn have improved considerably through genetic engineering which is a primary driver of this market. Advance planning by major players in the market regarding stockpiling based on demand and supply conditions augurs well for robust market growth in the aforementioned forecast period.

Lower commodity prices have adversely impacted the market making it the primary restraint of market growth. Reduced land under corn acreage especially in US and Brazil is a secondary factor constraining the growth of this market.

Geographical Analysis:

By geography, the market is segmented into the US and Canada. US is the major corn-producing nation in the world. North America closely is the largest corn seed market, commanding nearly 65% (jointly with Latin America) of the market share. The US reaps 40% of the world’s harvest, and it is the largest market worldwide in terms of value. In 2010, the maize acreage in the US was approximately 35 million hectares. US, is the primary consuming nation of corn. North America is the most important region for corn seed trade worldwide. Italy, Mexico, Canada, France, and Spain are the largest importers of U.S. corn seed respectively.

Major Key Players:

Key players in the market include in to 

  • Monsanto
  • DuPont Pioneer
  • Syngenta
  • Bayer CropScience

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