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US Seed Market Driven by Fuel Production, Demand for Animal Feed and Increasing Demand of Fruits and Vegetables Along With Organic Products: Ken Research

Jun 12, 2019 at 12:39 PM CST

GURUGRAM, India, June 12, 2019 /PRNewswire/ -- US Seed industry is expected to register a CAGR of 1.8% in upcoming years. Huge consolidation in the market has reduced the number of major players in the US Seed market to less than five. In future, it is less likely that more consolidation may happen among the existing top players. Many new traits and seed varieties are under development and are expected to be launched in the next five years. Companies are expecting to save million in cost synergy as part of merger. BASF which acquired the seed business of Bayer is expected to become a significant player in the US seed industry as it has managed to acquire many important licenses from Bayer. Demand for organic and non GMO seeds are expected to rise and being sold at premium considering the rising demand for organic vegetables and other food products.