NORTH AMERICA OILSEED MARKET (SEED FOR SOWING) - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

 The market for oil seeds in North America (seed for sowing) is anticipated to grow at a CAGR of 3.27%. The total acreage of oilseeds in North America was 49.1 million ha in 2021, and it is anticipated that this number would rise during the forecast period as more high-yielding hybrids become available and GM hybrids are more widely used.

Oilseeds made up 20.4% of the seed market in North America in 2021; this percentage is anticipated to rise during the forecast period.

In North America, there were approximately 36.7 million ha under hybrid oilseed farming in 2021, an increase of 1.4% from 2016. Furthermore, a positive trend is predicted for the acreage.
In terms of the area covered by open-pollinated types and hybrid derivatives in North America, the United States is the largest nation. This is due to the fact that while there are more acres of oilseeds planted overall in the United States, approximately 36.5% of all acres planted in open-pollinated oilseeds in 2021 will be in Canada.

  • In 2021, the North American region accounted for 40.1% of the global oilseeds market value. It is because the major exporting country of oilseeds is located in the region, and there is a high demand for consumption in different forms.
  • In 2021, the United States accounted for 30.8% of the global oilseed seed demand due to the high demand for consumption, a leading exporter, and high-profit margins. 
  •  In 2021, the United States was using about 90.4% of the total hybrids oilseeds segment in the region because of high yield and continued to be the leading exporter globally.
Major Players: BASF SE, Bayer AG, Corteva Agriscience, Land O’Lakes, Inc. and Syngenta Group

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