The United States produces 40% of worlds harvest. The US corn seed market is reported to be the largest global market in terms of value. As of 2010, the maize planted areas for all purposes in US was estimated at 35 million hectares (87.9 million acres).
US, China, Japan and India are the major consuming countries for commercial seed market for corn. North America led by United States, is established itself as the most important region for global corn seed trade. Over the past decade, US corn seed market has been growing in quantity and value. While US is the major corn seed exporter, Italy, Mexico, Canada, France, and Spain are the largest importers of U.S. corn seed.
The new developments in genetic engineering specifically for corn has resulted in desired changes for better yield and quality. The genetically customized and technologically developed crops across the world has supported the seed market growth in past few years. Lower commodity prices have impacted value growth within the see market, particularly for corn seeds. The reduced maize areas in the United States and Brazil is likely to impact the global market for seeds in term of growth pace. As one of the recent developments, seed companies begin to plan their inventories more than a year before they are sold.
The global corn seed industry is not consolidated as the agrochemical sector yet; however, growers choice is growing as the stacked trait varieties of crops is increasing. The global seed industry for corn remains fragmented due to market size and major player influences. Seed companies are investing more resources into research and development to strengthen their progress in major markets. Dupont, Dow AgroSciences, Advanta Seeds, Syngenta and Monsanto are the some of the largest global players for corn seed. Through high investments in plant breeding programs, Dow AgroSciences has captured a greater share of the North and South American corn seed market.