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During 2017, the overall value of the commercial seed market increased by 3.9%. Within this overall outcome, the global genetically modified (GM) seed market, which includes herbicide tolerant (HT), insect resistant (IR), and stacked trait seeds, rose and the percentage of the total GM seed increased.

During 2017 the global crop area of cotton, rapeseed and soybean increased significantly while the areas of rice, wheat and maize declined slightly.  
All companies with notable exceptions exhibited year on year sales growth. Dow’s sales were impacted during the year by strategic divestitures to mitigate concerns from regulatory bodies over the company’s merger with DuPont. 

In NAFTA, seed market growth was propelled by the increase in soybean and cotton crop areas in the US and rapeseed in Canada as well as the increased premium-priced RR Xtend area in soybeans and the shift to the Bollgard 3 trait package in cotton.

The traded seed market in Latin America in 2017 rose. This increase was positively influenced by a growing vegetable market and increased penetration of GM seeds.

In Europe, which includes EU-28 and FSU-12, the traded seed market in 2017 increased by 10.0%.

The Middle East and Africa region had a marginal decrease this year. The traded seed market value dropped; the reduction was attributable to the GM seed market which continues to grow, especially in South Africa, which saw a market value increase. 

This information was taken from the July 2018 Seed Service overview from Phillips McDougall. Market leading intelligence on the global seeds market delivered by our expert analysts. 


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