Navigation Links
GM Soybean Seed Production in the US Industry Market Research Report Now Available from IBISWorld

Los Angeles, California (PRWEB) September 19, 2013

The Genetically Modified (GM) Soybean Seed Production industry has grown tremendously during the five years to 2013, with revenue expected to increase an average 9.4% per year. “Regulations that support environmental preservation and US energy independence have underpinned demand for biofuel,” according to IBISWorld industry analyst Nikoleta Panteva. Following corn, soybeans are the largest domestic crop used in organically derived fuel. As such, the Energy Policy Act of 2005 and the Energy Independence and Security Act of 2007 have created a rush of downstream demand. From 2008 to 2013, demand from the Organic Chemical Manufacturing industry (IBISWorld report 32519) has grown at an annualized rate of 2.4% during the five-year period.

However, just as regulations have boosted GM Soybean Seed Production industry performance, they have stifled growth as well. “Consumer distaste for genetically engineered crops has put several measures on the ballot, making it more difficult for GM seed companies to expand their operations,” says Panteva. On the back of weak demand from food processors, industry revenue is expected to be subdued in 2013, growing an anemic 0.8% to $1.6 billion.

During the past five years, imports have also threatened the industry. As the value of the dollar has grown, imports have become relatively inexpensive domestically. As a result, the value of imports are expected to have grown at an average annual rate of 13.3% to $200.0 million. Meanwhile, export markets have dried up as US soybean seeds have become comparatively expensive on the international market; exports have fallen at an estimated annualized rate of 5.6% to $24.1 million.

The GM Soybean Seed Production industry has a high level of market share concentration. Concentration is not expected to change significantly during the next five years. Due to their size and desire to hold a larger share of the market, DuPont and Monsanto will likely acquire smaller companies to expand operations and geographic presence just as they had in the past five years. Garst Seed Co. is another major player in this industry.
The GM Soybean Seed Production industry is forecast to continue on its upward path, growing during the five years to 2018. Demand from biofuel producers will continue to drive revenue growth as renewable fuel standards grow. Moreover, demand from developing economies will also support export growth. Still, consumers' demand for organic food will continue to stifle the industry's opportunities, resulting in slightly subdued growth during the outlook period.

For more information, visit IBISWorld’s GM Soybean Seed Production in the US industry report page.

Follow IBISWorld on Twitter:!/IBISWorld
Friend IBISWorld on Facebook:

IBISWorld industry Report Key Topics

Establishments in this industry manufacture genetically modified (GM) seeds and supply them to farming industries, ranging from corn growers to horticultural producers.
Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit or call 1-800-330-3772.

Read the full story at

Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Soybeans soaked in warm water naturally release key cancer-fighting substance
2. UCSB scientists examine effects of manufactured nanoparticles on soybean crops
3. Mushroom-supplemented soybean extract shows therapeutic promise for advanced prostate cancer
4. Young pigs prefer traditional soybean diet
5. Climate Change May Cut Cows Milk Production in South
6. Study Uses Stem Cells to Boost Red Blood Cell Production
7. Alzheimer protein seems to slow down neurotransmitter production
8. New form of brain plasticity: Study shows how social isolation disrupts myelin production
9. Benefit6 Whole Body Protection, a New Product by I Do Strive LLC, Provides Increased Energy Production According to Recent Studies
10. Tellurex Corporation Launches Production of its Alternative Energy Thermoelectric Power Generator - tPOD1™
11. Dreamcloud Productions Says New Sound-Reducing Sleep Mask May Be World’s Best Sleep Aid
Post Your Comments:
(Date:10/13/2017)... ... ... PurhealthRX , a leading Health and Nutrition Company, is announcing the ... spectrum CBD oil will revolutionize the rapidly growing CBD market by reducing the amount ... into liquid products, while reducing costs to end users. , The team of researchers ...
(Date:10/13/2017)... QUEENS, N.Y (PRWEB) , ... October 13, 2017 , ... ... recently became a member of ElderCounsel, a national organization of elder law and special ... constantly changing laws and rules. It also provides a forum to network with elder ...
(Date:10/13/2017)... ... October 13, 2017 , ... Many families have long-term insurance that covers ... companies have a waiver for care if the client has a cognitive impairment diagnosis. ... pays for care, is often waived, so the benefits from their insurance start immediately,” ...
(Date:10/13/2017)... York, NY (PRWEB) , ... October 13, 2017 , ... ... influential people in business to advocate for action towards gender equality at their inaugural ... views from around the globe, and reached a social audience of over 3 million. ...
(Date:10/13/2017)... ... , ... Yisrayl Hawkins, Pastor and Overseer at The House of Yahweh, has ... least understood books in the Holy Scriptures, Revelation. The Book of Revelation paints a ... centuries. Many have tossed it off as mere rubbish, but Yisrayl Hawkins says that ...
Breaking Medicine News(10 mins):
(Date:10/7/2017)... , Oct. 6, 2017   Provista, a ... than $100 billion in purchasing power, today announced a ... information. The Newsroom is the online home ... trends, infographics, expert bios, news releases, slideshows and events. ... to a wealth of resources at their fingertips, viewers ...
(Date:10/4/2017)... 4, 2017  According to the Centers for Disease Control and Prevention ... . PhysicianOne Urgent Care is helping communities across Massachusetts ... , by offering no-cost* flu shots through the end of the month. ... health insurance regulations. ... to get a flu shot is by the end of October, according ...
(Date:10/2/2017)... Lilly and Company (NYSE: LLY ) will ... 2017 on Tuesday, October 24, 2017. Lilly will also ... investment community and media to further detail the company,s ... at 9 a.m. Eastern time. Investors, media and the ... conference call through a link that will be posted ...
Breaking Medicine Technology: