Forage Seeds - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Forage Seeds Market is accounted for $11.24 Billion in 2017 and is expected to reach $28.17 Billion by 2023 growing at a CAGR of 10.8% during the forecast period. Rise in population of livestock and rising awareness of the health reimbursement of milk and milk products are some of the key factors driving the market growth. However, lack of improved planting material and requires large investment are limiting the market growth. Technological advancement in seed genetics will provide the opportunity for the market to boom.
By crop type, grasses segment is expected to grow at a highest CAGR during the forecast period due to its long lived periodic nature, the importance in mixed agricultural system and broad adaptability. Grasses play a vital role in the balancing the chemical compounds in the feed and this product is used for feeding poultry, cattle and swine. Forage grasses include natural grasses for grazing, pasture, and hay crops. By Geography, Asia-Pacific is expected to observe the fastest growing during the forecast period owing to high demand for dairy products and animal feed.
Some of the key players in Forage Seeds Market include Monsanto, Ampac Seed Company, Allied Seed LLC, Barenbrug Holding B.V., Brettyoung, E.I. Du Pont De Nemours and Company, Land O’ Lakes, Inc., Imperial Seed Ltd., Advanta Seed Limited, DOW Agrosciences LLC, BASF SE, Northstar Seed Ltd, Dairyland Seed Co., Golden Acre Seeds and Central Garden & Pet Company.
• Other Livestock’s
• Other Types
Crop Types Covered:
• Other Crop Types
• Fresh Forage
• Stored Forage
- North America
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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