Sorghum Seed - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Sorghum Seed Market is accounted for $1,103.42 million in 2018 and is expected to reach $1,741.33 million by 2027 growing at a CAGR of 5.2% during the forecast period. While the factors like increase in sorghum seed in daily diet, and rising demand for sorghum seeds in the Chinese market are driving the growth of the market. However, increased competition from substitutes coupled with changes in customer preferences is hampering the market growth.
Sorghum is a cereal grain that grows tall like corn, and it is used for a lot more than just sweetening. In United States, sorghum is used as livestock feed for birds, pigs, and cows and turned into ethanol. Sorghum is beneficial for farmers because it is able to provide molasses, as sorghum seeds have higher sugar content. They also help farmers because the lower leaves of sorghum do not dry when the plant matures. Sorghum seeds can grow in very poor soils where maize, rice and other cereals cannot grow. Sorghum seeds offer several benefits. It is a good source of dietary fiber, maintains bone strength, and averts anemia by helping in circulation of blood.
Based on product, forage sorghum seed is likely to have a huge demand due to rising demand for dairy products, high demand from farmers for cattle to produce high-quality milk, green chop, and hay production. By geography, North America is likely to have a huge demand due to high demand for sorghum seeds. This demand is due to increased used of sorghum in ethanol production.
Some of the key players in Global Sorghum Seed market include DuPont Pioneer, Advanta Limited, La Crosse Seed, LLC, Chromatin, Inc, Allied Seed LLC, Dow AgroSciences LLC, Bayer CropScience SE, Hancock Farm and Seed Company, Sustainable Seed Company, KWS SAAT SE, Corteva Agriscience, Nuseed (Nufarm Australia Limited), Groupe Limagrain, Alta Seeds, Pannar Pty Ltd, and Seed Co Limited.
• Grain Sorghum Seed
• Forage Sorghum Seed
• Sweet Sorghum Seed
• Biomass Sorghum
• Open-Pollinated Varieties
• Sorghum Planting
• Sorghum Breeding
• Laboratory Research
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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