Sorghum Seed Market is Expected to Show a Significant Growth During the Forecast Period 2019 – 2023

Posted on 2020-05-29 by researchinsights in Agriculture // 0 Comments

29th May 2020 – Global Sorghum Seed Market is predicted to witness substantial growth in the forecast period due to increasing benefits in alcoholic drinks. sorghum is a type of flowering plant, belonging to the grass family ‘Poaceae’. It is a major food crop in Africa (known as Guinea corn) and India (jowar, jonna, or cholam) with several variety and applications including grain sorghums used in food, broomcorn for making brushes and brooms, and grass sorghums used in the making of grown for fodder.

Similarly, sorghum seed is used for human consumption and for livestock (pigs, cows, and birds). It is an important crop for the farmers since it offers molasses due to high sugar content, avoids dryness in the lower sorghum leaves on plant maturity, and is capable of growing in low arable soil where cereals cannot grow. It contains good amount of nutrition with higher unsaturated fats, fiber, protein, and minerals, such as potassium, phosphorus, and calcium for human consumption.

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The driving factors of sorghum seed industry comprise increasing use of sorghum seeds as biofuel, increasing investment by economies across the globe for the development of the industry, increasing private investment due to higher rate of return, growing demand from the China, increasing demand for sorghum seeds on the global scale that ultimately motivates crop producing economies to enlarge their business, and rise in demand for livestock. However, changing consumer preferences and growing industry of the cheaper substitutes like corn is one of the major obstacle witnessed in the domain. Furthermore, increasing preference for flex fuel vehicles, requiring biofuel along with rising adoption for forage fuels the demand for sorghum seeds.

Increasing ethanol production due to gluten free and cost effective nature and increasing demand for alcohol containing sorghum are few trends observed in the domain. Besides, huge difference between import prices and local prices is an opportunity for producers to invest in the domain.

Leading Players Analysis covered in these report

Advanta Seeds
Monsanto
KWS
Nufarm
Dupont Pioneer
Chromatin
Dyna-Gro Seed
Proline
Heritage Seeds
Allied Seed
Sustainable Seed Company
Blue River Hybrids
Safal Seeds & Biotech
Seed Co Limited

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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Sorghum Seed in these regions, from 2012 to 2023 (forecast), covering

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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