Asia-pacific Forage Seed Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

The Asia-pacific Forage Seed Market is segmented Market Snapshot , Breeding Technology ( Hybrids, Open Pollinated Varieties & Hybrid Derivatives ) , Crop ( Alfalfa, Forage Corn, Forage Sorghum ) and Country ( Australia, Bangladesh, China, India, Indonesia, Japan, Myanmar, Pakistan, Philippines, Thailand, Vietnam )

Market Snapshot

https://s3.mordorlabs.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period: 2016 - 2028
https://s3.mordorlabs.com/base%20year/1629296433432_test~base_year_base_year.svg Base Year: 2021
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Breeding Technology: Hybrids
https://s3.mordorlabs.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country: India
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: 4.88 %

Key Players

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Market Overview

The Asia-pacific Forage Seed Market stood at 761.73 million USD in 2022 and is projected to register a CAGR of 4.88% to reach 1.01 billion USD in 2028.

  • Largest Segment by Crop - Forage Corn : There has been an increase in forage corn demand from dairy farmers and the government of China and Japan is supporting to increase the production of forage corn.
  • Largest Segment by Country - India : The country is the largest consumer of Forage Cropss as feed for the animals and research activities to provide growers with better varieties have been conducted by ICAR.
  • Fastest-growing Segment by Crop - Alfalfa : The segment is the fastest growing in the Asia-Pacific region due to an increase in the demand for animal feed, high protein content, and availability of high-quality seeds.
  • Fastest-growing Segment by Country - Vietnam : The increase in the cultivation of Forage Cropss is due to the increasing demand for feed by dairy farmers as the population of cattle has increased.

Scope of the Report

Hybrids, Open Pollinated Varieties & Hybrid Derivatives are covered as segments by Breeding Technology. Alfalfa, Forage Corn, Forage Sorghum are covered as segments by Crop. and Australia, Bangladesh, China, India, Indonesia, Japan, Myanmar, Pakistan, Philippines, Thailand, Vietnam are covered as segments by Country.
Breeding Technology
Hybrids
Non-Transgenic Hybrids
Transgenic Hybrids
Herbicide Tolerant
Other Traits
Open Pollinated Varieties & Hybrid Derivatives
Crop
Alfalfa
Forage Corn
Forage Sorghum
Other Forage Crops
Country
Australia
Bangladesh
China
India
Indonesia
Japan
Myanmar
Pakistan
Philippines
Thailand
Vietnam
Rest Of Asia-Pacific

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Key Market Trends

Why is Hybrids the largest segment by Breeding Technology?

  • In Asia-Pacific, hybrid seeds dominate the forage seed market in terms of volume and value compared to open-pollinated varieties and hybrid derivatives. In 2021, hybrid forage seeds held 82.3% of the total forage market share value. ​
  • In the hybrid seed segment, non-transgenic hybrid seeds dominated the market with more than 99% of the share value in the region in 2021. This is mainly due to the large use of non-transgenic seeds compared to GMO seeds due to the perceived effects of transgenic traits on livestock and animal health.​​
  • Among the countries in 2021, India was the fastest-growing in non-transgenic forage seed production. It held a 28.7% share value in total hybrid forage seeds because of the country's increased livestock population and domestic demand.​​
  • In 2021, among the non-transgenic hybrid seeds, forage corn was the major crop, holding 74.7% share value in the market, followed by alfalfa with 9% and other forage crops. Due to huge demand, the forage corn seed market is expected to grow in the forecast period.​
  • In 2021, open-pollinated varieties and hybrid derivatives of forage seeds held approximately 21.4% share value in the market. Alfalfa leads the segment by accounting for 45% of OPV in the region. India is the fastest-growing country that holds a 37% share of the region. The lower share compared to hybrids is mainly due to low productivity.
  • Therefore, non-transgenic forage seeds under hybrid seeds dominate the market. With the aforementioned facts, the market is anticipated to grow during the forecast period. ​

Why is India the largest segment by Country?

  • In 2021, the Asia-Pacific region accounted for 16% share value of the total global forage seed market. The market has increased by 26% from 2016 to 2021 due to the increased demand for forage as feed and the increased livestock population.​
  • India is the largest consumer of forage seeds and holds a market share value of  30% in the region. This is mainly due to the increased cultivation because of the rising demand from the feed industry. 
  • In India, forage corn is the major crop consumed, holding a 21.7% share value of the total Asia-Pacific forage seed market. The great demand is due to the high production area and increased cattle population. For instance, according to the Food and Agricultural Organization (FAO), the cattle population increased from 300 million stocks in 2016 to 304 million stocks in 2020. It is mainly due to the increased demand for dairy and meat products.​
  • In 2021, apart from India, other countries like Japan and Southeast Asian countries held the maximum market share value in the region with 28.8% and 20.6%, respectively.​
  • In Japan, the Ministry of Agriculture, Forestry, and Fisheries (MAFF) has set a goal of increasing forage self-sufficiency from 77% to 100% by 2030.​ To support forage production in the country, MAFF provides support payments to growers who plant forage and feed crops. Therefore, the demand for seeds is expected to rise in the country during the coming years.
  • Therefore, owing to the above factors, such as the support of the government to increase production and increasing adoption of commercial seeds, the demand for forage seeds is expected to increase in the region during the forecast period.​​

Competitive Landscape

The Asia-pacific Forage Seed Market is moderately consolidated, with the top five companies occupying 58.27%. The major players in this market are Advanta Seeds - UPL, Bayer AG, Corteva Agriscience, PGG Wrightson Seeds (DLF) and Royal Barenbrug Group (sorted alphabetically).

Major Players

  1. Advanta Seeds - UPL

  2. Bayer AG

  3. Corteva Agriscience

  4. PGG Wrightson Seeds (DLF)

  5. Royal Barenbrug Group

*Disclaimer: Major Players are sorted alphabetically

Market Developments

  • July 2020: The Royal Barenbrug Group established new laboratory for climate-resistant grass solutions, using seed technology in Nijmegen. The new laboratory is one of three Centres of Excellence for seed enhancement within the company's R&D department.
  • July 2020: Barenbrug Australia Pty Ltd has made an agreement with Nuseed Pty Ltd. to license Nuseed’s sorghum and sunflower germplasm portfolio and carry out R&D, plant breeding, and commercialization services. Nuseed grain sorghum, forage sorghum, sunflower sales, and distribution were also licensed to Barenbrug which strengthened its market presence in the country.
  • September 2018: Barenbrug Group has started seed enhancement business in addition to leading global research & development in grass and forage legume genetics. Seed enhancement businesses further contributed to the focus on creating value for customers worldwide.

Table of Contents

  1. 1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 2. REPORT OFFERS

  3. 3. INTRODUCTION

    1. 3.1 Study Assumptions & Market Definition

    2. 3.2 Scope of the Study​

    3. 3.3 Research Methodology

  4. 4. KEY INDUSTRY TRENDS

    1. 4.1 Area Under Cultivation

    2. 4.2 Most Popular Traits

    3. 4.3 Regulatory Framework

    4. 4.4 Value Chain & Distribution Channel Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Breeding Technology

      1. 5.1.1 Hybrids

        1. 5.1.1.1 Non-Transgenic Hybrids

        2. 5.1.1.2 Transgenic Hybrids

          1. 5.1.1.2.1 Herbicide Tolerant

          2. 5.1.1.2.2 Other Traits

      2. 5.1.2 Open Pollinated Varieties & Hybrid Derivatives

    2. 5.2 Crop

      1. 5.2.1 Alfalfa

      2. 5.2.2 Forage Corn

      3. 5.2.3 Forage Sorghum

      4. 5.2.4 Other Forage Crops

    3. 5.3 Country

      1. 5.3.1 Australia

      2. 5.3.2 Bangladesh

      3. 5.3.3 China

      4. 5.3.4 India

      5. 5.3.5 Indonesia

      6. 5.3.6 Japan

      7. 5.3.7 Myanmar

      8. 5.3.8 Pakistan

      9. 5.3.9 Philippines

      10. 5.3.10 Thailand

      11. 5.3.11 Vietnam

      12. 5.3.12 Rest Of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Key Strategic Moves

    2. 6.2 Market Share Analysis

    3. 6.3 Company Landscape

    4. 6.4 Company Profiles

      1. 6.4.1 Advanta Seeds - UPL

      2. 6.4.2 Ampac Seed Company

      3. 6.4.3 Bayer AG

      4. 6.4.4 Cates Grain and Seeds Ltd

      5. 6.4.5 Corteva Agriscience

      6. 6.4.6 Forage Genetics International, LLC (Land O’Lakes, Inc.)

      7. 6.4.7 Groupe Limagrain

      8. 6.4.8 Northstar Seed Ltd.

      9. 6.4.9 PGG Wrightson Seeds (DLF)

      10. 6.4.10 Royal Barenbrug Group

  7. 7. KEY STRATEGIC QUESTIONS FOR SEEDS CEOS

  8. 8. APPENDIX

    1. 8.1 Global Overview

      1. 8.1.1 Overview

      2. 8.1.2 Porter’s Five Forces Framework

      3. 8.1.3 Global Value Chain Analysis

      4. 8.1.4 Global Market Size and DROs

    2. 8.2 Sources & References

    3. 8.3 List of Tables & Figures

    4. 8.4 Primary Insights

    5. 8.5 Data Pack

    6. 8.6 Glossary of Terms

List of Tables & Figures

    Figure 1:  

    ASIA-PACIFIC FORAGE SEED MARKET AREA UNDER CULTIVATION, HECTARE, 2016 - 2021

    Figure 2:  

    ASIA-PACIFIC FORAGE SEED MARKET, VOLUME, METRIC TON, 2016 - 2028

    Figure 3:  

    ASIA-PACIFIC FORAGE SEED MARKET, VALUE, USD, 2016 - 2028

    Figure 4:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY BREEDING TECHNOLOGY, VOLUME, METRIC TON, 2016 - 2028

    Figure 5:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY BREEDING TECHNOLOGY, VALUE, USD, 2016 - 2028

    Figure 6:  

    ASIA-PACIFIC FORAGE SEED MARKET, SHARE(%), BY BREEDING TECHNOLOGY, VOLUME, METRIC TON, 2016 - 2028

    Figure 7:  

    ASIA-PACIFIC FORAGE SEED MARKET, SHARE(%), BY BREEDING TECHNOLOGY, VALUE, USD, 2016 - 2028

    Figure 8:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY HYBRIDS, VOLUME, METRIC TON, 2016 - 2028

    Figure 9:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY HYBRIDS, VALUE, USD, 2016 - 2028

    Figure 10:  

    ASIA-PACIFIC FORAGE SEED MARKET, SHARE(%), BY HYBRIDS, VOLUME, METRIC TON, 2016 - 2028

    Figure 11:  

    ASIA-PACIFIC FORAGE SEED MARKET, SHARE(%), BY HYBRIDS, VALUE, USD, 2016 - 2028

    Figure 12:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY HYBRIDS, VOLUME, METRIC TON, 2016 - 2028

    Figure 13:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY HYBRIDS, VALUE, USD, 2016 - 2028

    Figure 14:  

    ASIA-PACIFIC FORAGE SEED MARKET, SHARE(%), BY CROP, 2021 - 2028

    Figure 15:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY TRANSGENIC HYBRIDS, VOLUME, METRIC TON, 2016 - 2016

    Figure 16:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY TRANSGENIC HYBRIDS, VALUE, USD, 2016 - 2016

    Figure 17:  

    ASIA-PACIFIC FORAGE SEED MARKET, SHARE(%), BY TRANSGENIC HYBRIDS, VOLUME, METRIC TON, 2016 - 2016

    Figure 18:  

    ASIA-PACIFIC FORAGE SEED MARKET, SHARE(%), BY TRANSGENIC HYBRIDS, VALUE, USD, 2016 - 2016

    Figure 19:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY TRANSGENIC HYBRIDS, VOLUME, METRIC TON, 2016 - 2028

    Figure 20:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY TRANSGENIC HYBRIDS, VALUE, USD, 2016 - 2028

    Figure 21:  

    ASIA-PACIFIC FORAGE SEED MARKET, SHARE(%), BY CROP, 2021 - 2028

    Figure 22:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY TRANSGENIC HYBRIDS, VOLUME, METRIC TON, 2016 - 2016

    Figure 23:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY TRANSGENIC HYBRIDS, VALUE, USD, 2016 - 2016

    Figure 24:  

    ASIA-PACIFIC FORAGE SEED MARKET, SHARE(%), BY CROP, 2021 - 2028

    Figure 25:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY TRANSGENIC HYBRIDS, VOLUME, METRIC TON, 2016 - 2028

    Figure 26:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY TRANSGENIC HYBRIDS, VALUE, USD, 2016 - 2028

    Figure 27:  

    ASIA-PACIFIC FORAGE SEED MARKET, SHARE(%), BY CROP, 2021 - 2028

    Figure 28:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY BREEDING TECHNOLOGY, VOLUME, METRIC TON, 2016 - 2028

    Figure 29:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY BREEDING TECHNOLOGY, VALUE, USD, 2016 - 2028

    Figure 30:  

    ASIA-PACIFIC FORAGE SEED MARKET, SHARE(%), BY CROP, 2021 - 2028

    Figure 31:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY CROP, VOLUME, METRIC TON, 2016 - 2028

    Figure 32:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY CROP, VALUE, USD, 2016 - 2028

    Figure 33:  

    ASIA-PACIFIC FORAGE SEED MARKET, SHARE(%), BY CROP, VOLUME, METRIC TON, 2016 - 2028

    Figure 34:  

    ASIA-PACIFIC FORAGE SEED MARKET, SHARE(%), BY CROP, VALUE, USD, 2016 - 2028

    Figure 35:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY CROP, VOLUME, METRIC TON, 2016 - 2028

    Figure 36:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY CROP, VALUE, USD, 2016 - 2028

    Figure 37:  

    ASIA-PACIFIC FORAGE SEED MARKET, SHARE(%), BY BREEDING TECHNOLOGY, 2021 - 2028

    Figure 38:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY CROP, VOLUME, METRIC TON, 2016 - 2028

    Figure 39:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY CROP, VALUE, USD, 2016 - 2028

    Figure 40:  

    ASIA-PACIFIC FORAGE SEED MARKET, SHARE(%), BY BREEDING TECHNOLOGY, 2021 - 2028

    Figure 41:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY CROP, VOLUME, METRIC TON, 2016 - 2028

    Figure 42:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY CROP, VALUE, USD, 2016 - 2028

    Figure 43:  

    ASIA-PACIFIC FORAGE SEED MARKET, SHARE(%), BY BREEDING TECHNOLOGY, 2021 - 2028

    Figure 44:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY CROP, VOLUME, METRIC TON, 2016 - 2028

    Figure 45:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY CROP, VALUE, USD, 2016 - 2028

    Figure 46:  

    ASIA-PACIFIC FORAGE SEED MARKET, SHARE(%), BY BREEDING TECHNOLOGY, 2021 - 2028

    Figure 47:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY COUNTRY, VOLUME, METRIC TON, 2016 - 2028

    Figure 48:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028

    Figure 49:  

    ASIA-PACIFIC FORAGE SEED MARKET, SHARE(%), BY COUNTRY, VOLUME, METRIC TON, 2016 - 2028

    Figure 50:  

    ASIA-PACIFIC FORAGE SEED MARKET, SHARE(%), BY COUNTRY, VALUE, USD, 2016 - 2028

    Figure 51:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY COUNTRY, VOLUME, METRIC TON, 2016 - 2028

    Figure 52:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028

    Figure 53:  

    ASIA-PACIFIC FORAGE SEED MARKET, SHARE(%), BY CROP, 2021 - 2028

    Figure 54:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY COUNTRY, VOLUME, METRIC TON, 2016 - 2028

    Figure 55:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028

    Figure 56:  

    ASIA-PACIFIC FORAGE SEED MARKET, SHARE(%), BY CROP, 2021 - 2028

    Figure 57:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY COUNTRY, VOLUME, METRIC TON, 2016 - 2028

    Figure 58:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028

    Figure 59:  

    ASIA-PACIFIC FORAGE SEED MARKET, SHARE(%), BY CROP, 2021 - 2028

    Figure 60:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY COUNTRY, VOLUME, METRIC TON, 2016 - 2028

    Figure 61:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028

    Figure 62:  

    ASIA-PACIFIC FORAGE SEED MARKET, SHARE(%), BY CROP, 2021 - 2028

    Figure 63:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY COUNTRY, VOLUME, METRIC TON, 2016 - 2028

    Figure 64:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028

    Figure 65:  

    ASIA-PACIFIC FORAGE SEED MARKET, SHARE(%), BY CROP, 2021 - 2028

    Figure 66:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY COUNTRY, VOLUME, METRIC TON, 2016 - 2028

    Figure 67:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028

    Figure 68:  

    ASIA-PACIFIC FORAGE SEED MARKET, SHARE(%), BY CROP, 2021 - 2028

    Figure 69:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY COUNTRY, VOLUME, METRIC TON, 2016 - 2028

    Figure 70:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028

    Figure 71:  

    ASIA-PACIFIC FORAGE SEED MARKET, SHARE(%), BY CROP, 2021 - 2028

    Figure 72:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY COUNTRY, VOLUME, METRIC TON, 2016 - 2028

    Figure 73:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028

    Figure 74:  

    ASIA-PACIFIC FORAGE SEED MARKET, SHARE(%), BY CROP, 2021 - 2028

    Figure 75:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY COUNTRY, VOLUME, METRIC TON, 2016 - 2028

    Figure 76:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028

    Figure 77:  

    ASIA-PACIFIC FORAGE SEED MARKET, SHARE(%), BY CROP, 2021 - 2028

    Figure 78:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY COUNTRY, VOLUME, METRIC TON, 2016 - 2028

    Figure 79:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028

    Figure 80:  

    ASIA-PACIFIC FORAGE SEED MARKET, SHARE(%), BY CROP, 2021 - 2028

    Figure 81:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY COUNTRY, VOLUME, METRIC TON, 2016 - 2028

    Figure 82:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028

    Figure 83:  

    ASIA-PACIFIC FORAGE SEED MARKET, SHARE(%), BY CROP, 2021 - 2028

    Figure 84:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY COUNTRY, VOLUME, METRIC TON, 2016 - 2028

    Figure 85:  

    ASIA-PACIFIC FORAGE SEED MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028

    Figure 86:  

    ASIA-PACIFIC FORAGE SEED MARKET, SHARE(%), BY CROP, 2021 - 2028

    Figure 87:  

    ASIA-PACIFIC FORAGE SEED MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2016 - 2021

    Figure 88:  

    ASIA-PACIFIC FORAGE SEED MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021

    Figure 89:  

    ASIA-PACIFIC FORAGE SEED MARKET SHARE(%), BY MAJOR PLAYERS, 2021

Market Definition

  • Commercial Seed - For the purpose of this study, only commercial seeds have been included as part of the scope. Farm-saved Seeds, which are not commercially labeled are excluded from scope, even though a minor percentage of farm-saved seeds are exchanged commercially among farmers. The scope also excludes vegetatively reproduced crops and plant parts, which may be commercially sold in the market.
  • Crop Acreage - While calculating the acreage under different crops, the Gross Cropped Area has been considered. Also known as Area Harvested, according to the Food & Agricultural Organization (FAO), this includes the total area cultivated under a particular crop across seasons.
  • Seed Replacement Rate - Seed Replacement Rate is the percentage of area sown out of the total area of crop planted in the season by using certified/quality seeds other than the farm-saved seed.
  • Protected Cultivation - The report defines protected cultivation as the process of growing crops in a controlled environment. This includes greenhouses, glasshouses, hydroponics, aeroponics, or any other cultivation system that protects the crop against any abiotic stress. However, cultivation in an open field using plastic mulch is excluded from this definition and is included under open field.

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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: IDENTIFY KEY VARIABLES: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms

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Frequently Asked Questions

The Asia-pacific Forage Seed Market market is studied from 2016 - 2028.

The Asia-pacific Forage Seed Market stood at 761.73 million USD in 2022 and is projected to register a CAGR of 4.88% to reach 1.01 billion USD in 2028.

There has been an increase in forage corn demand from dairy farmers and the government of China and Japan is supporting to increase the production of forage corn.

The country is the largest consumer of Forage Cropss as feed for the animals and research activities to provide growers with better varieties have been conducted by ICAR.

The segment is the fastest growing in the Asia-Pacific region due to an increase in the demand for animal feed, high protein content, and availability of high-quality seeds.

The increase in the cultivation of Forage Cropss is due to the increasing demand for feed by dairy farmers as the population of cattle has increased.

Advanta Seeds - UPL,Bayer AG,Corteva Agriscience,PGG Wrightson Seeds (DLF) and Royal Barenbrug Group. are the major companies operating in Asia-pacific Forage Seed Market.