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The Global Forage Seed Market is segmented By Crop Type (Cereals, Legumes, and Grasses); By Product Type (Stored Forage and Fresh Forage); and By Geography (North America, Europe, Asia-Pacific, South America, and Africa).
2016 - 2026
Fastest Growing Market:
The forage seed market is projected to register a CAGR of 7.5%, during the forecast period (2020-2025).
The market studied has been segmented by crop type into cereals, legumes, and grasses. By product type the market has been segmented into stored forage and fresh forage. By geography the market has been segmented into North America, Europe, Asia-Pacific, South America, and Middle East and Africa. The factors affecting the studied market, either positively or negatively, and competitiveness among global leaders are also included in the report. The report contains a detailed analysis of various parameters of the forage seed market.
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Livestock is among the world’s largest users of land resources, with grazing land and cropland dedicated to the production of feed representing nearly 80% of the total agricultural land. According to FAO, feed crops are grown in 1/3rd of the total cropland, while the total land area occupied by pasture is equivalent to 26% of the ice-free terrestrial surface. Around 80% of the world’s grazing lands are open lands, i.e., pastures devoid of forests or dense human settlements. Pastures have always been and will continue to be, a source of forages and nutrients for dairy cattle, including heifers, dry cows, and the milking herd. Livestock is a major factor responsible for the growth of global agriculture. The world food economy is being increasingly driven by the shift in diet and food consumption patterns toward livestock products. There has been an increased dependency of livestock animals on feed and forage resources. Furthermore, changes in production and quality of feed crop and forages potentially impacts the livestock. The growth in livestock production is likely to create a demand for better forage crops, as people are extremely concerned about the quality of meat they consume. The growth in the demand for forage crops can only be supported with better quality forage seeds.
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Currently, North America is the largest forage seed market. Alfalfa is the largest traded seed among all the categories, and in the United States alone, it accounted for a share of 27% of the market value in 2018. Currently, the United States occupies the largest market share (48%). Favorable weather conditions and an ever-increasing domestic and international demand are driving the growth in the North American forage seed market. Weather in the North American region is a major reason behind the decline of demand in the forage seed market. To counter this effect, in December 2017, Grassland Oregon, a seed company based in Salem, Oregon, launched FIXatioN Balansa and Frosty Berseem clovers, making them available to producers in Canada. Both varieties are capable of withstanding temperatures as cold as -26°C and -5°C, respectively.
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Global forage seeds market is a fragmented market with the presence of various players in the market. In the forage seed market, companies are not only competing based on product quality and promotion, but also focused on strategic moves to hold larger market shares. Major acquisitions are taking place between companies to expand the forage seed business. One such acquisition has been witnessed between AgReliant Genetics and Golden Acres Genetics. The players in the market are investing heavily in this market, in order to develop new products. Dairyland Seeds, which is a part of DowDuPont, introduced seven new products under its forage seed category for the 2018 planting season. The highlights for these new products are the new genetics and expanded trait packages giving them an edge above their competitors.
1.1 Study Deliverables
1.2 Study Assumptions & Market Definition
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Crop Type
184.108.40.206 Forage Corn
220.127.116.11 Forage Sorghum
18.104.22.168 Other Cereals
22.214.171.124 Other Legumes
5.2 Product Type
5.2.1 Fresh Forage
5.2.2 Stored Forage
5.3.1 North America
126.96.36.199 United States
188.8.131.52 Rest of North America
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
18.104.22.168 Rest of Asia-Pacific
5.3.4 South America
22.214.171.124 Rest of South America
126.96.36.199 South Africa
188.8.131.52 Rest of Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Competitor Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Allied Seed LLC
6.3.2 Brett-Young Seeds Limited
6.3.3 AgReliant Genetics
6.3.4 DLF Seeds AmbA
6.3.5 Foster's Seed and Feed
6.3.6 Northstar Seeds Ltd
6.3.7 Hancock Farm & Seeds Co.
6.3.8 UPL Limited
6.3.9 Corteva Agriscience
6.3.10 The Royal Barenbrug Group
6.3.11 Blue River Hybrid Organic Seeds
6.3.12 AMPAC Seed Company
6.3.13 PGG Wrightson
6.3.14 S&S Seeds, Inc.
6.3.15 Rivard's Turf and Forage
6.3.16 Johnston Seed Company
6.3.17 Silver Falls Seed Company
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET