Market Size of Sorghum Seed Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.40 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Sorghum Seed Market Analysis
The global sorghum seed market is projected to register a CAGR of 4.4% during the forecast period (2020-2025).
- Sorghum crops can be used in a wide range of fields such as human food, animal feed, and biofuels. As it requires less water for its growth, this also drives the growth in regions where there is a scarcity of water.
- Development of the hybrid sorghum varieties with excellent traits is also expected to drive the future demands for the sorghum seed market. Sorghum crops are mostly grown in arid regions like Africa, Central America, and South Asia.
- North America is the largest geographical segment of the market studied. North America is the largest producer of Sorghum, followed by Nigeria and Sudan. Even though Africa is one of the largest producers of sorghum, the need for high-quality hybrid seeds opens up larger opportunities toward the international trade markets, for sorghum seeds in the region.
- The COVID-19 pandemic affected the production, certification, distribution and cost of seeds, which play a fundamental role in developing resilient agricultural sectors. Availability and cost of transport due to the reduced number of commercial flights; fewer personnel available for production, transportation and documentation processes; and a contraction in the market for plants and seeds had also created problems in terms of the production of seed for international trade. However, the market is anticipated to grow in the forecast period majorly due to the growing demand from the animal feed sector.
