The Asia Pacific corn seed market size is expected to reach USD 5.74 billion in 2024 and reach USD 8.55 billion by 2029, growing at a CAGR of 8.3% from 2024 to 2029. It captures 15% of the global market.
After wheat and rice corn is the third largest planted crop worldwide. Though it is an important food crop it is often utilized and traded as a feed crop. It is grown in temperate, tropical, and sub-tropical regions of the world.
The yield and quality of corn have improved considerably through genetic engineering which is a primary driver of this market. Advance planning by major players in the market regarding stockpiling based on demand and supply conditions augurs well for robust market growth in the aforementioned forecast period.
Lower commodity prices have adversely impacted the market making it the primary restraint of market growth. Reduced land under corn acreage, especially in US and Brazil, is a secondary factor constraining the growth of this market.
Asia Pacific Corn Seed Market – By Country:
China and India, are among the major corn-producing nations of the world. China, Japan, and India are the primary consuming nations of corn.
KEY MARKET PLAYERS:
Key players in the market include Monsanto, Monsanto Company, DuPont Pioneer, Syngenta, and Bayer CropScience.
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