Middle East and Africa Corn Seed Market size was around USD 2.39 billion in 2021. It is expected to grow at a CAGR of 8.84% to reach USD 3.92 billion by 2026. It captures 5% 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 stock piling 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.
Geographical Analysis:
By geography, the market is segmented into the Middle East and Africa. It is last in terms of market share.
Major Key Players:
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