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Pulished Date August, 2021
ID: 11973
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Sorghum Seed Market Segmentation by Type (Grain Sorghum, Forage Sorghum, Biomass Sorghum, and Sweet Sorghum), by variety (Open Pollinated Varieties and Hybrids), by Application (Human Feed, Biofuel & Ethanol, and Livestock Feed), and Region - Industry Analysis, Share, Growth and Forecast 2021-2026.

Pulished: August, 2021
ID: 11973
Pages: 185

Sorghum Seed Market Size, Growth, Trends and Forecast:

Sorghum is a genus of flowering plants in the Poaceae family. Sorghum is a high-growing cereal used for many purposes, such as sweetening, human food, and animal feed. Sorghum is used as food for humans and livestock and the rest is made into ethanol. It is a popular crop to be grown in drier areas, as it is drought tolerant and shows efficient yields even in areas with water scarcity. One species is cultivated for cereals, while many others are used as fodder plants, either cultivated in warm climates around the world or naturalized, in grasslands. Sorghum is efficient at converting solar energy into chemical energy and also uses less water compared to other grain crops. The biofuel is produced from sweet sorghum and biomass and is developed with biomass, which can be converted into syngas, charcoal, and bio-oil. The main industries that use sorghum are feed manufacturers, alcohol distilleries, and starch industries.

An increase in investments by major manufacturers is driving the growth of the global sorghum seed market. Sorghum crops can be used in a wide range of areas, such as human food, animal feed, and biofuels. Since it requires less water for its growth, it also encourages growth in areas where water is scarce. The development of hybrid sorghum varieties with excellent characteristics is also expected to drive the growth of the global sorghum seed market. The market growth is mainly due to the increasing demand from the animal feed industry due to an unprecedented increase in the demand for animal protein in recent years.

Impact of COVID-19 on the Sorghum Seed Market:

The COVID-19 pandemic has affected the production, certification, distribution, and cost of seeds, which play a fundamental role in the development of resilient agricultural sectors. Availability and cost of transport due to reduced number of commercial flights. Shortage of manpower for production, transport, and documentation processes and the shrinking market for plants and seeds had also created problems in the production of seeds for international trade. But production is expected to remain stable, following a reduction in government restrictions such as travel restrictions and trade bans. Businesses began to resume after taking all necessary preventive measures, such as regular temperature checks, the use of personal protective equipment, and limited staff.

Recent Developments:

  • In 2018, S&W Seed Company launched a joint venture with AGT Foods Africa Ltd, to establish a new company, SeedVision SA Ltd, to boost the production and processing facilities, to produce new forage sorghum varieties for sale in the Middle East, Africa, and Europe.
  • In 2016, Blue River Organic Seed launched two new products, nighthawk 6 organic BMR sorghum-sudangrass, and bobwhite 6 organic BMR forage sorghum, to expand its product portfolio and gain higher sales and revenue.

Drivers and Restraints of Sorghum Seed Market:

Drivers:

The major drivers for the global sorghum seed market are the increased demand for green fuel and the growing demand for cheaper and healthier feed. Since it requires less water for its growth, it also encourages growth in areas where water is scarce. The development of hybrid sorghum varieties with excellent characteristics is also expected to boost the future demand of the global sorghum seed market. The growing number of manufacturers in Africa and Latin America is driving the market.

Restraints:

The increase in the introduction of alternative sources of biofuels is the main limitation of the global sorghum seed market are the changing consumer preferences. The risk of tannins in sorghum, which is an enzyme that can cause breast cancer, has reduced its use. Sorghum feed is difficult to sell due to its lower energy content than maize. The lack of standard varieties of sorghum in the sorghum seed market, changes in consumer preferences, and the increased introduction of newer and cheaper alternatives are some of the key factors that are expected to hamper the market growth.

Sorghum Seed Market Segmentation:

By Type, the global sorghum seed market is segmented by type into grain sorghum, forage sorghum, biomass sorghum, and sweet sorghum. The sorghum grain segment accounts for the largest share of the global sorghum seed market and is expected to maintain its dominance throughout the forecast period, with a CAGR of 3.4%. Sorghum grain is one of the main sources of food for people living in developing countries in Africa and also for people in arid areas.

By Variety, the global sorghum seed market is segmented by variety into open-pollinated varieties and hybrid varieties. There is a strong demand for hybrid seeds in the global sorghum seed market due to the development of hybrid sorghum seed varieties with excellent characteristics. Additionally, hybrid seeds are easier and faster to grow, are better suited to stress, and produce plants with larger fruit, higher yields, disease resistance, and longer shelf life than heirlooms.

By Application, the global sorghum seed market is segmented by application to human food, biofuels and ethanol, and livestock feed. The biofuels and ethanol segment offers the maximum market potential in the global sorghum seed market, due to the increasing demand for more environmentally friendly and cost-effective fuel alternatives, in particular in the developing countries of Russia, China, India., Indonesia and the others. In addition, due to technological advancements in production methods and excellent chemical and physical characteristics, sorghum is not only well recognized for its use in biofuels, but also plays an important role in human and animal nutrition, as well as in other industrial applications.

Regional analysis:

Latin America, and Middle East & Africa accounted for 35% of total market revenue in 2016, followed by Asia-Pacific and North America. North America is the largest producer of sorghum. Developing countries in Latin America and the Middle East and Africa region are expected to register a constant rate of growth, reflecting the growth of the economy as a whole. In developing countries in Asia and Pacific, the region's sorghum is produced on a commercial basis and used exclusively for animal feed, either domestically or for export destinations. Europe is expected to have the highest CAGR in the near future. In the European region, growing demand for animal feed and rising corn prices are prompting farmers to turn to forage crops for sorghum. In addition, government initiatives promoting the cultivation of sorghum contribute to the development of the market in Europe.

Leading company:

Advanta Seeds is the leading supplier of sorghum seeds in the global sorghum seed market and has invested immensely in the development of elite sorghum germplasm.

Key players:

Major key players in the global sorghum seed market include Advanta Seeds, Corteva Agriscience, Monsanto, Dupont Pioneer, Nufarm, Dyna-Gro Seed, Chromatin, Heritage Seeds, Proline, Allied Seed, Blue River Hybrids, Sustainable Seed Company, Safal Seeds, KWS, Biotech Seed Co Limited, Bayer, and UPL Limited.

1. Introduction                        

            1.1 Market Definition             

            1.2 Scope of the report                      

            1.3 Study Assumptions                      

            1.4 Base Currency, Base Year and Forecast Periods                      

2. Research Methodology                             

            2.1 Analysis Design               

            2.2 Research Phases            

                        2.2.1 Secondary Research    

                        2.2.2 Primary Research        

                        2.2.3 Data Modelling  

                        2.2.4 Expert Validation           

            2.3 Study Timeline                 

3. Report Overview                           

            3.1 Executive Summary                    

            3.2 Key Inferencees              

4. Market Dynamics                          

            4.1 Impact Analysis               

                        4.1.1 Drivers  

                        4.1.2 Restaints           

                        4.1.3 Opportunities     

            4.2 Regulatory Environment              

            4.3 Technology Timeline & Recent Trends               

5. Competitor Benchmarking Analysis                                  

            5.1 Key Player Benchmarking                      

                        5.1.1 Market share analysis   

                        5.1.2 Products/Service          

                        5.1.3 Regional Presence       

            5.2 Mergers & Acquistion Landscape            

            5.3 Joint Ventures & Collaborations              

6. Market Segmentation                                

            6.1 Sorghum Seed Market, By Type            

                        6.1.1 Grain Sorghum 

                        6.1.2 Forage Sorghum           

                        6.1.3 Biomass Sorghum        

                        6.1.4 Sweet Sorghum

                        6.1.5 Market Size Estimations & Forecasts (2021-2026)      

                        6.1.6 Y-o-Y Growth Rate Analysis    

                        6.1.7 Market Attractiveness Index     

            6.2 Sorghum Seed Market, By Application               

                        6.2.1 Human Feed     

                        6.2.2 Biofuel & Ethanol          

                        6.2.3 Livestock Feed 

                        6.2.4 Market Size Estimations & Forecasts (2021-2026)      

                        6.2.5 Y-o-Y Growth Rate Analysis    

                        6.2.6 Market Attractiveness Index     

            6.3 Sorghum Seed Market, By Variety                     

                        6.3.1 Open Pollinated Varieties         

                        6.3.2 Hybrids  

                        6.3.3 Market Size Estimations & Forecasts (2021-2026)      

                        6.3.4 Y-o-Y Growth Rate Analysis    

                        6.3.5 Market Attractiveness Index     

7. Geographical Landscape                           

            7.1 Global Identity Governance and Administration Market, by Region                   

            7.2 North America - Market Analysis (2018 - 2024)             

                        7.2.1 By Country        

                                    7.2.1.1 USA

                                    7.2.1.2 Canada

                        7.2.2 By Type

                        7.2.3 By Application   

                        7.2.4 By Variety         

            7.3 Europe                 

                        7.3.1 By Country        

                                    7.3.1.1 UK

                                    7.3.1.2 France

                                    7.3.1.3 Germany

                                    7.3.1.4 Spain

                                    7.3.1.5 Italy

                                    7.3.1.6 Rest of Europe

                        7.3.2 By Type

                        7.3.3 By Application   

                        7.3.4 By Variety         

            7.4 Asia Pacific                      

                        7.4.1 By Country        

                                    7.4.1.1 China

                                    7.4.1.2 India

                                    7.4.1.3 Japan

                                    7.4.1.4 South Korea

                                    7.4.1.5 South East Asia

                                    7.4.1.6 Australia & NZ

                                    7.4.1.7 Rest of Asia-Pacific

                        7.4.2 By Type

                        7.4.3 By Application   

                        7.4.4 By Variety         

            7.5 Latin America                   

                        7.5.1 By Country        

                                    7.5.1.1 Brazil

                                    7.5.1.2 Argentina

                                    7.5.1.3 Mexico

                                    7.5.1.4 Rest of Latin America

                        7.5.2 By Type

                        7.5.3 By Application   

                        7.5.4 By Variety         

            7.6 Middle East and Africa                

                        7.6.1 By Country        

                                    7.6.1.1 Middle East

                                    7.6.1.2 Africa

                        7.6.2 By Type

                        7.6.3 By Application   

                        7.6.4 By Variety         

8. Key Player Analysis                                   

            8.1 Advanta Seeds                

                        8.1.1 Business Description    

                        8.1.2 Products/Service          

                        8.1.3 Financials          

                        8.1.4 SWOT Analysis

                        8.1.5 Recent Developments  

                        8.1.6 Analyst Overview         

            8.2 Corteva Agriscience                    

            8.3 Monsanto             

            8.4 Dupont Pioneer                

            8.5 Nufarm                 

            8.6 Dyna-Gro Seed               

            8.7 Chromatin            

            8.8 Heritage Seeds                

            8.9 Proline                  

            8.10 Allied Seed                     

9. Market Outlook & Investment Opportunities                                 

10. Appendix                          

            List of Tables              

            List of Figures            

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  • Global Sorghum Seed Market By Region, From 2021-2026 ( USD Billion )
  • Global Sorghum Seed Market By Type, From 2021-2026 ( USD Billion )
  • Global Grain Sorghum Market By Region, From 2021-2026 ( USD Billion )
  • Global Forage Sorghum Market By Region, From 2021-2026 ( USD Billion )
  • Global Biomass Sorghum Market By Region, From 2021-2026 ( USD Billion )
  • Global Sweet Sorghum Market By Region, From 2021-2026 ( USD Billion )
  • Global Sorghum Seed Market By Variety, From 2021-2026 ( USD Billion )
  • Global Open Pollinated Varieties Market By Region, From 2021-2026 ( USD Billion )
  • Global Hybrids Market By Region, From 2021-2026 ( USD Billion )
  • Global Sorghum Seed Market By Application, From 2021-2026 ( USD Billion )
  • Global Human Feed Market By Region, From 2021-2026 ( USD Billion )
  • Global Biofuel & Ethanol Market By Region, From 2021-2026 ( USD Billion )
  • Global Livestock Feed Market By Region, From 2021-2026 ( USD Billion )

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