Posted on October, 19, 2021 at 08:46 am
The global maize seed market is expected to register a CAGR of 5.5% during the forecast period 2021-. Analysis indicates that, new product launches and/or product developments are the most adopted strategies, by major players in the industry.
Expansion of Poultry and Animal Feed Sector
The growing meat industry is creating a demand for more fodder crops, especially for maize, soybean, and alfalfa, which are highly nutritive, especially in protein content. Corn is the primary feed-grain in the United States, accounting for more than 95% of the total feed-grain production and use. More than 90 million acres of land is used for the production of maize, that is primarily used as livestock and animal feed. While the number of farms for corn has declined in recent years, the acreage per corn farm has increased.
Africa is the Fastest Growing Segment
Maize is one of the most important and widely grown crop in South Africa. Currently, 70 – 80% of maize consumed in South Africa is genetically modified. South Africa is also, the only country in the world whose staple (related to corn) is based primarily on GMO. In 2008, white GM maize totaled to 104 million, an increase of 48% from 2007, representing a market share of 62%.
Note: Since the COVID-19 virus outbreak in December 2019, the epidemic has spread to nearly every country across the globe with the World Health Organization (WHO) announced coronavirus disease 2019 (COVID-19) as a pandemic. Our Maize Seeds Market research report shows that outperformers seek growth in every dimension which is core expansion, geographic, up and down the value chain, and in adjacent spaces.
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Maize Seeds Market: Competition Landscape
-Detailed profiles of providers of Maize Seeds have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies
-The Maize Seeds market is fragmented due to the presence of several players. Competition is expected to intensify in the upcoming years due to the entry of several local players.
Key players operating in the global Maize Seeds market are: DuPont Pioneer, Monsanto, Syngenta, KWS, Limagrain, Dow AgroSciences, Bayer, Denghai, China National Seed Group, Advanta, others.
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Maize Seeds Market, By Product Type:
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Maize Seeds Market, By Application:
Chemical Industry
Electronics Industry
Other
Maize Seeds Market, By Geography
North America
Europe
Asia Pacific
South America
Middle East and Africa
Based on Regional Analysis, the Global Maize Seeds Market is bifurcated into North America, Europe, Asia Pacific, South America, Middle East, and Africa. It also explains revenue and volume analysis of each region and their respective countries for the forecast years. It also contains country-wise volume and revenue from the year 2016 to 2021.
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Scope of the Report
A new study on the global Maize Seeds market has been published by Stats and Research (SNR). It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global Maize Seeds market across the globe. SNR study offers valuable information about the global Maize Seeds market to illustrate how the market would grow during the forecast period, 2021-2027.
Research Methodology
A unique research methodology has been utilized by SNR to conduct comprehensive research on the growth of the global Maize Seeds market. It is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.
Market Segmentation
SNR study on the global Maize Seeds market includes information categorized into six sections – product, application, distribution channel, and region. Changing industry trends and other crucial market dynamics associated with these sections of the Maize Seeds market are discussed in detail.
Forecasting Models
1. Macro and Micro Economic Factor Analysis
2. Product Trend Analysis
3. Statistical Tools
4. Trend Projection
5. Exponential Smoothening
Source: Infrastructurene.ws