SAN FRANCISCO, June 12, 2019 /PRNewswire/ -- The global sorghum seed market is expected to witness significant growth by 2023, exhibiting a moderate CAGR during the forecast period. Rapid surge in the product demand is credited to the increase in agriculture productivity to meet demands of ever-growing population across the globe. As a whole, the global sorghum seed market is predicted to generate massive revenue over the forecast period, providing numerous opportunities for industry participants to invest in research and development of global sorghum seed market.
Sorghum faming is gaining widespread popularity due to plant versatility and capability to endure drought. Sorghum seeds are capable of tolerating soil toxicities, temperature fluctuations, and high altitudes. Rising demand from Asia Pacific region for sustaining ever-growing population and increasing agriculture productivity, are expected to fuel demand for sorghum products. Reduction in supply and demand gap is expected to favor industry growth as well. Rampant demand for sorghum seed market is predicted to add value to the American economy as well. Increasing penetration of product in the non-traditional markets is offering several growth opportunities to manufacturers across the globe.
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Introduction of innovative products to improve overall agriculture productivity via technological advancements are fostering product demand during forthcoming years. For Instance, on October 2018, Advanta Seeds has announced launch of their trademarked range of products, igrowth. Use of first of its kind weed control technology for grain sorghum is expected to open up numerous revenue options over the coming years. Igrowth seeds exhibits non-GMO imidazoline tolerance trait in grain sorghum, allowing it to spray imidazolinone herbicides, which is used as a weed control.
Incorporating of biotechnologies in agriculture sector including various seed enhancement technologies is estimated to boost market growth during the forecast period. Use of seed enhancement technology has led to increased production of sorghum seeds, which are gaining widespread attention for their capability to confer greater disease resistance in seeds. Sorghum seed enhances seed vigor, thus modifying seed emergence capabilities. Associated British Foods, General Mills, Sai Agro Exim, and SEMO Milling, Chromatin Inc., Bunge Limited, Cargill Incorporated, Dow AgroSciences LLC, La Crosse Seed LLC, Hancock Farm and Seed Company, Pacific Seeds, Allied Seed LLC and Dyna-Gro Seed are some of the leading manufacturers of sorghum seed market.
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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Sorghum Seed in these regions, from 2012 to 2023 (forecast), covering
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Columbia)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Global Sorghum Seed market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
- Advanta Seeds
- Dupont Pioneer
- Dyna-Gro Seed
- Heritage Seeds
- Allied Seed
- Sustainable Seed Company
- Blue River Hybrids
- Safal Seeds & Biotech
- Seed Co Limited
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
- Forage Sorghum Seed
- Grain Sorghum Seed
- Sweet Sorghum Seed
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Sorghum Seed for each application, including
- Sorghum Planting
- Sorghum Breeding
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