What is Global Sorghum Seed Market?
The Global Sorghum Seed Market is a vast and dynamic sector that deals with the production, distribution, and sale of sorghum seeds on a global scale. Sorghum, a versatile crop, is cultivated for various purposes such as grain, forage, and sweet sorghum. The market's value was pegged at US$ 1623 million in 2022 and is projected to reach US$ 2172.1 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 4.2% from 2023 to 2029. This growth is driven by the increasing demand for sorghum seeds in various sectors, including agriculture and biofuel production.
Grain Sorghum, Forage Sorghum, Sweet Sorghum in the Global Sorghum Seed Market:
Grain Sorghum, Forage Sorghum, and Sweet Sorghum are the three main types of sorghum seeds available in the Global Sorghum Seed Market. Grain Sorghum is primarily used for human consumption and livestock feed due to its high nutritional value. It is also used in the production of ethanol, a biofuel. Forage Sorghum, on the other hand, is cultivated for animal feed, particularly in areas where water resources are scarce. Sweet Sorghum is grown for its stalk, which contains a high sugar content and is used to produce syrup, molasses, and biofuel. The versatility of these sorghum types contributes to the market's growth.
Sorghum Planting, Sorghum Breeding in the Global Sorghum Seed Market:
The Global Sorghum Seed Market plays a crucial role in sorghum planting and breeding. Sorghum planting involves the use of quality seeds to ensure a good yield. The seeds are sown in well-prepared soil, and the plants are nurtured until they mature and produce grains. On the other hand, sorghum breeding involves the creation of new sorghum varieties through the cross-pollination of different sorghum types. This process is essential in developing sorghum varieties with desirable traits such as drought resistance, high yield, and disease resistance. The market provides the necessary seeds for these processes.
Global Sorghum Seed Market Outlook:
The Global Sorghum Seed Market's outlook is promising. The market was valued at US$ 1623 million in 2022 and is expected to reach US$ 2172.1 million by 2029, growing at a CAGR of 4.2% during the forecast period. The top four manufacturers in the market hold a share of about 25%, indicating a competitive market landscape. Africa is the largest market for sorghum seeds, accounting for over 45% of the market share. North America and Asia follow, with a combined market share of about 30%. In terms of product type, Grain Sorghum Seed is the largest segment, accounting for about 55% of the market share. This data reflects the significant demand for sorghum seeds globally and the market's potential for growth.
| Report Metric | Details |
| Report Name | Sorghum Seed Market |
| Accounted market size in 2023 | US$ 1697 million |
| Forecasted market size in 2029 | US$ 2172.1 million |
| CAGR | 4.2 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Advanta Seeds, Bayer CropScience (Monsanto), AgReliant Genetics (KWS), Nufarm, Corteva Agriscience(Dupont Pioneer), S&W Seed Co(Chromatin), Dyna-GroSeed, Proline, HeritageSeeds, AlliedSeed, SustainableSeedCompany, BlueRiverHybrids, SafalSeeds&Biotech, SeedCoLimited, EuralisSemences |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
