Corn Seed Market Global Industry Analysis, Forecast 2025Posted by Prashanth on March 9th, 2020 Market Overview: Corn Seeds Market size was around USD 24.4 billion in 2020. It is expected to grow at a CAGR of 7.93% to reach USD 35.7 billion by 2025. 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. Yield and quality of corn have improved considerably through genetic engineering, which is a primary driver of this market. Planning by major players in the market regarding stockpiling based on demand and supply conditions augurs well for robust market growth in the forecast as mentioned earlier period. Market Drivers and Restraints: Lower commodity prices have adversely impacted the market, making it the primary restraint of market growth. Reduced land under corn acreage, especially in U.S. and Brazil, is a secondary factor constraining the growth of this market. Report segmented as By Region:
Geographical Analysis: By geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. U.S., China, Brazil, Argentina, India, Mexico, Indonesia, and France are the major corn producing nations of the world. North America closely followed by Latin America, form the largest corn seed market, commanding nearly 65% of the market share. The U.S. reaps 40% of the world’s harvest, and it is the largest market worldwide in terms of value. In 2010, the maize acreage in the U.S. was approximately 35 million hectares. U.S., China, Japan, and India are the primary consuming nations of corn. North America is the most crucial region for corn seed trade worldwide. Italy, Mexico, Canada, France, and Spain are the largest importers of U.S. corn seed, respectively. Important Market Players: Some of the major players in the influenza diagnostic market are Roche Diagnostics, Thermo Fisher Scientific, Becton, Dickinson and Company, Alere, Quidel Corporation, and others. The companies are always focused on the development of devices that are worthwhile and are technologically advanced for better initiations regarding better treatment. For example, on October 2014, Alere announced a contract with the U.S. Department for Health and Human Services Biomedical Research, i.e., known as Biomedical Advanced Research and Development Authority (BARDA), to develop better diagnostic countermeasures for the influenza virus. The Scope of the report: This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence, and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Like it? Share it! More by this author |