Forage Sorghum Seed Market Overview:
The Forage Sorghum Seed Market size is estimated to reach $2.6 billion by 2030, growing at a CAGR of 3.2% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Forage Sorghum Seed Market – Forage Sorghum Seed Market – By Seed Type (Hybrid Forage Sorghum Seed, Open-Pollinated Varieties (OPV)), By Trait (Conventional, Genetically Modified (GM)), By Application (Silage, Green Fodder, Hay Production, Biomass Production and Others), By End User (Livestock Farmers, Bioenergy Producers, Seed Producers and Distributors and Others), By Geography - Opportunity Analysis & Industry Forecast, 2024-2030
Forage sorghum is generally resistant to many common pests and diseases, reducing the need for chemical inputs and helping to maintain crop health. The rising consumption of milk and meat coupled with the demand for fodder are the major drivers for the forage sorghum market.
APAC Dominated the Market in 2023:
APAC held the highest market share of 38% in 2023. This is mainly attributed to the increasing livestock and need for fodder crops in the region. The governments offer subsidies and investments for farmer who grow forage crops like sorghum. In Japan, the Ministry of Agriculture, Forestry and Fisheries (MAFF) set a goal of increasing forage self-sufficiency from 77% to 100% by 2030. To support forage production in the country, MAFF provides support payments to growers who plant forage and feed crops. As per FAO, China is one of the major livestock producers in the world. According to WAICENT, the country has nearly 50% of pigs, 20% of goats and chickens and 15% of buffaloes of the world inventory.
Forage Sorghum Seed Market: Key Takeaways
Government Support and Subsidies
Government support and subsidies are a significant driver for the forage sorghum seed market as many countries recognize the importance of promoting drought-resistant and resilient crops to enhance food security and sustainable agriculture. Various governments are implementing policies that incentivize farmers to adopt forage sorghum, offering financial assistance, tax breaks, or grants for seed purchases and cultivation. These initiatives aim to encourage the use of crops that require fewer inputs and can withstand adverse weather conditions, ultimately contributing to a more sustainable livestock feed supply. As governments intensify their focus on agricultural sustainability and climate resilience, the forage sorghum seed market can expect increased adoption and support from policy frameworks aimed at promoting environmentally friendly farming practices. The Foundation for Food & Agriculture Research awarded a grant to develop sorghum varieties with increased micronutrients and reduced antinutrients, addressing malnutrition and improving livelihoods in arid regions. According to USDA, the United Sorghum Checkoff Program aims to expand sorghum markets and uses through research, promotion, and information sharing. Funded by an assessment on sorghum sales, the program supports sorghum producers' financial returns amid increasing domestic and international demand.
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Improved Varieties:
Ongoing research and development in the forage sorghum seed market are driving significant advancements in hybrid varieties, which are crucial for enhancing agricultural productivity. These innovations focus on improving traits such as yield, disease resistance, and nutritional value, making forage sorghum more appealing to farmers. Enhanced hybrids can provide higher biomass production and better feed quality, which are essential for meeting the increasing demands of the livestock industry. Additionally, advancements in genetic improvement and breeding techniques are enabling the development of sorghum varieties that can thrive in diverse climates and growing conditions. As a result, these continuous improvements not only support greater adoption among farmers but also contribute to the overall growth and competitiveness of the forage sorghum seed market.
Scope of the Report:
Recent Developments:
- In March 2024, S&W Seed Company has recently unveiled a groundbreaking new forage sorghum variety called Double Team. This innovative seed is designed to offer farmers a superior solution for their livestock feed needs.
- In January 2023, GROWMARK acquired Allied Seed LLC that offers a full line of forage, turfgrass and cover crop seed as well as custom production, blending, packaging and seed treatment services.
Forage Sorghum Seed Market: Competitive Landscape
Key companies profiled in the Forage Sorghum Seed Market are GROWMARK, BrettYoung, S&W Seed Company, Nuseed, AgReliant Genetics LLC, Advanta Seeds, Corteva, Bayer CropScience, Chromatin, Inc, Nufarm Limited and others.
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