Global Forage Seeds Market:
Forage is plant especially used as feed for grazing livestock. The forage Seeds Market are used to grow the plants. The seeds enable to produce the sufficient green grass or feed to animals. The feed includes alfalfa, red clover, white clover, birdsfoot trefoil.
The rise in the demand for livestock products such as beef, pork, other poultry products and milk is anticipated catapult global forage seeds market. In accordance with FAO, bovine production accounted for 66.7 million metric tons in 2010, and it is projected to reach 107.5 million metric tons by 2050. Swine production is accounted for 109.3 million metric tons in 2010, projected to 150.3 million metric tons by 2050. The great enhancement of livestock production leads to increase in the livestock feed sector, which enables the demand for forage seeds in the market over the forecast period.
Cost-effectiveness of the crops coupled with high demand for forage seeds is anticipated to create growth opportunities for the market.
Global Forage Seeds Market segmented on the basis of plant type, livestock type.
Based on the plant type, forage Seeds market segmented as follows:
- Annual Ryegrass
Based on livestock type, forage Seeds market segmented as follows
The forage seed market is gaining importance across the globe from the past decade. Increased demand for livestock and the protein-rich food is expected to create the huge demand for forage seeds. The market is dominated by the limited number of players. Emerging nations in Asia Pacific is expected to create a huge demand for Global forage seed market.
Forage Seeds market segmented into following regions Viz. North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the forage seeds market over the forecast timeframe. U.S. is projected to account for major revenue share in the region due to increased awareness and adoption of cutting-edge technologies in the field of Forage Seeds market.
Canada forage seeds market is expected to grow at significant CAGR due to favorable regulatory policies to offer the qualitative forage seeds. For instance, Canada government enacted ‘The Agri-Food Act, 2004, and forage seed development plan is established to develop the forage seed industry in Saskatchewan. The act without limiting the generality of subsection (1), to assist the development and promotion of forage seeds and forage seed products in domestic and international marketplaces as well as encourage R&D on production, market development and processing and consumption of forage seeds.
France is expected to offer lucrative opportunities for the forage seed market. Favorable government policies and availability of grasslands and forage crops in the French landscapes is considered as a benefit for a market. In South of France in the Causse du Larzac, harvested alfalfa and secured forage production systems. France adapted to mixed farming, animals, and crops used to be met on every farm. The forage seeds must meet with the condition of EU directive 66/401/CE. It defines the list of species whose seeds must be certified is very broad and offers a range of possibilities.
China forage seeds market is expanding at significant growth rate due to increased population creates demand for livestock products in the country. China is expected to have great influence on global forage seeds market.
Global forage seed market is dominated by some of the players include La Crosse Seed, Hancock Farm & Seed Co., Allied Seed, LLC, Golden Acre Seeds, AMPAC seed, Dynamic Seeds Ltd., Northstar Seed Ltd., Moore Seed Processors, Foster’s Seed and Feed, Brett young, BASF SE and Dow AgroSciences LLC. Market players majorly focused on the adoption of state-of-art technologies, new product introductions, and strategic partnerships to cater larger market.
- In May 2016, La Crosse Seed launches specialized cover crop inoculant. The LINK inoculant is the dry product that can be applied to seed or at the planter and it is applied to the entire crop mix. Applying entire crop mix allows non-legume seeds to help carry inoculant into the soil for greater nodulation and nitrogen fixation of legumes.
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