Argentina Forage Seed Market - By Product Type, Application and Geography - Market Shares, Forecasts And Trends (2017 - 2022)
The Argentina forage seed market has estimated to be XX billion US$ in 2014 and expected to reach XX billion US$ by 2020 at a CAGR of XX% during the forecasted period 2015-2020. Argentina is the second largest market for forage seed in the South America after Brazil. Argentina is the second largest producer of Alfalfa seed with the considerable area of 6.9 million hectares. Forage seed are utilized by the farmers to grow forage crops as a feed for grazing animals. Argentina also imports forage seeds from US despite being a significant market for export. The agriculture land availability and climatic condition has enhanced the productivity of forage seed in the region. Increasing demand for animal products and increasing population has increased the fodder consumption by livestock and has triggered the demand of forage seed in the market.
Forage seeds are cultivated into forage crops by the farmers to produce fodder for livestock. It is used by the millers, dairy farmers and forage farmers for the high yield of crops. These seeds are produced as per the species and variety of crops to be grown. Generally these seeds are utilized for the livestock feed production that are in high demand in the present market. The tropical forage grass are mainly produced in the region. Alfalfa forage seed dominates in Argentina covers around 4.7 million hectares for crop production. Bahiagrass, alfalfa, fescue and clover are the major forage seed varieties being produced and exported by the country.
The tremendous growth in livestock production leads to increase in consumption of animal feed which has boosted the forage seed market. The major drivers for the market are increased demand for dairy and animal products, increased export of cattle, increased in new technologies for higher productivity, growth in population and the shrinkage of land for the grazing animals. However the high investment for the forage seed production has affecting the market growth. Unpredictability of seed cycle, Soil condition, Climatic change, and the time incentive returns being the restraint for the market.
Market is segmented on the different crop type, product type and animal type. The market segmented on the crop type includes cereal crops, legumes or grasses for grazing animals. Forage seed product type is further sub segmented into the storage purpose forage and fresh forage. Forage are grown for conservation to preserve them for the time when it is unavailable in the market. It is stored as hay through drying process and as silage through fermentation process. The market segmentation through cattle type includes cross breed cattle, indigenous cattle and buffalos. The beef cattle contributes to the largest share in the market followed by Dairy cattle.
Availability of agriculture land area, large quantity of cattle livestock for meat export and the geographical climate provides good opportunity for the forage seed production in the region. The high investment in the production of forage seed is a big challenge for the market growth. The key players in the market are Alied Seed, DLF International seeds, Dynamic Seeds Ltd., Brett Young, Golden Acre Seeds, Moore Seed Processors, Pickseed Canada Ltd., Foster feed and seed, among others. The major players have indulge in the investment in R&D for innovative product, partnerships and market strategy for the pricing of product to sustain in the competitive market.
Market analysis for the Argentina Forage seed Market, with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the global Forage seed market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped