Global Maize/Corn Seed Market - Growth, Trends and Forecasts (2017 - 2022)
Maize or corn (Zea Mays) is the third largest planted crop after wheat and rice. The crop is mostly used and traded as a feed crop but is also an important food crop. The crop is a versatile cereal crop grown in tropical, subtropical, and temperate regions of the world.
Maize/corn is widely cultivated throughout the world; major producing countries with high demand for corn seeds are US, China, Brazil, Argentina, India, Mexico, Indonesia and France. The estimated global corn seed market value during 2015 was USD 19.44 billion. The market is expected to grow at CAGR of XX% by 2016-2021. Americas form the largest corn seed market, accounting for nearly 65% of the global market share. More than 90% of the corn seed market of the region is dominated with GM corn seeds.
The United States produce 40% of worldâ€™s harvest, the US corn seed market is reported to be the largest global market in terms of value. As of 2010, the maize planted areas for all purposes in US was estimated at 35 million hectares (87.9 million acres).
US, China, Japan and India are the major consuming countries for commercial seed market for corn. North America led by United States, is established itself as the most important region for global corn seed trade. Over the past decade, US corn seed market has been growing in quantity and value. While US is the major corn seed exporter, Italy, Mexico, Canada, France, and Spain are the largest importers of U.S. corn seed.
The new developments in genetic engineering specifically for corn has resulted in desired changes for better yield and quality. The genetically customized and technologically developed crops across the world has supported the seed market growth in past few years. Lower commodity prices have impacted value growth within the see market, particularly for corn seeds. The reduced maize areas in the United States and Brazil is likely to impact the global market for seeds in term of growth pace. As one of the recent developments, seed companies begin to plan their inventories more than a year before they are sold.
The global corn seed industry is not consolidated as the agrochemical sector yet; however, growerâ€™s choice is growing as the stacked trait varieties of crops is increasing. The global seed industry for corn remains fragmented due to market size and major player influences. Seed companies are investing more resources into research and development to strengthen their progress in major markets. Dupont, Dow AgroSciences, Advanta Seeds, Syngenta and Monsanto are the some of the largest global players for corn seed. Through high investments in plant breeding programs, Dow AgroSciences has captured a greater share of the North and South American corn seed market.
Key Deliverables in the Study
Market analysis for the Global Maize/Corn 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 Maize/Corn 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