Oilseed and Grain Seed Market to Rise due to Growing Global Population
Market Research Future (MRFR) has announced the release of a new report on the global oilseed and grain seed market. The report examines the global oilseed and grain seed market in detail by profiling the leading segments of the market, the leading players operating in the market, and the major drivers and restraints affecting the growth of the market. The past growth patterns of the global oilseed and grain seed market are studied in great detail in the report in order to provide a solid foundation for projections about the market’s future growth trajectory over the forecast period.
The Global Oilseed and Grain Seed Market Share CAGR of 4.20% is estimated to reach USD 243.542 billion, registering a from 2023 to 2030.
The demand for oilseed and grain seed has been driven at a solid rate over the last decade and more due to the constant increase in the global population. This has driven the demand for food crops and is likely to remain the key driver for the oilseed and grain seed market over the forecast period. The rising affluence of consumers in emerging regions such as Southeast Asia, the Middle East, Africa, and South America is likely to be a major driver for the global oilseed and grain seed market over the forecast period, as these consumers are now financially able to purchase increasing amounts of oilseed and grain seed products. The rising prosperity in these emerging regions is thus likely to be a major driver for the global oilseed and grain seed market over the forecast period.
The global oilseed and grain seed market is segmented on the basis of type and seed type.
The global oilseed and grain seed market is bifurcated into oilseed and grain seed by type. Of these, the oilseed segment is further sub-segmented into soybean, sunflower, canola, and cotton, while the grain seed segment includes corn, wheat, rice, and millet.
By seed type, the global oilseed and grain seed market is segmented into seeds with traits and other seeds. The seeds with traits segment is segmented into seeds with herbicide resistance and seeds with insecticide resistance.
Regionally, the global oilseed and grain seed market is segmented into North America, Europe, Asia Pacific, and rest of the world.
The U.S. and Asia Pacific hold the largest cultivation areas for oilseed and grain seed and are likely to remain the global leaders in the market over the forecast period. The traditional stronghold of the agriculture industry in the U.S. is likely to continue to drive the oilseed and grain seed market over the forecast period, as the country is home to some of the largest grain producing companies in the world and is likely to remain a dominant leader in the market in the coming years. Two of the top five grain producing companies in the world are situated in the U.S.
Asia Pacific has always been an agriculture-centric region, with several countries in the region still relying primarily on agriculture for their GDP. This is likely to drive the Oilseed and Grain Seed Market Trends in the region over the forecast period. The rising population in Asia Pacific is also likely to drive the oilseed and grain seed market in the region over the forecast period. Governments in the region are also looking to achieve large-scale technological updation of the agriculture sector, which could also benefit the oilseed and grain seed market in the region over the forecast period. China is the second largest producer of oilseed and grain seed in the world, which could prove to be a major factor in ensuring the Asia Pacific oilseed and grain seed market’s constant growth over the forecast period.
Leading players in the global oilseed and grain seed market include Bayer Cropscience AG, Dow AgroSciences LLC, Gansu Dunhuang Seed Co. Ltd., Krishidhan Seeds Pvt. Ltd., Land o’Lakes Inc., Limagrain, KWS Saat AG, Hefei Fengle Seed Co. Ltd., DuPont de Nemours and Company, and Burrus Seed Farm.
In October 2018, Cargill announced plans to shut down its crush plant in northwest New South Wales due to an impending reduction in the supply of affordable cottonseed.
About Market Research Future:
Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.
Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071