Sorghum Seed Market to Grow with a CAGR of 5.68% through 2028

By | March 1, 2024
Global sorghum seed market

Changing dietary preferences, climate resilience, and supportive government policies are expected to drive the Global Sorghum Seed Market growth in the forecast period, 2024-2028.

According to TechSci Research report, “Sorghum Seed Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Sorghum Seed Market stood at USD 1.82 billion in 2022 and is anticipated to grow with a CAGR of 5.68% in the forecast period, 2024-2028. This can be attributed to government initiatives and policies. In various regions, governments are actively promoting sorghum cultivation through subsidies, research funding, and policy support. These initiatives aim to enhance food security, promote sustainable agriculture, and support rural economies. Such governmental backing provides a favorable environment for farmers to invest in sorghum cultivation, fostering the growth of the sorghum seed market.

Furthermore, with the increasing demand for organic products, there is a notable trend towards the expansion of organic sorghum cultivation. Consumers are seeking organic and non-GMO options, prompting farmers to explore organic farming practices for sorghum. This trend is likely to influence the availability of organic sorghum seeds in the market, catering to a discerning consumer base.

The global sorghum seed market is a dynamic sector driven by various factors, including agricultural trends, technological advancements, and economic conditions. Sorghum, a versatile cereal crop, plays a crucial role in food and feed production, making its seed market a significant component of the broader agricultural industry.

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Growing awareness of sustainable agriculture practices has fueled the demand for sorghum seeds, known for their resilience to harsh environmental conditions. Adoption of advanced breeding techniques and biotechnology has led to the development of high-yielding and disease-resistant sorghum varieties, contributing to market growth.

The Global Sorghum Seed Market is segmented into type, regional distribution, and company.

Based on its type, Open-Pollinated Varieties (OPVs) are poised to dominate the global sorghum seed market for several compelling reasons. First and foremost, OPVs offer farmers the advantage of seed saving and adaptation, allowing them to replant seeds from their harvest, thereby reducing the recurring cost of purchasing new seeds each planting season. This cost-effectiveness appeals to a wide range of farmers, particularly those in resource-constrained regions. Additionally, OPVs often demonstrate greater resilience and adaptability to diverse agro-climatic conditions, providing a robust solution for farmers facing unpredictable weather patterns and changing environmental conditions. Moreover, the increasing emphasis on sustainable agriculture practices and the growing awareness of the benefits of biodiversity contribute to the rising popularity of OPVs. As a result, the demand for Open-Pollinated Varieties in the global sorghum seed market is expected to surge, making them a dominant and preferred choice among farmers worldwide.

Based on region, Sorghum seeds have found their largest market in North America, as reported by the USDA, making the region a key player in the global sorghum seed trade. North America stands out as one of the leading exporters of sorghum seeds, with major importers including Japan, Mexico, and the Philippines. Notably, sorghum varieties in the United States boast a complete absence of tannins, making them particularly suitable for poultry diets with minimal adjustments to other dietary components. In 2016, the Canadian government took a significant step by introducing the “National Structure Adjustment Plan for Crop Farming (2016-2020),” identifying sorghum forage as a viable substitute for corn. These proactive government initiatives aimed at fostering sorghum production are expected to positively impact the sales of forage sorghum seeds in the region.

Major companies operating in Global Sorghum Seed Market are:

  • UPL Ltd
  • Corteva Inc
  • Bayer CropScience AG
  • KWS Saat SE & Co KGaA
  • Groupe Limagrain Holding SA
  • Nufarm Ltd
  • Pannar Seed Pty Ltd
  • Allied Seed LLC
  • Seed Co Ltd

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“The future of the Global Sorghum Seed Market is marked by promising trends that align with the broader shifts in agriculture and consumer preferences. From climate resilience and technological integration to nutraceutical applications and sustainability, these trends are set to redefine the role of sorghum in global food systems. As stakeholders across the agricultural value chain embrace these trends, the sorghum seed market is positioned to play a vital role in addressing the challenges and opportunities of the evolving agricultural landscape,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Sorghum Seed Market Type (Open-Pollinated Varieties Source, Hybrids), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Sorghum Seed Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Sorghum Seed Market.

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