Global Forage Seed Market is Predicted to Reach US$17.5 bn by 2020

Global Forage Seed Market is Predicted to Reach US$17.5 bn by 2020

  • Submitted By: amyjames
  • Date Submitted: 09/11/2016 10:21 PM
  • Category: Business
  • Words: 1260
  • Page: 6

Transparency Market

Global Forage Seed Market - Industry Analysis, Size,
Share, Growth, Trends and Forecast 2014 - 2020

Published Date

81 Page Report

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Press Release

Changing Food Habits of Consumers to Open New Growth
Avenues for Forage Seed Producers, Says TMR

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Forage Seed Market


With similar market shares, the leading forage seed producers, Allied Seed LLC, S&W Seed Co., and
Hancock Farm & Seed Co. Inc., are embroiled in intense competition, finds a study published by
Transparency Market Research (TMR). These players are aggressively focusing on developing their
distribution channels to expand their reach across the world. Strategic partnership with local distributors in
emerging economies is likely to emerge as a key trend among leading participants in this market over the
next few years, states the research report.
According to TMR, the global forage seeds market is likely to increase at a CAGR of 8.40% during the
period from 2014 to 2020 and present an opportunity worth US$17.5 bn by the end of the forecast period.
Alfalfa seeds have been reporting a higher demand than other forage seeds and are likely to continue
doing so over the forecast period, notes the study.
Asia Pacific to Surpass Europe in Near Future
The study also presents a geographical analysis of the worldwide market for forage seeds and identifies
North America, Asia Pacific, Europe, and the Rest of the World as the key segments of this market. North
America and Europe have been leading the demand for forage seeds across the world. North America
surfaced as the key consumers of forage seeds in 2014 acquiring more than one-third of the overall
market. Analysts at TMR project this region to maintain its...

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