According to the report “Forage Seeds Market“, published by Market Data Forecast, the global market is projected to reach USD 15.85 Billion by 2021, at a CAGR of 8.3% from 2016 to 2021.
Forage seeds are used by the farmers to grow forage crops such as Alfalfa, Clover, sorghum, Berseem which are utilized by the grazing livestock as a feed. Forage plants are first breed by the forage breeder to obtain forage seeds which is then supplied to the seed grower and conditioner for further processing and conditioning to get the purified seed with high potential.
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Forage seeds are available in the market at a very low price, which is a key factor positively impacting the market’s growth in the global scenario. The growing population of livestock, particularly the rise in the population of genetically modified animals has propelled the demand from the forage seeds market. In addition, the economic benefits of cultivating forage seeds, such as crop rotation and risk diversification, are further contributing to the growth of the forage seed market globally.
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Global Market for Forage seeds segmented by Plant type, Livestock and Region
1. By Plant Type:
2. By Livestock Type:
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Prominent players dominating the forage seeds market are Hancock Farm & Seed Co., Golden Acre Seeds, Dynamic Seeds Ltd., Northstar Seed Ltd., Brett young, Moore Seed Processors, Foster’s Seed and Feed, Allied Seed, LLC, BASF SE and Dow AgroSciences LLC.
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