DUBLIN--(BUSINESS WIRE)--The "Sorghum And Sorghum Seeds Market" report has been added to ResearchAndMarkets.com's offering.
The Global Sorghum and Sorghum Seeds Market size was $11.8 billion by 2021 and is poised to grow at a CAGR of 3.8% over the forecast period of 2022-2027.
Sorghum contains nutraceuticals like phenols and tannins, which are antioxidants connected to the protection of some human illnesses like Cancer, Alzheimer's. The remaining sorghum is used for human and livestock feed, with the rest being converted to ethanol. It effectively transforms solar energy into chemical energy and requires less water than other grain crops. Biofuel is made from sweet and biomass sorghum, which can be utilized to make syngas and charcoal.
Demand for more cost-effective and ecologically friendly fuel sources is growing, especially in developing countries like Russia, China, India, Indonesia, and others. An increased focus on energy security, combined with a rise in crude oil prices, are other major reasons driving the sorghum and sorghum seeds industry. The creation of hybrid sorghum cultivars with extraordinary characteristics is estimated to boost future demand for sorghum seeds.
Global Sorghum and Sorghum Seeds Market Drivers
Farmers are becoming more interested in growing sorghum as a result of its ability to adapt well to dry conditions, which is boosting the market growth.
The business is being pushed by the growing demand for sorghum seeds as a result of an increasing number of farmers sowing sorghum seeds. According to the Agricultural Marketing Resource Center (AgMRC) Organization, the global area planted to sorghum has increased by 66% in the previous 50 years.
Since sorghum seeds can withstand drought, soil toxicity, and temperature fluctuations better than other forage seeds, a large number of farmers sow sorghum seeds in sorghum seeds. In areas where there is a dearth of moisture, sorghum seeds can be sown. Sorghum seeds thrive in dry, low-fertility conditions. Sorghum seeds give farmers higher yields than seeds from other fodder crops. Hence, the market is boosting owing to high biofuel production from sorghum.
Sorghum and sorghum seeds market growth is aided by the rising consumption of sorghum seeds in daily diet.
The worldwide sorghum seed market is being driven by the increasing use of sorghum seeds in everyday diets. As a result of its adaptability, sorghum is being used in fields such as floral arrangements, fencing, building material, pet food, and other applications, which is a major driving force for the global sorghum market.
According to Lybrate 2020, the immediate benefit of sorghum's high dietary fiber content is improved heart health. The high fiber content of sorghum grain aids in the removal of LDL cholesterol or bad cholesterol as it is more commonly known. This significantly improves heart health and can prevent the body from a variety of cardiovascular diseases such as heart attack, stroke, and atherosclerosis.
Furthermore, owing to its ability to provide a good supply of dietary phospholipids, sorghum is commonly utilised in animal feed. Sorghum syrup demand is being bolstered by rising meat consumption in many parts of the world. Global meat consumption climbed by 58% over the last 20 years, reaching 360 million tonnes in 2018, according to the Australian Department of Agriculture.
Countries all around the world are investing in the expansion of the sorghum seed business in order to take advantage of arid terrain with limited water resources. Similarly, owing to the benefits, the private sector is motivated to invest in sorghum seeds owing to the substantial return on seed sales. Therefore, the rising use of sorghum seeds is increasing the market.
Global Sorghum and Sorghum Seeds Market Challenges
The market's expansion is impeded by sorghum seeds' short shelf life
Sorghum seed treatments can prevent seed and seedlings from low-moderate insect attacks during the emergence and development of industrial plants. Despite the short duration of the protection, crop loss and pest establishment are estimated to be postponed. For instance, treated seeds have a short shelf life, seed germination, and vigor decline at a rapid rate, particularly in sorghum seeds.
The physical and chemical properties of the formulation have an impact on microbe survival. It is challenging to maintain the viability of coated microorganisms in seeds, resulting in lower shelf life. Growers have been slow to embrace beneficial agricultural strategies such as dose-restricted pesticide usage and crop rotation. Thus, sorghum seeds' short shelf life is one of the key challenges for the Market.
However, sorghum and sorghum seed development are being funded and invested in by a number of firms. For example, the World Bank-supported 87 seed sector initiatives totalling US$513 million, with a significant concentration on marginal commodities like sorghum supporting the market growth
Key Takeaways
- Geographically, North America held a dominant market share in the year 2021 on account of a strong medical infrastructure in place to treat a variety of diseases, as well as essential manufacturers in the industry. Asia-Pacific is estimated to offer lucrative growth opportunities to the manufacturers owing to the fewer expenses required for cultivation. The rising use of sorghum seeds in the daily diet is predicted to augment the market growth during the forecast period of 2022-2027.
- Sorghum's adaptability to weather conditions and health benefits are driving the market growth of Global Sorghum and Sorghum Seeds Market. The short shelf life of seeds is estimated to restrain the growth of the Global Sorghum and Sorghum Seeds Market.
- A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Global Sorghum and Sorghum Seeds Market Report.
Global Sorghum and Sorghum Seeds Industry Outlook
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Global Sorghum and Sorghum Seeds Market.
The top 10- Global Sorghum and Sorghum Seeds Market companies are
- Advanta seeds
- Nuseed
- Archer Daniels-midland company
- Richardson seeds, Ltd.
- Mabele fuels pty (Ltd)
- National sorghum producers
- Corteva Agriscience
- Bayer Cropscience LLC
- Groupe Limagrain
- KWS SAAT SE & CO. KGaA
Recent Developments
- In March 2021, Corteva Agriscience launched InzenTM herbicide-tolerant trait. The new Inzen trait, which is exclusive to Pioneer brand sorghum, enables the application of ZestTM WDG herbicide postemergence to give outstanding control of yield-depleting annual grasses including foxtail, barnyard grass, and panicum.
- In October 2021, Crystal Crop Protection Ltd and Bayer CropScience have established an agreement to acquire Cotton, Mustard, Pearl Millet, and Grain Sorghum hybrids in India. Both parties will collaborate to finalize the purchase by December 2021, according to the business.
- In May 2020, Barenbrug Australia Pty Ltd and Nuseed Pty Ltd, a wholly-owned subsidiary of Nufarm Limited, announced that they have signed a formal agreement for Barenbrug Australia to license Nuseed Australia's sorghum and sunflower germplasm portfolio, as well as provide R&D, plant breeding, and commercialization services.
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