Global Forage Seed Market Is Predicted to Reach Us$17.5 Bn by 2020

Transparency Market

Research

Global Forage Seed Market - Industry Analysis, Size,

Share, Growth, Trends and Forecast 2014 - 2020

Published Date

02-03-2015

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

REPORT DESCRIPTION

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...