Corn Seeds Market Growth and Size | Industry Research Report 2026
Increasing investments by the major players promotes the Global Corn Seed Market
The global Corn Seed Market was valued at 25 million US dollars in 2021, which is estimated to reach a valuation of 32 million US dollars by 2026 at a CAGR of 7.2% during the conjecture period of 2021 to 2026.
In the month of September 2017, Bayer company acquired Monsanto with the aim to become the world’s largest seed and agriculture company.
In the month of December 2017, the collaboration between Bayer and Monsanto raise seed prices for farmers through integration and anti-competition tactics.
Market Drivers and Restrains:
The global market for Corn Seed is expected to grow at a significant rate as there is increasing focus of players in North America to innovate new technologies. Also, increasing yield and quality of corn which was improved significantly by genetic engineering are some of the major growth factors of Corn Seeds business revenue rate across globe. However, high commodity prices and reduced land under corn acreage are some of the restraints that are hindering the growth of the Corn Seed market.
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Report is segmented as:
The global Corn Seed market is segmented on the basis of type and on the basis of end user. By type, the market for Corn Seed is segmented into baby corn, sweet corn, field corn and popcorn. By end user, the Corn Seed market is segmented into animal feed, corn flour or meal, corn starch, corn syrup and others.
North America is expected to have a significant growth of corn seed market owing to the increasing value and quality of corn seed in some of the countries, especially United States and Canada. North America region is also expected to hold the dominance of the market during the outlook period. Asia Pacific holds the second largest share of the market owing to the increase in investments for new advancements in the nations like India, China, etc.
Impact of COVID-19 on Corn Seed Market
Due to coronavirus pandemic, all the industries including the Corn Seed related industries are facing a lot of difficulties since the production units have been halted due to the lockdown situations. In addition to this, the Corn Seeds demand has been reduced due to the unavailability of workforce to look after the operations which in turn resulted the companies to suffer financial crisis during this period. As per the analysis, the market of Corn Seeds is expected to boost up the revenue rate post release of the vaccine for COVID-19.
Key market players:
Major players of Corn Seed market include Syngenta, Bayer crop science AG, Dow...
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