Maize Seed Market - Growth, Trends, and Forecast (2019 - 2024)

The Maize Seed Market is segmented by Geography.

Market Snapshot

Market Snapshot
Study Period:

2015-2024

Base Year:

2018

Fastest Growing Market:

South America

Largest Market:

Asia Pacific

Key Players:

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Market Overview

  • Maize or corn (Zea Mays) is the third-largest planted crop, after wheat and rice. The crop is mostly used and traded as a feed crop, but it is also an important food crop. Corn is a versatile cereal crop grown in tropical, subtropical, and temperate regions of the world. 
  • The maize/corn seed market is projected to record a robust CAGR of 5.5% during the forecast period 2019-2024.
  • The analysis indicates that new product launches and product development are the most adopted strategies by major players in the industry. 

Scope of the Report

The present report carries out an in-depth analysis of the maize/corn seed market, providing information on utilization of seeds. Maize or corn (Zea Mays) is the third-largest planted crop, after wheat and rice. The crop is mostly used and traded as a feed crop, but it is also an important food crop. Corn is a versatile cereal crop grown in tropical, subtropical, and temperate regions of the world.

Maize/corn is widely cultivated throughout the world; major producing countries with high demand for corn seeds are the United States, China, Brazil, Argentina, India, Mexico, Indonesia, and France. The Americas form the largest corn seed market, accounting for nearly 65% of the global market share.

 

Geography
North America
US
Canada
Mexico
Rest of North America
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Africa
Egypt
South Africa
Rest of Africa

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Key Market Trends

Expansion of Area under Maize

The global area harvested under corn has grown at a CAGR of 1.5% during the period 2010-2011 to 2018-19. The corn seed sectors, particularly in South America, are promising regions for growth, with overall growing industrial demand for corn. Consumption is expected to be higher, driven mainly by the demand for animal feed. The use for fuel ethanol is projected to rise quite slowly.  

Increasing demand for animal feed is expected to pick up pace in the future, owing to the growing demand, economic growth, rise in income, and increasing demand for livestock and consumer preferences.

Trend1

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Asia-Pacific to Dominate the Market

Asia-Pacific holds a share of 27% in 2018-2019, in terms of global area harvested under corn. In the Asia-Pacific region, corn plays a vital role, especially in animal feed, as well as for food and industrial consumption. For industrial use, corn serves as a feedstock for starches and sugars, which further have wider applications. Government support is further encouraging higher sales of corn seeds in the region, as the governments across the region are supplying the farmers with low-cost and high-quality seeds.

region

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Competitive Landscape

The maize seed market is not concentrated, as the agrochemical sector; however, the farmer’s choice is growing, as the stacked trait varieties of crops are increasing. The global seed industry for corn remains fragmented, due to market size and major player influences. Seed companies are investing more resources into R&D to strengthen their progress in the major markets. DowDuPont, Advanta Seeds, Syngenta AG, and Bayer CropScience AG are the some of the main global players in the market studied. Through high investments in plant breeding programs, Dow DuPont has captured a greater share of the North and South American corn seed market.

Major Players

  1. DowDuPont Inc.
  2. Advanta Seeds
  3. Syngenta AG
  4. Bayer CropScience AG

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

      1. 4.3.1 Expansion of Area under Maize

      2. 4.3.2 Advancements in Breeding Technologies

      3. 4.3.3 Rising Demand for Corn as Human Food and Starch in the Industrial Sector

      4. 4.3.4 Expanding Demand from the Poultry and Animal Feed Sector

    4. 4.4 Market Restraints

      1. 4.4.1 Rising Concerns over GM Seeds

      2. 4.4.2 Years Involved in Development of New Traits

      3. 4.4.3 Lower Prices Affecting Profitability

    5. 4.5 Value Chain / Supply Chain Analysis

    6. 4.6 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.6.1 Threat of New Entrants

      2. 4.6.2 Bargaining Power of Buyers/Consumers

      3. 4.6.3 Bargaining Power of Suppliers

      4. 4.6.4 Threat of Substitute Products

      5. 4.6.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Geography

      1. 5.1.1 North America

        1. 5.1.1.1 US

        2. 5.1.1.2 Canada

        3. 5.1.1.3 Mexico

        4. 5.1.1.4 Rest of North America

      2. 5.1.2 Europe

        1. 5.1.2.1 Germany

        2. 5.1.2.2 UK

        3. 5.1.2.3 France

        4. 5.1.2.4 Spain

        5. 5.1.2.5 Italy

        6. 5.1.2.6 Rest of Europe

      3. 5.1.3 Asia-Pacific

        1. 5.1.3.1 China

        2. 5.1.3.2 Japan

        3. 5.1.3.3 India

        4. 5.1.3.4 South Korea

        5. 5.1.3.5 Rest of Asia-Pacific

      4. 5.1.4 South America

        1. 5.1.4.1 Brazil

        2. 5.1.4.2 Argentina

        3. 5.1.4.3 Rest of South America

      5. 5.1.5 Africa

        1. 5.1.5.1 Egypt

        2. 5.1.5.2 South Africa

        3. 5.1.5.3 Rest of Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Mergers and Acquisitions

    3. 6.3 Company Profiles

      1. 6.3.1 Advanta Seeds

      2. 6.3.2 Bayer CropScience AG

      3. 6.3.3 China National Seed

      4. 6.3.4 CP Seed

      5. 6.3.5 DLF Trifoliu

      6. 6.3.6 DowDuPont Inc.

      7. 6.3.7 Groupe Limagrain

      8. 6.3.8 Hefei Fengbao

      9. 6.3.9 ICI Seeds

      10. 6.3.10 Nuziveedu Seeds

      11. 6.3.11 Pacific Seeds

      12. 6.3.12 Syngenta AG

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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