Maize Seeds Market Outlook 2031:
The global maize seeds market size was valued at USD 23.50 Billion in 2022 and is projected to reach USD 33.45 Billion by 2031, expanding at a CAGR of 4% during the forecast period 2023 - 2031. The growth of the market is attributed to the rising inclination toward healthy and organic feed products.
Maize is derived from Balsas teosinte, also known as wild grass. The corn plant is a tall annual grass with a solid stem and stout. The huge narrow leaves have wavy edges and are dispersed alternately on opposite sides of the stem. Maize is one of the forage crops sown globally.
It is a nutritive crop that can be fed at any point of growth. Varieties of white and yellow corn are the mostly used in food items; however, assortments with red, blue, pink, and dark parts are frequently spotted or striped. Maize seeds is also the important sources for the production of organic fungicides and pesticides.
Commercial classifications, based mainly on kernel texture, includes flint corn, dent corn, flour corn, popcorn, and sweet corn. Dent corn is generally grown for production of animal feed. Flint corn, rich in soft starch, is used in decoration. Flour corn, composed mainly of soft starch, has mealy, soft, and easily ground kernels and is a vital source of maize flour. Sweet corn is a translucent seed. While popcorn is an extreme class of flint corn characterized by soft starch.
Maize Seeds Market Trends, Drivers, Restraints, and Opportunities
- Rapid increase in raw material demand from the bio-fuel industry for production of second generation bio-oil is expected to boost the maize market.
- High demand for superior quality food to feed increasing population is anticipated to spur the market growth during the forecast period.
- Growing governments focus on boosting the agriculture sector is estimated to drive the market growth.
- Rising demand for maize among livestock is estimated to drive the market growth.
- Decrease in seed yield owing to soil erosion and lack of soil fertility is anticipated to restrain the market development.
- Overcoming biotic challenges can create new opportunities in the market development in the projected timeline.
Scope of the Maize Seeds Market Report
The report on the global maize seeds market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Maize Seeds Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Conventional Seeds, Genetically Modified Seeds, and Non Genetically Modified Seeds)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Corteva Agriscience; Groupe Limagrain; UPL limited; Bayer CropScience AG; and Syngenta AG
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Maize Seeds Market Segment Insights
Non genetically modified segment is expected to grow at a rapid pace
Based on types, the market is divided into conventional seeds, genetically modified seeds, and non genetically modified seeds. The non genetically modified segment is expected to grow at a rapid pace during the forecast period due to the rapid increase in the demand for naturally grown maize owing to rising health consciousness and its nutritious nature.
North America is anticipated to constitute a key market share
In terms of regions, the maize seeds market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the forecast period. The market in the US, a country in North America, has drastically changed over the last few years owing to increasing demand from the agriculture sector.
Growing demand from sugar and allied industries is anticipated to facilitate the market growth in the region. On the other hand, Asia Pacific is expected to grow at a substantial rate owing to rising focus of government agencies in India and China on agriculture sector.
Segments
The global maize seeds market has been segmented on the basis of
Types
- Conventional Seeds
- Genetically Modified Seeds
- Non Genetically Modified Seeds
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the maize seeds market are Corteva Agriscience; Groupe Limagrain; UPL limited; Bayer CropScience AG; and Syngenta AG.
Some of these players are adopting several business strategies, which includes acquisitions, mergers, collaborations, partnerships, and capacity expansion to enhance their market share while others are focusing on research and development to strengthen their market position.