Global
Forage & Crop Seeds Market is expected to grow at a significant CAGR in the
upcoming years as the scope and its applications are increasing across the
globe. Plants consumed by animals, mainly livestock are referred to forage. The
vegetative section of the plant; mainly leaves and stems is forage that is
eaten by livestock. Forage crops are fibrous in nature and hence are beneficial
to ruminant livestock for proper digestion. In addition, they also provide
essential nutrients such as minerals, protein, and vitamins.
The
factors that propel the growth of the Forage & Crop Seeds Market include
increasing population, rapid growth in demand for animal feed, rising livestock
population, and enhancement in the quality & quantity of forage crops. On
the other hand, there are also factors that may hamper the growth of the market
such as dearth of awareness among consumers. Forage & Crop Seeds Market is
classified on the basis of product type, applications, distribution channel and
geography. Forage & Crop Seeds Market is segmented by product type as
barley, clover, oats, rye, wheat, and others.
Forage
& Crop Seeds Market is classified on applications as farm, greenbelt,
pasture and others. Forage & Crop Seeds Market is segmented by distribution
channel as online stores, specialty stores and others. Forage & Crop Seeds
Market is classified on the basis of geography as North America, Latin America,
Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa.
The North American region consists of the U.S., and Canada. Latin America
region consists of Mexico and Brazil. The Western European region consists of
Germany, Italy, France, England and Spain. The Eastern European region consists
of Poland and Russia. Asia Pacific region consists of China, India, ASEAN,
Australia& New Zealand. The Middle East and African region consists of GCC,
South Africa and North Africa. By geography, North American region is projected
to account a major share of the Forage & Crop Seeds Market.
Some
of the key players that fuel the growth of the Forage & Crop Seeds Market
include AMPAC Seed Company, Advanta Seed, Allied Seed, Brett Young, Barenbrug
Holding, Dynamic seeds, Dow Agro Sciences LLC, E.I. du Pont de Nemours and
Company, Foster Feed and Seed, Hancock Seed Company, Golden Acre Seeds, Moore
Seed Processors, Monsanto, Imperial Seed, and others. The key players are
focusing on inorganic growth to sustain themselves amidst fierce competition.
As such, mergers, acquisitions, and joint ventures are the need of the hour.
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