Silage Corn Seed Market Size, Share, Growth, and Industry Analysis by Type (GMO and Non-GMO) By Application (Farm Planting and Personal Planting), Regional Insights, and Forecast From 2024 To 2031

Updated On: 20 November 2023

Silage Corn Seed Market Report Overview

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The global silage corn seed market size is expected to be USD 6203 million in 2021 and is projected to touch USD 8860.9 million by 2031, exhibiting a CAGR of 3.6% during the forecast period.

GMO maize that has been altered for the production of silage is known as silage corn seed. It is possible to grow a particular variety of corn that is used to make the animal feed known as silage. The development of silage corn seed with a greater sugar content than other varieties of corn make it more suitable for the fermentation process that results in silage, making it a vital component in the production of silage. Increased amounts of lignin in GMO silage corn seed boost its resistance to fermentation and provide superior silage.

Any creature whose genetic material (DNA) has been altered in a way that does not happen normally is referred to as a genetically modified organism (GMO). The most typical method of accomplishing this is by the insertion of a gene from a different species into the organism's DNA. For instance, the bacterial genes that were put into the DNA of Monsanto's genetically engineered maize and soybeans allow them to create insecticides as well as other beneficial proteins for farmers.

A plant, seed, fruit, or vegetable that has been genetically altered to withstand pesticides is known as a genetically modified organism, or GMO. Incorporating a gene from a different species that may aid in plant development but is not in the plant's native state is the most prevalent type of genetic alteration. Foods that have not been created using biotechnology are known as non-GMO foods. These processes entail altering an organism's genes to bring about a new trait or characteristic. In several instances, scientists may employ biotechnology techniques to enhance the nutritional value of crops or their resistance to pests and herbicides.

COVID-19 Impact: Disrupted Supply Chain to Hamper the Market Demands

The global COVID-19 pandemic has been unprecedented and staggering, with silage corn seed experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The COVID-19 pandemic badly affected the silage corn seed market due to supply chain disruptions and shortage in raw materials was also observed. Shortage of labor and strict protocols such as lockdowns and restrictions on movement created roadblocks, disruptions in end-use sectors of the product led to lower demand.

LATEST TRENDS

"Frequent Utilization of Animal Feed to Drive the Market in the Long Run"

With more than 60.0% of the total revenue, the farm planting application segment dominated the silage corn seed market globally. The product is frequently utilized as animal feed, particularly in nations like Brazil and India where sugarcane is abundantly farmed. The agro-based industry's increasing need for ethanol has also fueled the expansion of this sector, which has in turn increased demand for silage corn seeds in recent years. During the projection period, the silage corn seed market for personal planting is expected to see the quickest rate of growth. One of the key factors influencing the demand for these seeds in this application sector is the rising popularity of kitchen gardens and home gardening.

Silage Corn Seed Market Segmentation

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• By Type Analysis

By type, market is segmented into GMO and Non-GMO. The GMO segment will dominate the market in the coming years.

• By Application Analysis

Based on applications, the market is farm planting and personal planting. The farm planting segment will lead the global share through 2028.

DRIVING FACTORS

"Increase in Demand for Animal Feed to Drive the Market"

Increasingly, ruminants are using corn silage due to its high energy content and simple digestion, which has led to its increased adoption. Harvested corn silage contains brown and dead leaves, and this silage is of high quality and gives domestic animals plenty of iron.

The primary factors influencing the market that are causing it to expand at a quick pace are an increase in demand for animal feed due to the expansion of the livestock industry and growing farmer awareness of the advantages of silviculture.

"Technological Development in Silage Corn Harvesting and Storage Techniques to Boost the Market"

The development of the silage corn market is a result of technological developments in silage corn harvesting and storage techniques. The government's measures and incentives to encourage the development of silage corn as well as the rising demand for biofuels made from renewable sources are also boosting the market.

It is simple for consumers to use corn silage. It just has to be made once, and then it may be kept for around two years. Compared to other feed, it is more nutritious. The sales of corn silage are expected to rise as a result of these developments in the upcoming years.

RESTRAINING FACTORS

"Adverse Weather Conditions to Hinder the Market"

When corn silage is not properly stored dry and is subjected to adverse weather conditions, such as a rainy climate, it can become ruined and rot. Because of this, the market for corn silage is likely to experience some growth restrictions because the rotten corn silage cannot feed cattle.

In addition, it is challenging for the suppliers to transport large quantities of corn silage, which could impede future market expansion. Furthermore, the growth of the market may be impacted by aerobic microorganisms and plant enzymes.

Silage Corn Seed Market Regional Insights

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"Asia Pacific’s Global Silage Corn Seed Market Share to Grow Rapidly within the Forecast Period"

Over the course of the forecast period, the Asia Pacific region is anticipated to maintain its dominance of the silage corn seed market. Due to the high adoption rate of alternative agricultural techniques together with supportive government efforts, the region accounted for a share of more than 60% in terms of income. Some of the top users of silage corn seeds in the Asia Pacific area include China, India, Japan, and Australia.

A growing awareness of sustainable agriculture among farmers and consumers alike is expected to make North America one of the regional markets with the fastest growth between 2018 and 2028. Moreover, growth during this time will be fueled by the rising demand for organic food products. A significant increase in government initiatives to support sustainable agriculture is expected to drive growth in the Middle East and Africa during the forecast period. Due to their significant agricultural industries, Brazil and South Africa are also anticipated to be significant markets in these areas.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Market Players Profiled

• Corteva Agriscience (U.S.)
• Bayer (Germany)
• Syngenta (Switzerland)
• KWS (Kenya)
• Limagrain (France)
• Denghai (China)
• Beidahuang Kenfeng (China)
• China National Seed Group (China)

REPORT COVERAGE

The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.