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Global Sorghum Seed Market Is Driven by Growing Demand Biofuel across the Globe

Business News/Analysis, Feedstocks, Field/Orchard/Plantation Crops/Residues, Marketing/Market Forces and Sales
May 18, 2018
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(Futures Trading Charts)  The global sorghum seed market revenue is expected to expand at a lucrative CAGR over the forecast period. Sorghum is a cereal grain used as human feed and livestock feed and the rest is turned into ethanol. Sorghum is drought resistant and shows efficient yields even in regions with scarcity of water. One of the species is grown for grain and others are used as fodder plants. Sorghum is efficient in converting solar energy to chemical energy, and also uses less water compared to other grain crops.

The global sorghum seed market report has been segmented on the basis of product type, application, and region.

On the basis of product type, the global sorghum seed market has been segmented into grain sorghum, sweet sorghum, forage sorghum, and biomass sorghum. Penetration of sweet sorghum is expected to grow over the forecast period. Sweet sorghum is used for biofuel production. Thus, increase in demand for biofuels is anticipated to drive the market growth.

On the basis of application, the global sorghum seed market has been segmented into sorghum planting and sorghum breeding. Sorghum planting segment is expected to witness steady growth over the forecast period owing to increasing demand for biofuels and alcoholic beverages production. READ MORE

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animal feedbiomass sorghumdrought tolerantdrought-resistantfoodfood and fuelforage sorghumgrain sorghum/milomarkets/salessorghumSweet sorghum
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