Corn Seeds Market Size and Growth Rate:
Egg Processing Market Was worth USD 24.4 billion in 2019 and estimated to be growing at a CAGR of 7.93%, to reach USD 35.7 billion by 2024.
Corn Seeds Market Overview:
Corn Seeds market size was around USD 24.4 billion in 2019. It is expected to grow at a CAGR of 7.93% to reach USD 35.7 billion by 2024. After wheat and rice corn is the third largest planted crop worldwide. Though it is an important food crop, it is often utilized and traded as a feed crop. It is grown in temperate, tropical and sub-tropical regions of the world. Yield and quality of corn have improved considerably through genetic engineering, which is a primary driver of this market. Planning by major players in the market regarding stockpiling based on demand and supply conditions augurs well for robust market growth in the forecast as mentioned earlier period.
Corn Seeds Market Drivers and Restraints:
Lower commodity prices have adversely impacted the market, making it the primary restraint of market growth. Reduced land under corn acreage, especially in U.S. and Brazil, is a secondary factor constraining the growth of this market.
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