Global Sunn Hemp Seeds Market - 2023-2030

Overview

Global Sunn Hemp Seeds Market reached US$ 121.2 million in 2022 and is expected to reach US$ 194.93 million by 2030, growing with a CAGR of 6.1% during the forecast period 2023-2030.

The sunn hemp seed market is experiencing growth due to a growing awareness of sustainable agriculture practices. Both consumers and farmers are increasingly interested in environmentally friendly and regenerative farming methods, which has led to an uptick in demand for sunn hemp seeds. One of the key factors driving this trend is sunn hemp's ability to improve soil health, making it an attractive choice for crop rotation and soil enrichment.

As concerns about the environment and the long-term sustainability of agriculture rise, sunn hemp has emerged as a valuable and popular crop due to its positive impact on soil quality. This trend aligns with broader efforts to promote sustainable and eco-friendly farming practices, positioning sunn hemp as a valuable asset in the agricultural landscape.

Green Manure holds the dominant share in the sun hemp seeds market due to its use in crop rotation systems Asia-Pacific commands the largest share of the sun hemp seeds market due to large-scale production and the rising livestock industry. According to the Livestock Census report published by the Ministry of Fisheries, Animal Husbandry & Dairying, India in April 2022, there are 536.76 million livestock in the country as a whole, a rise of 4.8% from the Livestock Census 2012. Sunn hemp is gaining traction as a high-protein fodder for livestock. With the rising livestock population in that region, the demand for sunn hemp seed is also rising.

Dynamics

Growing Demand for Sustainable Agriculture Practices

Sunn hemp (Crotalaria juncea) is a versatile plant used as a cover crop and green manure to enhance soil properties, reduce erosion, conserve water, and recycle nutrients. It can produce substantial biomass and nitrogen, up to 5,000 pounds and 100 pounds per acre, within a short period of 60 to 90 days. Originating in India, it has been historically used as a green manure, livestock feed, and non-wood fiber crop.

Sunn hemp is considered weedy in some regions and should be properly managed to prevent displacing desirable vegetation. It thrives in tropical or sub-tropical climates and grows well on a wide range of soils, especially poor sandy ones. The plant requires 8 to 12 weeks of warm weather for biomass and nitrogen production, making it suitable for use before and after a winter crop. It should be plowed under before full bloom to avoid excessive fibrousness.

Livestock Forage

Sunn hemp is a highly palatable forage crop with impressive nutritional values, including 25-30% crude protein and 22-28% neutral detergent fiber (NDF). It rivals the quality of other legumes like crimson clover. Effective management involves early grazing to maximize leaf production and branching. Animals can graze sunn hemp when it's 1.5 to 3 feet tall, down to about a foot from the ground.

Sunn hemp is known for its palatability to various livestock species. Animals tend to find it attractive and readily consume it, which encourages its use as a forage crop. The nutritional composition of Sunn hemp, including its protein and fiber content, can contribute to improved animal health and productivity. The rising awareness about the benefits of sunn hemp in livestock forage is in turn driving the demand for sunn hemp seed market growth.

Limited Availability

Sunn hemp is best suited for tropical and subtropical climates. Its growth may be restricted in regions with harsh winters or prolonged cold periods, limiting its market potential. Limited availability of Sunn hemp seeds can also drive up their cost, making them less economically viable for some farmers, especially in regions where alternative crops are more readily available and affordable.

Limited seed availability can hinder the development of a market for Sunn hemp products. Farmers and agricultural businesses may be hesitant to invest in the crop if they are uncertain about a reliable source of seeds.

Segment Analysis

The global sunn hemp Seed market is segmented based on nature, packaging, distribution channel, application, end-user and region.

Sunn Hemp as Green Manure for Enhancing Soil Health and Crop Sustainability

Green manure is one of the primary applications for sunn hemp seeds, particularly in agriculture and sustainable farming practices. Sunn hemp is known for its ability to improve soil health. When grown as a green manure crop, it adds organic matter to the soil, fixes atmospheric nitrogen, and enhances soil structure, making it more fertile and productive.

Farmers often use Sunn hemp as part of crop rotation systems to break pest and disease cycles and maintain the overall health of the soil. In September 2022, East-West Seed Thailand introduced a sustainability program to promote the inclusion of sunn hemp in farmers' crop protection cycles. The program includes instruction on seed collection for the upcoming crop cycle and 100 hectares of seed production zones.

Geographical Penetration

Asia-Pacific's Growing Sunn Hemp Seed Production

Sunn hemp is primarily grown as a fiber crop in the Asia-Pacific region, with India leading in cultivation, followed by China and Bangladesh. In India, sunn hemp covers approximately 45,000 hectares of agricultural land. The annual fiber production from sunn hemp in India amounts to 0.102 million bales, with each bale weighing 180 kilograms. On average, sunn hemp cultivation in India yields approximately 409 kilograms of fiber per hectare annually.

There is a growing emphasis on sustainable agriculture in Asia-Pacific. Sun hemp is a nitrogen-fixing legume, that enriches the soil with nitrogen. This nitrogen fixation reduces the need for synthetic fertilizers, which are often energy-intensive to produce and can have negative environmental impacts. Sustainable farming practices that incorporate sunn hemp can lead to healthier, more fertile soils. As there is a growing emphasis on sustainable agriculture and environmental conservation in the Asia-Pacific region, Sunn hemp as part of their agricultural strategies is also increasing.

Competitive Landscape

The major global players include Shree Raghvendra Agro Processors, Vijay Sai Trading Company, SIMPLY AFRICAN SEED COMPANY, Babulal Sarabhai & Co, Herbex Exports Pvt. Ltd., General Seed Company, Bulk Agro (India) Pvt. Ltd., CMS INDUSTRIES, Metro Trading Co, Vintage Farmers.

COVID-19 Impact Analysis

COVID Impact

In the early stages of the pandemic, disruptions in supply chains, lockdowns, and restrictions on transportation affected the availability of sunn hemp seeds and related agricultural inputs. This led to uncertainties and delays in planting and harvesting, impacting market stability. any agricultural activities rely heavily on manual labor. Lockdowns and health concerns led to labor shortages in some regions, affecting the cultivation and processing of sunn hemp seeds. Reduced labor availability can result in lower yields and production.

International trade was affected by the pandemic due to disruptions in shipping and logistical challenges. Export-oriented sunn hemp seed markets may have faced difficulties in reaching their target markets.

Russia- Ukraine War Impact

The conflict in the region disrupted sunn hemp seed supply chains, causing a notable decrease in market availability. This, in turn, triggered significant price volatility within the sunn hemp seed market. Prices fluctuated as market participants reacted to the uncertainties and changes in supply and demand dynamics resulting from the war.

The conflict's impact extended to both domestic and international markets, with potential long-term consequences for the industry. The disruption highlighted the vulnerability of agricultural supply chains to geopolitical conflicts.

By Nature

• Organic
• Conventional

By Packaging

• Jute Bags
• Plastic Packets
• Others

By Distribution Channel

• Supermarket/Hypermarket
• Convenience Stores
• E-Commerce
• Others

By Application

• Green Manure
• Animal Feed
• Fiber Production

By End-User

• Animal Feed Industry
• Textile Industry
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In August 2022, Godrej Agrovet introduced the mission Red Gram. With Mission Red Gram, Godrej Agrovet is raising awareness among growers about the value of pollinators in enhancing both the quantity and quality of output through Mission Red Gramme. To provide solitary bees with foraging areas and to set up "Bee Hotels," farmers are urged to cultivate sun hemp on the edges of their fields.

Why Purchase the Report?

• To visualize the global sunn hemp seeds market segmentation based on nature, packaging, distribution channel, application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of sunn hemp Seeds market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global sunn hemp Seeds market report would provide approximately 77 tables, 77 figures and 187 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies