In analyzing the forecast for sugar crops seed in India from 2024 to 2028, we note a gradual decline in volume starting from 14.63 million metric tons in 2024 to 14.17 million metric tons in 2028. This observed trend shows an annual decrease in volume, with each subsequent year slightly lower than the previous one. The year-on-year variation indicates a consistent drop of approximately 0.82% per year.
For context, the actual seed volume in 2023 stood at 14.75 million metric tons. This decline indicates a negative Compound Annual Growth Rate (CAGR) of roughly 0.99% through the forecast period of 2024 to 2028.
Future trends to watch include potential changes in agricultural policies, advancements in seed technology, and climatic conditions impacting crop yields. Additionally, global market dynamics, such as demand for sugar and related products, could influence seed production trends further.
