Corn Procurement 2030 - Partnerships and Acquisitions Drive Industry Forward

Corn Category - Procurement Intelligence

Corn industry is poised for significant growth over the next decade. Here's why this golden grain is a rising star:

• Fueling Foodies: Busy lifestyles are creating a surge in demand for convenient, processed foods. From crunchy cornflakes to savory tortillas, corn is a key ingredient in many popular options. As this trend continues, corn consumption is expected to rise.
• Protein Powerhouse: Meat lovers, rejoice! The global appetite for meat is only growing, and corn plays a crucial role. It's a staple ingredient in animal feed for everything from poultry to pigs, ensuring our continued protein supply.
• Biofuel Bonanza: As environmental concerns mount, biofuels like ethanol are gaining traction. Corn steps up again, serving as a viable alternative to traditional gasoline, potentially reducing our reliance on fossil fuels.

This confluence of factors is propelling the corn market forward, with a projected Compound Annual Growth Rate (CAGR) of 3.1% by 2030. So, the next time you bite into a corn chip, remember – it's not just a snack, it's a sign of a thriving agricultural giant.

Order your copy of the Corn category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

While corn itself is a traditional crop, the industry is embracing the future. Here's how technology is transforming every step of the corn journey:

Companies like Cargill and John Deere are joining forces to create "smart farming" solutions. Imagine farmers using data to optimize their cornfields, leading to better yields and more sustainable practices. New facilities, like the one opened in Ghana, boast cutting-edge equipment for turning corn into valuable products. This ensures efficient processing and reduces waste. Also, innovations like Corteva's Enlist corn trait technology are giving farmers powerful tools to combat pests and optimize their crops.

Data-driven farming, using GPS and sensors, is revolutionizing corn production. This "precision agriculture" allows farmers to target resources efficiently and maximize harvests. Technology extends beyond the field. Airtight storage bags and improved storage systems like silos and elevators ensure corn reaches consumers safely. Refrigerated transport keeps things fresh, further reducing waste. Science is even tweaking the corn itself. Genetically modified varieties boast increased pest resistance, higher nutritional value, and even the ability to produce more biofuel.

From field to plate, technology is making the corn industry more efficient, sustainable, and innovative. So, the next time you enjoy a bag of popcorn, remember – it's a testament to the power of agricultural technology.

Corn Category Sourcing Intelligence Highlights

• The number of both big and small businesses operating in various regions has led to significant global fragmentation of the corn category. Players engage in an intense rivalry with one another to expand their consumer base and provide superior customer service.
• Land, seeds, and transportation cost account for the largest cost component of the corn business
• Most companies offer services such as logistics, credit where buyers can purchase without having to pay the full price upfront, and others.

List of Key Suppliers

• Bayer AG,
• Corteva Agriscience,
• Groupe Limagrain,
• Bunge,
• Syngenta Group,
• Satake,
• Glencore,
• Cargill,
• Groupe Limagrain,
• ADM 

Browse through Grand View Research’s collection of procurement intelligence studies:

• Call Center Service Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
• Commercial Real Estate Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape) 

Corn Procurement Intelligence Report Scope

• Corn Category Growth Rate : CAGR of 3.1% from 2023 to 2030
• Pricing Growth Outlook : 3% - 5%(annual)
• Pricing Models : Volume-based pricing model and cost-plus pricing model
• Supplier Selection Scope : Cost and pricing, past engagements, productivity, geographical presence
• Supplier Selection Criteria: Sustainability, price, quality, reliability, flexibility, technical specifications, operational capabilities, regulatory standards and mandates, category innovations, and others.
• Report Coverage : Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model 

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions. 

Our services include (not limited to):

• Market Intelligence involving – market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions