Hybrid Seeds Market
Hybrid Seeds Market accounted for a value of USD 58,226 Million in 2020 and is forecast to surge at a CAGR of 9.7% over the forecast period. Hybrid seed are produced by cross-pollination of plants of two distinct varieties. Hybrid seeds help to increase the yield and improve the colour.
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Ongoing technological innovation in the seed industry and agricultural science to effectively manage farms productivity is one of the prominent factors driving the hybrid seeds market growth. The growing consciousness about hybrid seeds has increased their usage. Augmenting use of hybrid seeds with advanced characteristics such as seed coatings and the rising product launch are other factors projected to fuel the market size. Hybrid seeds are largely demanded by the animal feed, biofuel, and food & beverage industry primarily in India and China is boosting the hybrid seedmarket size.
Increasing awareness regarding hybrid seeds among farmers and strategic government norms towards encouraging the use of hybrid seeds will propel the market growth. Key breeding companies are emphasising on research and development activities for better yield and disease free. Thus, growing investment in the field of research and technology to improve products. However, unfavourable weather conditions across several nation and excessive competition in the prices might hamper the hybrid seed market share.
By crop type, the grain & cereals segment is projected to hold a larger share over the forecast period owing to the growing adoption of grains as a staple food. As per the hybrid seed market forecast, growing market for biofuels various crops like sorghum are produced on a large scale. Grain & cereals are extremely important for the living of human beings.
By region, the Asia Pacific region is predicted to expand at a higher rate over the coming years. Several nations such as India, China, and Thailand have adopted hybrid seeds to achieve better yield. Also leading players in the region have introduced several initiatives to cater the need for quality seed. For instance, Bayer CropScience launched a fluopyram fungicide for seed treatment against diseases such as powdery mildew, gray mold, and Molinia diseases.
Hybrid Seeds Market Segmentation:
Hybrid Seeds Market by Product
- Transgenic Hybrid
- Non-transgenic Hybrid
- Open Pollinated Varieties
Hybrid Seeds Market by Crop Type
- Grain and cereals
- Pulses and Oilseeds
- Commercial Crop
- Fruit & Vegetables
- Others
Hybrid Seeds Market by Region:
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
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