Hybrid seeds Market Scope:
The global hybrid seeds market size was valued at $59,555.4 million in 2020, and is estimated to reach $166,189.8 million by 2030, registering a CAGR of 9.8% from 2022 to 2030
Hybrid seeds are generated using traditional breeding methods where two compatible plants with different origin are crossbred to create a new plant. The associated benefit such as insecticide resistance and disease resistance has allowed high adoption among farmers towards the use of hybrid seeds.
Hybrid seeds Market Analysis:
It is found that due to vermin and disease, more than 50% of total produced crop are lost. To meet the market demand, it is equally important to prevent them from loss. Genetically engineered hybrid seeds that are fungal and viral resistant and drought tolerant are gaining popularity which is likely to surge the global Hybrid Seeds Market by Application.
Certified hybrid seeds are more reliable than conventional ones and contribute towards more profits. The main notion of hybrid seeds is to decrease the cost & quantity of inputs required to grow the crop and modify basic agronomic properties. Crops produced from hybrid seeds are largely beneficial for primary producers owing to important agronomic characteristics such as herbicide tolerance, pest & disease resistance, and insect resistance. However, heavy expenses incurred on initial breeding of hybrid seeds are a major challenge to this market. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 9.6% of hybrid seeds market during the forecast period 2017-2023.
Top Key Players:
DOW AgroSciences LLC, Monsanto, KWS, Land O Lakes Inc, Mahyco, E.I.Du Pont De Nemours company, Syngenta AG, Advanta limited, Takii and Co Limited, Bostadt India Limited
Hybrid seeds Market Segmentation:
Hybrid Seeds market is segmented based on crop type, seed treatment, distribution channel, and region.
Information By Crop Type:
- Cereals & Pulses
- Fruits & Vegetables
- Oilseeds
Seed Treatment:
- Treated
- Untreated
Distribution Channel:
- Direct To Farmers
- Cooperative
- Mediators
Regional Analysis:
The global Hybrid Seeds market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America is dominating the global hybrid seeds market. North America is dominating the hybrid seeds market. This is attributed by the increasing consumption of hybrid seeds due to the increasing population and demand for new and enhanced agricultural products. Additionally, the major key players are actively involved in research & developments to develop products conforming to North American regulations for hybrid seeds.
Furthermore, in Asia Pacific region, India accounts for a major market share owing to increasing demand for fruit & vegetable crops to meet up the increasing demand from consumers.
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