Hybrid
Seeds Market Overview
Hybrid
Seeds Market Size was valued at USD 165.8 billion by 2032, exhibiting a
compound annual growth rate (CAGR) of 9.8% during the forecast period (2024 -
2032).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.
It
is found that due to vermin and disease, more than 50% of total produced crop
are lost. In order 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
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 considered to be a
major challenge to this market. Nevertheless, all these factors are projected
to contribute to the estimated CAGR of 9.8% of hybrid seeds market during the
forecast period 2024-2033.
Downstream
analysis
Hybrid
seeds are segmented on the basis of crop type, which includes cereals &
pulses, fruits & vegetables, oilseeds, and others. Among all, the fruits
& vegetables segment is dominating owing to increased demand for various
types of fruit & vegetable seeds.
Hybrid
seeds are segmented on the basis of seed treatment, which includes treated, and
untreated. Among both, untreated hybrid seed is dominating in this segment.
Hybrid
seeds are segmented on the basis of distribution channel, which includes direct
to farmers, through cooperative, and through mediators. Among all, direct to
the farmers distribution channel is dominating the market.
Competitive
analysis
The
major players in hybrid seeds market
- I. du Pont de Nemours and
Company (U.S.)
- Monsanto Company (U.S.)
- Dow AgroSciences LLC (U.S.)
- Syngenta AG (Switzerland)
- Advanta Limited (India)
- Land O Lakes Inc. (U.S.)
- Takii & Co.,Ltd.
(Japan)
- Biostadt India Limited
(India)
- Beijing Dabeinong
Technology Group Co Ltd (China)
- Henan Goldoctor Seeds Co.
Ltd. (China)
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.
Market
Segmentation
Hybrid
seeds market is segmented on the basis of crop type, seed treatment,
distribution channel, and region.
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