Global Hybrid Seeds Market Share, Segmentation of Top Companies, and Forecast ( 2024-2032)
Hybrid Seeds Market Overview
Hybrid Seeds Market Size was valued at USD 165.8 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.8% during the forecast period (2023 - 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.
Market Forecast
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 2022-2030.
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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