Global Hybrid Seeds Market Report 2022 – Market Forecast, Trends And Strategies
21 Sep, 2022
The global hybrid seeds market size is expected to grow from $39.58 billion in 2021 to $43.97 billion in 2022 at a compound annual growth rate (CAGR) of 11.1%. The global hybrid seed market size is expected to grow to $62.25 billion in 2026 at a CAGR of 9.1%.
What is the Global Hybrid Seeds Market?
The hybrid seeds market consists of sales of hybrid seeds by entities (organizations, sole traders, and partnerships) that are developed artificially by crossing two or more plants of different species. Hybrid seeds are used in modern farming to produce plants that give high yields and disease-resistant plant crops. They are extensively used in growing fruits and vegetables with desired features such as better flavour and higher nutritional content.
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What drives the Global Hybrid Seeds Market?
The rise in demand for fruits and vegetables is expected to propel the growth of the hybrid seeds market going forward. With the change in dietary habits globally, the demand for fresh and frozen vegetables has been increasing. Customers have become more conscious about what to consume to better their health and overall wellness. Hybrid seeds are easier to nurture and create plants that produce bigger fruits. For instance, according to the Indian Brand Equity Foundation, the total production of fruit and vegetable processing will increase to 25% by 2025. In addition, according to the National Horticulture Board, from 2019-to 2020, India had produced 99.07 million metric tonnes of fruits and 191.77 million metric tonnes of vegetables. The field under cultivation of fruits stood at 6.66 million hectares while vegetables were cultivated at 10.35 million hectares. Therefore, the increase in the demand for fruits and vegetables is driving the growth of the hybrid seeds market.
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Global Hybrid Seeds Market Segments
The global hybrid seeds market is segmented:
By Crop Type: Cereals and Grains, Oilseeds and Pulses, Vegetables, Others
By Key Crop: Corn, Rice, Soybean, Cotton, Tomato, Others
By Cultivation Type: Open Field Cultivation, Protected Cultivation
By Geography: The regions covered in the hybrid seeds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global hybrid seeds market.
Hybrid Seeds Global Market Report 2022 provides market size and growth forecasts for the global hybrid seeds market, global hybrid seeds market share, hybrid seeds market segments and geographies, hybrid seeds market competitive landscape including leading competitors’ revenues, profiles and market shares. The hybrid seeds market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Hybrid Seeds Industry Players include Bayer CropScience, Corteva Agriscience, Syngenta, Limagrain, KWS SAAT SE & Co. KGaA, Sakata seed, DLF, Longping High-tech, Euralis Semences, Advanta, Ajeet Seeds, InVivo, Bostadt India Limited, China National Seed Group, Rasi Seeds, Rallis India, Takii & Co. Ltd., Groupe Limagrain, JK Agri Genetics Limited, BASF SE, VNR Seeds, and East West Seeds India Pvt Ltd. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.