The hybrid seeds market size was valued at $25,191.5 million in 2021, and is estimated to reach $34,877.0 million by 2026, registering a CAGR of 6.7% from 2021 to 2026. The demand for hybrid seeds has increased due to their advantages over traditional seeds. These seeds are easier and faster to grow, and are more resilient to stress and disease. They also have longer lifespan, higher yields, and larger fruits. The growing awareness of these benefits has led to a rise in demand for hybrid seeds from various industries, including food processing, textile, pharmaceutical, and nuclear. As these industries rely heavily on agricultural crop seeds, the use of hybrid seeds plays a significant role in driving economic activities and market growth worldwide.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=5958431
Driver: Rise in demand for fruits & vegetables across the globe
With the change in dietary practices globally, the demand for fresh and frozen vegetables has been growing. Consumers have become more conscious related to what to consume to better their health and overall wellness, due to which the production of fruits & vegetables has grown. Several farmers have gradually moved toward the cultivation of industrial crops, which would result in growth in market returns. According to the USDA, farmers are projected to seed approximately 91 million acres of land with soybean in 2018, an increase from 90.4 million acres sowed in 2017. The total acreage of the eight chief crops of the US is expected to rise from 252.3 million acres in 2017 to 253.7 million acres in 2018. This increase in acreage is estimated for crops such as sorghum, corn, barley, oats, cotton, rice, and fruit crops, while that of wheat is expected to decline.
In the US, the most commonly demanded fresh fruit was bananas. Some of the other commonly consumed fresh fruits include grapes, pears, and strawberries. There is also a strong demand for vegetables such as peppers, melons, and lettuce due to the growing focus on salad-based diets in North America. These factors could drive market growth.
The cereal & grains category segment by crop type is projected to achieve the highest CAGR growth in the Hybrid seeds market.
Cereals & grains by crop type accounted for the largest market share in 2021, owing to factors, such as the widespread use of grains as a staple food in many Asian and Southeast Asian countries. Cereal crops provide essential nutrients and energy in the daily human diet through direct human consumption as well as through meat production as cereal & grain crops are major livestock feed. Hence, cereal & grains is accounted have highest market share and projected to grow at higher rates during the forecast period.
The soybean segment dominated the hybrid seeds market with highest CAGR.
Soybeans are regarded as an important crop because they are one of the richest and cheapest sources of protein, and they are a staple food for both human and animal diets. The importance of this crop have impacted as highly demanded segement in hybrid seed market.
Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=5958431
Asia Pacific is projected to grow at the highest CAGR during the forecast period
Asia Pacific is the fastest-growing region in the hybrid seeds market owing to the presence of some of the major seed producers in the world such as China, Thailand and India. Countries such as China, which is among the largest players in the global market for seeds, have been focusing on the adoption of hybrid crop varieties to attain yield improvement and disease resistance without using GM technology. Simultaneously, there has also been a growing demand from the export sector for cotton and soybean, which has supported the growth in the cultivation area and had an impact on the hybrid seeds market.
This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the hybrid seeds market. It includes the profiles of leading companies such as BASF SE (Germany), Bayer AG (Germany), Syngenta Group (Switzerland), KWS SAAT SE (Germany), Land O’ Lakes (US), Sakata Seed Corporation (Japan), Groupe Limagrain (France), Corteva Agriscience (US), UPL Limited (India), DLF (Denmark), Longping Hi-tech (China), Rallis India Limited (India), Enza Zaden (The Netherlands), Takii & Co. Ltd (Japan), and Barenbrug Holding B.V (Netherlands).
Related Reports:
Biological Seed Treatment Market by Type (Microbials and Botanicals), Crop (Corn, Wheat, Soybean, Cotton, Sunflower, and Vegetable Crops), Function (Seed Protection and Seed Enhancement), and Region – Global Forecast to 2025
Seed Treatment Market by Type, Application Technique (Coating, Dressing, Pelleting), Function (Seed Protection and Seed Enhancement), Formulation, Crop Type (Cereals & Grains, Oilseeds, Fruits & Vegetables) and Region – Global Forecast to 2027
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/hybrid-seeds-market-5958431.html