PUBLISHER: The Business Research Company | PRODUCT CODE: 1392706
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392706
“Hybrid Seeds Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on hybrid seeds market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for hybrid seeds? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The hybrid seeds market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
A hybrid seed is generated through the crossbreeding of two distinct plant varieties. This process involves transferring pollen from the male flower of one plant to the female floral parts of another. The resulting hybrid seeds often exhibit higher yields compared to non-hybrid seeds, attributed to a phenomenon known as heterosis.
Hybrid seeds are prevalent in various types of crops, including cereals and grains, oilseeds and pulses, vegetables, and others. Cereal and grain crops consist of seeds produced by grasses such as wheat, millet, rice, barley, oats, rye, triticale, sorghum, and maize (corn). Diverse crops encompass corn, rice, soybean, cotton, tomato, and others, cultivated through different methods such as open field cultivation and protected cultivation.
The hybrid seeds market research report is one of a series of new reports from The Business Research Company that provides hybrid seeds market statistics, including hybrid seeds industry global market size, regional shares, competitors with a hybrid seeds market share, detailed hybrid seeds market segments, market trends and opportunities, and any further data you may need to thrive in the hybrid seeds industry. This hybrid seeds market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The hybrid seeds market size has grown rapidly in recent years. It will grow from $48. 73 billion in 2023 to $53. 62 billion in 2024 at a compound annual growth rate (CAGR) of 10. 0%. The growth during the historical period can be attributed to factors such as agricultural productivity, market demand, government initiatives, and consumer preferences.
The hybrid seeds market size is expected to see strong growth in the next few years. It will grow to $75. 09 billion in 2028 at a compound annual growth rate (CAGR) of 8. 8%. The anticipated growth in the forecast period can be linked to several factors, including population growth, challenges posed by climate change and environmental issues, the rising adoption of genetically modified (GM) crops, the emergence of new markets, and the promotion of sustainable agricultural practices. Noteworthy trends expected in the forecast period encompass increased focus on research and innovation, advancements in technology, progress in biotechnological approaches, the integration of digital agriculture, fostering partnerships and collaborations, and a trend towards seed customization.
The hybrid seeds market is anticipated to experience growth due to an increased demand for fruits and vegetables. Global shifts in dietary habits have led to a rising preference for fresh and frozen vegetables, driven by consumers' heightened awareness of their health and overall wellness. Hybrid seeds, known for their ease of cultivation and ability to yield larger fruits, are positioned to meet this demand. Notably, the Indian Brand Equity Foundation predicts a 25% increase in the total production of fruit and vegetable processing by 2025. According to the National Horticulture Board, India produced 99. 07 million metric tons of fruits and 191. 77 million metric tons of vegetables from 2019 to 2020. The cultivation area for fruits was 6. 66 million hectares, and for vegetables, it stood at 10. 35 million hectares. Consequently, the surge in demand for fruits and vegetables is a significant driver for the growth of the hybrid seeds market.
The growth of the hybrid seeds market is also fueled by the escalating demand for high-quality crops. Farmers and agricultural producers are increasingly turning to hybrid seeds to benefit from improved crop yields, disease resistance, and other desirable traits that contribute to the production of high-quality crops. In September 2022, a report from the United States Department of Agriculture highlighted the increasing prevalence of genetically altered crops in the U. S., with herbicide-tolerant (HT) soybean acreage reaching 95% in 2021 and 2022, HT cotton acreage at 94% in 2021, and over 90% of domestic maize acres planted using HT seeds by 2022. Moreover, the adoption of genetically engineered, insect-resistant seeds reached 89% for cotton acres in 2022. Therefore, the rising demand for high-quality crops is poised to drive the hybrid seeds market.
A noteworthy trend in the hybrid seeds market is the emergence of new product innovations. Key market players are focusing on innovation to meet the increased demand for food products, adapting to changes in consumer tastes and preferences. For example, in January 2021, Bayer, a Germany-based pharmaceutical and life sciences company, introduced four new varieties of Seminis vegetable seeds, reflecting their commitment to meeting evolving consumer needs.
Major companies in the hybrid seeds market are actively engaging in collaborations and partnerships to strengthen their market position. Business strategic partnerships, characterized by structured affiliations between commercial enterprises, are established through business agreements or contracts. In May 2022, Solynta, a Netherlands-based biotechnology company, partnered with Incotec to provide high-quality hybrid true potato seeds, contributing to their shared goal of addressing global food and nutrition challenges. Incotec, a Netherlands-based seed enhancement company, is a key player in this collaborative effort.
In November 2021, Crystal Crop Protection Limited, an India-based R&D-focused crop solutions company, acquired four hybrid seeds from Bayer CropScience, enhancing its field crops seed business. The acquisition, for an undisclosed amount, includes hybrids of cotton, mustard, pearl millet, and grain sorghum in India. This strategic move is expected to strengthen Crystal Crop Protection's position in supplying high-performance seeds for the sustained expansion of Indian agriculture.
Major companies operating in the in the hybrid seeds market report are Bayer AG., Corteva Agriscience Inc., Syngenta AG, Limagrain Holding SA, KWS SAAT SE & Co. KGaA, Sakata Seed Corporation, DLF Seeds A/S, Hunan Longping High-Tech Co. Ltd., Euralis Semences S. A., Advanta Seeds US Inc., Ajeet Seeds Pvt. Ltd., InVivo Group, Bostadt India Limited, China National Seed Group Co. Ltd., Rasi Seeds (P) Ltd., Rallis India Limited, Takii & Co. Ltd., JK Agri Genetics Limited, BASF SE, VNR Seeds Pvt. Ltd., East West Seeds India Pvt Ltd, Bejo Zaden B. V., Groupe Roullier (officially known as Roullier Group), Rijk Zwaan Zaadteelt en Zaadhandel B. V., Vilmorin & Cie SA, Barenbrug Holding B. V., Known-You Seed Co. Ltd., Tozer Seeds Europe Ltd., Enza Zaden Beheer B. V., Seed Co Limited, E. W. Gaze Seeds Co. Ltd., Johnny's Selected Seeds Inc., Seedway LLC
North America was the largest region in the hybrid seeds market in 2023. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the hybrid seeds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the hybrid seeds market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The hybrid seed market consists of sales of hybrid maize seeds, brinjal seeds, marigold seeds, and more. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.