Hybrid seeds are produced through hybridization, which is a breeding process that involves crossing of two inbred lines from different backgrounds to develop seed varieties with stronger biological characteristics. These seeds offer various advantages, such as higher yield potential, improved plant vigor, enhanced resistance to disease & stress, uniformity, and better return on investment.
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The global hybrid seeds market was valued at $52,114 million in 2016, and is expected to reach at $99,854 million in 2023, growing at a CAGR of 9.7% from 2017 to 2023.
Hybrid varieties that are continuously enhanced and are adapted to the current requirements dominate the crops in which breeders achieved more than 15% of hybrid vigor.
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Growth in usage of hybrid seeds with various advanced traits, such as seed coatings, new product offerings, and mechanical & biological innovations associated with farms to increase overall productivity are the major factors that drive the market growth globally. In addition, decline in arable land, innovation to enhance the variety of hybrid seeds, and diversification in diets supplement the market growth.
Asia-Pacific is leading, in terms of both value and volume, due to growth in population and rise in demand for new & enhanced agricultural products. Introduction of special schemes to increase productivity in the region resulted in surge in usage of hybrid seeds.
Market liberalization to ensure proper availability of high-quality & high-yielding seeds to Indian farmers and flexibility of norms while exporting products to overseas play a crucial role in growth & development of the market. However, change in climatic conditions and the fact that hybrid seeds cannot be reproduced as two different types of genes in F1 hybrid are segregated in the offspring, resulting in an extremely variable progeny limit the market growth.
Diversified demand for hybrid crops in the emerging countries and technology-driven agriculture in the developed countries are expected to provide lucrative opportunities for the expansion.
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The report segments the hybrid seeds market on the basis of crop, duration, seed treatment, farm, acreage, and geography. Based on crop, it is classified into field crops and fruits & vegetable crops.
Field crops segment is further categorized into cotton, corn, rice, millet, sunflower, and sorghum. Fruits & vegetable crops is further divided into tomato, okra, chilli, cauliflower, cabbage, gourds, watermelon, cucumber, and others.
Others comprises radish, eggplant, and carrot. Based on duration, the market is divided into short-term, medium-term, and long-term.
According to seed treatment, it is classified into treated and untreated. On the basis of farm, it is bifurcated into indoor and outdoor.
On the basis of acreage, it is categorized into field crops and fruits & vegetable crops. Field crops segment is further divided into corn, rice, millet, sorghum, and others.
Others comprises sunflower and cotton. Fruits & vegetable crops is further categorized into tomato, okra, cauliflower, cabbage, gourds, watermelon, cucumber, and others.
Others comprises chilli, radish, eggplant, and carrot. Geographical breakdown of the market includes North America, Europe, Asia-Pacific, and LAMEA.
In May 2016, S&W Seed Company acquired SV Genetics Pty, Ltd., an Australian manufacturer of proprietary hybrid sunflower and sorghum seed germplasm to expand their existing product portfolio and widen their geographical reach.
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KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the current trends and estimations from 2017 to 2023 of hybrid seeds market, which assists to identify the prevailing market opportunities.
- Major countries in each region are mapped according to individual market revenue.
- Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
- An in-depth analysis of current research and clinical developments within the market is provided with key dynamic factors that highlight the market behavior.
- Leading players and their key developments in the recent years are listed.
KEY MARKET SEGMENTS
- Field Crops
- Fruits & Vegetables
By Seed Treatment
- Field Crops
o Others (Sunflower and Cotton)
- Fruits & Vegetables
- North America
- Rest of Europe
- Rest of Asia-Pacific
- South Africa
- Rest of LAMEA
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