The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.
The Hybrid Seeds by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Hybrid Seeds, 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 in the historic period can be attributed to agricultural productivity, market demand, government initiatives, 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 growth in the forecast period can be attributed to population growth, climate change and environmental challenges, increasing adoption of genetically modified (gm) crops, emerging markets, sustainable agriculture practices. Major trends in the forecast period include research and innovation, technology advancements, biotechnological advancements, digital agriculture, partnerships and collaborations, seed customization.
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 tons of fruits and 191.77 million metric tons 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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The hybrid seeds market covered in this report is segmented –
1) By Crop Type: Cereals & Grains, Oilseeds & Pulses, Vegetables, Other Crop Types
2) By Key Crop: Corn, Rice, Soybean, Cotton, Tomato, Other Key Crops
3) By Cultivation Type: Open Field Cultivation, Protected Cultivation
Top Major Players:
Bayer AG
Corteva Agriscience Inc.
Syngenta AG
Limagrain Holding SA
KWS SAAT SE & Co. KGaA
North America was the largest region in the hybrid seeds market in 2023.
New product innovations have emerged as a key trend gaining popularity in the hybrid seeds market. The key players in the market are more focusing on innovations to maintain their products in the market as there is increased demand for food products. For instance, in January 2021, Bayer, a Germany-based pharmaceutical and life sciences company, introduced four new varieties of Seminis vegetable seeds, including ‘Anshuman’ in tomato, ‘SVHA9093’ in hot pepper, and ‘Bazlet’ in cucumber, and ‘Himgauri’ in cauliflower. These are innovative next-generation hybrids from Bayer focused on the changes in consumer tastes and preferences.
The hybrid seeds market report table of contents includes:
1. Executive Summary
2. Hybrid Seeds Market Characteristics
3. Hybrid Seeds Market Trends And Strategies
4. Hybrid Seeds Market – Macro Economic Scenario
5. Global Hybrid Seeds Market Size and Growth
….……
31. Global Hybrid Seeds Market Competitive Benchmarking
32. Global Hybrid Seeds Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Hybrid Seeds Market
34.Hybrid Seeds Market Future Outlook and Potential Analysis
35. Appendix
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