Worldwide Hybrid Seeds Market Share, Growth, Top Key Players and CAGR of 9.6% by Foresight to 2023

Market Overview:
Hybrid seeds market is growing at an incremental pace globally. Hybrid seeds are developed after cross pollination among different varieties of same plants. Cross pollination involves transferring the pollen from male to female. The hybrid seeds will produce similar plants, however the next generation seeds from the hybrids could differ in their characteristics. Hybrid seeds have specific characteristics such as pest and disease resistant, can adopt to environmental changes, and helps in enhancing crop productivity.

Increasing demand for foods owing to rapidly rising global population is one of the major factor fuelling the demand for the product. The land resource is limited and is shrinking over the years, thereby necessitating adoption of methods to enhance crop productivity. Usage of hybrid seeds is considered to be one of the effective method for augmenting crop production. In addition, government support in increasing awareness about the product farmers further escalated the demand for the product. Continuous technological advancement for novel product development is another driving factor for the market growth. Owing to increasing awareness, the demand for the product has increased in emerging economies of Asia-Pacific and Latin America. Furthermore, the demand for hybrid oilseed and grain seed has increased owing to new biotech traits and product registrations, thereby accelerating the market growth.

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Latest Industry Updates:
Feb 2018: Syngenta completed acquisition of Nidera seeds from COFCO International which has a strong base in South American seed market, thereby providing expansion opportunity to Syngenta.

Jan 2018: Hybrid rice seed, Arize AZ 8433 DT has been launched in India by Bayer. The seeds have tolerance level towards brown plant hopper (BPH) and bacterial leaf blight (BLB). It has been challenging to control BPH infestation in rice growing areas in India, therefore the novel hybrid seeds with pest tolerance is expected to improve rice yield in the country.

Jan 2017: Bayer launched new varieties of FiberMax and Stoneville Cotton to ease pest and disease pressure as well as enhance crop productivity.

May 2016: S&W Seed Company acquired SV Genetics Pty Ltd., an Australia based company which offers proprietary hybrid sorghum and sunflower seed germplasm. Through this acquisition, the company aims to strengthen its product portfolio and increase revenue generation possibilities.

Apr 2015: Syngenta plans to introduce a wide range of products in India including hybrid wheat.

Competitive Analysis:
The key players have been investing significantly in research and development for novel product development. For instance, Bayer launched hybrid varieties of rice seeds in India market recently. The companies are also following inorganic growth strategy to strengthen product portfolio and increase geographical presence. The growing demand for product in developing economies provide further opportunities for key players to expand their business and increase market penetration. Identifying untapped potential market and continuous innovation coupled with increasing awareness about product availability will boost revenue generation prospects for the manufacturers.

The key players profiled in hybrid seeds market report are E. I. du Pont de Nemours and Company (U.S.), Monsanto Company (U.S.), Dow AgroSciences LLC (U.S.), Syngenta AG (Switzerland), Advanta Limited (India), Land O Lakes Inc. (U.S.), Takii & Co.,Ltd. (Japan), Biostadt India Limited (India), Beijing Dabeinong Technology Group Co Ltd (China), and Henan Goldoctor Seeds Co. Ltd. (China) among many others.

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Market Segments:
The global hybrid seeds market has been divided into type, seed treatment, distribution channel, and region.

On The Basis Of Type: Cereals & Pulses, Fruits & Vegetables, Oilseeds, and Others

On The Basis Of Seed Treatment: Treated, and Untreated

On The Basis Of Distribution Channel: Direct to Farmers, Cooperative, Mediators, and Others

On The Basis Of Region: North America, Europe, Asia Pacific, and ROW

Regional Analysis:
The global hybrid seeds market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America accounted for the highest market share in the hybrid seeds market. This is due to increasing population and growing demand for new and enhanced agricultural. Furthermore, the key players are investing a significant amount in the development of novel products in compliance to North American regulations for hybrid seeds. Additionally, India is dominating in Asia Pacific region due to rising demand for fruit & vegetable crops.

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This release was published on openPR.