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Hybrid Seeds Market set for rapid growth forecast 2019-2026| Key Players: Monsanto Company, DowDuPont, Syngenta, LIMAGRAIN, Land O’ Lakes, Inc, KWS Group, Bayer Crop Science, Sakata, DLF

06-27-2019 09:07 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fortune Business Insights

Hybrid Seeds Market set for rapid growth forecast 2019-2026| Key

The growing use of hybrid seeds across the world is the primary factor responsible for the growth of the global hybrid seeds market. The above information was shared by Fortune Business Insights in a report, titled “Hybrid Seeds Market Size, Share and Global Trend By Crop Type (Cereals (Rice, Corn, Barley, and Sorghum), Oilseeds (Canola, Soybean, Cotton, and Sunflower), Fruits & Vegetables (Tomato, Cabbage, Chilli & Bell pepper, Okra, Cucumber, and Melons)), And Geography Forecast Till 2026.”

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https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/hybrid-seeds-market-100526

In order to ensure sustainable agriculture, good-quality seeds play a significant role as they provide aid towards higher productivity. Hybridization technology in agriculture helps to enhance crop production. This technology helps to improve the grain qualities, reduce the incidence of pests, and increase the overall crop productivity.

Some of the Main Key Players Covered in the Report

• Monsanto Company
• DowDuPont
• Syngenta
• LIMAGRAIN
• Land O’ Lakes, Inc
• KWS Group
• Bayer Crop Science
• Sakata
• DLF

Oilseeds and Cereals Are More in Demand Owing to their Large Cultivation

Among crop types, oilseeds and cereals cover a larger share in the global hybrid seeds market. The cultivation of these crops is done on a vast land area across the globe. Under cereals segment, corn and rice account for a major share in the market. Moreover, short duration hybrid seeds are expected to gain higher traction from the benefits associated with their cultivation.

North America Leads Owing to Technological Advancements

Regionally, North America is anticipated to account for a substantial share in the global hybrid seeds market. In 2018, the region was leading the market. Rising adoption of hybrid technology is driving the market in this region. The market in Asia Pacific registers strong growth. This region, together with Latin America, is expected to create attractive growth opportunities for the global market in the forecast years.

Rising demand for enhanced agricultural products is the main factor responsible for positively impacting the market. Countries such as China are the major crop exporters (vegetable crop seeds).
Deteriorating Arable Land Stokes Demand for Hybrid Seeds

Modernization of agriculture such as the introduction of hybrid agriculture is constantly driving the hybrid seeds market. Product innovation which includes advanced hybrid seeds and diet diversification is supplementing the growth of the market. Furthermore, the use of hybrid seeds with advanced features such as seed coatings, pelleting and other traits is increasing the hybrid seed production.

The increasing population is surging the demand for agricultural produce and highlighting the need to increase production. As per the Food and Agricultural Organization (FAO), the global population was 7.63 billion in the year 2018. The organization further revealed that the global population is estimated to reach 8.19 billion by 2025 and around 8.55 billion by the end of 2030.

This rapid increase is compelling farmers to adopt hybrid seeds and improve crop production. Moreover, the declining arable land across the world promotes hybrid seed production. Technological advancements in the agriculture industry such as hybrid seeds are increasing the crop yield compared to traditional seeds.

MNCs Merging with Other Seed Companies to Dominate the Hybrid Seed Market

Several multinational companies are acquiring other seed companies to cover a larger part of the global market. With the increasing mergers and acquisitions (M&A), organizations can improve their efficiency and involve in research and development (R&D) activities to meet consumer requirements. Companies are planning to bring innovation in hybrid sees to meet the demand for crop production globally.

For instance, BASF opened an advanced state-of-the-art breeding center in November 2018 in Nunhem. This centre is for breeding cucumbers and its aim is to increase BASF’s capabilities in order to fulfil consumers demand. The company is also planning to increase the global food value chain encompassing novel vegetable varieties.
The same company entered into an M&A in August 2018. The company successfully acquired its global vegetable seeds business. Now, this vegetable seeds business includes 24 crops and about 2,600 crop varieties.

Browse Complete Report Details:
https://www.fortunebusinessinsights.com/industry-reports/hybrid-seeds-market-100526

About us:

Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:
Fortune Business Insights Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.

Phone:
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Email: sales@fortunebusinessinsights.com

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