Demand for hybrid seeds has witnessed steady growth in APAC countries

The global hybrid seeds market size is estimated to account for a value of USD 25.2 billion in 2021 and is projected to grow at a CAGR of 6.7% from 2021, to reach a value of USD 34.9 billion by 2026.

The growing demand for hybrid seeds from the food, beverage, animal feed, and biofuels industry is driving the growth of the market. Demand for hybrid seeds has witnessed steady growth in countries such as China and India. With these countries accounting for the largest population, an ever-increasing demand for food grains also drives the hybrid seeds market growth. In developed markets, farmers are trying to maintain the crop yield and increase their returns. This sustained approach from developed and developing countries in agricultural practices has been driving the hybrid seeds market growth.

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By crop type, the cereals & grains is projected to dominate the hybrid seeds market during the forecast period.

The cereals & grains segment is projected to hold the largest seed market share during the forecast period Owing to factors such as the widespread use of grains as a staple food in many Asian and Southeast Asian countries. In the past few years, countries such as China have emerged as major exporters of grains to meet the requirement of neighboring economies. Crops such as corn are widely utilized in both the food and feed industries. With the rising market for biofuels, crops such as sorghum are also being produced on a large scale.

By key crop, corn segment is projected to dominate the hybrid seeds market during the forecast period.

An increase in the usage of corn for feed and industrial applications are some of the key factors leading to its demand and higher usage among corn growers to gain profits. The commercial traits mostly used to produce corn hybrid seeds are insect resistance and herbicide tolerance.

Asia Pacific to be the fastest-growing market during the forecast period.

The hybrid seeds market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period. Supportive regulations and an increase in food and feed demand are also driving their adoption, along with subsidy provisions for their acceptance in these markets, especially in the Asia Pacific region.

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Some of the major players operating in the hybrid seeds market include BASF SE (Germany), Bayer AG (Germany), Syngenta Group (Switzerland), KWS SAAT SE (Germany), Land O’ Lakes (US), Sakata Seed Corporation (Japan), Groupe Limagrain (France), Corteva Agriscience (US), United Phosphorous Limited (India), DLF (Denmark), Longping Hi-tech (China), Rallis India Limited (India), Enza Zaden (The Netherlands), Takii & Co. Ltd (Japan), and Barenbrug Holding B.V (Netherlands). They also have manufacturing facilities along with strong distribution networks across these regions.

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