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Hybrid Seeds Market Analysis & Global Forecast to 2026

11-11-2022 12:22 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Markets and Markets

The hybrid seed market is estimated at USD 25,191.5 million in 2021; it is projected to grow at a CAGR of 6.7% to reach USD 34,877.0 million by 2026. Grain and pulse inventory stocks play a significant role in a country's economic growth. Because seeds play an important role in a country's agricultural activities, seed protection is critical for all countries. Population growth has increased the demand for cereals, grains, pulses, oilseeds, and vegetables. Thus, hybrid seeds are in high demand due to their higher yield and disease resistance.

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The cereal & grains category segment by crop type is projected to achieve the highest CAGR growth in the Hybrid seed market. Consumption of whole grain & cereal products is associated with higher diet quality and nutrient-dense foods that provide protein, lipids, vitamins, and minerals. Thus, cereals & grains are commonly referred to as staple foods. These crops are also extremely susceptible to crop diseases; thus, hybrid technology has assisted in protecting the seeds from and disease.

The soybean segment dominated the Hybrid seed market with highest CAGR growth rate in the Hybrid seed market over the forecast period.

Soybeans are largely used in livestock feeds and vegetable oils, with a small but growing portion used in biofuel production. Furthermore, soybean has been getting popular as a plant-based product such as a meat alternative, and a milk alternative. These factors have increased demand for soybeans on a global scale.

Asia pacific is projected to achieve the highest market share in the Hybrid seed market.

The Asia Pacific region has witnessed significant growth in the food processing and feed industries, where the cultivation area of industrial crops such as rice, corn, soybean, and wheat has been gaining better traction. Asia pacific region falls under tropical and sub tropically region, which is ideal for crop

cultivation. thus, this region produces more agricultural crops. to increase their output, cultivators are highly demanding for hybrid seeds.

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Key Market Players

The key market players are BASF SE (Germany), Bayer AG (Germany), Syngenta Group (Switzerland), Corteva Agriscience (US), DLF (Denmark), Groupe Limagrain (France), FMC Corporation (US), KWS SAAT SE (Germany), UPL (India), Enza Zaden (UK), Sakata Seed Corporation (Japan), Longping Hi-Tech (China), Land O'Lakes, Inc. (US), Rijk Zwaan Zaadteelt en Zaadhandel B.V. (Netherlands), Euralis (France) and Invivo Group (France). These players are focusing on expanding their production facilities as well as by launching new products to grow their businesses and their market shares. New product launches as a result of extensive R&D initiatives, geographical expansion to tap the potential of emerging economies, and strategic acquisitions to gain a foothold over the large extent of the supply chain are the key strategies adopted by companies in the Hybrid seed market.

Read more about Hybrid Seeds Market@ https://www.marketsandmarkets.com/Market-Reports/hybrid-seeds-market-5958431.html

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

About MarketsandMarkets™

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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