Global Hybrid Seeds Market Size To Grow At A CAGR Of 7% In The Forecast Period Of 2023-2028

The 'Global Hybrid Seeds Market Report and Forecast 2023-2028' by Expert Market Research gives an extensive outlook of the global hybrid seeds market size, assessing the market on the basis of its segments like crop type, duration, cultivation type, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter's Five Forces Models.

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The key highlights of the report include:

Market Overview (2018-2028)

Forecast CAGR (2023-2028): 7%

The global hybrid seeds market is witnessing rapid growth due to more consumers being health conscious, as with nutritional practices altering globally, the preference for cleaner and healthier food is increasing. Consumers globally are more conscious about the vegetables that they are consuming to meet the needs of good health. The growing information about the side effects of trans-fatty acids is also driving consumers to switch towards products that are healthier which is ultimately escalating the growth of the market for hybrid seeds.

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The increased awareness about the advantages and benefits of hybrid seeds like higher yields, larger fruits, and longer lifespan is raising the demand for hybrid seeds in the food industry. A surge in the hybrid seeds market is expected due to their role in improving the characteristic of plants. Hybrid seeds help with uniformity and improved colour of the plants as well as providing seeds with resistance to disease. Farmers are shifting towards hybrid seeds as they increase the production per unit area which are attained by seeds with built-in and hybrid vigour. Policies of different governments and technological advancements are also key to producing better hybrid seeds.

Hybrid Seeds Industry Definition and Major Segments

Hybrid seeds are a type of seeds which are created by artificial pollination or cross pollination, thereby crossing two varieties of the same plant. The pollen from the male flower is transferred to a female flower which results in the process of pollination. The seeds that are developed through this process are referred to as hybrid seeds.

On the basis of crop type, the market is divided into:

Oilseeds and Pulses
Cereals and Grains
Vegetables
Other

Based on duration, the market is segmented into:

Short Term
Medium Term
Long Term

On the basis of cultivation type, the market is bifurcated into:

Open Field Cultivation
Protected Cultivation

Based on region, the market is classified into:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Hybrid Seeds Market Trends

The surge in the global hybrid seeds market is due to the expansion of indoor farming methods which have gained immense popularity and are accountable for a sizable share in the global market for hybrid seeds. Indoor farming is increasing due to its nature to deliver quality and bulk products with minimum resources. Additionally, indoor farming provides more efficiency in terms of requiring smaller areas for cultivation. Hybrid seeds used in indoor farming also have the capacity to produce crops throughout the year. Controlled environment agriculture in indoor farming is aiding hybrid seeds in becoming more adaptable and producing high quality crops.

Introduction of agritech is also a key trend contributing to the global market for hybrid seeds and can also be found in forestry and viticulture. The use of technology is increasing to provide improved efficiency, regulation, and profitability in farming. The demand for hybrid seeds is propelling due to increased attention towards new advanced technologies like introduction of artificial intelligence which address issues and provide insights for healthier production of crops. Development of machine learning techniques to predict improved outcomes of the seeds is also contributing to the rise of the hybrid seeds market.

Key Market Players

The major players in the global hybrid seeds market report are:

BASF SE
Corteva AgriScience
Bayer AG
UPL Limited
Syngenta Crop Protection AG
Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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