Hybrid Seeds Market - Global Industry Analysis By 2025 | New Trends
In terms of crop type, the hybrid seeds market can be divided into fruits & vegetables, cereals & grains, and oilseeds. Hybrid seeds are primarily used for maize (corn) and rice in the cereals & grains segment. Similarly, tomato and cabbage are the key vegetables in the fruits & vegetables segments. In terms of farm type, the hybrid seeds market can be bifurcated into indoor farms and outdoor farms.
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Rapid growth in population has raised food security concerns. The yield of any food is possible through the usage of hybrid seeds in farming. Thus, the hybrid seeds market is anticipated to expand at a rapid pace. Production of fruits and vegetables has increased steadily since the last few years due to the rising demand for food for the growing population. The traits of hybrid seeds can be chosen depending on the requirement such type of disease to fight and climate, etc. This, in turn, is projected to create significant market opportunity for hybrid seeds in the near future.
Cereals and grains and fruits and vegetables are known to be rich in essential nutrients such as vitamins, minerals, and cellulose in addition to polyphenols and antioxidants. In terms of consumption, cereals & grains and fruits & vegetables constitute major share of the global hybrid seeds market. The higher cost of hybrid seeds compared to traditional non hybrid seeds is likely to act as a restraint for the hybrid seeds market.
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In terms of region, Asia Pacific is anticipated to exhibit substantial demand for hybrid seeds in the next few years, led by the growth in population in the region. Demand for hybrid seeds is high in China and India owing to the rising population. This, in turn, boosts the demand for food each year. Increase in demand for food is estimated to propel the usage of hybrid seeds for food production. Furthermore, technological advancement to produce different varieties of hybrid seeds is expected to positively impact the hybrid seeds market. The usage of hybrid seeds in production of cereals and grains and fruits and vegetables has been rising since the last few years in developed regions such as North America and Europe owing to their higher production yield. Increase in demand for food in Latin America and Middle East & Africa is projected to create immense opportunities for the hybrid seeds market.
Key players operating in the hybrid seeds market include The Dow Chemical Company, DuPont, Land O'Lakes, Inc., Monsanto Company, Mahyco, and KWS SAAT SE. Large scale companies such as DuPont and Monsanto Company are investing significantly in the development of new hybrid seeds. Additionally, these companies are focusing primarily in developing countries to expand their market share.
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