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Hybrid Seeds Market: By Type (Cereals & Pulses, Oilseeds, Fruits & Vegetables), By Seed Treatment (Treated, Untreated), By Acreage (Field Crops, Fruits & Vegetables Crops), By Farm Type (Outdoor, Indoor), And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032
Hybrid seeds are those that have been produced through the crossing of two or more dissimilar inbred plants. When the two different types are crossed, a seed with one or more advantageous features is produced. These seeds are frequently used in industrial farming, particularly to boost crop yields. The numerous types that hybrid roses offer is often appreciated by home gardeners. However, home gardeners frequently avoid hybrid seeds. Natural cross-breeding between varieties results in hybrid seeds. These seeds are not genetically modified. Hybridizing vegetables and flowers is quite common. Notably, hybrid types of tomatoes, roses, and sweet corn are regularly produced through cross-breeding. An F1 hybrid is a seed produced by the first open-pollinated cross of the two dissimilar plants.
Hybrid Seeds Market to surpass USD 45.8 billion by 2032 from USD 23.08 billion in 2021 at a CAGR of 6.4% in the coming years, i.e., 2022-32. The Hybrid Seeds Market is primarily driven by the introduction of more hybrid seed types, varied diets, and the use of hybrid seeds that include cutting-edge features like seed coatings. In addition, the development of new products and agricultural modernization are two more key factors that significantly fuel the Hybrid Seeds Market.
Hybrid Seeds Market is categorized on the basis of Type into Cereals & Pulses, Oilseeds, Fruits & Vegetables, and Others. In 2021, the cereals & pulses segment led the market and is anticipated to contribute the largest amount of revenue during the estimated period. This is growing due to frequent consumption as a staple meal. Moreover, it is used in the food and feed processing industries. The increased use of hybrid seeds in maize is one of the main factors boosting the cereals & pulses segment growth.
Hybrid Seeds Market is categorized on the basis of Farm Type into Outdoor and Indoor. The Outdoor farming is anticipated to account for the biggest share of the Hybrid Seeds Market. The segment's highest share is associated with the widespread usage of outdoor farming for industrial-scale feed production. Gardens and nurseries are also a part of outdoor agriculture; hence, this is boosting the Hybrid Seeds Market.
The demand for hybrid seeds has increased as people are becoming more aware of their advantages. Hybrid seeds can be grown more quickly and easily. They produce more, have bigger fruits, are more resistant to disease, and can handle extreme conditions better. They have a longer lifespan than the other seeds. Agricultural crop seeds are necessary for many agro-based industries like the food processing, pharmaceutical, textile, and nuclear sectors. As a result, hybrid seeds are crucial to global economic growth and market expansion. Over the forecast period, these factors are anticipated to drive the market.
The infrastructure supporting the food supply is under intense strain as a result of rising urbanization, declining arable land, and rising population and disposable income of individuals who are seeking more protein. For additional inputs to be as effective as possible, the quality of the seed is a must for crop development. Therefore, the most important component for the sustainability of agriculture is good seeds or planting material, and seeds with higher yields, which will help to meet the rising demand for agricultural products. These are a few other major driving factors of the market.
The main variables influencing the Hybrid Seeds Market include the lack of knowledge among crop producers about the advantages of utilizing hybrid seeds, their strong reliance on farm-saved seeds, and their control of the informal seed supply chain. Other significant impediments to the growth of the hybrid seeds market include low purchasing power, higher prices for hybrid seeds compared to conventional seeds (farm-saved), lack of suitable new varieties, regulatory barriers, poor infrastructure, high R&D costs, and the reproduction and marketing of patented varieties.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Hybrid Seeds Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. In 2021, North America held a larger market share. Owing to the existence of big competitors and the accessibility of high-quality seeds in the area, it is projected that the market would expand greatly. Mexico and Canada rely on the US seed business to meet their seed needs. There are no regional or national seed shortages in the US seed industry.
Due to the spread of COVID-19, most industries suffered severe losses. To stop the epidemic from spreading further, numerous countries' governments have imposed lockdowns. The scarcity of seeds caused a serious catastrophe in the agricultural industry as a result of the lockdown's adoption. Due to the pandemic's global growth, there was a major problem with the manufacturing and selling of seeds at that time since it was a period for seed production.
REPORT ATTRIBUTE |
DETAILS |
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Market Size Value in 2021 |
USD 23.08 billion |
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Revenue Forecast in 2032 |
USD 45.8 billion |
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Growth Rate |
CAGR of 6.4% from 2022 to 2032 |
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Base Year for Estimation |
2021 |
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Quantitative Units |
Revenue in USD billion and CAGR from 2022 to 2032 |
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Report Coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments Covered |
Type, Seed Treatment, Acreage, Farm Type, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
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Key Companies Profiled |
BASF SE, Bayer AG, Syngenta Group, Corteva Agriscience, UPL Limited, KWS SAAT SE, Biostadt India Limited, Enza Zaden, Rallis India Limited, Crystal Crop, Kaveri Seed Co Company, SL Agritech, Sakata Seed Corporation, Takii & Co. Ltd, Emerald Seed Inc., and Other Prominent Players. |
The Hybrid Seeds Market size was estimated at USD 23.08 billion in 2021 and is expected to reach USD 45.8 billion in 2032.
Hybrid seeds are those that have been produced through the crossing of two or more dissimilar inbred plants. When the two different types are crossed, a seed with one or more advantageous features is produced.
The Cereals & Pulses and Outdoor segments accounted for the larger share of the Hybrid Seeds Market.
Key players in the Hybrid Seeds Market are BASF SE, Bayer AG, Syngenta Group, Corteva Agriscience, UPL Limited, KWS SAAT SE, Biostadt India Limited, Enza Zaden, Rallis India Limited, Crystal Crop, Kaveri Seed Co Company, SL Agritech, Sakata Seed Corporation, Takii & Co. Ltd, Emerald Seed Inc., and Other Prominent Players.
The Hybrid Seeds Market is primarily driven by the introduction of more hybrid seed types, varied diets, and the use of hybrid seeds that include cutting-edge features like seed coatings.
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