Hybrid Seeds Market was valued at $52,114 million in 2016, and is expected to reach at $99,854 million by 2023, registering a CAGR of 9.7% from 2017 to 2023.
Hybrid seeds are derived from natural out-breeding crops. Inbred lines are produced from these crops through repeated self-pollination. Established inbred lines are then crossed to develop first-generation (F1) hybrid seeds. These seeds enhance the characteristics of resulting plants (F1), as they offer better yield, enhanced color, significant uniformity, and disease resistance. Saving of seeds developed from F1 hybrid plants is undesirable, as the generated seeds do not reliably create true copies, and thus new hybrid seeds are purchased for each planting.
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Varying climatic conditions and incapability to reproduce hybrid seeds due to loss of parent F1 hybrid characteristics by segregation of genes in offspring limit the market growth. Increase in demand for hybrid seeds from the emerging countries and technology-driven agriculture in the developed regions are expected to provide great potential for hybrid seeds market expansion.
Asia-Pacific and LAMEA collectively accounted for more than half of the share to the global hybrid seeds market revenue, in 2016. In the same year, Asia-Pacific dominated the market, owing to the increase in demand of enhanced agricultural products.
The prominent market players profiled in the report include Advanta Limited (India), Biostadt India Limited (India), DOW Agrosciences LLC (U.S.), E.I Du Pont De Nemours and Company (U.S.), Emerald Seed, Inc.(U.S.), KWS AG (Germany), Kaveri Seed Company (India), Monsanto Company (U.S.), Mahyco Seeds Ltd. (India), and Syngenta AG (Switzerland).
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Key Findings of the Hybrid Seeds Market:
- Asia-Pacific is expected to lead the market during the forecast period, followed by LAMEA.
- The fruit & vegetable crops segment is expected to show highest growth rate by crop in North America, registering a CAGR of 9.7% from 2017 to 2023.
- Treated seeds was the highest segment by seed treatment in hybrid seeds market, in terms of volume, in 2016.
- South Africa accounted for 4.12% share, in terms of volume, in the LAMEA hybrid seeds market in 2016.
- UK accounts for 7.63% share, in terms of revenue, in the European hybrid seeds market, in 2016.
- India is expected to grow at the highest CAGR of 10.3%.
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