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Asia Pacific is estimated to be the fastest growing market over the forecast period. India and China are gaining significant traction in hybrid seed market, owing to increasing population with high demand for healthy food.
Hybrid Seeds Market Research Report
Forecast Till 2026
Hybrid seed are developed artificially by combining two or more plants of
different species. Combining two different varieties result in development of
seed that carries one or more desired traits. Hybrid seeds are majorly used in
commercial farming to increase crop yields and to develop disease and climate
resistant plants.
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Hybrid seeds Market Outlook
North America is the largest hybrid seeds market, owing to increasing demand
for farming product.
Asia Pacific is estimated to be the fastest growing market over the forecast
period. India and China are gaining significant traction in hybrid seed market,
owing to increasing population with high demand for healthy food.
Urbanization has resulted in loss of farmland, which is creating demand for food
production food in less area.
In Latin America, Middle East, and Central Europe the hybrid seeds market is
growing at a slow rate due to the lack of awareness regarding benefits of hybrid
seeds.
Hybrid seeds Market Challenges
However, process involved in preparation of hybrid seed is expensive and
complex, which is expected to restrain growth of the market. Furthermore,
hybrid seeds are unable to survive in changing climatic conditions and they
cannot reproduced once sowed in the field. Moreover, lack of awareness among
customers and lack of biotic stress resistant hybrids are the major challenges for
growth of the hybrid seed market.
Major players are adopting various organic and inorganic growth strategies to
maintain leading position in market. For instance, AgrEvo, a joint venture of
Hoechst AG and Schering AG is a market leader in hybrid vegetable seeds. Key
players operating in hybrid seeds market include DOW Agro Sciences LLC, E.I
Du Pont De Nemours and Company, Monsanto, Syngenta AG, KWS, Advanta
Limited, Land O’ Lakes, Inc., Takii & Co. Ltd., Mahyco, and Bostadt India
Limited.
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pallavi.reddy
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