The global hybrid seeds market was valued at $59,555.2 million in 2020, and is estimated to reach $166,189.8 million by 2031, registering a CAGR of 9.6% from 2022 to 2031.
Hybrid seeds are produced through hybridization, which is a breeding process that involves crossing of two inbred lines from different backgrounds to develop seed varieties with stronger biological characteristics. These seeds offer various advantages, such as higher yield potential, improved plant vigor, enhanced resistance to disease & stress, uniformity, and better return on investment. Hybrid varieties that are continuously enhanced and are adapted to the current requirements dominate the crops in which breeders achieved more than 15% of hybrid vigor. These seeds are being increasingly used in fruit & vegetable crops due to their potential to deliver agronomic traits, such as insect tolerance and enhanced food quality.
Growth in usage of hybrid seeds with various advanced traits, such as seed coatings, new product offerings, and mechanical & biological innovations associated with farms to increase overall productivity are the major factors that drive the market growth globally. In addition, decline in arable land, innovation to enhance the variety of hybrid seeds, and diversification in diets supplement the market growth.
Outbreak of COVID-19 has negatively impacted the overall growth of the hybrid seeds market. This is majorly attributed to decrease in production of seeds, lack of agricultural inputs for agricultural operations, certification facilities, and disruption in supply chain.
The hybrid seeds market segmented into crop, duration seed treatment, farm type, and region. On the basis of crop, the market is segmented into field crops (cotton, corn, rice, millet, sunflower, and sorghum) and fruits & vegetable crops (tomato, okra, chilli, cauliflower, cabbage, gourds, watermelon, cucumber, and others). By duration, it is segmented into short-term, medium-term, and long-term. Depending on seed treatment, it is classified into treated and untreated. On the basis of farm type, market is segmented into indoor and outdoor. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Spain, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, Turkey, and rest of LAMEA).
Asia-Pacific is leading, in terms of both value and volume, due to growth in population and rise in demand for new & enhanced agricultural products. Introduction of special schemes to increase productivity in the region resulted in surge in usage of hybrid seeds. Market liberalization to ensure proper availability of high-quality & high-yielding seeds to Indian farmers and flexibility of norms while exporting products to overseas play a crucial role in growth & development of the market.
The major players operating in the market are Bayer AG, Biostadt India limited, Corteva Agriscience, Crystal Crop Protection Pvt. Ltd., Emerald Seed Company, Kaveri Seed Company, KWS SAAT SE & Co., Mahyco seeds ltd., Syngenta Crop Protection AG, and UPL Limited.
Hybrid seeds are produced through hybridization, which is a breeding process that involves crossing of two inbred lines from different backgrounds to develop seed varieties with stronger biological characteristics. These seeds offer various advantages, such as higher yield potential, improved plant vigor, enhanced resistance to disease & stress, uniformity, and better return on investment. Hybrid varieties that are continuously enhanced and are adapted to the current requirements dominate the crops in which breeders achieved more than 15% of hybrid vigor. These seeds are being increasingly used in fruit & vegetable crops due to their potential to deliver agronomic traits, such as insect tolerance and enhanced food quality.
Growth in usage of hybrid seeds with various advanced traits, such as seed coatings, new product offerings, and mechanical & biological innovations associated with farms to increase overall productivity are the major factors that drive the market growth globally. In addition, decline in arable land, innovation to enhance the variety of hybrid seeds, and diversification in diets supplement the market growth.
Outbreak of COVID-19 has negatively impacted the overall growth of the hybrid seeds market. This is majorly attributed to decrease in production of seeds, lack of agricultural inputs for agricultural operations, certification facilities, and disruption in supply chain.
The hybrid seeds market segmented into crop, duration seed treatment, farm type, and region. On the basis of crop, the market is segmented into field crops (cotton, corn, rice, millet, sunflower, and sorghum) and fruits & vegetable crops (tomato, okra, chilli, cauliflower, cabbage, gourds, watermelon, cucumber, and others). By duration, it is segmented into short-term, medium-term, and long-term. Depending on seed treatment, it is classified into treated and untreated. On the basis of farm type, market is segmented into indoor and outdoor. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Spain, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, Turkey, and rest of LAMEA).
Asia-Pacific is leading, in terms of both value and volume, due to growth in population and rise in demand for new & enhanced agricultural products. Introduction of special schemes to increase productivity in the region resulted in surge in usage of hybrid seeds. Market liberalization to ensure proper availability of high-quality & high-yielding seeds to Indian farmers and flexibility of norms while exporting products to overseas play a crucial role in growth & development of the market.
The major players operating in the market are Bayer AG, Biostadt India limited, Corteva Agriscience, Crystal Crop Protection Pvt. Ltd., Emerald Seed Company, Kaveri Seed Company, KWS SAAT SE & Co., Mahyco seeds ltd., Syngenta Crop Protection AG, and UPL Limited.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the global hybrid seeds market with current trends and future estimations to elucidate the imminent investment pockets in the market
- The report provides information regarding drivers, restraints, and opportunities with impact analysis
- A quantitative analysis from 2020 to 2031 is provided to showcase the financial competency of the market
- Porter’s five forces model of the industry illustrates competitiveness of the market by analyzing various parameters such as threat of new entrants, threat of substitutes, bargaining power of the buyers, and bargaining power of the suppliers operating in the market
- Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain
- Competitive intelligence highlights business practices followed by leading market players across various regions
KEY MARKET SEGMENTS
By Crop
- Field Crops
- Cotton
- Corn
- Rice
- Millet
- Sunflower
- Sorghum
- Fruit & Vegetable Crops
- Tomato
- Okra
- Chili
- Cauliflower
- Cabbage
- Gourds
- Watermelon
- Cucumber
- Others
By Duration
- Short-term
- Medium-term
- Long-term
By Seed Treatment
- Treated
- Untreated
By Farm Type
- Indoor
- Outdoor
By Region
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Turkey
- Rest of LAMEA
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Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Landscape
Chapter 4: Hybrid Seeds Market, by Crop
Chapter 5: Hybrid Seeds Market, by Duration
Chapter 6: Hybrid Seeds Market, by Seed Treatment
Chapter 7: Hybrid Seeds Market, by Farm Type
Chapter 8: Hybrid Seeds Market, by Region
Chapter 9: Company Profiles
List of Tables
List of Figures
Executive Summary
According to a new report titled, “Hybrid Seeds Market by Crop, Duration, Seed Treatment and Farm Type: Global Opportunity Analysis and Industry Forecast, 2022-2031,”The global hybrid seeds market size was valued at $59,555.2 million in 2020, and is estimated to reach $166,189.8 million by 2031, registering a CAGR of 9.6% from 2022 to 2031.
Hybrid seeds are developed through cross pollination of two diverse varieties. This highly selective and specific plant breeding is performed to bring together different traits from chosen varieties in the resulting seed. Hybrid seeds assist manufacturers to produce F1 hybrid plants with enhanced characteristics, such as enhanced uniformity, better yield, disease resistance, and improved color. Clonal propagation and open pollination are alternatives to hybridization. Increase in usage of hybrid seeds with several advanced traits, such as pelleting & seed coatings, biological & mechanical innovations related to farms, introduction of enhanced hybrid seed varieties, and decline in arable land, and diversification of diets are major factors that drive the market growth globally. Global population is estimated to reach 9 billion by 2050, and is expected to require twice the food, which could be produced from constant land area. More production is anticipated to be accomplished from less land only by using the combination of quality seeds, quality inputs, and enhancing farm practices.
However, change in climatic conditions and the fact that hybrid seeds cannot be reproduced as two different types of genes in F1 hybrid are segregated in the offspring, resulting in an extremely variable progeny limit the market growth. Diversified demand for hybrid crops in the emerging countries and technology-driven agriculture in the developed countries are expected to provide lucrative opportunities for the expansion.
Outbreak of COVID-19 negatively affected the growth of the hybrid seeds market in 2020. Disruption in supply chain and transportation, increase in cost of seeds and its limited production are some of the major factors affected the growth of the market in 2020.
The hybrid seeds market segmented into crop, duration seed treatment, farm type ,and region. On the basis of crop, the market is categorized into field crops (cotton, corn, rice, millet, sunflower, and sorghum) and fruits & vegetable crops (tomato, okra, chilli, cauliflower, cabbage, gourds, watermelon, cucumber, and others). By duration, it is segmented into short-term, medium-term, and long-term. Depending on seed treatment, it is segmented into treated and untreated. On the basis of farm type, market is bifurcated into indoor and outdoor. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Spain, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, Turkey, and rest of LAMEA).
According to the hybrid seeds market trends, on the basis of crop, the fruit & vegetable crops was valued at $40,951.5 million in 2020, and is projected to reach $118,878.4 million by 2031, growing at a CAGR of 10.0% from 2022 to 2031. In 2020, fruit & vegetable crops segment accounted for more than half of the market, in terms of revenue, due to shift in food usage from cereal consumption to vegetables in the emerging economies, such as India, and increase in consumer migration to different countries with varying food habits. Increase demand for fruits and vegetables for household and commercial consumption is further garner the demand for highly efficient and productive hybrid seeds.
On the basis of seed treatment, the treated segment was accounted for major share in global hybrid seeds market and is expected sustain its share throughout the hybrid seeds market forecast period. Treated seeds accounted for the maximum share, in terms of both volume and revenue, in 2020 as these seeds save post sowing cost of spraying and make crops tolerant to various soil born and other diseases. Furthermore, treated hybrid seeds assist to increase the productivity and provide benefits to farmers in terms of cost.
By farm type, indoor segment has gained major share in the global hybrid seeds market and is expected sustain its share during the forecast period. Indoor farms grow at the highest rate in hybrid seeds market as indoor farming offers ability to produce more with utilization of less resources. Indoor horticulture is 4,000x more productive as compared to conventional outdoor commodity farming. Furthermore, government providing subsidies to farmers to increase area under indoor farming.
According to the hybrid seeds market analysis, Asia-Pacific and LAMEA collectively accounted for more than half of the share to the global hybrid seeds market revenue, in 2020. In the same year, Asia-Pacific dominated the market, owing to the increase in demand of enhanced agricultural products. Furthermore, Government supporting the hybrid seeds production and supply and indoor farming owing to increasing scarcity of water and decreasing fertility of the soil and growing demand for agriculture produces.
The players operating in the hybrid seeds industry have adopted product launch and business expansion as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Bayer AG, Biostadt India limited, Corteva Agriscience, Crystal Crop Protection Pvt. Ltd., Emerald seed company, Kaveri seed company, KWS SAAT SE & Co., Mahyco seeds ltd., Syngenta Crop Protection AG, and UPL Limited.
Key Findings Of The Study
The hybrid seeds market share was valued at $59,555.2 million in 2020, and is estimated to reach $166,189.8 million by 2031, registering a CAGR of 9.6% from 2022 to 2031.
- In 2020, depending on crop, the field crops segment acquired $18,603.7 million, garnering 312% of the global market share
- In 2020, by duration, the long-term segment acquired $16,564.6 million, exhibiting 278% of the global market share
India was the most prominent market in Asia-Pacific in 2020, and is projected to reach $51,780.8 million by 2031, growing at a CAGR of 10.0% during the forecast period.
Companies Mentioned
- Bayer AG
- Biostadt India limited
- Corteva Agriscience
- Crystal Crop Protection Pvt. Ltd.
- Emerald seed company
- Kaveri seed company
- KWS SAAT SE & Co.
- Mahyco seeds ltd.
- Syngenta Crop Protection AG
- UPL Limited.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 230 |
| Published | February 2022 |
| Forecast Period | 2020 - 2031 |
| Estimated Market Value ( USD | $ 59555.2 million |
| Forecasted Market Value ( USD | $ 166189.8 million |
| Compound Annual Growth Rate | 9.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
