Hybrid Seeds - Global Market Outlook (2017-2023)
According to Stratistics MRC, the Global Hybrid Seeds Market is accounted for $33.75 billion in 2016 and expected to grow at a CAGR of 10.2% to reach $66.75 billion by 2023. Factors like Enhanced hybrid seed varieties, technology driven agriculture in developing countries and biological and mechanical innovations on farms are driving the market growth. However, Varying climatic conditions are hampering market growth. Further, hybrid seeds are expensive and concerns related to the adoption of hybrid seeds are challenging to the market. There is a trend of increasing demand for hybrid crops in emerging economies.
Treated hybrid seeds dominated the hybrid seeds market because of demand for quality crop produce. Fruit & vegetable crops segment witnessed to grow at highest rate, in terms of revenue in the market due to development of hybrids having heat tolerance and resistance to viruses with male sterility. Asia Pacific is anticipated to be the fastest growing market owing to the continuous rise in population, and support from government. India, China, and Japan are the biggest markets in this region.
Some of the key players in Global Hybrid Seeds Market are Advanta Limited, Bayer CropScience, Bostadt India Limited, China National Seed, Dabeinong, DOW Agrosciences LLC, E.I Du Pont De Nemours and Company, Gansu Dunhuang Seed, Goldoctor, Grand Agriseeds, Henan Qiule, Jiangsu Dahua, KWS AG, Limagrain, Land O' Lakes, Inc., Monsanto and Syngenta AG.
Seed Treatments Covered:
• Indoor Farms
• Fruits & Vegetables
o Other Fruits & Vegetables
• Field Crops
o Other Field Crops
• Fruits & Vegetables
• Cereals & Grains
• Other Crops
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• Rest of the World
o Middle East
o South Africa
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