Hybrid Seeds Market

Hybrid seeds market was estimated at USD 58,226 Million in 2020 and projected to grow at 9.7% CAGR during the forecast period.

Hybrid Seeds Market Overview

Hybrid seeds are produced through pollination of two specific varieties. Plant breeding brings together two traits in each of the chosen varieties so that the resulting seed has both traits. Creating hybrid is more famous for flowers and vegetables. Hybrid seeds are used to improve the characteristics of the resulting plant, such as better yield, improved color, and disease resistance.

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Major Hybrid Seeds Market Drivers

Increasing adoption of hybrid seeds across the biofuels, animal feed, and food & beverage industry stands to be a chief factor fueling the hybrid seeds market size. The accelerating population, primarily across India and China has bolstered the demand for food grains, driving the market growth. In addition, the emerging need to ensure food safety with sustainable agricultural practices will further expand the market growth. According to FAO, the global population in 2018 was 7.63 billion, and is expected to reach 8.19 billion by 2025 and 8.55 billion by 2030.
Growing awareness about the advantages of hybrid seeds over conventional seeds which include enhanced food quality, increased productivity, early maturity, resilience to pest and diseases, along with the ability to withstand heat and colds will expand the market share. Increasing research and development by leading breeding companies and ongoing technological advancements in agricultural science and seed industry have allowed farmers to effectively manage productivity by making the crops disease resistant, which is another factor propelling the market growth. For example, in November 2021, East-West Seed, a Nigerian company, launched new varieties of hybrid seed to improve farmer’s productivity as part of an initiative intending to expand and diversify the vegetable sector. However, as per the global hybrid seeds market analysis, the dominance of informal supply chains of seeds, high research and development costs, lack of awareness, and higher prices of hybrid seeds as compared to the traditional seeds are the factors projected to hamper the market size over the upcoming years.

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Product – Segment Analysis

Based on Product, the Transgenic Hybrid segment is expected to witness higher growth in the coming years due to its capacity of producing more per acre than any other seeds. Transgenic hybrid is disease resistant and has more success rate. These hybrids have varieties of breed that can reach maturity faster in a short growing season. For instance, tomato is a transgenic hybrid, which has caught the attention of tomato processors directly procuring tomatoes from farmers.

Crop Type – Segment Analysis

Grain & cereals are anticipated to expand at a faster CAGR over the forecast period. The growth can be attributed to the increasing adoption as a staple food in several countries. The large area under cultivation for these crops is further projected to expand the regional growth.

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Regional – Segment Analysis

Asia Pacific region is forecast to lead the market over the forecast period, owing to the rising area under the indoor farming and increasing demand for organic fruits and vegetables. The growing emphasis of countries to attain high-yield and disease-resistant crops has encouraged the market players to take various initiatives for new seed treatment products, driving the regional growth. For instance, in 2019, Bayer CropScience launched a fluopyram fungicide for seed treatment against diseases including gray mold, powdery mildew, and Molinia diseases. Moreover, strategic government norms, such as subsidies and growing demand for food and feed are forecast to expand the market size.

Top Market Players

Several leading companies in the market include Advanta Ltd., DoW Agrosciences LLC, E.I. DuPont De Numerous and company, Emerald seed Inc., Monsanto Company, Syngenta A.G., Longping Hi-tech, Enza Zaden, Takii & Co. Ltd., Corteva Agrisciences, among others.

Key Developments:

• • In 2020, BASF SE developed its latest crop protection facility in Singapore to expand its production capacity in the Asia Pacific region and fulfil the growing demand of the farmers in the region for quality products for cultivation.
  • In 2020, BASF SE, introduced its new brand name for hybrid wheat seeds, Ideltis. This hybrid wheat seed will provide more stable performance in yield and quality for farmers.
  • In 2020, Bayer launches high-yielding corn hybrid seed for Bihar farmers called DKC 9188. It will provide better plant strength and delivers uniform, long corn cobs with strong yield stability and higher yield potential.
  • In 2019, BASF SE entered into a partnership with NRGene (Israel) for the research on the adoption of NRGene’s cloud-based artificial intelligence (AI) technology into BASF soybean research projects.
  • In 2019, BASF and Rothamsted Research, an agricultural research center, collaborated to research on sustainable agriculture where the two companies will use combined knowledge.

Segments covered in the Report:

The Hybrid Seeds Market has been segmented based on Product, Crop Type and region. Based on Product, the market is segmented into Transgenic Hybrid, Non-transgenic Hybrid, and Open Pollinated Varieties. Based on Crop Type, market is segmented into Grain and cereals, Pulses and Oilseeds, Commercial Crop, Fruit & Vegetables and Others.

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Market Segmentation

Global Hybrid Seeds Market by Product

• • Transgenic Hybrid
  • Non-transgenic Hybrid
  • Open Pollinated Varieties

Global Hybrid Seeds Market by Crop Type

• • Grain and cereals
  • Pulses and Oilseeds
  • Commercial Crop
  • Fruit & Vegetables
  • Others

Global Hybrid Seeds Market by Region

• • North America Hybrid Seeds Market (Option 1: As a part of the free 25% customization)

    • By Product
    • By Crop Type
    • US Market All-Up
    • Canada Market All-Up

  • Europe Hybrid Seeds Market (Option 2: As a part of the free 25% customization)

    • By Product
    • By Crop Type
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Hybrid Seeds Market (Option 3: As a part of the free 25% customization)

    • By Product
    • By Crop Type
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Hybrid Seeds Market (Option 4: As a part of the free 25% customization)

    • By Product
    • By Crop Type
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Hybrid Seeds market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Advanta Ltd.
  • DoW Agrosciences LLC
  • I. DuPont De Numerous and company
  • Emerald seed Inc.
  • Monsanto Company
  • Syngenta A.G.
  • Longping Hi-tech
  • Enza Zaden
  • Takii & Co. Ltd.
  • Corteva Agrisciences