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Hybrid Seeds Market Trends

Report ID: GMI6205
Published Date: Jul 2023
Report Format: PDF

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Hybrid Seeds Market Trends

Major trends witnessed in the hybrid seeds industry are advancements in biotechnology including genetic engineering techniques and CRISPR-Cas9 gene editing. These technologies enable the launch or modification of specific attributes in hybrid seeds such as disease resistance, herbicide tolerance, and improved nutritional content. The significant driver in the hybrid seed market has always been high crop yield, which will help agriculturists earn profits and fulfill the increasing worldwide demand for food.

Another major driver is the growing inclination for crops that provide enhanced nutritional value such as increased levels of vitamins, minerals, antioxidants, and other health-promoting compounds. This is in tandem with the increased demand for functional food and nutraceuticals among modern consumers.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of hybrid seeds was reached USD 40.2 billion in 2022 and is predicted to reach USD 80.7 billion by 2032, owing to the focus on yield enhancement and productivity.

Corn crop segment is predicted to grow at 6.6% CAGR through 2032, as hybrid field corn seeds provide high productivity & disease resistance or tolerance traits, reducing crop losses and the usage of chemical fertilizers that harm the environment.

The U.S. market accounted for USD 4.5 billion in 2022 and is predicted to grow at a rapid rate from 2023 to 2032, as the farmers in the region are focused on expanding their crop yield and profitability on both the domestic and international grounds.

Corteva Agriscience, Syngenta AG (part of ChemChina), Bayer CropScience (part of Bayer AG), BASF SE, Groupe Limagrain, KWS SAAT SE, Dow Inc., DuPont de Nemours, Inc., Monsanto Company (now part of Bayer CropScience), Sakata Seed Corporation.