Hybrid Seeds Market

Hybrid Seeds Market Size

[170+ Pages Research Report]   to surpass USD 29.1 billion by 2032 from USD 23.08 billion in 2021 at a CAGR of 6.4% throughout the forecast period 2022-32

Hybrid seeds are those that have been produced through the crossing of two or more dissimilar inbred plants. When the two different types are crossed, a seed with one or more advantageous features is produced. These seeds are frequently used in industrial farming, particularly to boost crop yields. The numerous types that hybrid roses offer is often appreciated by home gardeners. However, home gardeners frequently avoid hybrid seeds. Natural cross-breeding between varieties results in hybrid seeds. These seeds are not genetically modified. Hybridizing vegetables and flowers is quite common. Notably, hybrid types of tomatoes, roses, and sweet corn are regularly produced through cross-breeding. An F1 hybrid is a seed produced by the first open-pollinated cross of the two dissimilar plants.

Market Highlights

The Hybrid Seeds Market is expected to project a notable CAGR of 6.4% in 2032.

Hybrid Seeds Market to surpass USD 45.8 billion by 2032 from USD 23.08 billion in 2021 at a CAGR of 6.4% in the coming years, i.e., 2022-32. The Hybrid Seeds Market is primarily driven by the introduction of more hybrid seed types, varied diets, and the use of hybrid seeds that include cutting-edge features like seed coatings. In addition, the development of new products and agricultural modernization are two more key factors that significantly fuel the Hybrid Seeds Market.

Figure - Market Analysis of Hybrid Seeds Market

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Hybrid Seeds Market: Segments

The Cereals & Pulses segment is expected to grow with a higher CAGR during 2022-32

Hybrid Seeds Market is categorized on the basis of Type into Cereals & Pulses, Oilseeds, Fruits & Vegetables, and Others. In 2021, the cereals & pulses segment led the market and is anticipated to contribute the largest amount of revenue during the estimated period. This is growing due to frequent consumption as a staple meal. Moreover, it is used in the food and feed processing industries. The increased use of hybrid seeds in maize is one of the main factors boosting the cereals & pulses segment growth.

The Outdoor segment is expected to grow with a higher CAGR during 2022-32

Hybrid Seeds Market is categorized on the basis of Farm Type into Outdoor and Indoor. The Outdoor farming is anticipated to account for the biggest share of the Hybrid Seeds Market. The segment's highest share is associated with the widespread usage of outdoor farming for industrial-scale feed production. Gardens and nurseries are also a part of outdoor agriculture; hence, this is boosting the Hybrid Seeds Market.

Figure - Market Analysis of Global Hybrid Seeds

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Market Dynamics

Growth Drivers

The Growing Awareness of the Benefits of Hybrid Seeds

The demand for hybrid seeds has increased as people are becoming more aware of their advantages. Hybrid seeds can be grown more quickly and easily. They produce more, have bigger fruits, are more resistant to disease, and can handle extreme conditions better. They have a longer lifespan than the other seeds. Agricultural crop seeds are necessary for many agro-based industries like the food processing, pharmaceutical, textile, and nuclear sectors. As a result, hybrid seeds are crucial to global economic growth and market expansion. Over the forecast period, these factors are anticipated to drive the market.

Increasing Disposable Income of Consumers and Rising Use of Good Quality Planting Material

The infrastructure supporting the food supply is under intense strain as a result of rising urbanization, declining arable land, and rising population and disposable income of individuals who are seeking more protein. For additional inputs to be as effective as possible, the quality of the seed is a must for crop development. Therefore, the most important component for the sustainability of agriculture is good seeds or planting material, and seeds with higher yields, which will help to meet the rising demand for agricultural products. These are a few other major driving factors of the market.

Restraint

Low Awareness among Producers of Hybrid Seeds Benefits and Reliance on Farm-Saved Seeds

The main variables influencing the Hybrid Seeds Market include the lack of knowledge among crop producers about the advantages of utilizing hybrid seeds, their strong reliance on farm-saved seeds, and their control of the informal seed supply chain. Other significant impediments to the growth of the hybrid seeds market include low purchasing power, higher prices for hybrid seeds compared to conventional seeds (farm-saved), lack of suitable new varieties, regulatory barriers, poor infrastructure, high R&D costs, and the reproduction and marketing of patented varieties.

Recent Developments

• BASF SE's new brand for hybrid wheat seeds, Ideltis, was launched in June 2020. With the brand’s hybrid wheat, BASF hopes to give farmers better, more consistent performance in terms of production and quality.
• Corteva Agriscience in May 2020, announced the release of Brevant seeds, a new and bold high-performance corn and soybean brand accessible only at retail locations in the Midwest and Eastern Corn Belt of the United States.
• Sensako (South Africa), a seed business with a focus on cereals, was purchased by Syngenta Group in August 2020. The deal would increase Syngenta Seeds' market share in South Africa.

Hybrid Seeds Market: Key Players

• BASF SE

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

• Bayer AG
• Syngenta Group
• Corteva Agriscience
• UPL Limited
• KWS SAAT SE
• Biostadt India Limited
• Enza Zaden
• Rallis India Limited
• Crystal Crop
• Kaveri Seed Co Company
• SL Agritech
• Sakata Seed Corporation
• Takii & Co. Ltd
• Emerald Seed Inc.
• Other Prominent Players

Hybrid Seeds Market: Regions

Hybrid Seeds Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. In 2021, North America held a larger market share. Owing to the existence of big competitors and the accessibility of high-quality seeds in the area, it is projected that the market would expand greatly. Mexico and Canada rely on the US seed business to meet their seed needs. There are no regional or national seed shortages in the US seed industry.

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Impact of Covid-19 on Hybrid Seeds Market

Due to the spread of COVID-19, most industries suffered severe losses. To stop the epidemic from spreading further, numerous countries' governments have imposed lockdowns. The scarcity of seeds caused a serious catastrophe in the agricultural industry as a result of the lockdown's adoption. Due to the pandemic's global growth, there was a major problem with the manufacturing and selling of seeds at that time since it was a period for seed production.

Hybrid Seeds Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Hybrid Seeds Market report also contains analysis on:

Hybrid Seeds Market Segments:

• By Type 
  • Cereals & Pulses
  • Oilseeds
  • Fruits & Vegetables
  • Others
• By Seed Treatment 
  • Treated
  • Untreated
• By Acreage 
  • Field Crops
  • Fruits & Vegetables Crops
• By Farm Type
  • Outdoor
  • Indoor 
• Hybrid Seeds Market Dynamics
• Hybrid Seeds Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints

Hybrid Seeds Market Report Scope and Segmentation

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