The hybrid seeds market is projected to reach a value of USD 57.19 billion by 2022, at a CAGR of 9.10% from 2016. The market is driven by factors such as high-quality and high-yielding seeds used with innovative technology, new product offerings, and the advent of modernization of agriculture. Moreover, the growing global population, declining arable land, changing weather patterns, diversification of diets, and technology-driven agriculture in developing countries are factors responsible for the growth of the hybrid seeds market.
Research and development activities from seed companies have provided new pollination techniques in order to increase the efficiency of crop production through improved seeds or planting methods to meet the fast growing demand for food and feed. Increasing investments in R&D capabilities of the key players for innovating new hybrid seeds products, along with the increased expenditure on innovating new and cost-effective production processes of hybrid seeds is expected to change the business landscape in the next six years.
On the basis of crop type, the fruits & vegetables segment is projected to grow at the highest growth rate from 2016 to 2022. The demand for various types of fruit & vegetable seeds is driven by favorable climatic conditions, technology, and storage methods. To meet the increasing demand for fruits and vegetables, the commercial seed companies are constantly investing in production facilities that focus on hybrid seed quality and sustainability.
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On the basis of duration, short-term hybrid seeds are the most widely used form of hybrid seeds. Short-duration hybrids require less inputs and can thrive under limited water availability. Crops such as wheat, chickpea, rice, and mustard can be grown in a short duration.
On the basis of seed treatment, the untreated segment is projected to grow at a higher growth rate in the global hybrid seeds market from 2016 to 2022. Untreated hybrid seeds are not treated with any chemical, biological, or physical method of seed treatment. This is the reason that the untreated hybrid seeds can be used in organic farming, provided that a comparable seed variety is not available in certified organic seed.
Outdoor farm type is a widely accepted type of farming that eases the application of pesticides and fertilizers results in increased crop yield. Outdoor farming comprises fields, gardens, and nurseries, generally preferred for seasonal crops.
The fastest-growing market for hybrid seeds is projected to be Asia-Pacific between 2016 and 2022. The North American market experiences the maximum consumption of hybrid seeds due to the increasing population and demand for new and enhanced agricultural products. Key players have concentrated their major research & developments efforts to develop products conforming to European regulations for hybrid seeds, since these regulations are considered to be benchmarks in terms of certain seeds.
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Key players identified in the global market include E. I. du Pont de Nemours and Company (U.S.), Syngenta AG (Switzerland), Monsanto (U.S), Dow AgroSciences LLC (U.S.), and KWS (Germany), which are among the key players of the hybrid seeds market as these are well-established and financially stable players that have been operating in the industry for several years. Most key participants have been exploring new regions through new product launches, collaborations, and acquisitions across the globe to avail a competitive advantage through combined synergies. Since 2013, the hybrid seeds market has witnessed an increase in demand, especially in countries such as the China, India, Brazil, and Japan.