The Europe hybrid rice seeds market size is expected to reach USD 1.16 billion in 2024 and reach USD 2.09 billion by 2029, growing at a CAGR of 12.38% from 2024 to 2029.
Hybrid rice is the product formed by the cross-pollination between two genetically distinct rice parents to get the desired characteristics and products. It is mainly adopted in farming in order to increase yield, resistance against weeds and vigour of the crops. So, with the better results from hybrid rice compared to conventional rice, there is a predominant market grown for hybrid rice seeds in modern agriculture.
When farmers plant these hybrid rice seeds, they will produce similar plants, whereas the next generation seeds from those hybrid rice seeds consistently may not have the desired characteristics. Due to increased vigor, this rice will have a 15-30% yield advantage over the conventional rice that farmers grow. With new product innovations and technological advancements in the agriculture industry, many market leaders and government organizations are investing in this market.
Factors like demand for more yield in the available agricultural area, high-quality and high-yielding seeds used with innovative technology, growing population, the decline in the arable land, changing weather conditions, modernization of agriculture, rising utilization of hybrid seeds, ensured food security, favorable government policies in the agriculture sector are driving the growth of Europe Hybrid Seeds Market. However, high cost, low shelf life, and lack of awareness among the farmers are hindering the growth of the market.
Major companies dominating the Europe hybrid seeds market are Bayer Crop Science, Dupont, Nirmal Seeds, Syngenta, China National Seed Group, RiceTec, Nath, Longping High-tech, Hefei Fengle Seed and Zhongnongfa Seed.
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