The global hybrid seeds market size is expected to reach USD 28.84 billion in 2024 and reach USD 51.3 billion by 2029, registering at a CAGR of 7.22% from 2024 to 2029.
Hybrid seed enhances the better output by improving the characteristics of the resulting plants. It is a new variety produced by cross-pollinating the parent plants, which are genetically different. The plants are cross-pollinated to get desired outputs. The plants with this seed have high resistance power to fight against diseases and yield high crop production. According to recent survey reports, we are consuming 90% of hybrid food items that are produced using hybrid technology. Nowadays, fruits, vegetables, and other food items are grown using hybrid technology to obtain the desired characteristics like color, uniformity, and others. Many industries like textile, pharmaceutical, food processing, and nuclear, among others, depend heavily on hybrid seeds due to their wide usage in varied applications. A farmer can yield more production using hybrid technology to cultivate crops without any stress. It has also been proven that hybrid seeds have longer lifespans than casual seeds, which helps dramatically raise the agricultural output positively.
In today's world, people are more inclined to eat plant-based food products rather than animal-based products, with the rising prominence on reducing cruelty to animals. This trend is likely to seek a higher crop production rate, which can be obtained using hybrid technology. The introduction of new technologies to improve crop yield through many varieties in the 20th century is relatively to lower the poverty and hunger of many people across the globe. Around 50% of the population across the world is engaged in agricultural activities. Many people in developed and emerging countries are inclined to live healthy lifestyles by only eating fresh fruits and vegetables and totally avoiding processed food products that leverage the market value. Government initiatives to increase the crop production rate through supporting innovative technologies in agriculture are surging the growth rate of the hybrid seeds market to an extent. According to the US Environmental Protection Agency, more than half of the land is used for agriculture, and the demand to protect agricultural land is growing steadily. US The decline in the crop production rate is hampering due to pollution, where the need for the adoption of hybrid technology to yield better in smaller agricultural lands is a good deal for the farmers. Hybrid seeds have much resistance and produce high crops irrespective of the harsh climatic conditions that further increase the production rate of fruits, vegetables, flowers, and others. According to the USDA (United States Department of Agriculture), the National Institute of Food and Agriculture invested around $3.4 Million for the extension of the agriculture process through innovative technologies in 2023.
According to the USDA (United States Department of Agriculture), the National Institute of Food and Agriculture invested around $3.4 Million for the extension of the agriculture process through innovative technologies in 2023. The purpose of this project is to promote a higher range of technologies for the extension of science-based research activities that help in adopting new and innovative technology in agriculture that positively reduces food insecurity concerns. The rising number of people living in poverty eventually increases the number of hungry people, especially in undeveloped countries, substantially increasing the growth rate of the market. According to the UN food chief, one in ten people are going to bed without food every night across the world. Also, the alarm bells are rising regarding the food crisis where 700 million people are living in a state where they don't even know when they will eat again, according to the UN food agency. The rising economic crisis is drying up the humanitarian charity that is eventually increasing the hungry population, which is why the need to adopt new technologies in agriculture to meet the demand for food for the global population is ascribed to fuel the growth rate of the hybrid seeds market.
Though the hybrid technology has much more efficiency in growing harsh temperatures, it could not have a positive response during adverse weather conditions like floods and droughts. This will eventually decrease the yield. Heavy rainfall and drought conditions decline the quality of the soil and the land, which also doesn't support gaining the expected productivity, which shall degrade the growth rate of the hybrid seeds market. According to the latest survey report in India, around 36 million hectares of agriculture were damaged only due to harsh weather conditions such as floods, droughts, cloudbursts, and unseasonal rains in 2022. Around 85% of farmers are having repeated losses due to crop damage in India, which is a negative factor for the market to grow eventually.
Shifting trend to launch healthy and plant-based processed food products with the growing demand from the public is anticipated to leverage the growth opportunities for the hybrid seeds market. People are becoming aware of choosing healthy eating habits through various platforms like social media and others. Therefore, companies are investing in launching new products according to consumers' preferences and gaining huge profits. In addition to this, the demand to consume healthy food by consuming low trans fat levels that come with the quality production of the oil through quality crop production is set to create prominence for the hybrid seeds in the coming years.
Availability of the local brand hybrid seeds at very low prices, which seeks attention from the farmers in rural areas, eventually hampering the growth rate of the hybrid seeds market. Key companies face severe challenges with the easy availability of local brand products as their price value doesn't meet the production cost. Therefore, the rising number of new entrants is likely to degrade the market value.
In 2020, the market share of hybrid seeds was drastically decreased due to the emergence of COVID-19. Lockdown restrictions and disruptions in the supply chain were major factors that degraded the growth rate of the market. However, the hybrid seeds market share eventually increased once the restrictions were completely eased in 2021. All the agriculture activities started in full swing as the investments from the government officials also rose post-pandemic with the demand to meet the goal of getting the required crop production rate. This factor is attributed to lavishing growth opportunities for the market in the future.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
7.22% |
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Segments Covered |
By Crop Type, Duration, Seed Treatment, Farm Type, Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
E. I. du Pont de Nemours and Company, Syngenta AG, Monsanto, Dow AgroSciences LLC, and KWS. Other players include Advanta Limited, Land OLakes, Inc., Takii & Co. Ltd., and Mahyco, and Biostadt India Ltd. |
The cereals & Grains segment is dominating with the highest market share owing to the increasing number of food industries. Ease in the food trade between the countries is strongly correlated with a rise in the growth rate of the market. An increasing number of chronic diseases and people's demand to follow healthy diet options with naturally grown food products will eventually grab the attention of the cereals and grains segment growth. The fruits and vegetables segment is next in leading the growth rate of the market, whereas the oilseeds segment is to hit the highest CAGR by the end of 2029.
The short-term duration segment is gaining much traction in the market due to the drastic climatic conditions across the world. Crops like cereals, buckwheat, yellow mustard, oilseed, and sorghum, which have higher demand across the world, can be grown in a duration of 45-60 days with desired outputs. The medium and long-term duration segment is likely to have growth opportunities in the foreseen years.
The treated segment has had prominent growth opportunities for the past few years, and the untreated segment is gaining attention from the companies so far. Treated hybrid seeds have a higher potential to yield than expected. Nowadays, with the rising prevalence of organic-based food products, the demand for untreated hybrid seeds is eventually increasing, which is expected to have a higher growth rate during the forecast period 2024-2029.
The indoor farms segment is expected to lead the hybrid seeds market during the forecast period. Indoor farming is the latest trend across the world. The growing urban population and feasibility of growing the plants in eventually less space are expected to showcase huge growth opportunities for the indoor farms segment. The outdoor segment has substantially had the highest market share in the past few years.
Quick adoption of innovative technological developments in agriculture and growing awareness to leverage crop production are greatly influencing the growth rate of the market. Favorable government schemes for farmers in emerging countries like India are ascribed to leverage the growth rate of the market. The Food and Agriculture Organization (FAO) is estimating that India's population will reach 8.55 billion in the next seven years. As part of this, the food insecurity concern is eventually rising at a random rate, and the need to increase crop yield production at a higher rate is highly important. For instance, ICAR (Indian Council for Agricultural Research) has taken the initiative to adopt hybrid seeds actively over the past few years to meet the goal of reducing food hunger bells in the future.
In addition, on-going research and development activities with the rising support from the government authorities through funds is propelling the growth rate of the hybrid seeds market. High disposable income in urban areas and rising prominence for the manufacturing of processed food with healthy ingredients are outraging the growth rate of the hybrid seeds market in North America.
Europe is likely to have the faster growth rate in the coming years. Rising initial investment sin agriculture from public organizations is typically to promote the growth rate of the market in Europe.
Middle East & Africa and Latin America are likely showcase opportunities for the growth rate of the hybrid seeds market in the next coming years.
Companies such as E. I. du Pont de Nemours and Company, Syngenta AG, Monsanto, Dow AgroSciences LLC, KWS, Advanta Limited, Land OLakes, Inc., Takii & Co. Ltd., Mahyco and Biostadt India Ltd. are playing a notable role in the global hybrid seeds market.
By Crop Type
By Duration
By Seed Treatment
By Farm Type
By Region
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