The Latin American hybrid seeds market size is expected to reach USD 7.39 billion in 2024 and reach USD 11.68 billion by 2029, growing at a CAGR of 9.6% from 2024 to 2029.
Hybrid seeds are produced by controlled cross-pollination of different varieties of the same plant. Using hybrid seeds, we can get plants with distinctive traits like superior resistance to pests, higher productivity, and better adaptability to the environment.
New product offerings, High quality seeds, and modernization of agriculture are some of the major factors driving the market. Some other factors like increasing population, decreasing agricultural lands, changing weather patterns, variety of diets, and technology driven agriculture in developing countries are driving the market. However, factors like high cost of hybrid seeds are slowing down the growth of Latin America hybrid seeds market.
Fruits and Vegetables segment is expected to witness significant growth during forecast period owing to its growing demand. Treated Hybrid Seeds market dominates the Latin America market owing to the growing demand for quality agricultural produce and increasing agricultural activities.
Major players in the market are E. I. du Pont de Nemours and Company, Syngenta AG, Monsan, Dow AgroSciences LLC, and KWS. Other players include Advanta Limited, Land OLakes, Inc., Takii & Co. Ltd., and Mahyco, and Biostadt India Ltd.
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