Latin America Hybrid Seeds Market had a market value of USD 5.61 billion in 2021 and is forecasted to exhibit a CAGR of 9.6% and reach USD 8.86 billion by 2026.
Hybrid Seeds are produced by controlled cross pollination of different varieties of same plant. Using Hybrid Seeds we can get plants with distinctive traits like superior resistance to pests, higher productivity and better adoptability to environment.
Latin America Hybrid Seeds Market Driving:
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.
Latin America Hybrid Seeds Market – By Crop Type:
Cereals & Grains
Latin America Hybrid Seeds Market – By Duration:
Latin America Hybrid Seeds Market – By Seed Treatment:
Latin America Hybrid Seeds Market – By Farm Type:
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.
Geographically, market is segmented into Brazil, Argentina and Mexico.
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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