The global hybrid seeds market size is estimated to account for a value of USD 25.2 billion in 2021 and is projected to grow at a CAGR of 6.7% from 2021, to reach a value of USD 34.9 billion by 2026. The growing demand for hybrid seeds from the food, beverage, animal feed, and biofuels industry is driving the growth of the market. Demand for hybrid seeds has witnessed steady growth in countries such as China and India.
Driver: Rise in demand for fruits & vegetables across the globe
With the change in dietary practices globally, the demand for fresh and frozen vegetables has been growing. Consumers have become more conscious about what to consume to better their health and overall wellness, due to which the production of fruits & vegetables have grown.
Many farmers have gradually moved toward the cultivation of industrial crops, which would result in growth in market returns. According to the USDA, farmers are projected to seed about 91 million acres of land with soybean in 2018, an increase from 90.4 million acres sowed in 2017.
Opportunity: Demand for healthy and organic processed products
The increasing number of health-conscious consumers, coupled with increasing awareness about the negative effects of trans-fatty acids among the consumers, is expected to increase the demand for food products that contain low trans-fat levels during the forecast period. Manufacturers are developing food products that use healthier oils instead of trans-fatty acids.
They are also developing high-stability oils, such as high oleic sunflower, linolenic canola, and low linoleic soybean, to seek emerging opportunities. There is also a considerable potential to replace trans-fats due to the growing demand for food products containing functional ingredients. The growing agricultural land, globally, for all crop types, is also creating opportunities for seeds.
Some of the major players operating in the hybrid seeds market include BASF SE (Germany), Bayer AG (Germany), Syngenta Group (Switzerland), KWS SAAT SE (Germany), Land O’ Lakes (US), Sakata Seed Corporation (Japan), Groupe Limagrain (France), Corteva Agriscience (US), United Phosphorous Limited (India), DLF (Denmark), Longping Hi-tech (China), Rallis India Limited (India), Enza Zaden (The Netherlands), Takii & Co. Ltd (Japan), and Barenbrug Holding B.V (Netherlands). They also have manufacturing facilities along with strong distribution networks across these regions.
This has benefited both small family farms and the commercial agriculture business.Plant breeding has advanced significantly as a result of biotechnology.
Several hybrid maize cultivars have previously been created and are currently widely used.
Several maize hybrids used for animal feed include proteins that are extremely beneficial to the cattle, poultry, and pig sectors.The primary feature of all crops including genetic designs from hybrid seeds is that they are intended to grow in certain conditions.
These characteristics are handed on to subsequent generations via heredity.
Resistance to soil pests and severe environmental stressors, tolerance to disease and insect assaults, and tolerance to shifting weather conditions are among these characteristics.There are many different kinds of hybrid seeds available that can be crossed with other plant varieties.
In an open-pollinated flower system, pollen from several registered naturally occurring species is transported to the target plant during one or more blooms.Hybridization is a continual process that has resulted in two extremely productive, environmentally sound, and drought-tolerant maize cultivars.
