Global Hybrid Seeds Market Was Worth USD 33.6 Billion in 2016 and Is Expected to Reach USD 52.419 Billion by 2021 with a CAGR of 9.2 %
New product offerings, High quality seeds, and modernization of Agriculture are some of the major factors driving the market
Hyderabad, India -- (SBWire) -- 03/20/2018 --The report "Hybrid Seeds Market by Crop Type (Cereals & Grains, Fruits & Vegetables, and Oilseeds), by Duration (Short-Term, Medium-Term, and Long-Term), by Seed Treatment (Treated and Untreated), by Farm Type (Indoor farms, Outdoor farms) - Forecast to 2021", The Hybrid Seeds market is expected to reach USD 53.88 Billion by 2021 from an estimated USD 33.71 Billion in 2016, at a CAGR of 11.2%. The key factors such as first-rate and high-yielding seeds used with innovative generation, new product offerings, and the arrival of modernization of agriculture. Furthermore, the developing worldwide populace, declining arable land, converting climate styles, diversification of diets, and technology-pushed agriculture in growing international locations are factors answerable for the increase of the hybrid seeds market.
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The demand for diverse types of fruit & vegetable seeds is driven by way of favorable climatic conditions, technology, and garage techniques. With the use of hybrid seeds, vegetation may be blanketed from essential pests and sicknesses and the best and yield may be stepped forward. The end result & greens section is similarly segmented into tomato, brinjal (eggplant), okra, chilli, cucumber, and cabbage to fulfil the growing call for fruits and vegetables, the economic seed groups are continuously investing in production facilities that focus on hybrid seed nice and sustainability.
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Hybrid seeds encompass the use and application of organic and chemical dealers that manipulate or comprise soil and seed borne infestation of bugs and sicknesses which pose devastating consequences to crop production. growing agricultural activities, coupled with the rising demand for best crop produce, are driving the growth of the hybrid seeds market.
The Asia Pacific expected to dominate the market
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The Asia Pacific accounted for the largest share of the Hybrid Seeds market in 2016, followed by Latin America. The large share of the Hybrid Seeds market can be attributed to the growth in population and demand for pesticide free food with special genetic qualities.
The various players in the Hybrid Seeds market include 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. among others.
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