Hybrid Seeds Market Overview:
Hybrid Seeds Market was valued at $52,114 million in 2016, and is expected to reach at $99,854 million by 2023, registering a CAGR of 9.7% from 2017 to 2023. Hybrid seeds are derived from natural out-breeding crops. Inbred lines are produced from these crops through repeated self-pollination. Established inbred lines are then crossed to develop first-generation (F1) hybrid seeds. These seeds enhance the characteristics of resulting plants (F1), as they offer better yield, enhanced color, significant uniformity, and disease resistance. Saving of seeds developed from F1 hybrid plants is undesirable, as the generated seeds do not reliably create true copies, and thus new hybrid seeds are purchased for each planting.
Product innovation and modernization of agriculture are the major factors that drive the growth of the market globally. In addition, introduction of enhanced hybrid seed varieties, diversification of diets, and increase in use of hybrid seeds having advanced traits attached, such as seed coatings are other factors, which are expected to supplement the market growth. Asia-Pacific accounts for the highest share in hybrid seeds market, in 2016 due to surge in population, rise in disposable income, and development in the agricultural sector. The region has minimum restrictions associated with import and export of hybrid varieties. Financial and technical assistance from foreign agencies, such as U.S. Agency for International Development (USAID), Rockefeller Foundation, World Bank, and Ford Foundation in early development of seeds to strengthen breeding, processing of seed, and quality control plays a significant role in growth and development of the market. Variable climatic conditions and the fact that hybrid seeds cannot be reproduced as the genes in F1 hybrid get segregated in the offspring hinder the market growth. Increase in demand for hybrid seeds in emerging countries is expected to provide lucrative opportunities for the market growth.
Hybrid Seeds Market Segmentation
Hybrid seeds market is segmented based on crop, duration, seed treatment, farm, acreage, and geography. On the basis of crop, it is bifurcated into field crops and fruits & vegetable crops. Field crops segment is divided into cotton, corn, rice, millet, sunflower, and sorghum. Fruits & vegetable crops is further classified into tomato, okra, chilli, cauliflower, cabbage, gourds, watermelon, cucumber, and others. Others include radish, eggplant, and carrot. According to duration, the market is categorized into short-term, medium-term, and long-term. Based on seed treatment, it is classified into treated and untreated. On the basis of farm, it is bifurcated into indoor and outdoor. According to acreage, it is divided into field crops and fruits & vegetable crops. Field crops segment is categorized into corn, rice, millet, sorghum, and others. Others include sunflower and cotton. Fruits & vegetable crops is further divided into tomato, okra, cauliflower, cabbage, gourds, watermelon, cucumber, and others. Others comprise chilli, radish, eggplant, and carrot. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Fruit & vegetable crops grows at highest rate, in terms of both value and volume in the market. Okra is the fastest growing segment followed by chilli. Hybrid seeds used to produce okra crop offer resistance against yellow vein mosaic virus (YVMV) and enation leaf curl virus (ELCV). Development of hybrids having heat tolerance and resistance to viruses with male sterility to aid production of seed are expected to significantly transform the okra crop landscape, as more conversions occur from open pollinated seeds to hybrids. Chilli is grown under varied range of agro-climatic conditions, such as rainfed systems, and is a broadly segmented crop due to regional preferences. Chilli hybrids are classified into green (fresh) and red (dry). The advantages conferred by chilli hybrids include better uniformity of produce and higher yields. Some of the chilli hybrid seed producing companies utilize male sterility for security of parental line and ease in seed production. There is high scope to increase the percentage of hybrids in chilli crop as hybrids provide resistance against fruit rot and viruses, such as carnation vein mottle virus (CVMV), cytomegalovirus (CMV), and tobacco leaf curl virus (TLCV). Successful development of hybrid in Byadagi segment (open pollinated seed variety) is expected to be a long-awaited development in okra crop.
Top Investment Pocket
India accounted for the highest market share in Asia-Pacific hybrid seeds market in 2016, owing to increasing demand for fruit & vegetable crops. South Korea hybrid seeds market generated revenue of $121 million in 2016, and is estimated to reach $220 million by 2023, growing at a CAGR of 8.9% during the forecast period.
South Korea Hybrid Seeds Market, 2015-2023 ($Million)
Key leading players operating in this market include Advanta Limited, Biostadt India Limited, DOW Agrosciences LLC, E.I Du Pont De Nemours and Company, Emerald Seed, Inc., KWS AG, Kaveri Seed Company, Monsanto Company, Mahyco Seeds Ltd., and Syngenta AG.
The other key market players in the value chain include Ajeet Seeds Private Limited, Ankur Seeds Pvt. Ltd., Beijing Dabeinong Technology Group Co., Ltd., China National Seed Group Corp., Gansu Dunhuang Seed Co., Ltd., Henan Goldoctor Seeds Co., Ltd., Jiangsu Dahua Seed Group Co., Ltd., Land O' Lakes, Inc., Limagrain Holding SA, Rallis India Limited, S&W Seed Company, Shriram Bioseed Genetics India Limited Company, and Takii & Co. Ltd.
Key Benefits for Stakeholders
- This report provides a quantitative & qualitative analysis of the current market trends and estimations from 2016 to 2023, which assists to identify the prevailing market opportunities in the different application segments.
- Market trends of major countries in each region are mapped according to anticipated market revenue.
- Top investment pockets highlight the opportunities in the most lucrative application segment.
- Comprehensive analysis of the factors that drive and restrict the growth of hybrid seeds market is provided.
- An in-depth analysis of different regulations within the market is provided.
- Key manufactures of hybrid seeds are profiled and their recent developments are listed.
Hybrid Seeds Market Key Segments:
- Field Crops
- Fruits & Vegetables
- Others (Radish, Eggplant, and Carrot)
By Seed Treatment
- Field Crops
- Others (Sunflower and Cotton)
- Fruits & Vegetables
- Others (Chilli, Radish, Eggplant, and Carrot)
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South Africa
- Saudi Arabia
- Rest of LAMEA