The growing use of hybrid seeds across the world is the primary factor responsible for the growth of the global hybrid seeds market. The above information was shared by Fortune Business Insights in a report, titled “Hybrid Seeds Market Size, Share and Global Trend By Crop Type (Cereals (Rice, Corn, Barley, and Sorghum), Oilseeds (Canola, Soybean, Cotton, and Sunflower), Fruits and Vegetables (Tomato, Cabbage, Chilli and Bell pepper, Okra, Cucumber, and Melons)), And Geography Forecast Till 2026.”
Browse Complete Report Details @https://www.fortunebusinessinsights.com/industry-reports/hybrid-seeds-market-100526
Some of the Main Key Players Covered in the Report
- Land O’ Lakes, Inc
- Bayer CropScience
- KWS Group
Deteriorating Arable Land Stokes Demand for Hybrid Seeds
Modernization of agriculture such as the introduction of hybrid agriculture is constantly driving the hybrid seeds market. Product innovation which includes advanced hybrid seeds and diet diversification is supplementing the growth of the market. Furthermore, the use of hybrid seeds with advanced features such as seed coatings, pelleting and other traits is increasing the hybrid seed production.
North America Leads Owing to Technological Advancements
Regionally, North America is anticipated to account for a substantial share in the global hybrid seeds market. In 2018, the region was leading the market. Rising adoption of hybrid technology is driving the market in this region. The market in Asia Pacific registers strong growth. This region, together with Latin America, is expected to create attractive growth opportunities for the global market in the forecast years.
Rising demand for enhanced agricultural products is the main factor responsible for positively impacting the market. Countries such as China are the major crop exporters (vegetable crop seeds).
By Crop Type
- Cereals (Rice, Corn, Barley, and Sorghum)
- Oilseeds (Canola, Soybean, Cotton, and Sunflower)
- Fruits and Vegetables (Tomato, Cabbage, Chilli and Bell pepper, Okra, Cucumber, and Melons)
- Other Crops
- North America (USA, Canada, and Mexico)
- Europe (France, Germany, Italy, Spain, U.K., Russia, and Rest of Europe)
- Asia Pacific (China, India, Japan, Indonesia, Vietnam, and Rest of Asia Pacific)
- South America (Brazil, Argentina, and Rest of South America)
- Middle East and Africa (South Africa and Rest of MEA)
MNCs Merging with Other Seed Companies to Dominate the Hybrid Seed Market
Several multinational companies are acquiring other seed companies to cover a larger part of the global market. With the increasing mergers and acquisitions (MandA), organizations can improve their efficiency and involve in research and development (RandD) activities to meet consumer requirements. Companies are planning to bring innovation in hybrid sees to meet the demand for crop production globally.
For instance, BASF opened an advanced state-of-the-art breeding center in November 2018 in Nunhem. This centre is for breeding cucumbers and its aim is to increase BASF’s capabilities in order to fulfil consumers demand. The company is also planning to increase the global food value chain encompassing novel vegetable varieties.
The same company entered into an MandA in August 2018. The company successfully acquired its global vegetable seeds business. Now, this vegetable seeds business includes 24 crops and about 2,600 crop varieties.
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