하이브리드 종자 시장 : 예측(2024-2029년)

The hybrid seeds market is estimated at US$24.334 billion in 2024 and is anticipated to grow to US$32.712 billion by 2029 at a CAGR of 6.10%.

The global hybrid seeds market is estimated to grow rapidly as the global demand for agricultural products grows. Under the type segment of the global hybrid seeds market, the fruits and vegetables category is estimated to attain the maximum market share. The global hybrid seed market is estimated to witness a major increase with the increase in global sustainable agricultural products, which will further boost the global agricultural industry's expansion.

A hybrid seed is a type of seed produced by a process called controlled cross-pollination between multiple varieties of plants. A hybrid seed is generally produced by crossing two different strains of the same plant. Hybrid seeds are listed as F1 sorts, while open-pollinated (OP) seeds are listed as OP kinds. Plant breeders frequently cross types and track the results to find a recipe that consistently produces better results.

The objective is to produce a hybrid seed that incorporates the most advantageous genetic traits of the two parent plants. Disease resistance, better flavor or production, early maturity, and other traits are typically seen in hybrid seeds. Different qualities are sought for different types of crops. Since hybrid seeds are created to blend the best traits of two strains, they typically outperform their open-pollinated counterparts. Hybrid seeds offer multiple benefits to farmers, as they offer disease resistance and increase the efficiency of the crop produced.

The growth of agricultural production globally is estimated to push the hybrid seeds market growth. With the increase in the global demand for agricultural produce, the market demand for hybrid seed is estimated to grow significantly. The rapid change in the global climate condition is expected to be a major challenge to the hybrid seed market growth. With the rising temperature or growing climate changes, the efficiency of the hybrid seeds decreases, which reduces the total production output of these seeds. In the global hybrid seeds market, the Asia Pacific region is expected to attain a greater market share, as it is among the biggest producers of agricultural products globally.

Hybrid Seeds Market Drivers:

• Increased demand for a healthy agricultural output.

Due to growing public concern for individual health, fresh fruits, vegetables, and other crops are in higher demand. The customers' acceptance of healthy diet adjustments helps to aid this demand. Many farmers have increased the number of vegetables and seeds they cultivate and produce. For instance, in 2022-23, India produced over 112.62 million metric tonnes of fruits and nearly 204.96 million metric tonnes of vegetables, according to the Agricultural and Processed Food Products Export Development Authority. To generate hybrid seeds with higher quality and greater profit, there has been an increase in the crossing of seeds due to the increased demand for and cultivation of fruits and vegetables. The market for hybrid seeds is anticipated to expand at a large rate in the forecast period due to the increased demand for food supply, growing health consciousness, and desire to create greater yields of food supply. The need for food supply has dramatically increased due to population growth.

In its report, the Foreign Agricultural Service of the US Department of Agriculture stated that in the 2023-24 financial year, the total production of corn and soybean in the USA was recorded at 389,694 thousand tons and 113,344 thousand tons, respectively. Similarly, in Mexico, about 22,700 thousand tons of corn and about 4,280 thousand tons of soybeans were produced.

Hybrid Seeds Market Restraint:

• Growing effects of climate change across the globe.

Increased emissions of carbon dioxide and other toxic gases impact the horticulture and agriculture industries, hampering the growth of hybrid seeds and significantly harming the climate. Hybrid seed adoption has been slowed down by factors including lower purchasing power, a lack of suitable new varieties, higher hybrid seed prices, inadequate infrastructure, etc. The growth of hybrid seeds in the global market is estimated to witness major challenges as the increase in the global temperature is estimated to reduce the efficiency of the seeds.

The National Oceanic and Atmospheric Administration (NOAA) stated that in 2021, the average surface temperature of the globe increased by about 0.86 degrees Celsius, which increased to about 0.91 degrees Celsius in 2022 and about 1.18 degrees Celsius in 2023.

Hybrid Seeds Market Geographical Outlook

• Asia Pacific is anticipated to hold a significant share of the Hybrid Seeds Market.

The Asia Pacific region is one of the major markets for the hybrid seed business because it is the continent with the most people and is also the largest. Asia Pacific is home to some of the most populous nations on earth, which may increase food demand there. Other variables, including the climate and the fertile terrain, have also influenced the high level of farming productivity in this area. China and India are the two countries that produce the most important crops, like grains and cereals. During the forecast period, the hybrid seeds market is expected to expand significantly in the Asia Pacific and Latin America regions. The market demand for hybrid seeds across the region is also expected to boost in the Asia Pacific region, as it is among the biggest producers of agricultural products globally.

The Ministry of Agriculture & Farmers Welfare of the Indian Government stated in its report that in the 2022-23 fiscal year, the nation's total food grain production was estimated at 3,296.87 lakh tons. Similarly, the US Foreign Agriculture Service report stated that in the 2023-24 fiscal year, the total production of rice and corn in Vietnam was estimated at 26,625 and 4,350 thousand tons, respectively. Similarly, the Asia Pacific region also offers a growing demand for food products, increasing the market demand for hybrid seeds and enhancing the region's agricultural output.

The Hybrid Seeds Market Products Offered by Key Companies:

• BASF is a German-based multinational corporation that offers products and services for multiple industries, including agriculture, automotive, construction, electronics, energy, and pharmaceuticals. In the agricultural sector, the company offers multiple products and services, like crop seeds and traits, vegetable seeds, and digital farming. For the hybrid seed market, the company offers high-performing seeds like InVigor, Credenz, FiberMax, InSun, Xitavo, and Stineville.
• Hybrid Seed Company Inc. is an agri-tech corporation that specializes in pumpkin-based hybrid seed solutions. The company offers products such as Halloween pumpkins, specialty pumpkins, southern-growing pumpkins, white pumpkins, and colored pumpkins.

The Hybrid Seeds Market Key Developments:

• In July 2024, Solynta, a global producer of hybrid seeds specializing in true potato seeds, achieved approval for commercial release by the Kenya Plant Health Inspectorate Service (KEPHIS). The organization approved the release of hybrid potato varieties SOLHY007, SOLHY012, and SOLHY015.
• In October 2023, Rallis India Limited, a part of Tata Enterprises, launched SeedSecure, a mobile-based application that helps monitor and manage the hybrid seed production program. The SeedSecure app helps with critical operations, like data collection and crop assessments, during multiple stages of the crop life cycle.

The Hybrid Seeds Market is segmented and analyzed as given below:

By Type

• Cereals and Grains
• Oilseeds and Pulses
• Fruits and Vegetables
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• United Kingdom
• Germany
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• Israel
• Others
• Asia Pacific
• China
• Japan
• India
• South Korea
• Indonesia
• Taiwan
• Others

TABLE OF CONTENTS

1. INTRODUCTION

• 1.1. Market Overview
• 1.2. Market Definition
• 1.3. Scope of the Study
• 1.4. Market Segmentation
• 1.5. Currency
• 1.6. Assumptions
• 1.7. Base and Forecast Years Timeline
• 1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY

• 2.1. Research Design
• 2.2. Research Process

3. EXECUTIVE SUMMARY

• 3.1. Key Findings

4. MARKET DYNAMICS

• 4.1. Market Drivers
• 4.2. Market Restraints
• 4.3. Porter's Five Forces Analysis
  • 4.3.1. Bargaining Power of Suppliers
  • 4.3.2. Bargaining Power of Buyers
  • 4.3.3. The Threat of New Entrants
  • 4.3.4. Threat of Substitutes
  • 4.3.5. Competitive Rivalry in the Industry
• 4.4. Industry Value Chain Analysis
• 4.5. Analyst View

5. HYBRID SEEDS MARKET BY TYPE

• 5.1. Introduction
• 5.2. Cereals and Grains
• 5.3. Oilseeds and Pulses
• 5.4. Fruits and Vegetables
• 5.5. Others

6. HYBRID SEEDS MARKET BY GEOGRAPHY

• 6.1. Introduction
• 6.1. North America
  • 6.1.1. By Type
  • 6.1.2. By Country
    • 6.1.2.1. United States
    • 6.1.2.2. Canada
    • 6.1.2.3. Mexico
• 6.2. South America
  • 6.2.1. By Type
  • 6.2.2. By Country
    • 6.2.2.1. Brazil
    • 6.2.2.2. Argentina
    • 6.2.2.3. Others
• 6.3. Europe
  • 6.3.1. By Type
  • 6.3.2. By Country
    • 6.3.2.1. United Kingdom
    • 6.3.2.2. Germany
    • 6.3.2.3. France
    • 6.3.2.4. Spain
    • 6.3.2.5. Others
• 6.4. Middle East and Africa
  • 6.4.1. By Type
  • 6.4.2. By Country
    • 6.4.2.1. Saudi Arabia
    • 6.4.2.2. Israel
    • 6.4.2.3. Others
• 6.5. Asia Pacific
  • 6.5.1. By Type
  • 6.5.2. By Country
    • 6.5.2.1. China
    • 6.5.2.2. Japan
    • 6.5.2.3. India
    • 6.5.2.4. South Korea
    • 6.5.2.5. Indonesia
    • 6.5.2.6. Taiwan
    • 6.5.2.7. Others

7. COMPETITIVE ENVIRONMENT AND ANALYSIS

• 7.1. Major Players and Strategy Analysis
• 7.2. Market Share Analysis
• 7.3. Mergers, Acquisitions, Agreements, and Collaborations
• 7.4. Competitive Dashboard

8. COMPANY PROFILES

• 8.1. BASF SE
• 8.2. KWS SAAT SE & Co. KGaA
• 8.3. Syngenta
• 8.4. Crystal Crop Protection Ltd.
• 8.5. Bayer AG
• 8.6. Corteva
• 8.7. Hybrid Seed Company Inc.
• 8.8. Bejo Zaden B.V.
• 8.9. Nuziveedu Seeds Ltd
• 8.10. Sanatech Seed Co., Ltd.
• 8.11. Kanda Breeding Farm Co., Ltd.
• 8.12. Hybrid Seed Company Inc.
• 8.13. Stine Seed Company