Product innovation and upgrading agriculture practices are the key factors driving the growth of hybrid seeds market in this region. Furthermore, introduction of enhanced hybrid seed, and increased use of hybrid seeds having advanced qualities, such as seed coatings are other factors, are likely to uplift the market growth. Additionally, increased demand for hybrid seeds has positively impacted the major key players to come up with various hybrid products, this is considered to be the significant reasons for the increasing growth of hybrid seeds market during the forecast period.
Asia Pacific is projected to show a significant growth in the hybrid seeds market over the forecast period 2017-2023. India and Japan are leading this market and are expected to be dominating players over the review period as well. Increasing demand of hybrid seeds from the agriculture and seed industry is considered to be the key driving factors in this region.
Additionally, the declining total arable land in Asia Pacific region such as India, Japan, and China, has surged the demand for hybrid seeds in order to keep up with the growing demand for agricultural products. This, in turn, has resulted in the high demand for hybrid seeds among farmers in this region. However, varying climatic conditions may hinder the market growth over the forecast period. Asia Pacific hybrid seeds market is estimated to grow at a CAGR of 10.2% during the forecast period 2017-2023
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Major Key Players:
This report includes a study of strategies such as mergers, acquisitions, and product launches by the major hybrid seeds players. It further includes product portfolios, developments of leading players, which includes
- Advanta Limited (India)
- Takii & Co.,Ltd. (Japan)
- Biostadt India Limited (India)
- Beijing Dabeinong Technology Group Co Ltd (China)
- Henan Goldoctor Seeds Co. Ltd. (China)
- E. I. du Pont de Nemours and Company (U.S.)
- Monsanto Company (U.S.)
- Dow AgroSciences LLC (U.S.)
- Syngenta AG (Switzerland)
- Land O Lakes Inc. (U.S.)
Monsanto’s ASI subsidiary has acquired Channel Bio Corp. and its three seed brands: Crows Hybrid Corn; Midwest Seed Genetics; and Wilson Seeds in order to expand its business in hybrid seeds
Land O’Lakes, Inc. has expanded its commercial footprint in Africa and China, through a partnership with Bidco Africa to create BIDCO LAND O’LAKES LTD.,which is a new joint venture established to help farmers in East Africa
Hybrid seeds have a massive opportunity in agriculture industry
Hybrid seeds are segmented on the basis of crop type, which includes cereals & pulses, fruits & vegetables, oilseeds, and others. Among all, the fruits & vegetables segment is dominating owing to increased demand for various types of fruit & vegetable seeds.
Hybrid seeds are segmented on the basis of seed treatment, which includes treated, and untreated. Among both, untreated hybrid seed is dominating. The foremost reason for this growth is its use in organic farming because they are not treated with any physical, chemical, or biological methods.
Hybrid seeds are segmented on the basis of distribution channel, which includes direct to farmers, through cooperative, and through mediators. Among all, direct to the farmers distribution channel is dominating the market.
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The global hybrid seeds market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America is dominating the hybrid seeds market. This is attributed by the increasing consumption of hybrid seeds due to the increasing population and demand for new and enhanced agricultural products.
Additionally, the major key players are actively involved in research & developments to develop products in compliance to North American regulations for hybrid seeds. Furthermore, in Asia Pacific region, India accounts for a major market share owing to increasing demand for fruit & vegetable crops.
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