Global Hybrid Seeds Market Is Estimated To Witness Growth Due To Increasing Demand For Hybrid Seeds And Growing Changes In Dietary Habits

Hybrid Seeds Market

Overview:

Hybrid seeds are created by cross-breeding a genetically-similar plant to another plant with a different gene sequence. The hybrid seed's traits are derived from the genes of both parents. Using a hybrid seed, gardeners and farmers are able to produce plants that are hardier, larger, and more resistant to diseases. These varieties will grow more quickly and produce more fruits and vegetables than regular open-pollinated plants. They also tend to be better adapted to a wide variety of situations.

However, the process of creating hybrid seeds is expensive and time-consuming. Hybrids can be categorized into three main groups: F1 hybrids, F2 hybrids, and F3 hybrids. Each group has its own unique advantages and disadvantages. The seed production process requires more input from farmers. It also requires specialized equipment, such as tractors, which compact the soil. These tools burn fossil fuels, and the cost to produce hybrid seed is higher than that of traditional, non-hybrid seed.

Market Dynamics:

Increasing biotechnological advancements is estimated to augment growth of the global Hybrid Seeds Market during the forecast period. For instance, a Germany-based pharmaceutical and life sciences company, Bayer introduced new varieties of Seminis vegetable seeds. ‘SVHA9093’ in hot pepper, ‘Bazlet’ in cucumber, ‘Himgauri’ in cauliflower and ‘Anshuman’ in tomato. These hybrids are focusing on changing customer preferences. Moreover, increasing fluctuations in raw material prices and large investments in R&D is anticipated to restrain growth of the global hybrid seeds for market during the forecast period.

Impact of COVID-19:

The outbreak of COVID-19 impacted the hybrid fruits and vegetable seeds market. The pandemic affected many countries globally and almost all businesses. The food and beverage industry was also impacted by the outbreak of the virus. Owing to strict government regulations and lockdowns imposed in many countries production activities in many companies was halted.

This resulted in severe economic losses. The pandemic also had a negative impact on eth growth of the global Hybrid Seeds Market, as the demand for hybrid vegetables and fruits decreased during the pandemic. However, in the post pandemic time period, manufacturers are focusing on adoption of technological advancements. This is estimated to anticipate growth of the market.

Key Takeaways:

The global Hybrid Seeds Market is estimated to witness robust growth, exhibiting CAGR at high rate during the forecast period, owing to increasing acquisitions.

For instance, Syngenta Seeds acquired a South African seed company specializing in cereals Sensako, in August 2020. Asia Pacific region has witnessed significant growth in the global hybrid seeds for market over the forecast period, due to growing presence of food processing and feed industries.

Key players active in the global hybrid seeds for market are East West Seeds India Pvt Ltd, Bayer CropScience, BASF SE, Corteva Agriscience, JK Agri Genetics Limited, Syngenta, Groupe Limagrain, KWS SAAT SE & Co. KGaA, Takii & Co. Ltd., Advanta, Rasi Seeds, Longping High-tech, China National Seed Group, and VNR Seeds.