Hybrid Seeds Market Share Up by 6.8% CAGR and Will Reach US $45.20 Billion by 2030: Polaris Market Research
The global hybrid seeds market size is expected to reach USD 45.20 billion by 2030 according to a new study by Polaris Market Research.
The key factors responsible for the substantial global demand include increasing use of hybrid seeds with several technological components and rising demand for fruits & vegetables across the globe. Unless the farmers use a male sterile or self-incompatibility technique, inbred lines are homozygous and so pure-breeding plants that can be maintained by selfing. This allows for everlasting reproduction and phenotypic and performance consistency, as well as a technique of germplasm proprietary control.
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Further, according to the CBI (Ministry of foreign affairs), in Europe, fresh fruit and vegetable markets Europe are mature and diverse. Even though short-term demands and prices fluctuate frequently, demand is quite consistent, and quantities are enormous. With more than 500 million customers, Europe accounts for more than €60 billion in the fresh fruit and vegetable trade, accounting for 44% of global trade value. Late hybrids such as Nadorcotts from Spain and South Africa, Morocco, and Peru are responsible for much of the expansion in mandarins. Thus, the rising demand for fruit and vegetables from various developed regions and the technological components for fertilization seedlings drive industry growth during the forecast period.
Top Key Players
Market players such as Sakata Seed Corporation, Enza Zaden, SL Agritech, Bayer AG, Brettyoung, Corteva Agriscience, BASF SE, DLF, FMC Corporation, Takii & Co., Ltd., KWS Saat Se & Co., Mahyco, Rallis India Limited, Syngenta Group, and Groupe Limagrain are some key players operating in the global market. Several manufacturers are often backing to opt for varied marketing strategies to expand their business operations globally. In June 2021, BASF SE has announced the launch of a new wheat seedling named “Ideltis”. Ideltis is known for its long-term dedication to hybrid wheat and the lengthy transition of the grain agricultural system.
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Polaris Market Research has segmented the hybrid seeds market report based on farm, acreage, type, seed treatment, and region:
Hybrid Seeds, Farm Outlook (Revenue – USD Billion, 2018 – 2030)
Hybrid Seeds, Acreage Outlook (Revenue – USD Billion, 2018 – 2030)
- Field Crops
- Corn, Rice
- Fruit & Vegetable Crops
Hybrid Seeds, Type Outlook (Revenue – USD Billion, 2018 – 2030)
- Cereals and Pulses
- Fruits and Vegetables
Hybrid Seeds, Seed Treatment Outlook (Revenue – USD Billion, 2018 – 2030)
Browse the detailed report @ https://www.polarismarketresearch.com/industry-analysis/hybrid-seeds-market
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