Hybrid Seeds Market Geographical Analysis & Global Forecast
The #hybridseeds market size is projected to reach $34.9 billion by 2026, at a CAGR of 6.7%.
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The growing demand in the food processing industry, biodiesel sector, feed processing industry is steering the growth of the market for hybrid seeds. Some of the major driving factors of the hybrid seeds market include the rising rate of seed replacement and an increase in demand for vegetables.
Asia Pacific is the fastest-growing region in the hybrid seeds market owing to the presence of some of the major seed producers in the world such as China, Thailand and India.
Countries such as China, which is among the largest players in the global market for seeds, have been focusing on the adoption of hybrid crop varieties to attain yield improvement and disease resistance without using GM technology.
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Leading companies operating in the hybrid seeds market are BASF SE (Germany), Bayer AG (Germany), Syngenta Group (Switzerland), KWS SAAT SE (Germany), Land O’ Lakes (US), Sakata Seed Corporation (Japan), Groupe Limagrain (France), Corteva Agriscience (US), UPL Limited (India), DLF (Denmark), Longping Hi-tech (China), Rallis India Limited (India), Enza Zaden (The Netherlands), Takii & Co. Ltd (Japan), and Barenbrug Holding B.V (Netherlands).