As cited by the research report titled ‘Global Hybrid Seed Market Size study, by Crop Type (Cereals & Grains, Fruits & Vegetables, Oilseeds, Others), Duration (Short Term, Medium Term, Long Term) and Regional Forecasts 2021-2027’, available with Market Study Report, global hybrid seed market was worth USD 47.87 billion in 2020 and is projected to grow with a CAGR of 9% to accumulate USD 87.51 billion over the forecast duration 2021-2027.
 

Growing investments in commercial farming, rising population leading to surging food demand, coupled with technological advancements and modernization in agriculture vertical are the major factors driving global hybrid seed market growth.
 

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For the record, hybrid seed is a method of pollination in which the pollen of two different species or varieties is crossed using human intervention. It can also take place naturally with random crosses, but the hybridized seed which is commercially available is deliberately created to produce a desired trait and is often labelled as F1.
 

On the downside, manufacturing of hybrid seed is expensive and complex which is likely to restrain the market progression over the forecast duration of 2021-2027.
 

Based on crop type, worldwide hybrid seed industry is segmented into fruits & vegetables, cereals & grains, and oilseeds, among others. On the basis of duration, the marketplace is divided into long term, medium term, and short term.
 

Geographically, Asia Pacific, North America, Europe, and Latin America are major contributors towards the overall industry valuation. Of these, Europe market is anticipated to expand lucratively through 2027, on account of technological advancements, and growing consumption of organic products.
 

Whereas, Asia-Pacific industry is projected to exhibit a strong CAGR over 2021-2027, owing to rising disposable income, and increasing population in the region.
 

Speaking of the competitive landscape, prominent players influencing the global hybrid seed industry dynamics are Biostadt India Limited, Takii & Co. Ltd., Land O'Lakes Inc., Advanta Ltd., Maharashtra Hybrid Seeds Co. Ltd., KWS SAAT SE & Co. KGaA, Monsanto Company, DuPont de Nemours Inc., Syngenta AG, and Dow AgroSciences LLC.