Technavio recognizes the following companies as the key players in the hybrid seeds market in India: Bayer CropScience, Mahyco, Monsanto, Nuziveedu Seeds, and Rasi Seeds.
Other prominent vendors in the market are: Advanta, Ajeet Seeds, Ankur Seeds, Bioseed, DuPont, Kaveri Seeds, Namdhari Seeds, Rallis India, and Syngenta.
Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is growing usage of hybrid seeds with advanced generation traits. The growing adoption of seeds with advanced traits is expected to propel the growth of the market. Cultivation of seeds with traits such as herbicide and disease resistance, abiotic stress tolerance, modified quality pollination control system, and insecticide resistance boosts the market’s growth. Herbicide-resistant and insecticide-resistant seeds held the largest shares of the market in 2014. The rise in the cultivation of hybrid soybean and corn seeds, which are resistant to pests and herbicides, will also fuel the market’s growth over the next five years. Vendors are focusing more on the development of seeds with specific traits that enhance yield and minimize losses in crop. The growing adoption of seeds that have advanced traits will propel the growth of the market during the forecast period.”
According to the report, one of the primary drivers in the market is focus on high-yielding varieties. The quality of seeds plays a crucial role in agriculture, and their efficacy determines the overall agricultural productivity. A good quality seed can improve production by up to 45%. However, the decline in the availability of resources can negatively affect the productivity of seeds and create a demand-supply gap. As such, the decline in the total arable land in India has been raising the need for more productivity to keep up with the growing demand for agricultural products and to ensure food security. This, in turn, has been leading to the need for an improvement of farm yield and a reduction of crop losses by minimizing plant diseases and pests. Therefore, increasing the awareness about the availability and benefits of high-yielding hybrid seeds among farmers can lead to a sustained rise in agricultural production. Further, unfavorable climatic changes also drive the need for hybrid seeds that can grow in adverse weather conditions. For instance, in 2014, less rainfall influenced cotton farmers in India to switch to hybrid seeds to ensure productivity.
Further, the report states
that one major challenge in the market is rapid rise in hybrid seeds' prices.
Seed breeding is an expensive process, which increases the cost of seeds.
Players are investing more in breeding seeds with advanced traits or genes by
cross-pollination, which are sourced from companies focused on the research of
genetic technology. The use of advanced technology for cultivation also
increases the cost of seeds. For instance, Monsanto increases its overall seed
prices by 5%-10% every year. The costs of commercialization for these products
with international legal protection also add up to the seed costs. The advent
of hybrid crops has resulted in seed monopolization by huge biotechnology
companies, resulting in higher seed costs. This has gradually pushed out
conventional, non-hybrid, and non-GE seeds out of the market, thereby reducing
options for farmers. As these vendors have a stronghold over the market, they
can then determine the prices of seeds.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
About Hybrid Seeds:
Hybrid seeds, also called F1 hybrid, are produced by controlled cross-pollination between different varieties of the same plant. The process enables the production of desirable traits that cannot be achieved by inbreeding. The resulting seeds produce plants with specific characteristics such as better adaptation to environmental stress factors, more resistance to diseases and pests, and more vigorous and high yields.
Technavio’s analysts forecast the hybrid seeds market in India to grow at a CAGR of 14.92% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the hybrid seeds market in India for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sales of hybrid seeds to the agricultural industry.
Technavio's report, Hybrid Seeds Market in India 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Bayer CropScience
• Mahyco
• Monsanto
• Nuziveedu Seeds
• Rasi Seeds
Other prominent vendors
• Advanta
• Ajeet Seeds
• Ankur Seeds
• Bioseed
• DuPont
• Kaveri Seeds
• Namdhari Seeds
• Rallis India
• Syngenta
Market driver
• Increase in the investments in agricultural research.
• For a full, detailed list, view our report
Market challenge
• Apprehensions related to the adoption of hybrid seeds.
• For a full, detailed list, view our report
Market trend
• Growing usage of hybrid seeds with advanced generation traits.
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
Table of Content: https://marketreportscenter.com/reports/455972/hybrid-seeds-market-in-india-2016-2020#toc
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