The Europe hybrid seeds market was valued at USD 12.95 billion in 2023 and is anticipated to reach USD 14.16 billion in 2024 from USD 29.07 billion by 2032, growing at a CAGR of 9.4% from 2024 to 2032.
Hybrid seed is produced from cross-pollination between two or more unrelated inbred plants. Hybrid seeds are extensively used in commercial farming to improve crop yield. The most common advantages of hybrid seeds market are improved disease resistance, more uniform plant growth, and increased crop yield.
New product offerings, High-quality seeds, and modernization of agriculture are some of the major factors driving the market. Some other factors, such as increasing population, decreasing agricultural land, changing weather patterns, variety of diets, and technology-driven agriculture in developing countries, are driving the market. However, factors like the high cost of hybrid seeds are slowing down the growth of the Europe hybrid seeds market.
Major players in the market are E. I. du Pont de Nemours and Company, Syngenta AG, Monsanto, Dow AgroSciences LLC, and KWS. Other players include Advanta Limited, Land OLakes, Inc., Takii & Co. Ltd., and Mahyco, and Biostadt India Ltd.
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