"Hybrid Seeds Market Forecasts: USD 165.8 Billion by 2030 with a 9.8% CAGR"
Global Hybrid Seeds Market Outlook Hybrid Seeds Market Size, valued at USD 165.8 billion by 2030, is anticipated to exhibit a compound annual growth rate (CAGR) of 9.8% during the forecast period from 2023 to 2030. These hybrid seeds, created through traditional breeding methods, involve crossbreeding two plants with different origins to generate a new plant. The key advantages of hybrid seeds, such as insecticide and disease resistance, have led to widespread adoption among farmers. More than 50% of the total crop production is lost due to pests and diseases. To address market demand and mitigate these losses, genetically engineered hybrid seeds with resistance to fungi, viruses, and drought are gaining popularity, thereby propelling the global hybrid seeds market. Certified hybrid seeds are deemed more reliable compared to conventional ones, contributing to increased profits. The primary objective of hybrid seeds is to reduce the cost and quantity of inputs needed for crop cul...