(I-BusinessNews.Com, January 13, 2018 ) According to the report " Latin America Hybrid Seeds Market by Crop Type (Cereals & Grains, Fruits & Vegetables, and Oilseeds), by Duration (Short-Term, Medium-Term, and Long-Term), by Seed Treatment (Treated and Untreated), by Farm Type (Indoor farms, Outdoor farms), and by Region - Industry Analysis, Share, Size, Growth, Trends, and Forecasts (2016-2021)" published by Market Data Forecast, the Latin America Hybrid Seeds Market had a market value of USD 4.7 billion in 2016 and is forecasted to exhibit a CAGR of 9.6% and reach USD 7.44 billion by 2021.
Hybrid Seeds are produced by controlled cross pollination of different varieties of same plant. Using Hybrid Seeds we can get plants with distinctive traits like superior resistance to pests, higher productivity and better adoptability to environment.
New product offerings, High quality seeds, and modernization of Agriculture are some of the major factors driving the market. Some other factors like increasing Population, decreasing Agricultural lands, changing weather patterns, variety of diets, and technology driven agriculture in developing countries are driving the market. However, factors like high cost of Hybrid seeds are slowing down the growth of Latin America Hybrid Seeds market.
Latin America Hybrid Seeds Market is segmented based on crop Type, Duration, Seed Treatment, and Farm type. Based on Crop Type, market is segmented into Cereals & Grains, Fruits & Vegetables, and Oilseeds. Based on Duration, market is segmented into Short-Term, Medium-Term, and Long-Term. Based on Seed Treatment, market is segmented into Treated and Untreated. Based on Farm Type, market is segmented into Indoor farms, Outdoor farms.
Fruits and Vegetables segment is expected to witness significant growth during forecast period owing to its growing demand. Treated Hybrid Seeds market dominates the Latin America market owing to the growing demand for quality agricultural produce and increasing agricultural activities. Geographically, market is segmented into Brazil, Argentina and Mexico.
Major players in the Latin America Hybrid Seeds Market are:
ยท E. I. du Pont de Nemours and Company
ยท Syngenta AG
ยท Dow AgroSciences LLC
ยท Advanta Limited
ยท Land OLakes, Inc.
ยท Takii & Co. Ltd.
ยท Biostadt India Ltd.
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