According to the latest market research study released by Technavio, the hybrid seeds market in India is expected to grow at a CAGR of close to 15% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market regarding revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Click here to request a free sample of this report
Technavio research analysts categorize the hybrid seeds market in India based on product type:
Hybrid seeds market share in India by product type 2015
|
Hybrid Cotton Seed |
37.86% |
|
Hybrid Maize Seed |
16.95% |
|
Hybrid Vegetable Seed |
15.82% |
|
Other |
29.38% |
Source: Technavio
The top three revenue contributing product segments are discussed below:
Hybrid cotton seeds market in India
The hybrid cotton seeds market in India was valued at around $670 million in 2015 and is expected to grow at a CAGR of almost 14% by 2020. The increasing demand for Bt cotton products will fuel the growth of this market segment in India. The key cotton producing states in the country are Punjab, Haryana, Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat. The two different types of cotton era in the Indian market include the conventional hybrid era and the male sterility based hybrid era. The conventional method of development of cotton seeds included hand emasculation and pollination, and this process was very expensive and highly labor-intensive. The genetic male sterile or cytoplasmic male sterile lines were, therefore, introduced in the Indian market to reduce the cost of development. The first variety of genetic male sterility (GMS)-based hybrid cotton was launched by the Central Institute for Cotton Research in Coimbatore and was named Suguna.
“Cotton hybrids are produced and developed mostly in the southern and central zones of India. The first hybrid cotton seed for commercial cultivation was released in Vidarbha and was named PKV Hy3. The different types of seed available in the market include H6, H8, and H10 in Gujarat, DCH 32, DHB 105, and DHH 11 in Karnataka, Savita, TCHB 213, Surya, and Sruthi in Tamil Nadu, and LAHH 4, JKHy–1, and JKHy-2 in Madhya Pradesh,” says Arushi Thakur, a lead analyst at Technavio for research on agricultural equipment.
Hybrid maize seeds market in India
The hybrid maize seeds market in India was valued at about $300 million in 2015 and is expected to grow at a CAGR of more than 16% by 2020. The increasing consumption of meat is raising the requirement for hybrid maize seeds. Maize seeds are the key ingredient for animal fodder and this fuel the growth of this market segment during the forecast period. States like Karnataka and Andhra Pradesh are the highest producers of maize crop in the country. The introduction of single-cross hybrids and favorable climate helped the farmers increase the production of this crop during 2015.
Hybrid vegetable seeds market in India
The hybrid vegetable seeds market in India was valued at around $280 million in 2015 and is expected to grow at a CAGR of close to 18% by 2020. The easy availability of various pest and disease resistant hybrid vegetable seeds will make this the fastest growing segment in the Indian market during the forecast period. The production of hybrid seeds is undertaken by manufacturers that are corporate seed firms and are certified by the state seed certification agencies. These corporate organizations are producing hybrid vegetable seeds that include tomato, cabbage, eggplant, chili, and okra to increase their sales and profitability.
The top leading vendors operating in the hybrid seeds market in India are:
- Bayer CropScience
- Mahyco
- Monsanto
- Nuziveedu Seeds
- Rasi Seeds
Other prominent vendors in the market include Advanta, Ajeet Seeds, Ankur Seeds, Bioseed, DuPont, Kaveri Seeds, Namdhari Seeds, Rallis India, and Syngenta.
A more detailed analysis is available in the Technavio report titled, ‘Hybrid Seeds Market in India 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Seeds Market 2016-2020
- Global Genetically Modified Seeds Market 2016-2020
- Global Grain and Cereal Crop Protection Market 2016-2020
To read more press releases- click here.
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
