The report forecasts the hybrid seeds market in India to grow at a CAGR of 14.92% during the period 2016-2020.
The report 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.
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.
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.