Hybrid Seeds Market in India 2017-2021

Overview of the hybrid seeds market in India

Technavio's market study identifies the initiatives to educate farmers on the benefits of using hybrid seeds as one of the primary growth factors for the hybrid seeds market in India. The use of hybrid seeds of different varieties can reduce the problems arising due to climatic changes. There are a number of organizations that provide rice farming training programs to farmers. These initiatives aim to educate the farmers about the hybrid rice seed technology and the use of pioneer rice hybrid (PHB) 71 hybrid seeds to increase yields, maintain sustainable supply of food, and increase food security. According to our market research analysts, this market will grow at a CAGR of around 13% by 2021.

There is an increasing preference for high-quality and certified seeds among farmers. In addition to offering benefits such as pest resistance, drought tolerance, and herbicide tolerance, the use of certified seeds also helps farmers reduce risks and significantly increase the yield. It has been observed that when compared to the traditional seeds, the use of certified seeds can increase profits by USD 12 per acre. This will further increase the demand for certified seeds from farmers, which in turn, will have a positive impact on the growth of the hybrid seeds market in India.

Competitive landscape and key vendors