Hybrid Seeds Market

Players Adopted Strategies Such as Agreements, Collaborations, Partnerships, and Joint Ventures to Increase Their Market Presence and Revenue Generation in Hybrid Seeds Market

The global hybrid seeds market is projected to reach a value of USD 57.19 Billion by 2022, growing at a CAGR of 9.10% from 2016. The market is driven by factors such as high-quality and high-yielding seeds used with innovative technology, new product offerings, and modernization of agriculture. The key players identified in the global hybrid seeds market include E. I. du Pont de Nemours and Company (U.S.), Syngenta AG (Switzerland), Monsanto (U.S), Dow AgroSciences LLC (U.S.), and KWS (Germany).

The key market players adopted strategies such as agreements, collaborations, partnerships, and joint ventures to increase their market presence and revenue generation. Leading players focused on strengthening their R&D proficiencies by capitalizing in new techniques of pollination and entering into agreements with other companies, to develop diversified product portfolios of hybrid seeds.

The global players have established large distribution networks across the world and follow extensive cross-selling marketing strategies. Market leaders such Monsanto (U.S.), Syngenta AG (Switzerland), and E.I du Pont de Nemours and Company (U.S.) have successfully tapped the potential markets through the development of innovative product launches, partnership agreements, and expansions. These key companies focused on new product developments in the hybrid seeds industry on a regional as well as a global level, to strengthen and expand their position in the hybrid seeds market. The trend of developing hybrid seeds products for the growing demand for crops, is increasing the competition among the key players, thus increasing the competitive rivalry among the players.

In June 2016, E.I du Pont de Nemours and Company entered into an agreement with Monsanto (U.S.). This agreement was made to bring Intacta RR2 Pro technology together with Monsantoís soybean technology. DuPont Pioneer, a subsidiary of E.I du Pont de Nemours and Company, expanded its multi-research center in Indiana, U.S.

Another key player, Syngenta AG, in June 2014, acquired Lantmannenís (Sweden) winter wheat and winter oilseed business, which helped the company to gain access to high-quality germplasm. In October 2015, Syngenta entered into a licensing agreement with KWS SAAT SE (Germany) and Limagrain (France) and their joint ventures Agreliant and Genective (U.S.). Under this agreement, Syngenta provided worldwide rights to its current and future GM corn traits portfolio.

Related Reports:

Hybrid Seeds Market by Crop Type (Cereals & Grains, Fruits & Vegetables, and Oilseeds), Duration (Short-Term, Medium-Term, and Long-Term), Seed Treatment (Treated and Untreated), Farm Type, and Region - Global Forecast to 2022

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Report Code
AGI 4824
Published ON
Dec, 2016
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