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Global Hybrid Seeds Industry (2020 to 2027) - Key Market Trends and Drivers - ResearchAndMarkets.com
May 6, 2021 GMT
Amid the COVID-19 crisis, the global market for Hybrid Seeds estimated at US$46.5 Billion in the year 2020, is projected to reach a revised size of US$78.8 Billion by 2027, growing at a CAGR of 7.8% over the analysis period 2020-2027.
Cereals & Grains, one of the segments analyzed in the report, is projected to record a 7.6% CAGR and reach US$32.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fruits & vegetables segment is readjusted to a revised 9% CAGR for the next 7-year period.
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