Increasing Demand for food grains, rapid hybridization in
Vegetable, Corn and Rice Support to Drive Market Growth
India Hybrid Seeds Market for India will continue to grow at a considerable pace in the next
few years with addition of new players and continuous support from government.
The market is predicted to grow at a CAGR of ~% from FY’2016-FY’2020. There has been tremendous progress made by public and private
sector in the development of hybrids in several vegetable seeds such as tomato,
brinjal, chili, okra, muskmelon, sponge gourd, seeds is rapidly growing and
both national and multi-national companies have actively involved in the market
over the years.
The Indian seed market, over the
years, has evolved by adopting and innovating upon scientific advancements in
variety development and quality seed production. During FY’2010-FY’2015, the
Indian seed market has grown at a CAGR of ~%.
The future of the Indian seed industry
is expected to be favorable on account of impelling demand due to increased
subsidies and renewed government thrust on the use of high yielding varieties,
thereby leading to an increased productivity in the seed market. Over the long
term, several seed companies in the country are targeting to capture the market
share in higher margin seed products such as fruits & vegetables and
introduction of inventive products which lead to an improvement in the crop
yield. It is expected that favorable government policies will continue to
support the growth of Indian seed industry in the coming five years.
“Several
factors including increased subsidies and renewed government thrust on the use
of high yielding varieties, will lead to an increased productivity in the seed
market. The industry, however, is expected to face major challenges in terms of
unpredictable weather which may affect the pest occurrences in the short term.
Expansion of product portfolio should be an important consideration for market
players as farmers prefer to use different variety of seeds for different crops
in order to enhance the productivity.” according to the Research Analyst, Ken Research.
The report titled “India Seed Market
Outlook to FY’2020” provides a comprehensive analysis of the seed market in
India and helps readers to identify the ongoing
trends in the industry and anticipated growth in future depending upon changing
industry dynamics in coming years. The report will help industry consultants,
seed producing companies, suppliers, retail chains, new players and
other stakeholders to align their market centric strategies according to
ongoing and expected trends in the future.
Related Reports:
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
