Surge in Adoption of Hybrid and Biotech Crops Boost Indian Seed MarketMay 2, 2019
Despite growing concerns over stiff government regulations, delays in the approval of genetically modified (GM) crops, steadily increasing population, and a decline in farm lands, the hybrid seed sector has seen a 15%-20% annual growth in the last decade. Indian farmers have been progressively adopting hybrid seeds particularly Bt cotton hybrids, single-cross corn hybrids, and hybrid vegetables due to their disease- and pest-resistant properties.
Looking at the row crop segment of the seed market, the analysis revealed that cotton had the highest share of income due to the extensive adoption of Bt cotton seeds in India. Meanwhile, vegetables and maize also take up a significant portion with their high hybridization and seed replacement rates. The Indian seed market is segmented by crop type and further segregated into sub-segments -- the row crops and vegetables.
For more details, read the report in Industry Research.
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