Market Size of wheat seed Industry
| Icons | Lable | Value |
|---|---|---|
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Study Period | 2016 - 2028 |
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Base Year For Estimation | 2021 |
|
CAGR | 3.59 % |
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Largest Share by Breeding Technology | Open Pollinated Varieties & Hybrid Derivatives |
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Largest Share by Region | North America |
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|
Market Concentration | High |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Wheat Seed Market Analysis
The Wheat Seed Market is projected to register a CAGR of 3.59%
- Open Pollinated Varieties & Hybrid Derivatives is the Largest Breeding Technology: Open-pollinated varieties require fewer inputs, such as fertilizer and pesticides, and are less expensive than hybrid seeds and more affordable for low-income farmers.
- United States is the Largest Country: The United States is the fourth largest producer of wheat globally. It has increased the cultivation of wheat due to an increase in price and increase in the global demand.
- Hybrids is the Fastest-growing Breeding Technology: It is expected to increase in the future as there are a few hybrids available and companies are developing new hybrids with drought tolerance traits and disease resistance.
- Ukraine is the Fastest-growing Country: Ukraine witnessed the fastest growth because it is the largest producer of wheat in Europe and the adoption of hybrid seeds led to increase in the export of grains to Africa.
