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Philippines Hybrid Seeds Market Outlook 2017-2025

The developing agricultural sector of Philippines has huge potential to explore with the application of hybrid seeds. Hybrid seeds are produced by cross-pollination of plants method, done in home gardening and for commercial modern agriculture. Philippines agricultural sector accounted for 9% export of the total exports in 2016 and the agricultural industry has 10% contribution in GDP. In 2017, Philippines recorded the growth of 2.66% in crops sector, mainly from coconut, sugarcane, banana, pineapple, peanut, cassava, sweet potato, eggplant and rubber production. 

The growth of agricultural sector is driving the growing demand for hybrid seeds, which is further impacted by the various hybrid seeds research and development programs and projects. One such example is the in the province of Nueva Ecija, where lies the Science City of Muñoz, to carry out agricultural research and innovations. Further, DuPont Pioneer has established its feet in the production of hybrid seeds, which also aims to increase the rice productivity of the Philippines with the hybrid rice seed varieties. Further, the extensive practice of contract farming pose challenges in the growth of hybrid seeds market, as the inputs (hybrid seeds) in agriculture can be diverted from the crop land. Goldstein Research analyst forecast that the Philippines hybrid seed market is set to reach 2 billion by 2025, growing at a CAGR of 10.6% over the forecast period (2017-2025).

Location: New York, NY, USA

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