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The global hybrid seeds market was valued at USD 27.31 Billion in 2023 and grew at a CAGR of 7.22% from 2024 to 2033. The market is expected to reach USD 54.83 Billion by 2033. Farmers are trying to maximize their revenues in developed markets while maintaining agricultural yields. A persistent investment in agricultural technologies from developed and developing countries has driven the market for hybrid seeds.
A hybrid seed is created when two distinct varieties of similar plant species are inter-crossed. The ovary of the female flower will start to grow and create a fruit after it has been pollinated. Although the hybrid seeds will produce similar plants, the offspring of those hybrids might not always possess the necessary traits. Many hybrid cultivars have characteristics like increased productivity or flavour, resistance to disease, early maturity, and so forth. For various crop varieties, different features are desirable. Both amateur gardening and industrial agriculture frequently use hybrid seeds. It played a major role in the sharp increase in agricultural productivity in the latter part of the 20th century. Hybrid seeds are becoming more popular. This is because the offered seeds are more potent than other kinds of seeds.
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Increasing demand for hybrid seeds: As hybrid seeds have advantages over regular seeds, there is a greater demand for them in many regions. Farmers have been using more hybrid seeds for the past few decades because they harvest more quickly than traditional or open-pollinated variety seeds. Hybrid seeds grow more quickly and easily, and they handle stress better. In addition, they generate plants that are resistant to disease, yield more fruit, and have longer fruiting periods. These are selected to improve the traits of the offspring plants, such as increased uniformity. Compared to heirloom seeds, these can typically be grown more quickly and easily.
High cost: One significant issue expected to obstruct the growth of the hybrid sector is the initial cost of hybrid seed breeding. Hybrid seed production is an expensive and technical process. The cultivation of these seeds requires the involvement of intensive labour. Additionally, throughout the forecast period, unorganized market penetration of new seeds with lower costs is expected to constrain the growth of the hybrid seeds market.
Increasing focus on food security: Currently, the UN estimates that there are 7.3 billion people on the planet; by 2050, that number might rise to 9.7 billion. Food security faces significant issues with an increase in population. The world's expanding population and rising developing-nation incomes are the main drivers of increasing demand for food security. Global food demand is rising due to this expansion and growing wealth in developing nations, which leads to dietary changes like consuming more fruits and vegetables. As a result, the increased food production will drive up the demand for hybrid seeds in agriculture. Further, consumers have grown more conscious of their diet, increasing demand for fresh vegetables and fruits. Many farmers now utilize hybrid seeds to meet the required quality expectations, boosting market profits.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia-Pacific emerged as the most significant Hybrid Seeds market, with a 34.91% market revenue share in 2023.
Asia-Pacific region will account for the largest market share with revenue growth. The Asia Pacific region's growing need for fruits and vegetables has increased the use of hybrid seeds for agricultural production, driving the market for hybrid seeds. The need for healthy food products has increased with the rising population in China and India, and this trend is expected to fuel the growth of the hybrid seeds market throughout the forecast period. Further, the regional government is investing in providing high-quality food products to limit the spread of any disease, providing lucrative opportunities to the manufacturers of hybrid seeds.
Asia-Pacific region Hybrid Seeds Market Share in 2023 - 34.91%
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The crop type segment is divided into cereals and grains, fruits and vegetables, pulses and oilseeds and others. The cereals and grains segment dominated the market, with a share of around 43.11% in 2023. The segment's growth is related to the increasing area of cultivation of various cereals and grains around the world. The growing usage of grains and cereals in staple cuisines drives product demand in this category. The rise of the hybrid seeds industry is driven by favourable temperature conditions and the broad adoption of new technology for cultivating cereal and grains.
The key crop segment is divided into soybean, corn, tomato, rice, cucumber, cotton, hot pepper, watermelon and others. The soybean segment dominated the market, with a share of around 26.02% in 2023. Hybrid soybean seeds are created by crossing a male sterile female parent line with a male fertile soybean variety. Hybrid breeding is seen to have the highest potential for enhancing soybean yields.
The cultivation type segment is divided into open-field cultivation and protected cultivation. The open-field cultivation segment dominated the market, with a share of around 59.98% in 2023. Open field cultivation is the traditional form of farming that dates back to the Middle Ages. It entails care for the soil, transplanting seeds or transplants, and keeping them from harm until harvest.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2023 | USD 27.31 Billion |
| Market size value in 2033 | USD 54.83 Billion |
| CAGR (2024 to 2033) | 7.22% |
| Historical data | 2020-2022 |
| Base Year | 2023 |
| Forecast | 2024-2033 |
| Region | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Segments | Crop Type, Key Crop, and Cultivation Type |
As per The Brainy Insights, the size of the hybrid seeds market was valued USD 27.31 Billion in 2023 to USD 54.83 Billion by 2033.
Global hybrid seeds market is growing at a CAGR of 7.22% during the forecast period 2024-2033.
Asia Pacific region emerged as the largest market for the hybrid seeds.
The market's growth will be influenced by the growing demand for hybrid seeds over conventional seeds.
The high cost can hamper the market growth.
The increasing demand for food security is providing huge opportunities to the market.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Crop Type
4.3.2. Market Attractiveness Analysis by Key Crop
4.3.3. Market Attractiveness Analysis by Cultivation Type
4.3.4. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing demand for hybrid seeds
5.3. Restraints
5.3.1. High cost
5.4. Opportunities
5.4.1. Increasing investment in agricultural commodities
5.5. Challenges
5.5.1. Limited demand in developing and underdeveloped regions
6. Global Hybrid Seeds Market Analysis and Forecast, By Crop Type
6.1. Segment Overview
6.2. Cereals and Grains
6.3. Fruits and Vegetables
6.4. Pulses and Oilseeds
7. Global Hybrid Seeds Market Analysis and Forecast, By Key Crop
7.1. Segment Overview
7.2. Soybean
7.3. Corn
7.4. Tomato
7.5. Rice
7.6. Cucumber
7.7. Cotton
7.8. Hot Pepper
7.9. Watermelon
7.10. Others
8. Global Hybrid Seeds Market Analysis and Forecast, By Cultivation Type
8.1. Segment Overview
8.2. Open Field Cultivation
8.3. Protected Cultivation
9. Global Hybrid Seeds Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Hybrid Seeds Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Hybrid Seeds Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. BASF SE
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Syngenta Group
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Bayer AG
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Land O’ Lakes
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. KWS SAAT SE
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Groupe Limagrain Corteva Agriscience
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Sakata Seed Corporation
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. UPL Limited
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Longping Hi-tech
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Rallis India Limited
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Takii & Co. Ltd
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. EnzaZaden
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
11.13. FMC Corporation
11.13.1. Business Overview
11.13.2. Company Snapshot
11.13.3. Company Market Share Analysis
11.13.4. Company Product Portfolio
11.13.5. Recent Developments
11.13.6. SWOT Analysis
11.14. Barenbrug Holding B.V
11.14.1. Business Overview
11.14.2. Company Snapshot
11.14.3. Company Market Share Analysis
11.14.4. Company Product Portfolio
11.14.5. Recent Developments
11.14.6. SWOT Analysis
11.15. Mahyco
11.15.1. Business Overview
11.15.2. Company Snapshot
11.15.3. Company Market Share Analysis
11.15.4. Company Product Portfolio
11.15.5. Recent Developments
11.15.6. SWOT Analysis
11.16. Allied Seed LLC
11.16.1. Business Overview
11.16.2. Company Snapshot
11.16.3. Company Market Share Analysis
11.16.4. Company Product Portfolio
11.16.5. Recent Developments
11.16.6. SWOT Analysis
11.17. Imperial Seed Company
11.17.1. Business Overview
11.17.2. Company Snapshot
11.17.3. Company Market Share Analysis
11.17.4. Company Product Portfolio
11.17.5. Recent Developments
11.17.6. SWOT Analysis
11.18. Ampac Seed
11.18.1. Business Overview
11.18.2. Company Snapshot
11.18.3. Company Market Share Analysis
11.18.4. Company Product Portfolio
11.18.5. Recent Developments
11.18.6. SWOT Analysis
11.19. BrettYoung
11.19.1. Business Overview
11.19.2. Company Snapshot
11.19.3. Company Market Share Analysis
11.19.4. Company Product Portfolio
11.19.5. Recent Developments
11.19.6. SWOT Analysis
11.20. SL Agritech Corporation
11.20.1. Business Overview
11.20.2. Company Snapshot
11.20.3. Company Market Share Analysis
11.20.4. Company Product Portfolio
11.20.5. Recent Developments
11.20.6. SWOT Analysis
11.21. Rasi Seeds
11.21.1. Business Overview
11.21.2. Company Snapshot
11.21.3. Company Market Share Analysis
11.21.4. Company Product Portfolio
11.21.5. Recent Developments
11.21.6. SWOT Analysis
11.22. CN Seeds
11.22.1. Business Overview
11.22.2. Company Snapshot
11.22.3. Company Market Share Analysis
11.22.4. Company Product Portfolio
11.22.5. Recent Developments
11.22.6. SWOT Analysis
11.23. Vikima Seed A/S
11.23.1. Business Overview
11.23.2. Company Snapshot
11.23.3. Company Market Share Analysis
11.23.4. Company Product Portfolio
11.23.5. Recent Developments
11.23.6. SWOT Analysis
List of Table
1. Global Hybrid Seeds Market, By Crop Type, 2020-2033 (USD Billion)
2. Global Cereals and Grains, Hybrid Seeds Market, By Region, 2020-2033 (USD Billion)
3. Global Fruits and Vegetables, Hybrid Seeds Market, By Region, 2020-2033 (USD Billion)
4. Global Pulses and Oilseeds, Hybrid Seeds Market, By Region, 2020-2033 (USD Billion)
5. Global Others, Hybrid Seeds Market, By Region, 2020-2033 (USD Billion)
6. Global Hybrid Seeds Market, By Key Crop, 2020-2033 (USD Billion)
7. Global Soybean, Hybrid Seeds Market, By Region, 2020-2033 (USD Billion)
8. Global Corn, Hybrid Seeds Market, By Region, 2020-2033 (USD Billion)
9. Global Tomato, Hybrid Seeds Market, By Region, 2020-2033 (USD Billion)
10. Global Rice, Hybrid Seeds Market, By Region, 2020-2033 (USD Billion)
11. Global Cucumber, Hybrid Seeds Market, By Region, 2020-2033 (USD Billion)
12. Global Cotton, Hybrid Seeds Market, By Region, 2020-2033 (USD Billion)
13. Global Hot Pepper, Hybrid Seeds Market, By Region, 2020-2033 (USD Billion)
14. Global Watermelon, Hybrid Seeds Market, By Region, 2020-2033 (USD Billion)
15. Global Others, Hybrid Seeds Market, By Region, 2020-2033 (USD Billion)
16. Global Hybrid Seeds Market, By Cultivation Type, 2020-2033 (USD Billion)
17. Global Open Field Cultivation, Hybrid Seeds Market, By Region, 2020-2033 (USD Billion)
18. Global Protected Cultivation, Hybrid Seeds Market, By Region, 2020-2033 (USD Billion)
19. Global Hybrid Seeds Market, By Region, 2020-2033 (USD Billion)
20. North America Hybrid Seeds Market, By Crop Type, 2020-2033 (USD Billion)
21. North America Hybrid Seeds Market, By Key Crop, 2020-2033 (USD Billion)
22. North America Hybrid Seeds Market, By Cultivation Type, 2020-2033 (USD Billion)
23. U.S. Hybrid Seeds Market, By Crop Type, 2020-2033 (USD Billion)
24. U.S. Hybrid Seeds Market, By Key Crop, 2020-2033 (USD Billion)
25. U.S. Hybrid Seeds Market, By Cultivation Type, 2020-2033 (USD Billion)
26. Canada Hybrid Seeds Market, By Crop Type, 2020-2033 (USD Billion)
27. Canada Hybrid Seeds Market, By Key Crop, 2020-2033 (USD Billion)
28. Canada Hybrid Seeds Market, By Cultivation Type, 2020-2033 (USD Billion)
29. Mexico Hybrid Seeds Market, By Crop Type, 2020-2033 (USD Billion)
30. Mexico Hybrid Seeds Market, By Key Crop, 2020-2033 (USD Billion)
31. Mexico Hybrid Seeds Market, By Cultivation Type, 2020-2033 (USD Billion)
32. Europe Hybrid Seeds Market, By Crop Type, 2020-2033 (USD Billion)
33. Europe Hybrid Seeds Market, By Key Crop, 2020-2033 (USD Billion)
34. Europe Hybrid Seeds Market, By Cultivation Type, 2020-2033 (USD Billion)
35. Germany Hybrid Seeds Market, By Crop Type, 2020-2033 (USD Billion)
36. Germany Hybrid Seeds Market, By Key Crop, 2020-2033 (USD Billion)
37. Germany Hybrid Seeds Market, By Cultivation Type, 2020-2033 (USD Billion)
38. France Hybrid Seeds Market, By Crop Type, 2020-2033 (USD Billion)
39. France Hybrid Seeds Market, By Key Crop, 2020-2033 (USD Billion)
40. France Hybrid Seeds Market, By Cultivation Type, 2020-2033 (USD Billion)
41. U.K. Hybrid Seeds Market, By Crop Type, 2020-2033 (USD Billion)
42. U.K. Hybrid Seeds Market, By Key Crop, 2020-2033 (USD Billion)
43. U.K. Hybrid Seeds Market, By Cultivation Type, 2020-2033 (USD Billion)
44. Italy Hybrid Seeds Market, By Crop Type, 2020-2033 (USD Billion)
45. Italy Hybrid Seeds Market, By Key Crop, 2020-2033 (USD Billion)
46. Italy Hybrid Seeds Market, By Cultivation Type, 2020-2033 (USD Billion)
47. Spain Hybrid Seeds Market, By Crop Type, 2020-2033 (USD Billion)
48. Spain Hybrid Seeds Market, By Key Crop, 2020-2033 (USD Billion)
49. Spain Hybrid Seeds Market, By Cultivation Type, 2020-2033 (USD Billion)
50. Asia Pacific Hybrid Seeds Market, By Crop Type, 2020-2033 (USD Billion)
51. Asia Pacific Hybrid Seeds Market, By Key Crop, 2020-2033 (USD Billion)
52. Asia Pacific Hybrid Seeds Market, By Cultivation Type, 2020-2033 (USD Billion)
53. Japan Hybrid Seeds Market, By Crop Type, 2020-2033 (USD Billion)
54. Japan Hybrid Seeds Market, By Key Crop, 2020-2033 (USD Billion)
55. Japan Hybrid Seeds Market, By Cultivation Type, 2020-2033 (USD Billion)
56. China Hybrid Seeds Market, By Crop Type, 2020-2033 (USD Billion)
57. China Hybrid Seeds Market, By Key Crop, 2020-2033 (USD Billion)
58. China Hybrid Seeds Market, By Cultivation Type, 2020-2033 (USD Billion)
59. India Hybrid Seeds Market, By Crop Type, 2020-2033 (USD Billion)
60. India Hybrid Seeds Market, By Key Crop, 2020-2033 (USD Billion)
61. India Hybrid Seeds Market, By Cultivation Type, 2020-2033 (USD Billion)
62. South America Hybrid Seeds Market, By Crop Type, 2020-2033 (USD Billion)
63. South America Hybrid Seeds Market, By Key Crop, 2020-2033 (USD Billion)
64. South America Hybrid Seeds Market, By Cultivation Type, 2020-2033 (USD Billion)
65. Brazil Hybrid Seeds Market, By Crop Type, 2020-2033 (USD Billion)
66. Brazil Hybrid Seeds Market, By Key Crop, 2020-2033 (USD Billion)
67. Brazil Hybrid Seeds Market, By Cultivation Type, 2020-2033 (USD Billion)
68. Middle East and Africa Hybrid Seeds Market, By Crop Type, 2020-2033 (USD Billion)
69. Middle East and Africa Hybrid Seeds Market, By Key Crop, 2020-2033 (USD Billion)
70. Middle East and Africa Hybrid Seeds Market, By Cultivation Type, 2020-2033 (USD Billion)
71. UAE Hybrid Seeds Market, By Crop Type, 2020-2033 (USD Billion)
72. UAE Hybrid Seeds Market, By Key Crop, 2020-2033 (USD Billion)
73. UAE Hybrid Seeds Market, By Cultivation Type, 2020-2033 (USD Billion)
74. South Africa Hybrid Seeds Market, By Crop Type, 2020-2033 (USD Billion)
75. South Africa Hybrid Seeds Market, By Key Crop, 2020-2033 (USD Billion)
76. South Africa Hybrid Seeds Market, By Cultivation Type, 2020-2033 (USD Billion)
List of Figures
1. Global Hybrid Seeds Market Segmentation
2. Hybrid Seeds Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Hybrid Seeds Market Attractiveness Analysis by Crop Type
9. Global Hybrid Seeds Market Attractiveness Analysis by Key Crop
10. Global Hybrid Seeds Market Attractiveness Analysis by Cultivation Type
11. Global Hybrid Seeds Market Attractiveness Analysis by Region
12. Global Hybrid Seeds Market: Dynamics
13. Global Hybrid Seeds Market Share by Crop Type (2023 & 2033)
14. Global Hybrid Seeds Market Share by Key Crop (2023 & 2033)
15. Global Hybrid Seeds Market Share by Cultivation Type (2023 & 2033)
16. Global Hybrid Seeds Market Share by Regions (2023 & 2033)
17. Global Hybrid Seeds Market Share by Company (2023)
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global hybrid seeds market based on below mentioned segments:
Global Hybrid Seeds Market by Crop Type:
Global Hybrid Seeds Market by Key Crop:
Global Hybrid Seeds Market by Cultivation Type:
Global Hybrid Seeds Market by Region:
Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision.
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The data procurement stage involves in data gathering and collecting through various data sources.
This stage involves in extensive research. These data sources includes:
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Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.
The supply side for a domain specific market is analysed by:
The demand side for the market is estimated through:
In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.
Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:
Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:
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This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.
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Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.
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