Global Rice Seeds Market

Global Rice Seeds Market Size, Share, Growth Analysis, By Type(Open-Pollinated Varieties, Commercial Hybrids), By Hybridization(Two-Line, Three-Line), By Grain Size(Small, Medium), By Treatment(Treated, Untreated) - Industry Forecast 2024-2031


Report ID: SQMIG30H2075 | Region: Global | Published Date: April, 2024
Pages: 157 | Tables: 114 | Figures: 77

Global Rice Seeds Market Insights

Rice Seeds Market size was valued at USD 6.69 billion in 2019 and is poised to grow from USD 7.14 billion in 2023 to USD 12.8 billion by 2031, growing at a CAGR of 6.7% in the forecast period (2024-2031).

Rice is made from the seed of the grass Oryza sativa, sometimes known as Asian rice, or the less common Oryza glaberrima (African rice). Although the phrase may sometimes be used to refer to wild or uncultivated variants of Oryza, wild rice is typically used to refer to species of the genera Zizania and Porteresia.

In various Asian nations, including India, China, Vietnam, and Malaysia, brown rice consumption has increased during the past several years. Brown rice is far healthier than regular commercial alternatives, according to a medical study. In addition to having 218 calories per cup, brown rice also has 44 grams of carbohydrates, 3.5 grams of fiber, 1.8 grams of fat, and 5 grams of protein. Additionally, it contains vitamin B1, B3, B5, B6, selenium, iron, magnesium, phosphorus, zinc, copper, manganese, and vitamin E. Due to its high fiber and low-calorie content, this variety of rice is strongly advised for diabetes patients as an alternative to ordinary rice.

The market is expanding more quickly as a result of the rising cost of premium seeds. One of the causes is the help provided by public and private entities to farmers and agriculturalists. The market is being further improved by the expanded selection of hybrid rice seed alternatives as well as the simple accessibility of agricultural loans, contract services, pesticides, fertilizers, and machinery. Rising consumer demand for higher-quality rice crops, rising consumer knowledge of the benefits of eating healthy, rising hybrid crop farming for higher rice production, and an increase in the rate of seed replacement are all factors that are positively affecting the rice seed market. During the anticipated period, the rice seed market would develop at a faster rate due to new technologies and an increase in exports of rice seed types.

US Rice Seeds Market is poised to grow at a sustainable CAGR for the next forecast year.

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Rice Seeds Market size was valued at USD 6.69 billion in 2019 and is poised to grow from USD 7.14 billion in 2023 to USD 12.8 billion by 2031, growing at a CAGR of 6.7% in the forecast period (2024-2031).

The global rice seeds market is relatively fragmented, with a high level of competition. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions. 'Bayer AG', 'BASF SE', 'Syngenta AG', 'Dow AgroSciences LLC', 'DuPont de Nemours, Inc.', 'Nuziveedu Seeds Ltd.', 'Mahyco Seeds Company Limited', 'RiceTec AG', 'Krishidhan Seeds Pvt. Ltd.', 'Advanta Limited', 'SL Agritech Corporation', 'Hefei Fengle Seed Co. Ltd.', 'China National Seed Group Corporation', 'Longping High-Tech Agriculture Co. Ltd.', 'JK Agri Genetics Ltd.', 'Monsanto Company', 'Takii & Co. Ltd.', 'Kaveri Seed Company Limited', 'Sakata Seed Corporation', 'Rasi Seeds (P) Ltd.'

In the upcoming years, it is projected that the need for rice to meet rising food consumption would increase due to the growing global population. However, the growth in rice production presents a problem for farmers because of the availability of constrained water and land resources. The only way to solve this problem is to make rice seeds more productive. Due mostly to slight increases in the potential rice output, rice productivity has either stalled or decreased in several parts of the world during the previous few years. A way for nations to increase rice yield and attain self-sufficiency in rice production is through the creation of hybrid seeds.

Government and corporate entities have been giving farmers and agriculturalists a lot of help. Production has increased as a result of the simple accessibility of agricultural credits, fertilisers, pesticides, contract services, and machinery to meet the increasing demand. In addition to receiving help from governmental and nonprofit groups in the form of technical information necessary for improved crop management methods and increased yields, farmers have also been using knowledge-intensive technologies. All of these initiatives help to produce high-quality seeds that guarantee germination, freedom from weeds and illnesses spread by infected seeds, crop stands, a better harvest, and more financial success.

As rice is a common staple meal in most Asian nations, the Asia Pacific region accounted for more than 75.0% of the income in 2021. In nations like India, Vietnam, Thailand, and Sri Lanka, more than 100 kilograms of rice are used yearly per person. In these Asian countries, more than 520 million people get more than 50% of their calories from rice. In the upcoming years, the per capita consumption of these goods as a staple diet will continue to rise in middle-to-low-income Asian nations, such as the Philippines, Laos, Myanmar, Bangladesh, and Cambodia. For example, India's rice exports (basmati and non-basmati) increased dramatically by a whopping 87 percent to 17.72 million tonnes (MT) in 2020–21 from 9.49 MT in 2019–20. India's rice exports increased by 38% in value to 8815 million USD in 2020–21 from 6397 million USD recorded in 2019–20. India's rice exports increased in value by 44% to Rs 65298 crore in 2020–21 from Rs 45379 crore the year before. India's rice exports increased by more than 33% to 11.79 MT in the first seven months of the current fiscal year (2021–22) from 8.91 MT during April–October 2020–21. It is predicted that India would export more rice in 2021–22 than it did in 2020–21, when it set a record of 17.72 MT. India sent non-basmati rice to nine nations in 2020–21, including Timor–Leste, Puerto Rico, Brazil, Papua New Guinea, Zimbabwe, Burundi, Eswatini, Myanmar, and Nicaragua, while preceding shipments were of a lower scale or had not yet been made.

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Global Rice Seeds Market

Product ID: SQMIG30H2075

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