What is the global market size of Rice Seeds Market?

Rice Seeds Market size was valued at USD 6.69 billion in 2021 and is poised to grow from USD 7.14 billion in 2022 to USD 12.8 billion by 2030, growing at a CAGR of 6.7% in the forecast period (2023-2030).

Who are the key vendors in the Global Rice Seeds Market?

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.'

What is the key driver of Global Rice Seeds Market?

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.

What is the key market trend for Global Rice Seeds Market?

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.

Which region accounted for the largest share in Rice Seeds Market?

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.

Sand Screening Machines Market Worldwide

Sand Screening Machines Market Regional Insights

Asia Pacific will dominate the world sand screening machines market. This might be attributed to the region's ongoing increase in construction activity as well as investments made by significant regional businesses to boost their production capacity. Additionally, the majority of the significant competitors in the sand screen industry are concentrated in this area. The Asia Pacific sand screen market is thus being driven by the increase in construction activities in developed nations like Japan and Korea as well as rising economies like India, Malaysia, and Indonesia. Latin America and the Middle East & Africa are two more major markets for sand screening equipment. Sand screen demand is increasing throughout the Middle East, Africa, and Latin America due to the presence of capital-intensive businesses and cheap labour costs in these regions. On the other hand, the sand screening machines market in North America and Europe is growing steadily. Additionally, businesses in the sand screen industry are moving their manufacturing operations to emerging markets. Therefore, in the upcoming years, these areas are anticipated to show only minor volatility.

FAQs

Global Sand Screening Machines Market size was valued at USD 749.7 million in 2023 and is poised to grow from USD 797.68 million in 2024 to USD 1310.27 million by 2032, growing at a CAGR of 6.4% during the forecast period (2025-2032).

The top sand screening machines market participants have a wide geographic reach and a wide range of products to meet a variety of consumer wants. Industry players are spending a lot of money on R&D in order to introduce new equipment and increase their profitability in this potential market. 'Sany (China) ', 'Caterpillar (United States) ', 'Komatsu (Japan) ', 'Hitachi (Japan) ', 'Sandvik (Sweden) ', 'Liebherr (Germany) ', 'XCMG (China) ', 'Doosan Infracore (South Korea) ', 'John Deere (United States) ', 'JCB (United Kingdom) ', 'Wirtgen Group (Germany) ', 'Zoomlion (China) ', 'SHR Machinery (China) ', 'Universal Construction Machinery & Equipment Ltd. (India) ', 'KK Works (India) ', 'Terex Corporation (United States) ', 'Rotex Global LLC (United States) ', 'The Weir Group PLC (United Kingdom) ', 'Astec Industries, Inc. (United States) ', 'Cosmos Construction Machinery and Equipments Pvt Ltd. (India)'

Sand screen has high production performance and sand control reliability in open hole, so it may be utilized as an alternative to gravel packing for sand control. In both open hole and cased hole applications, sand screen is economically advantageous. Sand screens are inexpensive to maintain and have a long lifespan. The sand screen market is anticipated to grow as a result in the near future. Oil and gas quality is improved with the use of sand screens. In situations containing natural gas and crude oil, it gives corrosion resistance. Because of its mechanical stability and weld integrity, sand screen aids in maintaining a sturdy structure without changing pore size during installation.

The market for sand control equipment is expected to rise as a result of an increase in drilling operations around the world, high offshore rig rates, increased oil and gas production, an increase in the number of wells, and ease of drilling and gas production, among other factors. The gadgets that aid in mixing and excluding sand forms during the hydrocarbon extraction process make up the sand control equipment. The system plays one of the most crucial roles in the total completion process because it is utilized to improve well's productivity and performance. The technology also aids in the eradication of issues like down-hole cavities and hardware erosion.