The global rice seed market will be driven by advancements in rice breeding and increasing use of hybrid rice seeds during the forecast period 2022-2027

Expert Market Research’s new report titled “Global rice seed market Report and Forecast 2022-2027′, gives an in-depth analysis of the global rice seeds market by assessing the market based on products, grain size and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.

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Key highlights of the report include:

Market Overview (2021-2027)

  • Historical market size (2021): $6.69 billion
  • Forecast CAGR (2022-2027): 6.70%
  • Forecast market size (2027): 9.88 billion USD

Continuous technical improvements in molecular biology and biotechnology have led to the breeding of hybrid rice, which may drive the growth of the rice seed market throughout the forecast period. Farmers in Asia-Pacific widely use hybrid rice production technique, which leads to increased production of hybrid rice seed in this region. The largest rice seed producers are increasing their operations in Asian countries. Farmers have been encouraged to use hybrid breeding technology due to strong government support through hybrid seed subsidies.

Industry definition and major segments

Rice is a staple food in many countries, especially in Asia-Pacific. Rice is the seed of Oryza glaberrima also called Oryza sativa, which is a species of grass. Rice seeds are also used as bioreactors to produce human pharmaceuticals, including therapeutic peptides and proteins.

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The main rice seed products are:

  • Hybrid
  • Open Pollinated Varieties

The market can be broadly classified on the basis of particle size into:

On the basis of region, the market can be divided into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

Market trends

Long grain rice seeds are said to be the most widely distributed by seed size. This is due to the high rate of cultivation in several countries in North America and Asia. The restricted use of small grain rice in the food industry is also helping to propel the proliferation of these seeds. For example, in Asian countries, basmati and jasmine are two types of long grain rice which are widely exported and have economic importance from the rice millers’ point of view in terms of price value.

The Asia-Pacific region holds the largest market share. The region is a major consumer and producer of rice across the world, and the lack of arable land has motivated farmers to increase production of their crops. There, new technologies such as hybrid and certified seeds are becoming increasingly popular. Since rice production in other parts of the world is relatively low, the Asia-Pacific market is expected to grow at a steady rate during the forecast period and is expected to be the fastest growing area. .

Main market players

The major market players are SeedWorks International Pvt. Ltd., Savannah Seeds Private Limited, Bayer CropScience Limited, Nuziveedu Seeds Limited (NSL) and Pan Seeds Pvt. ltd. among others. The report covers market shares, capacities, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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