Rice Seed Market Size, Share, Demand and Forecast to 2027

The rice seeds market was valued at US$ 5,506.8 million in 2018 and is projected to reach US$ 10,036.0 million by 2027; it is expected to grow at a CAGR of 7.0% from 2019 to 2027.

Rice is a staple food in many major countries, especially in the Asia Pacific region. A rice seed, also known as paddy, is a whole rice seed, and one grain of paddy includes one rice kernel. It is an Oryza glaberrima or L. Oryza sativa seed. Further, rice seeds are used as bioreactors to produce human medications such as peptides or therapeutic proteins.

The rice seeds market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. The growth of the market in this region is mainly attributed to the by high population density, which is constantly growing, especially in countries such as India and China. In addition to this, around one fourth of the population residing in Asian countries falls in the poor category. These countries are expected to drive the rice consumption in the Asia Pacific countries. However, countries such as Japan and South Korea, where income is quite high, the per capita rice consumption has started declining. The constantly increasing population and shortage of cultivation area are two of the major issues that need to be addressed in the global rice seeds market. There is a strong need to increase productivity of rice cultivation to meet the growing need across the Asia Pacific region.

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Rice Seeds Market: Strategic Insights

Rice Seeds Market

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  CAGR (2018 - 2027)

  7.0%
• Market Size 2018
  US$ 5.51 Billion
• Market Size 2027
  US$ 10.04 Billion

Market Dynamics

GROWTH DRIVERS

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FUTURE TRENDS

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OPPORTUNITIES

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Key Players

• BASF SE
• Bayer AG
• E I du Pont de Nemours and Company
• Guard Rice Mills
• Kaveri Seed Company Ltd
• Maharastra Hybrid Seeds Company Private Limited Mahyco
• Nuziveedu Seeds Ltd NSL
• Rallis India Limited
• Rasi Seeds P Ltd

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Type

• Open-Pollinated Varieties
• Hybrid

Hybridization Technique

• Two-line system
• Three-line system

Treatment

• Treated
• Untreated

Grain size

• Long grains
• Medium-sized grains
• Short grains

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Market Insights

Increasing Adoption Of Hybrid Seeds For High Productivity Is Expected to Fuel Rice seeds Market Growth

With increasing world population, the demand for rice to fulfill the increasing food consumption is anticipated to rise in the coming years. However, due to the availability of limited water and land resources, the increase in rice production poses a challenge for farmers. The only solution to address this issue is to increase the productivity of rice seeds. In the past few years, the rice productivity is either stagnated or declined in some regions of the world, mainly due to marginal improvements in the potential of rice yield. The development of hybrid seeds offer a solution for countries to enhance rice productivity and to achieve self-sufficiency in rice production. The increasing technological advancements in the field of molecular biology, biotechnology, and genomics have led to substantial improvements in hybrid rice breeding. In addition to this, the ongoing research and development investments and rising trend of public-private partnership (PPP) in the field of hybrid rice seed production have further led to increased adoption hybrid seeds especially among the commercial farmers. All these factors are anticipated to drive the demand for hybrid seeds during the forecast period.

Type Insights

Based on type, the rice seeds market is bifurcated into open pollinated variety and hybrid. Open Pollinated Variety (OPV) of rice seeds are a result of natural pollination of parent plant. The pollination methods in this category include self-pollination and pollination by insects, birds, and other natural means. Unlike hybrid seeds, these seeds produce plants that are identical to the parent plants and known as standard varieties in some cases. The choice of OPV depends on the requirements of a grower. OPVs, on multiplication retain the same characteristics, if maintained and produced efficiently. OPV rice seeds show more genetically diverse characteristics as they adapt slowly based on the growing conditions and climate of an area. Commercial growers prefer hybrid seeds over OPV for high yield and certain desired characteristics. While hybrid seeds offer some benefits over OPV, OPVs help in conserving the genetic diversity of plants. The increasing demand for naturally grown rice and other food products globally is anticipated to drive the market for OPV in the coming years.

 

Hybridization Technique Insights

Based on hybridization technique, the rice seeds market is segmented into two-line system and three line system. The two line system segment accounted for the largest market share in 2018. Some of the advantages of two line hybrids include no requirement of maintainer lines, broad parental choice for developing heterotic hybrids, and no negative effects from the sterile cytoplasm. The overall two-line seed production does not differ much from three line hybrids. One of the important considerations in two line hybrid seed production is the determination of suitable location or season. The advantages offered by two-line system are anticipated to drive the demand of two line hybrids during the forecast period.

A few players operating in the rice seeds market are BASF SE, Bayer AG, DuPont de Nemours, Inc., Guard Rice Mills, Kaveri Seeds, Mahyco, Nuziveedu Seeds Limited, Rallis India Limited, Rasi Seeds (P) Ltd., and SL-Agritech among many others. The key companies implement the mergers and acquisitions, and research and development strategies to expand customer base and gain significant share in the global market, which also allows them to maintain their brand name globally.

Report Spotlights

• Progressive industry trends in the rice seeds market to help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the rice seeds market from 2019 to 2027
• Estimation of global demand for rice seeds  
• PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
• Recent developments to understand the competitive market scenario
• Market trends and outlook as well as factors driving and restraining the growth of the rice seeds market
• Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
• The size of the rice seeds market size at various nodes
• Detailed overview and segmentation of the market, as well as the rice seeds industry dynamics
• Size of the rice seeds market in various regions with promising growth opportunities

Rice Seed Market Report Scope

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• Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Rice seeds Market- by Type

• Open-Pollinated Varieties (OPV)
• Hybrid

Rice seeds Market – by Hybridization Technique

• Two-line system
• Three-line system

Rice seeds Market – by Treatment

• Treated
• Untreated

Rice seeds Market – by Grain Size

• Long grains
• Medium-sized grains
• Short grains

Company Profiles

• BASF SE
• Bayer AG
• E. I. du Pont de Nemours and Company
• Guard Rice Mills
• Kaveri Seed Company Ltd
• Maharastra Hybrid Seeds Company Private Limited (Mahyco)
• Nuziveedu Seeds Ltd. (NSL)
• Rallis India Limited
• Rasi Seeds (P) Ltd.
• SL Agritech Corporation