Hybrid Rice Seeds Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Hybrid Rice Seeds Market
The Hybrid Rice Seeds market size was valued at USD 2.06 billion in 2019, and the market is now projected to grow from USD 2.26 billion in 2020 to USD 5.43 billion by 2027, exhibiting a CAGR of 13.32% during the forecast period of 2020-2027.
The worldwide outbreak of the COVID-19 pandemic has led to lockdowns and border closures that have impacted the Hybrid Rice Seeds market growth. Supplier exceptional discrepancies and underperformance of logistics provider companies are among the principal reasons for the supply chain discrepancies. However, in step with the International Seed Federation (ISF), the impact of COVID-19 becomes slightly much less on the seed enterprise as seeds are taken into consideration among the crucial agriculture objects and changed into allowed to feature in the lockdown with appropriate safety measures. Various international locations such as India, the U.S., and Japan enabled harvests with backed procurement of farm equipment as farm workers had been unavailable. For example, the government of India installed special shipment and courier services for the movement of essentials, which includes seeds, to ensure farmers can continue to grow crops and grains and save meal shortages amid COVID-19 and in the end.
Sustainable rice cultivation is challenged by numerous abiotic and biotic stresses. This has brought about the incorporation of stress tolerance in excessive-yielding varieties and has been established to be a very powerful method for developing these types that may cope with such situations. This is growing the demand for hybrid rice and mitigating the losses caused by the stress factors. The hybrid seed producers of rice are also emphasising technological improvements for developing seeds which can be proof against microbial infestations and generate better yields in a comparatively brief period than the inbred sorts, which is predicted to drive the Hybrid Rice Seeds market share. For example, in January 2018, Bayer AG released Arize AZ 8433 DT hybrid rice seed with dual attributes, which include tolerance to drought and Bacterial Leaf Blight and Brown Plant Hopper illnesses.
Additionally, according to the United Nations Food and Agriculture Organization (FAO) 2019 facts, global rice manufacturing accounted for nearly 755 million metric tonnes in 2018, with around ninety being produced in Asian international locations. Recent technology has caused the improvement of hybrid sort of rice seeds that produce 20-25% better yields and offer improved resilience to abiotic and biotic stress situations, requiring fewer inputs, which include water and pesticides. With an increasing populace the world over, the call for rice is also surging inside the marketplace as rice acts as a staple food for ~60% of the global populace.
Comprehensive Analysis of the Hybrid Rice Seeds Market
The market is segmented by kind and grain length. By kind, the 3-line breeding machine holds the most important percentage due to its confirmed ability to enhance energy, pest resistance, and fine, with strong male sterility. However, the two-line breeding device is gaining traction among growers for its 10% yield gain, even though its increase is hindered by using better Research and Development fees. By grain length, medium-sized rice grain seeds dominate due to their popularity in Asian countries like Thailand, India, and China, preferred for his or her wet and chewy texture. In contrast, long-grain rice holds giant capacity, especially in the U.S. And UAE, in which it is broadly eating up, with USDA records displaying it accounted for 70% of the U.S. Marketplace in 2018.
Asia Pacific dominated the hybrid rice seeds marketplace with a market proportion of 89.32% in 2019. Asia Pacific leads the global hybrid rice seeds marketplace and is predicted to stay equal within the forecast length due to the growing demand and consumption of rice in the place. Countries, together with China, India, Vietnam, and Thailand, are many of the fundamental producers of rice. Hence, they maintain a bigger bite inside the international rice seed market.
The top players in the market play a crucial role in the industry, assuring industrial prospectus growth and setting market standards. These players include Syngenta AG (Switzerland), Bayer AG (Germany), UPL Ltd. (India), Nath Bio-Genes Ltd. (India), and Nirmal Seeds Pvt. Ltd (India), Biostadt India Ltd. (India), Yuan Longping High-tech Agriculture Co., Ltd. (China), Wuhan Comega Seed Co., Ltd. (China) and Nuziveedu Seeds Ltd. (India), these market players provide a level-playing competitive landscape.
In May 2021, RiceTec Inc., a non-public American organisation that develops and produces hybrid rice seed, introduced a constrained release of the Max-Ace rice crop answer system in partnership with Adama Ltd. It pairs RiceTec’s herbicide-tolerant rice cultivars with Adama’s proprietary herbicide.
Segmentation Table
Global Hybrid Rice Seeds Market Scope
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Growth Rate CAGR of 13.32% from 2024-2032
Historical Period 2016-2018
Unit Value (USD Billion)
Segmentation By Type, grain size, and Region
By Type
3-line Breeding Systems
2-line Breeding Systems
By End-User
Long Grains
Medium Grains
Short Grains
By Region
North America (By Type, Grain Size, and By Country)
The U.S.
Mexico
Europe (By Type, Grain Size, and By Country)
Russia
France
Italy
Spain
Hungary
Rest of Europe
Asia Pacific (By Type, Grain Size, and By Country)
China
India
Japan
Vietnam
Bangladesh
Indonesia
Thailand
Philippines
Malaysia
Rest of Asia Pacific
South America (By Type, Grain Size, and By Country)
Brazil
Argentina
Colombia
Rest of South America
Middle East and Africa (By Type, Grain Size, and By Country)
South Africa
Turkey
Saudi Arabia
Rest of ME&A
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