Global Rice Seeds Market Trends 2024, Forecast To 2033
23 Feb, 2024
The rice seeds market has witnessed strong growth, rising from $7.82 billion in 2023 to $8.53 billion in 2024, with a 9.2% CAGR. Historical growth is attributed to population growth, traditional rice varieties, government policies, and environmental factors. Anticipating continued growth, the market is projected to reach $12.21 billion by 2028, driven by changing dietary preferences, crop resilience, trade globalization, sustainable agriculture, consumer awareness, and climate change mitigation. Key trends include genetic engineering, high-yield varieties adoption, digital agriculture, market diversification, and sustainable farming practices.
Global Rice Seeds Market Key Driver
The rice seeds market is set to expand, propelled by the escalating global population and the subsequent surge in food demand. With the world population projected to reach 10 billion by 2057, the Food and Agriculture Organization predicts a 70% increase in food demand by 2050. This growing population and its associated food needs are expected to significantly drive the rice seeds market as agriculture strives to meet the challenges of increased demand for food resources.
Get A Free Sample Of The Global Rice Seeds Market ReportGlobal Rice Seeds Market Segments
The rice seeds market covered in this report is segmented –
1)By Type: Open Pollinated Rice Variety, Hybrid Rice Variety
2)By Treatment: Treated, Untreated
3)By Hybridization Technique: Two-Line System, Three-Line System
4)By Grain Size: Long Grain Rice, Medium Grain Rice, Short Grain Rice
5)By Application: Agricultural Planting, Scientific And Research Planting
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacificwas the largest region in the rice seeds market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the rice seeds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Rice Seeds Industry Players
Bayer AG; Syngenta Group; Advanta Seeds Pty Ltd; Nuziveedu Seeds; Mahyco; BASF SE; Kaveri Seeds Co Ltd; SL Agritech Corporation; Rasi Seeds Pvt. Ltd.; Rallis India Limited; JK Agri Genetics Limited; Hefei Fengle Seed Co. Ltd.; Corteva Agriscience; Guard Agri Genetics; Savannah Seeds Private Limited; Pioneer Hi-Bred International Inc.; Krishidhan Seeds Pvt. Ltd.; Nath Biogene (I) Ltd.; Seminis Vegetable Seeds Inc.; Seed Co Limited; Biostadt India Limited; Takii & Co. Ltd.; National Seeds Corporation Limited; Maharashtra Hybrid Seeds Company Ltd.; Namdhari Seeds Private Limited; Metahelix Life Sciences Private Limited; Best Genetics India Private Limited; Japan Dietetic Corporation; Kinze Manufacturing Inc.; Limagrain Europe SA; Morepen Laboratories Limited
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Rice Seeds Market Overview
Rice seed refers to a living grain that is used for planting and growing rice. Rice seeds are the unhulled, uncooked grains that are chosen from the rice crop during harvest. These can also be utilized as bioreactors to create human medications such therapeutic proteins or peptides.
Rice Seeds Global Market Report 2023 provides data on the global rice seeds market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The rice seeds market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.