What Has Been the Growth Trajectory for the Rice Seeds Market in Recent Years?
The rice seeds market has seen considerable growth due to a variety of factors.
• In recent times, the market size for rice seeds has experienced substantial growth, and it's projected that it will escalate from $8.47 billion in 2024 to $9.25 billion in 2025 with a compound annual growth rate (CAGR) of 9.2%.
Factors such as population expansion, traditional rice variants, governmental regulations and financial aid, along with environmental conditions, have all contributed to the growth observed in the past years.
How Does the Forecast Look for the Rice Seeds Market?
The rice seeds market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the rice seeds market is projected to experience swift expansion. The prediction is that by 2029, its value will reach $13.59 billion, growing at a compound annual growth rate (CAGR) of 10.1%.
The expected augmentation during this forecast period is primarily due to shifts in dietary choices, resilience and resistance to disease in crops, trade and globalisation, sustainable agricultural practices, climate change mitigation, and heightened consumer awareness. Key market trends during this period will include genetic manipulation, the uptake of high-yield variations, digital agricultural methods, market diversification, and adherence to sustainable farming practices.
What Are the Critical Driver Fuelling the Rice Seeds Market's Growth?
The escalating global population and consequent increased demand for food are predicted to boost the progress of the rice seeds market in the future. Data from Worldometer suggests that the worldwide population in 2021 stood at 7.9 billion and it is projected to hit the 10 billion mark by 2057. This population surge will naturally boost the demand for food, and this will, in essence, stimulate the development of the rice seeds market. For example, the Food and Agriculture Organization of the United Nations (FAO) predicts that the global demand for food will rise by 70% by 2050. Therefore, the mounting worldwide population and the resulting increased demand for food are set to fuel the rice seeds market.
How Is the Rice Seeds Market segmented?
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
Subsegments:
1) By Open Pollinated Rice Variety: Traditional Varieties, Landrace Varieties
2) By Hybrid Rice Variety: F1 Hybrid Rice Varieties, High-Yield Hybrid Varieties
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What New Trends Are Influencing the Rice Seeds Market?
Major firms in the rice seeds industry are increasingly developing ground-breaking technology to enhance productivity and the quality of rice. In February 2022, Horizon AG, an American organization specializing in organic acids research and development, partnered with the University of Arkansas, an educational institution in the USA, to introduce CLL18, a novel rice variety leveraging Clearfield technology. CLL18 recorded a two-year average of 221 bushels per acre in the 2020-21 ARPT, surpassing previous rice seed versions. It reaches maturity sooner than CLL16 and seems to be well-suited to the coastal areas of Louisiana and Texas, indicating that it is an ideal match for second crop scenarios.
Who Are the Key Players in the Rice Seeds Market?
Major companies operating in the rice seeds market include:
• 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.
• 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
• Limagrain Europe SA.
What Is The Most Dominant Region In The Rice Seeds Market?
Asia-Pacific was the largest region in the rice seeds market in 2024.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
