The global rice seed market size reached US$ 6.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.
Rice seed is the whole cereal grain with the outer hull and a single rice kernel. They are commonly available in arborio, basmati, brown, white and jasmine rice seed variants. These seeds are naturally produced through open-pollination or are artificially manufactured using hybrid technologies in long, medium and short grain sizes. The open-pollinated variety (OPV) includes the seeds produced through the natural pollination of the parent rice plant. On the other hand, hybrid seeds include purebred sterile rice seeds fertilized with pollen from a different rice variety. Rice seeds are also available in non-transgenic and transgenic variants, which are genetically modified to enhance the functional properties of the crop.
Rice Seed Market Trends:
The increasing consumption of rice as a staple food crop across the globe is one of the key factors creating a positive outlook for the market growth. With the rising adoption of organic rice-based farming practices, there is an increasing demand for OPV seeds to meet the ever-growing food requirements of the masses. Moreover, the widespread adoption of hybrid rice seeds is providing a thrust to the market growth. Various technological advancements, such as the utilization of microbiology and genomics to produce seeds with inherited resistance to bacterial blight pathogens, are acting as other growth-inducing factors. Product manufacturers are also utilizing silico mapping and arraying technologies for improved analysis of the rice gene and producing desired seed characteristics. Other factors, including significant growth in the agriculture industry, especially in the developing economies, along with the implementation of various crop development programs by the government to promote the cultivation of hybrid seeds, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global rice seed market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, grain size, hybridization technique and treatment.
Breakup by Type:
Breakup by Grain Size:
Breakup by Hybridization Technique:
Breakup by Treatment:
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, Bayer AG, Corteva Inc., Limagrain, Mahyco Private Limited, Nuziveedu Seeds Limited (NSL Group of Companies Pvt Ltd.), Rallis India Limited (Tata Chemicals Limited), Rasi Seeds (P) Ltd., Savannah Seeds Private Limited (RiceTec AG), SL Agritech Corporation, Syngenta Group (China National Chemical Corporation) and UPL Limited.
Base Year of the Analysis
Type, Grain Size, Hybridization Technique, Treatment, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
BASF SE, Bayer AG, Corteva Inc., Limagrain, Mahyco Private Limited, Nuziveedu Seeds Limited (NSL Group of Companies Pvt Ltd.), Rallis India Limited (Tata Chemicals Limited), Rasi Seeds (P) Ltd., Savannah Seeds Private Limited (RiceTec AG), SL Agritech Corporation, Syngenta Group (China National Chemical Corporation) and UPL Limited
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Key Questions Answered in This Report
The global rice seed market was valued at US$ 6.8 Billion in 2022.
We expect the global rice seed market to exhibit a CAGR of 4.8% during 2023-2028.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in various agricultural activities, thereby negatively impacting the global market for rice seed.
The rising consumption of rice as a staple food crop, along with the growing adoption of organic rice-based farming practices to meet the ever-growing food requirements, is primarily driving the global rice seed market.
Based on the type, the global rice seed market has been segmented into open pollinated and hybrid. Currently, hybrid holds the largest market share.
Based on the grain size, the global rice seed market can be categorized into long, medium, and short. Among these, medium currently accounts for the majority of the global market share.
Based on the hybridization technique, the global rice seed market has been segregated two-line system and three-line system, where three-line system currently holds the largest market share.
Based on the treatment, the global rice seed market can be bifurcated into treated and untreated. Currently, untreated exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global rice seed market include BASF SE, Bayer AG, Corteva Inc., Limagrain, Mahyco Private Limited, Nuziveedu Seeds Limited (NSL Group of Companies Pvt Ltd.), Rallis India Limited (Tata Chemicals Limited), Rasi Seeds (P) Ltd., Savannah Seeds Private Limited (RiceTec AG), SL Agritech Corporation, Syngenta Group (China National Chemical Corporation), and UPL Limited.
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