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The global rice seed market was valued at US$ 6.4 Billion in 2021.
We expect the global rice seed market to exhibit a CAGR of 6.4% during 2022-2027.
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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