The new report by Expert Market Research titled, ‘Global Rice Seeds Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global rice seeds market assessing the market based on products, grain size and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2021-2027)
- Historical Market Size (2021): USD 6.69 Billion
- Forecast CAGR (2022-2027): 6.70%
- Forecast Market Size (2027): USD 9.88 Billion
Continuous technical improvements in molecular biology and biotechnology have led to hybrid rice breeding, which may drive the rice seeds market growth throughout the forecast period. Farmers in Asia-Pacific employ the hybrid rice production technique extensively, resulting in increasing hybrid rice seed output in this area. The biggest rice seed producers are increasing their operations in Asian nations. Farmers have been encouraged to use hybrid breeding technology by the government’s strong support in giving subsidies for hybrid seeds.
Industry Definition and Major Segments
Rice is a staple cuisine in many nations, particularly in Asia-Pacific. Rice is the seed from Oryza glaberrima also called Oryza sativa, which is a grass species. Rice seeds are also employed as bioreactors to produce human pharmaceuticals including peptides and therapeutic proteins.
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The major products of rice seeds are:
- Hybrid
- Open-Pollinated Varieties
The market can be broadly categorised on the basis of its grain sizes into:
- Long
- Medium
- Short
On the Basis of region, the market can be divided into:
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
Market Trends
Long grain rice seeds are said to be the most broadly distributed by seed size. This is due to the high rate of cultivation in several North American and Asian countries. The restricted use of small grain rice in the food business is also helping to propel the proliferation of these seeds. For example, in Asian nations, Basmati and jasmine are two long-grain rice types that are widely exported and have economic significance from the standpoint of rice millers in terms of pricing value.
The Asia Pacific region holds the largest market share. The region is a significant consumer and producer of rice across the world, and a lack of arable land has motivated farmers to increase the output of their crops. In this location, new technologies like hybrid and certified seeds are increasingly becoming more popular. Because rice production in other parts of the world is relatively low, the Asia Pacific market is expected to increase at a steady pace over the forecast period, and it is expected to be the fastest-growing area.
Key Market Players
The major players in the market are SeedWorks International Pvt. Ltd., Savannah Seeds Private Limited, Bayer CropScience Limited, Nuziveedu Seeds Limited (NSL), and Pan Seeds Pvt. Ltd. among others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
