Global Rice Seeds Market

Global Rice Seeds Market Size, Share, Growth Analysis, By Type(Open-Pollinated Varieties, Commercial Hybrids), By Hybridization(Two-Line, Three-Line), By Grain Size(Small, Medium), By Treatment(Treated, Untreated) - Industry Forecast 2022-2028


Report ID: SQSG30H2015 | Region: Global | Published Date: August, 2022 | Pages: 157

Global Rice Seeds Market Insights

Global rice seeds market was valued at USD 7.81 billion in 2021, and it is expected to reach a value of USD 12.71 billion by 2028, at a CAGR of more than 7.2% over the forecast period (2022–2028).

Rice is made from the seed of the grass Oryza sativa, sometimes known as Asian rice, or the less common Oryza glaberrima (African rice). Although the phrase may sometimes be used to refer to wild or uncultivated variants of Oryza, wild rice is typically used to refer to species of the genera Zizania and Porteresia.

In various Asian nations, including India, China, Vietnam, and Malaysia, brown rice consumption has increased during the past several years. Brown rice is far healthier than regular commercial alternatives, according to a medical study. In addition to having 218 calories per cup, brown rice also has 44 grams of carbohydrates, 3.5 grams of fiber, 1.8 grams of fat, and 5 grams of protein. Additionally, it contains vitamin B1, B3, B5, B6, selenium, iron, magnesium, phosphorus, zinc, copper, manganese, and vitamin E. Due to its high fiber and low-calorie content, this variety of rice is strongly advised for diabetes patients as an alternative to ordinary rice.

The market is expanding more quickly as a result of the rising cost of premium seeds. One of the causes is the help provided by public and private entities to farmers and agriculturalists. The market is being further improved by the expanded selection of hybrid rice seed alternatives as well as the simple accessibility of agricultural loans, contract services, pesticides, fertilizers, and machinery. Rising consumer demand for higher-quality rice crops, rising consumer knowledge of the benefits of eating healthy, rising hybrid crop farming for higher rice production, and an increase in the rate of seed replacement are all factors that are positively affecting the rice seed market. During the anticipated period, the rice seed market would develop at a faster rate due to new technologies and an increase in exports of rice seed types.

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Global Rice Seeds Market Segmental Analysis

Global rice seeds market is segmented based on the product, hybridization, grain size, treatment, and region. Based on product, the global rice seeds market is segmented into open-pollinated varieties and commercial hybrids. Based on the hybridization technique, the global rice seeds market is segmented into two-line and three-line. Based on grain size the global rice seeds market is segmented into long, medium, and short. Based on treatment, the global rice seeds market is segmented into treated, and untreated seeds. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Analysis by Product

In 2021, hybrid items had the highest revenue share (more than 60.0%). The market growth is anticipated to benefit from the growing popularity of cross-breed categories because to their many benefits, including increased yield, vigor, and resistance to pests and disease. Additionally, the majority of countries that produce grains have developed mechanisms for the manufacturing and distribution of hybrid seeds, as well as efficient procedures for quality control.

It has been noted that hybrid goods outperform traditional variations in terms of yield by more than 40.0%. In comparison to conventional kinds, hybrid seeds are substantially less needed for a given yield. In addition, hybrid goods have greater average productivity and overall return on input expenses than conventional ones. By 2028, there will likely be a huge rise in demand for rice, necessitating more production as well, which is another reason hybrid varieties are being used.

Analysis by Grain Size

In 2021, the rice seed market's highest revenue share, at over 45.0%, belonged to medium-sized grains. These varieties are juicy, soft, and just a little chewy, and they grow two or three times longer than they do in breadth. They have a sticky texture and consistency when cooked, and Southeast Asian nations favor them. Due to their capacity to absorb flavors and liquids, two common types of medium grain rice, Arborio, and Valencia are perfect for preparing risotto. They can also be used to make fried rice balls or arancini. Paella, a rice dish from Valencia, is made using another sort of rice called bomba.

Due to its use in numerous delicacies, long-grained versions are anticipated to have the quickest CAGR of 8.9% between 2022 and 2028. Doongara, Kyeema, Langi, Topaz, Cammalis, Neang Minh, Princess Sari, and Puntal are a few of the well-known long-grain product kinds. These grains are four or five times longer than they are wide, making them long and thin. Basmati is one of the most well-known long-grained products and is only cultivated in Pakistan and India. These are used to make a variety of cuisines, including pudding, pulao, jambalaya, porridge, biryani, and sashimi.

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Global Rice Seeds Market Regional Insights

As rice is a common staple meal in most Asian nations, the Asia Pacific region accounted for more than 75.0% of the income in 2021. In nations like India, Vietnam, Thailand, and Sri Lanka, more than 100 kilograms of rice are used yearly per person. In these Asian countries, more than 520 million people get more than 50% of their calories from rice. In the upcoming years, the per capita consumption of these goods as a staple diet will continue to rise in middle-to-low-income Asian nations, such as the Philippines, Laos, Myanmar, Bangladesh, and Cambodia. For example, India's rice exports (basmati and non-basmati) increased dramatically by a whopping 87 percent to 17.72 million tonnes (MT) in 2020–21 from 9.49 MT in 2019–20. India's rice exports increased by 38% in value to 8815 million USD in 2020–21 from 6397 million USD recorded in 2019–20. India's rice exports increased in value by 44% to Rs 65298 crore in 2020–21 from Rs 45379 crore the year before. India's rice exports increased by more than 33% to 11.79 MT in the first seven months of the current fiscal year (2021–22) from 8.91 MT during April–October 2020–21. It is predicted that India would export more rice in 2021–22 than it did in 2020–21, when it set a record of 17.72 MT. India sent non-basmati rice to nine nations in 2020–21, including Timor–Leste, Puerto Rico, Brazil, Papua New Guinea, Zimbabwe, Burundi, Eswatini, Myanmar, and Nicaragua, while preceding shipments were of a lower scale or had not yet been made.

Europe is anticipated to see the quickest rate of growth over the projection period, with a CAGR of 8.9% from 2022 to 2028. In nations like Italy, Spain, and many Southeastern nations including Bosnia, Romania, Greece, and Turkey, the use of rice in staple foods has increased. Additionally, it plays a significant role in a number of classic European recipes, especially Mediterranean food. This should increase consumer demand for the goods.

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Global Rice Seeds Market Dynamics

Driver

  • In the upcoming years, it is projected that the need for rice to meet rising food consumption would increase due to the growing global population. However, the growth in rice production presents a problem for farmers because of the availability of constrained water and land resources. The only way to solve this problem is to make rice seeds more productive. Due mostly to slight increases in the potential rice output, rice productivity has either stalled or decreased in several parts of the world during the previous few years. A way for nations to increase rice yield and attain self-sufficiency in rice production is through the creation of hybrid seeds.
  • Hybrid rice breeding has significantly improved as a result of the molecular biology, biotechnology, and genomics fields' ongoing technical developments. Additionally, the continued investments in research and development as well as the growing public-private partnership (PPP) trend in the manufacturing of hybrid rice seeds have contributed to the greater acceptance of hybrid seeds, particularly among commercial farmers. During the projection period, all of these factors are expected to increase demand for hybrid seeds.

Restraint

  • Hybrid rice has not yet been widely adopted because of issues including lengthy regulatory approval processes and significant R&D expenses. Due to the constant adjustments and changes in law enforcement that are governed by the new rules and regulations established by the government, the regulatory approvals take a long time to complete. For instance, a seed bill that undermines both the rights of farmers and the sovereignty and independence of seeds was approved in India in 2019. These elements cause conflicts between farmers and the government, which hurts the seed industry as a whole. Another factor hindering the market's performance is the high cost of R&D.

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Global Rice Seeds Market Competitive Landscape

The global rice seeds market is relatively fragmented, with a high level of competition. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions.

Top Players in the Global Rice Seed Market

  • BASF SE (Germany)
  • Bayer AG (Germany)
  • E. I. du Pont de Nemours and Company (US)
  • Guard Rice Mills (Pakistan)
  • Kaveri Seed Company Ltd (India)
  • Maharastra Hybrid Seeds Company Private Limited (Mahyco) (India)
  • Nuziveedu Seeds Ltd. (NSL) (India)
  • Rallis India Limited (India)
  • Rasi Seeds (P) Ltd. (India)
  • SL Agritech Corporation (Asia)

Recent Developments

  • In August 2022, in order to deter merchants from importing rice arriving during the harvest season, President Ferdinand Marcos Jr. was encouraged by the farmer and think tank organizations to ultimately abolish the Rice Tariffication Law (RTL) and levy a 180 percent tariff on imported rice. Farmers' organizations Alliance for Resilience, Sustainability, and Empowerment (ARISE) and National Movement for Food Sovereignty urged Marcos to amend the RTL, or Republic Act 11203, to re-impose state regulation and control over domestic rice trade, with input from academics and think tank groups.
  • In May 2022, Bayer joined other like-minded businesses in the private sector by signing the Zero Hunger Private Sector Pledge and committing 160 million US dollars to the fight against world hunger. The Pledge acknowledges the necessity of governments and the private sector working together to solve food shortages in the context of the UN Food Systems Summit of 2021 and as a member of the Summit's Zero Hunger Coalition.

Global Rice Seeds Key Market Trends

  • Government and corporate entities have been giving farmers and agriculturalists a lot of help. Production has increased as a result of the simple accessibility of agricultural credits, fertilisers, pesticides, contract services, and machinery to meet the increasing demand. In addition to receiving help from governmental and nonprofit groups in the form of technical information necessary for improved crop management methods and increased yields, farmers have also been using knowledge-intensive technologies. All of these initiatives help to produce high-quality seeds that guarantee germination, freedom from weeds and illnesses spread by infected seeds, crop stands, a better harvest, and more financial success.

Global Rice Seeds Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global rice seeds market analysis, in terms of type, the hybrid segment held the largest share in the global rice seeds market. The global rice seeds market growth is anticipated to benefit from the growing popularity of cross-breed categories because of their many benefits, including increased yield, vigor, and resistance to pests and disease. In terms of grain size, the medium grain size held the largest share in the global rice seeds market. These varieties are juicy, soft, and just a little chewy, and they grow two or three times longer than they do in breadth. And by region, the Asia-Pacific region held the largest share in the global rice seeds market. In nations like India, Vietnam, Thailand, and Sri Lanka, more than 100 kilograms of rice are used yearly per person.

Report Metric Details
Market size value in 2021 USD 7.81 billion
Market size value in 2028 USD 12.71 billion
Growth Rate more than 7.2%
Base year 2021
Forecast period 2022–2028
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Open-Pollinated Varieties, Commercial Hybrids
  • Hybridization
    • Two-Line, Three-Line
  • Grain Size
    • Small, Medium, Large
  • Treatment
    • Treated, Untreated
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • BASF SE (Germany)
  • Bayer AG (Germany)
  • E. I. du Pont de Nemours and Company (US)
  • Guard Rice Mills (Pakistan)
  • Kaveri Seed Company Ltd (India)
  • Maharastra Hybrid Seeds Company Private Limited (Mahyco) (India)
  • Nuziveedu Seeds Ltd. (NSL) (India)
  • Rallis India Limited (India)
  • Rasi Seeds (P) Ltd. (India)
  • SL Agritech Corporation (Asia)
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Rice Seeds Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Rice Seeds Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Rice Seeds Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Rice Seeds Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Rice Seeds Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Rice Seeds Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global rice seeds market was valued at USD 7.81 billion in 2021, and it is expected to reach a value of USD 12.71 billion by 2028, at a CAGR of more than 7.2% over the forecast period (2022–2028).

The global rice seeds market is relatively fragmented, with a high level of competition. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions. 'BASF SE (Germany)','Bayer AG (Germany)','E. I. du Pont de Nemours and Company (US)','Guard Rice Mills (Pakistan)','Kaveri Seed Company Ltd (India)','Maharastra Hybrid Seeds Company Private Limited (Mahyco) (India)','Nuziveedu Seeds Ltd. (NSL) (India) ','Rallis India Limited (India)','Rasi Seeds (P) Ltd. (India)','SL Agritech Corporation (Asia)'

In the upcoming years, it is projected that the need for rice to meet rising food consumption would increase due to the growing global population. However, the growth in rice production presents a problem for farmers because of the availability of constrained water and land resources. The only way to solve this problem is to make rice seeds more productive. Due mostly to slight increases in the potential rice output, rice productivity has either stalled or decreased in several parts of the world during the previous few years. A way for nations to increase rice yield and attain self-sufficiency in rice production is through the creation of hybrid seeds.

Government and corporate entities have been giving farmers and agriculturalists a lot of help. Production has increased as a result of the simple accessibility of agricultural credits, fertilisers, pesticides, contract services, and machinery to meet the increasing demand. In addition to receiving help from governmental and nonprofit groups in the form of technical information necessary for improved crop management methods and increased yields, farmers have also been using knowledge-intensive technologies. All of these initiatives help to produce high-quality seeds that guarantee germination, freedom from weeds and illnesses spread by infected seeds, crop stands, a better harvest, and more financial success.

As rice is a common staple meal in most Asian nations, the Asia Pacific region accounted for more than 75.0% of the income in 2021. In nations like India, Vietnam, Thailand, and Sri Lanka, more than 100 kilograms of rice are used yearly per person. In these Asian countries, more than 520 million people get more than 50% of their calories from rice. In the upcoming years, the per capita consumption of these goods as a staple diet will continue to rise in middle-to-low-income Asian nations, such as the Philippines, Laos, Myanmar, Bangladesh, and Cambodia. For example, India's rice exports (basmati and non-basmati) increased dramatically by a whopping 87 percent to 17.72 million tonnes (MT) in 2020–21 from 9.49 MT in 2019–20. India's rice exports increased by 38% in value to 8815 million USD in 2020–21 from 6397 million USD recorded in 2019–20. India's rice exports increased in value by 44% to Rs 65298 crore in 2020–21 from Rs 45379 crore the year before. India's rice exports increased by more than 33% to 11.79 MT in the first seven months of the current fiscal year (2021–22) from 8.91 MT during April–October 2020–21. It is predicted that India would export more rice in 2021–22 than it did in 2020–21, when it set a record of 17.72 MT. India sent non-basmati rice to nine nations in 2020–21, including Timor–Leste, Puerto Rico, Brazil, Papua New Guinea, Zimbabwe, Burundi, Eswatini, Myanmar, and Nicaragua, while preceding shipments were of a lower scale or had not yet been made.

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Global Rice Seeds Market

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