What is the global market size of Rice Seeds Market?

Rice Seeds Market size was valued at USD 6.69 billion in 2021 and is poised to grow from USD 7.14 billion in 2022 to USD 12.8 billion by 2030, growing at a CAGR of 6.7% in the forecast period (2023-2030).

Who are the key vendors in the Global Rice Seeds Market?

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. 'Bayer AG', 'BASF SE', 'Syngenta AG', 'Dow AgroSciences LLC', 'DuPont de Nemours, Inc.', 'Nuziveedu Seeds Ltd.', 'Mahyco Seeds Company Limited', 'RiceTec AG', 'Krishidhan Seeds Pvt. Ltd.', 'Advanta Limited', 'SL Agritech Corporation', 'Hefei Fengle Seed Co. Ltd.', 'China National Seed Group Corporation', 'Longping High-Tech Agriculture Co. Ltd.', 'JK Agri Genetics Ltd.', 'Monsanto Company', 'Takii & Co. Ltd.', 'Kaveri Seed Company Limited', 'Sakata Seed Corporation', 'Rasi Seeds (P) Ltd.'

What is the key driver of Global Rice Seeds Market?

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.

What is the key market trend for Global Rice Seeds Market?

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.

Which region accounted for the largest share in Rice Seeds Market?

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.

Sand Screening Machines Market Size, Share, Growth Analysis, By Equipment type(Earthmoving Equipment, Cranes, Material Handling Equipment, Concrete Equipment), By Application(Residential, Commercial, Industrial), By Region - Industry Forecast 2024-2031

Report ID: SQSG15F2010 | Region: Global | Published Date: April, 2024
Pages: 266 | Tables: 68 | Figures: 65

Sand Screening Machines Market Insights

Sand Screening Machines Market Size was valued at USD 749.6 million in 2019, and it is expected to reach a value of USD 1159.52 million by 2031, at a CAGR of 6.43% over the forecast period (2024-2031).

Globally, the cost of gas and oil is rising steadily. This is one of the main elements influencing the market for sand screens. In the oil and gas business, sand screens are crucial to the sand screening process. Sand screens are becoming more and more in demand as a result of the current uptick in onshore and offshore exploration activity. The market for sand screens is growing as a result. The COVID-19 pandemic had a negative effect on the market in 2019 since construction stopped everywhere in the world. Due to rising trade tensions with China, one of the market's major countries, the market is predicted to be volatile over the coming years. The supply chain has been disrupted by the industrial slowdown brought on by the COVID 19 epidemic. The full-scale activities of market players are expected to be hampered by a disruption in the supply of raw materials.

In the oil and gas business, sand control screens are inserted in underground drills to enable the flow of oil and gases while preventing the entry of sand and other tiny particles. This is done for deep underground operations or shale gas production. The production or intrusion of sand poses a significant difficulty to oil and gas producers during well drilling and completion. Drilling operations add to the tensions already present on the earth's surface, causing rocks to crumble and sand particles to develop. These sand fragments can cause erosion in the drilling and production equipment, down-hole cavities, and tube blockages. The production process might be badly affected by this. In certain rare circumstances, sand buildup can seriously damage down-hole machinery and possibly result in blowouts. During drilling operations, sudden, dramatic variations in tension and pressure can potentially cause the casing to collapse. Making sure that natural gas and crude oil are produced without sand is crucial for avoiding this. For the well to function properly and to maintain its production, sand control screens are essential for filtering out sand particles. Sand control screens are expected to expand in popularity due to the global oil and gas industry's continued expansion.

US Sand Screening Machines Market is poised to grow at a sustainable CAGR for the next forecast year.

Sand Screening Machines Market Report Snapshots

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The top sand screening machines market participants have a wide geographic reach and a wide range of products to meet a variety of consumer wants. Industry players are spending a lot of money on R&D in order to introduce new equipment and increase their profitability in this potential market. 'Sany(China)', 'Caterpillar(US)', 'Komatsu(Japan)', 'Hitachi(Japan)', 'Sandvik (Sweden)', 'Liebherr (Germany)', 'XCMG(China)', 'Doosan infracore(South Korea)', 'John Deere(US)', 'JCB(UK)'

Sand screen has high production performance and sand control reliability in open hole, so it may be utilized as an alternative to gravel packing for sand control. In both open hole and cased hole applications, sand screen is economically advantageous. Sand screens are inexpensive to maintain and have a long lifespan. The sand screen market is anticipated to grow as a result in the near future. Oil and gas quality is improved with the use of sand screens. In situations containing natural gas and crude oil, it gives corrosion resistance. Because of its mechanical stability and weld integrity, sand screen aids in maintaining a sturdy structure without changing pore size during installation.

The market for sand control equipment is expected to rise as a result of an increase in drilling operations around the world, high offshore rig rates, increased oil and gas production, an increase in the number of wells, and ease of drilling and gas production, among other factors. The gadgets that aid in mixing and excluding sand forms during the hydrocarbon extraction process make up the sand control equipment. The system plays one of the most crucial roles in the total completion process because it is utilized to improve well's productivity and performance. The technology also aids in the eradication of issues like down-hole cavities and hardware erosion.

Asia Pacific will dominate the world sand screening machines market. This might be attributed to the region's ongoing increase in construction activity as well as investments made by significant regional businesses to boost their production capacity. Additionally, the majority of the significant competitors in the sand screen industry are concentrated in this area. The Asia Pacific sand screen market is thus being driven by the increase in construction activities in developed nations like Japan and Korea as well as rising economies like India, Malaysia, and Indonesia. Latin America and the Middle East & Africa are two more major markets for sand screening equipment. Sand screen demand is increasing throughout the Middle East, Africa, and Latin America due to the presence of capital-intensive businesses and cheap labour costs in these regions. On the other hand, the sand screening machines market in North America and Europe is growing steadily. Additionally, businesses in the sand screen industry are moving their manufacturing operations to emerging markets. Therefore, in the upcoming years, these areas are anticipated to show only minor volatility.

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Sand Screening Machines Market Size, Share, Growth Analysis, By Equipment type(Earthmoving Equipment, Cranes, Material Handling Equipment, Concrete Equipment), By Application(Residential, Commercial, Industrial), By Region - Industry Forecast 2024-2031

Sand Screening Machines Market Insights

Sand Screening Machines Market Report Snapshots

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What is the market size of Sand Screening Machines Market?

Who are the key vendors in the Sand Screening Machines Market?

What is the key driver of Sand Screening Machines Market?

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Which region accounted for the largest share in Sand Screening Machines Market?

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