Rice Seeds Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026
Sarasota, FL -- (SBWIRE) -- 02/26/2019 -- Global Rice Seeds Market: Overview
Rice Seed is widely consumed as a staple food by the large population across the globe in the regions such as Asia. It is the third largest agricultural commodity that is produced after sugarcane and maize.
Global Rice Seeds Market: Growth Factors
The benefits associated with the adoption of commercial rice seeds is a major factor contributing towards the growth of rice seeds market globally. The economic growth witnessed in the emerging economies and the increased R&D expenditure in the farming activities is projected to the enlarge business space.
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Strong support from the government in terms of subsidies for hybrid seeds has encouraged farmers to adopt this technology in developing countries and this, in turn, will steer the market growth in the couple of years. Furthermore, the decline in the costs of hybrid seeds has encouraged key players to invest in the business. This will create new dimensions of growth for rice seeds market across the globe.
Increasing adoption of hybrid seeds and increasing seed replacement rate across the countries of Asia Pacific, particularly in India, Thailand, China, and Vietnam is projected to impact the market growth. However, due to the high prices of hybrid seeds, its adoption has been restricted to these developing countries. Also, lack of skilled professionals and infrastructural facilities in the developing countries for hybridization techniques is projected to hinder the growth potential of this market.
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Global Rice Seeds Market: Segmentation
The global rice seeds market can be classified into Type, Grain Size, Hybridization Technique, and Treatment. Type wise, the market is sectored into hybrid and open-pollinated varieties. On the basis of grain size, the market is segmented into long, medium, and short sizes. On the basis of hybridization technique, the market is divided into two-line and three-line. Based on the treatment, the market is sectored into treated and untreated seeds.
Global Rice Seeds Market: Regional Analysis
Based on regions, the global rice seeds market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Asia Pacific is likely to contribute notably towards the rice seeds market share in over the coming years. The growth can be attributed to the high adoption of commercial open-pollinated varieties and hybrid rice seeds over farm-saved seeds to increase rice yield in countries such as China, India, and Thailand. Development of improved hybrid seeds and the subsidy benefits provided by the government to encourage adoption of hybrid seeds over farm-saved or OPV seeds have contributed remarkably towards the growth for the regional market. In addition, growing use of hybrid seeds by the farmers will further catalyze the market growth in the region. Increase in the number of projects encouraging rice trade will further augment the market scope in the APAC region.
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North America is likely to follow the APAC region in terms of growth. Europe and LATAM are projected to have huge market growth potential.
Global Rice Seeds Market: Competitive Players
Some of key players in rice seeds market are Bayer (Germany), DowDuPont (US), Syngenta (Switzerland), Advanta Seeds (UPL) (India), and Nuziveedu Seeds (India). Some of the emerging players in the rice seeds market include Mahyco (India), BASF (Germany), Kaveri Seeds (India), SL Agritech (Philippines), Rasi seeds (India), Rallis (India), JK Seeds (India), Hefei Fengle (China), LongPing (China), Guard Agri (Pakistan), and National Seeds Corporation (India).
Global Rice Seeds Market: Regional Segment Analysis
The Asia Pacific
The Middle East and Africa