Overview and Scope
Rice seed refers to a living grain that is used for planting and growing rice. Rice seeds are the unhulled, uncooked grains that are chosen from the rice crop during harvest. These can also be utilized as bioreactors to create human medications such therapeutic proteins or peptides.
Sizing and Forecast
The rice seeds market size has grown strongly in recent years. It will grow from $7.82 billion in 2023 to $8.53 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to population growth, traditional rice varieties, government policies and subsidies, environmental factors.
The rice seeds market size is expected to see strong growth in the next few years. It will grow to $12.21 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to changing dietary preferences, crop resilience and disease resistance, trade and globalization, sustainable agriculture, consumer awareness, climate change mitigation. Major trends in the forecast period include genetic engineering, adoption of high-yield varieties, digital agriculture, market diversification, sustainable farming practices.
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Segmentation & Regional Insights
The rice seeds market covered in this report is segmented –
1) By Type: Open Pollinated Rice Variety, Hybrid Rice Variety
2) By Treatment: Treated, Untreated
3) By Hybridization Technique: Two-Line System, Three-Line System
4) By Grain Size: Long Grain Rice, Medium Grain Rice, Short Grain Rice
5) By Application: Agricultural Planting, Scientific And Research Planting
Asia-Pacific was the largest region in the rice seeds market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the rice seeds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growing world population and the subsequent surging demand for food are expected to propel the growth of the rice seeds market going forward. According to the Worldometer, the global population in 2021 was 7.9 billion and is expected to reach 10 billion by 2057. The increasing population will increase the demand for food which in turn promotes the growth of the rice seeds market. For instance, according to the Food and Agriculture Organization of the United Nations (FAO), world food demand is expected to increase by 70% by 2050. Therefore, the growing global population and the subsequent surging demand for food will drive the rice seeds market.
Key Industry Players
Major companies operating in the rice seeds market report are Bayer AG, Syngenta Group, Advanta Seeds Pty Ltd, Nuziveedu Seeds, Mahyco, BASF SE, Kaveri Seeds Co Ltd, SL Agritech Corporation, Rasi Seeds Pvt. Ltd., Rallis India Limited, JK Agri Genetics Limited, Hefei Fengle Seed Co. Ltd., Corteva Agriscience, Guard Agri Genetics, Savannah Seeds Private Limited, Pioneer Hi-Bred International Inc., Krishidhan Seeds Pvt. Ltd., Nath Biogene (I) Ltd., Seminis Vegetable Seeds Inc., Seed Co Limited, Biostadt India Limited, Takii & Co. Ltd., National Seeds Corporation Limited, Maharashtra Hybrid Seeds Company Ltd., Namdhari Seeds Private Limited, Metahelix Life Sciences Private Limited, Best Genetics India Private Limited, Japan Dietetic Corporation, Kinze Manufacturing Inc., Limagrain Europe SA, Morepen Laboratories Limited
The rice seeds market report table of contents includes:
1. Executive Summary
2. Rice Seeds Market Characteristics
3. Rice Seeds Market Trends And Strategies
4. Rice Seeds Market – Macro Economic Scenario
5. Global Rice Seeds Market Size and Growth
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26. South America Rice Seeds Market
27. Brazil Rice Seeds Market
28. Middle East Rice Seeds Market
29. Africa Rice Seeds Market
30. Rice Seeds Market Competitive Landscape And Company Profiles
Top Major Players:
- Bayer AG
- Syngenta Group
- Advanta Seeds Pty Ltd
- Nuziveedu Seeds
- Mahyco
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