Latest Report Titled On:- Global Rice Seed Market – Segmented by Geography – Growth, Trends and Forecasts (2018 – 2023)
Global “Rice Seed Market” report provides a detailed analysis of the market from 2018 to 2023. Rice Seed market report focuses on market capacity, share, current market trends and upcoming future predictions. Global Rice Seed Market is expected to register a CAGR of approximately 7.35% during the forecast period of (2018 – 2023).
360 MARKET UPDATES Report provides a 360-degree overview of the global Rice Seed Market with special emphasis on all aspects including CAGR Status, drivers, restraints, and opportunities, market and regional segmentation.
Rice Seed Market Report Covers Leading Manufacturers: Syngenta AG, Bayer Cropscience, DuPont, Long Ping High-Tech , SL Agritech Corporation, Advanta Seeds, Nuziveedu Seeds, Kaveri Seed Company Limited , Mahyco,RiceTec, China National Seed Group Corp, Advanced Chemical Industries, Hefei Fengle Seed Co. Ltd , Rasi Seeds
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The global rice seed market accounted for USD 6276.4 million in 2016. The market is expected to register a CAGR of 7.35% during the forecast period, 2018 to 2023. By market size, Asia-Pacific is the largest in all the regions, with a market share of over 90% followed by Africa, with a market share of 4.95% in 2016. Due to advancements in China and India, Asia-Pacific is also expected to be the fastest growing market during the forecast period
Increasing Trade In Rice Seed
Around 9% of the total rice produced is traded globally. This share has been improving over the years. Rice trade has developed mainly around Asia. Rice in Asia is produced primarily for domestic consumption, but rice deficits are adjusted and supplemented between neighbouring countries. There has been an increase in the number of projects that facilitate rice seed trade. For instance, the project RISTE aims at developing and enabling the environment to promote seeds trade and knowledge sharing on HYV rice seeds between India and Bangladesh. This is likely to benefit both the countries.
Increased Production Of Hybrid Rice
In most countries, more seed companies and NGOs are now involved in hybrid rice seed production, even though many of them are either distributing imported seeds, or producing hybrid seeds with imported parental lines that they have licensed from foreign companies. DuPont Pioneer worked with local farmers in Vietnam to introduce the PHB71 hybrid seed. The hybrid seed has been found to increase yield per hectare, by 30% – 40% compared to the OPV rice seed.
Asia Pacific to Dominate the Market Growth
About 90% of the worlds rice is grown in the Asia-Pacific, which is endowed with the wet environment suitable for rice cultivation. Rice-based farming is the main economic activity for hundreds of millions of poor rural farmers in the region. China is the largest producer and consumer of rice seeds, followed by India and Vietnam.
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Reasons to Purchase Rice Seed Market Report:
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- The authentication mode is likely to witness the highest adoption of these systems in the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
“We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”
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