Industry Background:
Rice is the seed of the grass species that is extensively cultivated as a source of food worldwide. For instance, According to the International Seed Federation (ISF), rice accounted for more than 5% of the global commercial seeds market in 2014. In addition, it is the main crop for more than half of the world’s population. China and India, alone, account for more than 50% of the rice grown and consumed. Hence, the rise in global population, especially in Asia-Pacific countries such as China & India and rising disposal income, are some of the major factors which affect the growth of the market in the future.
According to AMA, the market for Rice Seeds is expected to register a CAGR of 5.68% during the forecast period to 2026. This growth is primarily driven by Increase in Seed Replacement Rate and Improved Varieties of Hybrid Seeds for Rice and Growing adoption of hybrid seeds and rising seed replacement rate across the countries of the Asia Pacific such as China, India, Thailand, Vietnam, and others.
Globally, a noticeable market trend is evident The advent of New Technologies such as Hybrid Technology as well as Molecular Breeding. The Agricultural Products sector in the Asia-Pacifc region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Bayer (Germany), DowDuPont (United States), Syngenta (Switzerland), Advanta Seeds (UPL) (India), Nuziveedu Seeds (India), Mahyco (India), BASF (Germany), Kaveri Seeds (India), SL Agritech (Philippines) and Rasi seeds (India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In January 2018, the Bayer Company has launched a first-of-its-kind hybrid rice seed, Arize AZ 8433 DT with strong inbuilt tolerance to Brown Plant Hopper (BPH) and Bacterial Leaf Blight (BLB). Hence, this acquisition will help in strengthening the position of the company in the future.
Market Drivers
- Increase in Seed Replacement Rate and Improved Varieties of Hybrid Seeds for Rice
- Growing adoption of hybrid seeds and rising seed replacement rate across the countries of the Asia Pacific such as China, India, Thailand, Vietnam, and others
Market Trend
- The advent of New Technologies such as Hybrid Technology as well as Molecular Breeding
Restraints
- Low Margin for Industrial Crops and Government Regulations on Genetic Modifications
Opportunities
Rising Demand from Emerging Economics such as Brazil, China, India, and others and Government Initiatives to Expand the Rice Seeds Market
Challenges
Commercialization of Fake Hybrid Rice Seeds as well as Counterfeit of Products and Lack of Skilled Professionals and Infrastructural Facilities in the Developing Countries
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Rice Seeds Study Sheds Light on
The Rice Seeds Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Rice Seeds industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Rice Seeds industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.