Asia Pacific hybrid rice seeds market was valued at around US$ 1,2 million in 2017

The Asia Pacific hybrid rice seeds market was valued at around US$ 1,2 million in 2017 and is expected to register a CAGR of over 6.4%.

Demand for rice seed is expected to increase as rice is a staple medium in many Asian countries, and this along with a rapidly growing population and increasing economic developments are factors placing increasing pressure on farmers to increase crop yield and production.

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Manufacturing companies are focusing on developing hybrid rice seeds that are more resistant to various diseases and environmental stress, which is expected to drive demand for hybrid rice seeds over the forecast period.

High cost of hybrid rice seed and these rice seeds require additional labor as compared to normal rice during cultivation, which are expected to be major factors restraining market growth. Additional labor cost is incurred due to several procedures involved in production of these seeds, which include thin and row planting, filling gaps, GA3 application, roguing, manual harvesting, and cleaning. Moreover, Hybrid rice seed production is more complex than that of regular rice.

On the basis of type segmentation, 2-line breeding system segment is expected to contribute major revenue share and is expected to maintain its dominance over the forecast period. 2-line breeding systems involves A-line and R-line in cross of hybrid rice seed production.

Asia Pacific market is expected to dominate the hybrid rice seed market, and it accounts for largest market revenue over US$ 834.0 Mn in 2017 as compared to that of markets in other regions.

China is expected to be world’s largest hybrid rice seed manufacturer and consumer. ndia is expected to be fastest growing country in the Asia Pacific hybrid rice seed market. India majorly exports hybrid rice seeds to Asian and African countries.

The Philippines is the largest importer of hybrid rice seed from India, followed by Indonesia and Nepal. According to Food and Fertilizer Technology Center, 90% of hybrid rice seeds in the Philippines are being distributed by the government through its Hybrid Rice Commercialization Program (HRCP).

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