Global Rice Seeds Market to Reach USD 12.71 billion by 2028, By SkyQuest Technology

Farmers and agriculturalists have received a lot of assistance from the government and private groups. Due to the easy availability of agricultural loans, fertilizers, insecticides, contract services, and machinery to fulfill the rising demand, production has expanded. Farmers have been employing knowledge-intensive technologies in addition to obtaining assistance from governmental and nonprofit organizations in the form of technical information required for enhanced crop management practices and greater yields. All of these programs contribute to the creation of high-quality seeds that ensure germination, freedom from weeds and diseases carried by contaminated seeds, crop stands, a better harvest, and more financial success.

The continual scientific advancements in the domains of molecular biology, biotechnology, and genomics have substantially enhanced hybrid rice breeding. Additionally, the expanding public-private partnership (PPP) trend in the production of hybrid rice seeds as well as ongoing investments in research and development have helped to increase the adoption of hybrid seeds, particularly among commercial farmers. All of these elements are predicted to enhance demand for hybrid seeds throughout the projected period.

The availability of limited water and land resources makes the expansion in rice production problematic for farmers. Making rice seeds more productive is the only option to find a solution for this issue. Rice production has stopped or fallen in numerous regions of the world during the past several years, largely as a result of minor increases in the potential rice yield. By developing hybrid seeds, nations may boost their rice output and achieve self-sufficiency in the rice harvest.

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Read Market Research Report, "Global Rice Seeds Market By Type (Open-Pollinated Varieties, Commercial Hybrids), Hybridization Technique (Two-Line and Three-Line), Grain Size (Long, Medium, Short), Treatment (Treated, Untreated Seeds), and Region -Forecast and Analysis 2022-2028" By Skyquest

The Asia Pacific region accounted for more than 75.0% of the income in 2021 due to the fact that rice is a frequent staple food in most Asian countries. In countries like India, Vietnam, Thailand, and Sri Lanka, each individual consumes more than 100 kg of rice annually. More than 520 million individuals in these Asian nations consume rice as more than half of their daily caloric intake. Middle-to-low-income Asian countries including the Philippines, Laos, Myanmar, Bangladesh, and Cambodia will continue to see an increase in the per capita consumption of these products as a staple diet in the future years. For instance, India's exports of rice, including basmati and non-basmati, skyrocketed by a staggering 87 percent to 17.72 million tonnes (MT) in 2020-21 from 9.49 MT in 2019-20. From 6397 million USD in 2019-20 to 8815 million USD in 2020-21, the value of India's rice exports climbed by 38%. From Rs 45379 crore the previous year to Rs 65298 crore in 2020-21, the value of India's rice exports climbed by 44%. In the first seven months of the current fiscal year (2021-22), India's rice exports climbed by more than 33% to 11.79 MT from 8.91 MT from April to October of the previous year. In 2021-2022, India is expected to export more rice than it did in 2020-2021, when it established a record of 17.72 MT.

With a CAGR of 8.9% from 2022 to 2028, Europe is predicted to see the fastest rate of development over the forecast period. The usage of rice in staple dishes has expanded in countries like Italy, Spain, and several Southeastern countries including Bosnia, Romania, Greece, and Turkey. Additionally, it's a key ingredient in many traditional European dishes, particularly Mediterranean cuisine. This ought to raise customer interest in the products.

Long-grained variants are predicted to have the fastest CAGR of 8.9% between 2022 and 2028 due to their use in several delicacies. Some popular long-grain product types are Doongara, Kyeema, Langi, Topaz, Cammalis, Neang Minh, Princess Sari, and Puntal. These grains are long and thin, being four or five times longer than they are broad. One of the most popular long-grained products, basmati is solely grown in Pakistan and India. These ingredients are used to prepare a variety of dishes, including sashimi, pulao, jambalaya, porridge, and dessert.

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The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.

What does this Report Deliver?
Market Estimation for 20+ Countries
Rice Seeds Market demand by Region, Sub-Region, and Country
Customization on Segments, Regions, and Company Profiles
100+ tables, 150+ Figures
Global, Regional and Country specific Rice Seeds Market Trends
Comprehensive Mapping of Rice Seeds Industry Parameters
Attractive Investment Proposition in the Global Rice Seeds Industry
Competitive Strategies Adopted by Rice Seeds Market Key Players
Drivers, Restraints, Opportunities, Challenges and the impact on the Rice Seeds Market Size
Market growth rate till 2028
Regulatory scenario, regional dynamics, and Rice Seeds Market insights of leading countries in each region
In-depth Market insights by Region and Country
Market Segmentation Trend Analysis, Opportunities and Growth
Porter's five force analysis to know the market's condition
Pricing Analysis and Rice Seeds Market Sales
Parent market analysis
Product portfolio benchmarking

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SkyQuest has segmented the Global Rice Seeds Market based on Type, Hybridization Technique, Treatment, Grain Size, and Region:
Global Rice Seeds Market by Product (Revenue, USD Billion, 2021 - 2028)
Hybrid
Open-pollinated Varieties
Global Rice Seeds Market by Hybridization Technique (Revenue, USD Billion, 2021 - 2028)
Two-Line
Three-Line
Global Rice Seeds Market by Treatment (Revenue, USD Billion, 2021 - 2028)
Treated
Untreated
Global Rice Seeds Market by Grain Size (Revenue, USD Billion, 2021 - 2028)
Long
Medium
Small
Global Rice Seeds Market by Region (Revenue, USD Billion, 2021 - 2028)
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Central & South America
Brazil
Rest of CSA
Middle East & Africa
GCC Countries
South Africa
Rest of MEA

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This release was published on openPR.