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Rice Seeds Market Analysis, Industry Size, Share, Key Players And Forecast To 2033
Rice Seeds Market
As per the report, 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 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%.
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Navigating The Global Rice Seed Market Amidst Soaring World Population And Food Demand
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.
Technology Breakthroughs Reshaping The Rice Seeds Market
Major corporations operating in the rice seeds sector are progressively seeking to create revolutionary technology in order to boost productivity and rice quality. For instance, in February 2022, Horizon AG, a USA-based organic acids research and development organization collaborated with the University of Arkansas, a USA-based educational institute to launch CLL18, a new rice variety with the Clearfield technology. CLL18 yielded a two-year mean of 221 bushels per acre in the 2020-21 ARPT which is more than the previous versions of the rice seeds. It is earlier in maturity than CLL16 and appears to be well adapted to the coastal region of Louisiana and Texas, making it a good fit for second crop situations.
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
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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
Contents of the report:
1. Executive Summary
2. Rice Seeds Market Report Structure
3. Rice Seeds Market Trends And Strategies
4. Rice Seeds Market - Macro Economic Scenario
5. Rice Seeds Market Size And Growth
…..
27. Rice Seeds Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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