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Rice Seeds Market Trends That Will Shape the Next Decade: Insights from Technology Breakthroughs Reshaping The Rice Seeds Market
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.How Large Will the Rice Seeds Market Size By 2025?
Recently, there has been a significant increase in the market size of rice seeds. It is predicted to graduate from $8.47 billion in 2024 to $9.25 billion in 2025 with a compound annual growth rate (CAGR) of 9.2%. The previously seen growth in this sector is due to factors like population expansion, conventional rice varieties, government guidelines and incentives, as well as environmental circumstances.
How Big Is the Rice Seeds Market Size Expected to Grow by 2029?
In the coming years, significant acceleration is forecasted in the rice seeds market, with the size projected to rise to $13.59 billion by 2029, following a compound annual growth rate (CAGR) of 10.1%. Factors contributing to this anticipated growth include shifts in dietary habits, crop durability and resistance to disease, international trade, globalization, sustainable agriculture, heightened consumer awareness, and measures taken against climate change. The forecast period is also expected to witness a focus on trends such as gene modification, the cultivation of high-yield varieties, digital farming, market diversification and sustainable agricultural practices.
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Which Key Market Drivers Powering Rice Seeds Market Expansion and Growth?
The escalation in global population and the consequent increasing need for food are predicted to boost the expansion of the rice seeds market in the future. Worldometer stats reveal that the worldwide population reached 7.9 billion in 2021 and it is projected to hit 10 billion by 2057. This population surge will add to the demand for food which, in turn, will stimulate the growth of the rice seeds market. To illustrate, the Food and Agriculture Organization of the United Nations (FAO) anticipates that the global demand for food will rise by 70% by 2050. Consequently, the rising worldwide population and its resulting increased need for food are set to steer the growth of the rice seeds market.
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Which Fast-Growing Trends Are Poised to Disrupt the Rice Seeds Market?
Leading companies within the rice seeds industry are consistently striving to engineer transformative technologies to enhance efficiency and rice quality. For instance, Horizon AG, an American organic acids research and development firm joined forces with the University of Arkansas, an American educational institution in February 2022, to introduce CLL18, a new rice genre that utilizes Clearfield technology. Over a two-year period, CLL18 achieved an average of 221 bushels per acre in the 2020-21 ARPT, outperforming past versions of rice seeds. In terms of maturity, it surpasses CLL16 and seems ideally suited for the coastal territories of Louisiana and Texas, positioning it well for secondary crop circumstances.
What Are the Emerging Segments in the Rice Seeds Market?
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
Subsegments:
1) By Open Pollinated Rice Variety: Traditional Varieties, Landrace Varieties
2) By Hybrid Rice Variety: F1 Hybrid Rice Varieties, High-Yield Hybrid Varieties
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Who Are the Global Leaders in the Rice Seeds Market?
Major companies operating in the rice seeds market include 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., 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, Limagrain Europe SA.
Which are the Top Profitable Regional Markets for the Rice Seeds Industry?
Asia-Pacific was the largest region in the rice seeds market in 2024.Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the rice seeds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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