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Emerging Trends to Drive Rice Seeds Market Growth at 10.1% CAGR Through 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Rice Seeds Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a significant increase in the size of the rice seeds market. It is projected to expand from $8.47 billion in 2024 to $9.24 billion in 2025, with a compound annual growth rate (CAGR) of 9.2%. Factors such as population growth, traditional rice varieties, government protocols and subsidies, as well as environmental conditions, have contributed to this growth during the historic period.
How Will the Rice Seeds Market Size Evolve and Grow by 2029?
Expectations are high for the rice seeds market to experience rapid expansion in the coming years. By 2029, its value is projected to reach $13.57 billion with a compound annual growth rate (CAGR) of 10.1%. The growth predicted within this forecast period is linked to shifts in dietary preferences, enhanced crop resilience and disease resistance, the influences of trade and globalization, the move towards sustainable agriculture, increased consumer awareness, and initiatives for climate change mitigation. The forecast period will likely witness trends such as genetic engineering, the use of high-yield varieties, digital farming, market diversification, and the implementation of sustainable agricultural practices.
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What Drivers Are Propelling the Growth of Rice Seeds Market Forward?
The escalation in the world population and the corresponding rise in the need for food are predicted to fuel the expansion of the rice seeds market in the future. Worldometer reported that in 2021 the worldwide population was 7.9 billion and it is projected to hit 10 billion by 2057. This population growth will intensify the demand for food, which consequently bolsters the development of the rice seeds market. For example, the Food and Agriculture Organization of the United Nations (FAO) forecasts that the global food demand will rise by 70% by 2050. Consequently, the escalating global population and the corresponding increase in food needs will stimulate the rice seeds market.
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What Are the Key Trends Driving Rice Seeds Market Growth?
Prominent companies in the rice seeds industry are increasingly focusing on advancing technology to enhance productivity and improve the quality of rice. For instance, Horizon AG, an organic acids research and development firm based in the United States, partnered with the University of Arkansas, a renowned educational institution, to introduce CLL18, a newly developed rice variant featuring the Clearfield technology in February 2022. Compared to its predecessors, CLL18 achieved a higher two-year average yield of 221 bushels per acre in the 2020-21 ARPT. It matures earlier than CLL16 and seems to be particularly well suited to the coastal areas of Louisiana and Texas, making it an excellent choice for second harvest scenarios.
What Are the Key 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 Key Players Shaping the Rice Seeds Market's Competitive Landscape?
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.
What Geographic Markets Are Powering Growth in the Rice Seeds Market?
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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