Global Rice Seeds Market Report and Forecast 2024-2032

Global Rice Seeds Market Outlook

The global rice seeds market attained a value of about USD 7.62 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 6.70% to reach nearly USD 13.66 billion by 2032.

Rising Demand for Rice Seeds to Sustain the Growing Staple Demands is Augmenting the Growth of the Market

Rice is one of the most significant staple crops in developing countries that have a large proportion of low-and-middle-income groups, which is a major factor boosting the demand for rice seeds, hence augmenting the market growth. The increasing research activities to develop rice seeds that can boost the profitability of farmers while enhancing sustainability is propelling the industry growth.

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Moreover, various leading companies are increasingly investing in developing new rice varieties that consume a low amount of water and energy, which is driving the market for rice seeds.  Furthermore, the growth in the market can also be associated with the growing world population and the subsequent surging demand for food. As a result, the demand for rice seeds, which are rich in quality and are economically viable, are providing impetus to the market.

Rice Seeds: Market Segmentation

Rice is the seed of the grass species Oryza sativa (Asian rice) or less commonly known as Oryza glaberrima (African rice). According to the Rice Association of UK, a rice seed or paddy is a complete seed of rice, and one grain of paddy contains one rice kernel.

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The major products of rice seeds are:

• Hybrid
• Open-Pollinated Varieties

The market can be broadly categorised on the basis of its grain sizes into:

• Long
• Medium
• Short

The EMR report looks into the regional markets of rice seeds like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Introduction of Novel Technologies to Boost the Market Growth of Rice Seeds

The market growth of rice seeds can be associated with the deployment of various technologies, such as hybrid technology, that can boost the germination of rice seeds. The continuous technological advancements in the field of molecular biology and biotechnology have augmented developments in hybrid rice breeding technologies, which is an important characteristic defining the growth of the market. In addition to this, advancements in seed technology to include features like tolerance towards biological and environmental stresses are providing impetus to the market. However, as the production of hybrid seeds is a labour-intensive process, leading companies are increasingly attempting to develop novel technologies to boost automation in order to increase the quality, quantity, and cost-effectiveness of rice seeds, which is significantly contributing to the growth of the market.

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Key Industry Players in the Global Rice Seeds Market

The report presents a detailed analysis of the following key players in the global rice seeds market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• SeedWorks International Pvt. Ltd. 
• Savannah Seeds Private Limited
• Bayer CropScience Limited
• Nuziveedu Seeds Limited (NSL)
• Pan Seeds Pvt. Ltd.
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report