Global Rice Seeds Market Size To Worth USD 10.43 Billion By 2033 | CAGR of 3.66%
Category: AgricultureGlobal Rice Seeds Market Size To Worth USD 10.43 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global rice seeds Market Size Was Valued at USD 7.28 Billion in 2023 and is Expected to reach USD 10.43 Billion By 2033, Growing at a CAGR of 3.66% from 2023 to 2033
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Browse key industry insights spread across 230 pages with 110 Market data tables and figures & charts from the report on the "Global Rice Seeds Market Size, Share, and COVID-19 Impact Analysis, By Type (Open-Pollinated Varieties, and Commercial Hybrids), By Grain Size (Short Grain, Medium Grain, Long Grain), By Treatment (Treated and Untreated Seeds), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/rice-seeds-market
The market for rice seeds is expanding significantly due to several important causes. As customers look for food security in the face of expanding populations, there is a growing need for high-yield and disease-resistant rice cultivars. Because premium seeds are becoming more expensive, the market is growing faster. The assistance given to farmers and agriculturalists by both public and private organizations is one of the causes. The increased variety of hybrid rice seed alternatives and the ease of access to contract services, agricultural financing, fertilizer, herbicides, and equipment are further expanding the industry. Growing public awareness of the advantages of eating healthily and demand for higher-quality rice crops. A rise in hybrid crop production for higher rice yields and a faster rate of seed replacement are two factors that are positively affecting the rice seed industry. Additionally, market expansion is aided by government initiatives that support agricultural innovation and R&D spending. Furthermore, the need for resilient rice cultivars that can tolerate harsh weather conditions is being prompted by climate change. There are lots of opportunities in the rice seed market, especially in unexplored areas where rice is a staple crop. Other difficulties include the market's strong reliance on weather, with rice agriculture being impacted by droughts, floods, and erratic climate change. Disruptions to the supply chain, such as problems with storage and transportation, also provide serious difficulties.
The open-pollinated varieties segment held a dominant share in 2023 and is expected to grow at a notable CAGR during the forecast period.
Based on the type, the rice seeds market is segmented into open-pollinated varieties, and commercial hybrids. Among these, the open-pollinated varieties segment held a dominant share in 2023 and is expected to grow at a notable CAGR during the forecast period. The enhanced attributes can be due to supporting agrobiodiversity and traditional farming methods by providing farmers with a sustainable solution that enables them to save seeds from one crop to replant in the following one.
The long grain segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.
Based on the grain size, the global rice seeds market is divided into short grain, medium grain, and long grain. Among these, the long grain segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The segmental growth is due to these grains being long and thin because they are four or five times longer than they are wide. One of the most popular long-grained goods is basmati, which is grown only in India and Pakistan.
The treated segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.
Based on the treatment, the global rice seeds market is divided into treated and untreated. Among these, the treated segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The segmental growth is due to their improved ability to withstand environmental stress, illnesses, and pests, which makes them a popular option among farmers. These seeds are treated chemically, biologically, or physically to increase the rate of germination.
Asia-Pacific is anticipated to hold the largest share of the global rice seeds market over the projected timeframe.
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Asia-Pacific is anticipated to hold the largest share of the global rice seeds market over the predicted timeframe. This can be attributed to the growing population in nations where rice is regarded as a staple meal, such as China, India, and Indonesia. Furthermore, producers are increasingly looking for rice seeds that are resistant to diseases like grain rot and seedling blight.
Europe is expected to grow at a rapid CAGR in the rice seeds market during the forecast period. European farmers' awareness of the advantages of utilizing certified and enhanced rice seeds has grown, according to the European rice seed industry. The creation of hybrid crops has been stimulated by government programs that support seed research and development and encourage sustainable agriculture.
Major key players in the rice seeds market include Bayer AG, Advanta Seeds - UPL, Corteva Agriscience, BASF, SL Agritech Corporation (SLAC), Syngenta, NUZIVEEDU SEEDS LTD, RiceTec Inc., Horizon Ag, LLC, Hancock Seed & Company, Limagrain, Dow AgroSciences, EastWest Seed, Hangzhou Zhongchai Seed, Monsanto, Inari Agriculture, Sakata Seed Corporation, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In December 2024, China approved five gene-edited crop varieties, including rice, aiming to boost yields and ensure food security. This move reflects China's commitment to integrating advanced biotechnologies into its agricultural sector
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global rice seeds market based on the below-mentioned segments:
Global Rice Seeds Market, By Type
- Open-Pollinated Varieties
- Commercial Hybrid
Global Rice Seeds Market, By Grain Size
- Short Grain
- Medium Grain
- Long Grain
Global Rice Seeds Market, By Treatment
- Treated
- Untreated
Global Rice Seeds Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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