DUBLIN--(BUSINESS WIRE)--The "Rice Seeds Market by Type (Hybrid and Open-Pollinated Varieties), Grain Size (Long, Medium, and Short), Hybridization Technique (Two-Line and Three-Line), Treatment (Treated and Untreated Seeds), and Region - Global Forecast To 2023" report has been added to ResearchAndMarkets.com's offering.
The rice seeds market is projected to reach USD 7.62 billion by 2023, from USD 5.47 billion in 2018, at a CAGR of 6.85%
It is projected to grow at a steady rate due to factors such as a steady increase in the global rice production, growing awareness pertaining to the effect of commercial seed on rice yield, and increasing technological advancements, such as molecular breeding and hybridization technique for rice breeding. However, major factors restraining the growth of rice seeds are the high capital investment associated with rice seeds, low margins gained by farmers, and the imposition of regulations against genetic-based modifications for edible crops.
Growing awareness about the advantages of hybrid seeds has encouraged adoption across Asian countries. Multiple traits such as grain size and disease resistant, have been targeted by key players such as Bayer and DowDuPont for the development of hybrids. The major target focused by the players has been high crop yield. Innovations such as herbicide-tolerant hybrids have also gained traction in the developed countries such as the US and have increased the scope for market growth in the coming years.
The three-line system is the most widely adopted hybridization technique by major seed companies for the production of hybrid rice seeds. Majority of the Asian countries are adopting the three-line system except for China, where Dr Yuan Longping extensively promoted the two-line production system for hybrids.
The Asia Pacific region has been the predominant producer and consumer of rice since a decade due to the high consumption of the crops as a staple food in various countries. The demand for rice seeds is also high in this region due to the increased production rate. Also, the growing seed replacement rate in the Asian countries for paddy the growth of the rice seeds market in the region.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Rice Seeds Market, By Type
7 Rice Seeds Market, By Hybridization Technique
8 Rice Seeds Market, By Treatment
9 Rice Seeds Market, By Grain Size
10 Rice Seeds Market, By Region
11 Competitive Landscape
12 Company Profiles
- BASF
- Bayer
- DowDuPont
- Guard Agri
- Hefei Fengle Seeds
- JK Seeds
- Kaveri Seeds
- Krishidhan Seeds
- Long Ping Hi-Tech S
- Mahyco
- National Seed Corporation
- Nuziveedu Seeds
- Rallis India Limited
- Rasi Seeds
- SL Agritech
- Syngenta
- UPL Advanta Seeds
For more information about this report visit https://www.researchandmarkets.com/research/8pcvdw/rice_seeds?w=4
