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[ 英語タイトル ] Global Rice Seed Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Product Code : MDAG00112546
Survey : Mordor Intelligence
Publish On : May, 2021
Category : Agriculture and Allied Activities
Report format : PDF
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[Report Description]

The Rice Seed market is expected to grow at a CAGR of 7.4% during the forecast period (2021-2026). The commercialization of rice has not been much significantly affected by the impact of COVID-19, as compared to other industries, as its demand has been always on the higher side. However, a substantial disruption in the functioning of both demand and supply, posing hurdles for all stakeholders including consumers, has been witnessed in the rice market. The disruptions were majorly due to the measures taken by the government, which led to increasing the losses in the rice market. Amid pandemic spread, FAO, in partnership with the Department of Agricultural Extension, has distributed rice seed to 24 000 farmers in Cox’s Bazar of Bangladesh in the month of July 2020 in response to the COVID-19 pandemic. By market size, Asia-Pacific is the largest in all the regions due to advancements in China and India. According to a report by the Directorate of Rice Research (IIRR), hybrid seeds should result in a yield advantage of 1-1.5 t/ha, which could translate into an incremental income of USD 1200-1400/ha, or 70-90%. Furthermore, The Africa Rice Center (AfricaRice) with a mission to contribute to poverty alleviation and food security in Africa, aimed at increasing the productivity and profitability of the rice sector, while ensuring the sustainability of the farming environment. Therefore, the future for rice seed is bright with various opportunities, in respect to varietal development and development of GM Rice. The two most popular varieties of rice grown globally are, Oryza sativa and Oryza glaberrima, of which Oryza sativa L, the most widely grown rice, and is the staple crop for over half the world’s population. The market is driven by factors, such as rapid advancement in hybrid seed production, increasing consumption of rice as a staple crop, and increasing trade of rice seed.

Key Market Trends

Technological Advancement to Enhance Rice Yield

The continuous technological advancements in the field of molecular biology, biotechnology have led to developments in hybrid rice breeding. This will give a boost to the growth of the rice seeds market over the forecast period. The farmers in the Asia Pacific widely use the hybrid rice production system which led to increased output of the hybrid rice seeds in this region. The major rice seed-producing companies are expanding their business in Asian countries. The strong support from the government in providing subsidies for hybrid seeds has encouraged the farmers to adopt hybrid breeding technologies. For instance, In 2017, Bayer CropScience partnered with ACI Ltd of Bangladesh, introduced hybrid seed technology to farmers. They introduced "Arize® Dhani Gold" which has Bacterial Leaf Blight (BLB) tolerance, which is one of the major concerns for Bangladeshi Farmers in the Aman season. The large-scale adoption of hybrid rice in the future largely depends on further improvement of grain quality comparable with that of popular inbreed varieties. The advancement in new technologies has provided new approaches to develop rice varieties with increased yield potential, improved grain quality, and multiple resistance or tolerance toward various biological and environmental stresses.

Increasing Rice Consumption in the Asia - Pacific Region

About 90% of the world’s rice is grown in the Asia Pacific region, which is endowed with a wet environment suitable for rice cultivation. Rice-based farming is the main economic activity for millions of poor rural farmers in the region. China is the largest producer and consumer of rice seeds, followed by India and Vietnam. China's National Rice Research Institute is in plans to enter into the seed markets of Southeast Asia, Africa, and South America, by promoting its hybrid rice varieties over the next five years. In India, efforts are being made by the government to promote the cultivation of hybrid rice through various crop development programs such as National Food Security Mission (NFSM), Bringing Green Revolution to Eastern India (BGREI), and Rashtriya Krishi Vikas Yojana (RKVY). With the private sector playing a major role in rice hybridization, according to the Indian Council of Food and Agriculture, the hybrid rice seed market has touched more than 45 thousand metric ton volume sales in 2016. In 2018 the open-pollinated varieties were estimated to dominate the rice seeds market. Increasing adoption of hybrid seeds and increasing seed replacement rate across the countries of Asia Pacific, particularly in India, Thailand, China, and Vietnam is projected to impact the market growth.

Competitive Landscape

The global rice seed market is moderately consolidated. DuPont, Syngenta, Kaveri Seeds, Bayer CropScience, Biostadt India Limited, Rallis India Limited, Yuan Longping Hitech, Nuziveedu Seeds Limited (NSL), and SL Agritech are the most active players in terms of strategic development in the rice seed industry. Most of the companies are gaining market share by developing high–yielding, disease-resistant, and hybrid rice seed variety, suited to the local growing condition of various countries. A few of the key strategies adopted by top players in the rice seeds market are new product launches, partnerships, collaborations, acquisitions, expansions & Investments.

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1.1 Study Assumptions and Market Defination
1.2 Scope of the Study



4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitute Products
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry

5.1 Type
5.1.1 Open Pollinated
5.1.2 Hybrids Transgenic Non-Transgenic
5.2 Geography
5.2.1 North America United States Canada Rest of North America
5.2.2 Europe Ukraine Russia Turkey France Germany Rest of Europe
5.2.3 Asia - Pacific Australia China India Japan Rest of Asia - Pacific
5.2.4 South America Argentina Brazil Rest of South America
5.2.5 Middle East & Africa South Africa Rest of Middle East & Africa

6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 UPL Limited
6.3.2 Sakata
6.3.3 ChemChina Corporation (Syngenta)
6.3.4 Corteva Agriscience
6.3.5 Groupe Limagrain
6.3.6 KWS AG
6.3.7 Takii & Co., Ltd.
6.3.8 Nuzivedu Seeds
6.3.9 Pannar Seeds





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