Asia-Pacific Rice Seed Market Size
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 4.32 Billion |
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Market Size (2030) | USD 5.22 Billion |
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Largest Share by Breeding Technology | Open Pollinated Varieties & Hybrid Derivatives |
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CAGR (2024 - 2030) | 3.19 % |
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Largest Share by Country | China |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Rice Seed Market Analysis
The Asia-Pacific Rice Seed Market size is estimated at 4.32 billion USD in 2024, and is expected to reach 5.22 billion USD by 2030, growing at a CAGR of 3.19% during the forecast period (2024-2030).
4.32 Billion
Market Size in 2024 (USD)
5.22 Billion
Market Size in 2030 (USD)
3.24 %
CAGR (2017-2023)
3.19 %
CAGR (2024-2030)
Largest Market by Breeding Technology
58.76 %
value share, Open Pollinated Varieties & Hybrid Derivatives, 2023
Growers use these seeds as they are cost-effective, support organic cultivation, and are for fresh market utilization as the rice produced has a good taste and is chemical free.
Largest Market by Country
42.61 %
value share, China, 2023
The country extensively employs high-yielding rice varieties to meet local demand, and it is the only nation in the region approved for cultivating insect-resistant GM rice seeds.
Fastest-growing Market by Breeding Technology
3.40 %
Projected CAGR, Open Pollinated Varieties & Hybrid Derivatives, 2024-2030
It is projected to witness growth as the crop requires a large number of seeds to be sown for good cultivation, and small-scale growers save input costs for cultivation.
Fastest-growing Market by Country
9.37 %
Projected CAGR, Australia, 2024-2030
It is the fastest-growing country as the growers increased cereal cultivation for a high ROI. The government's support to boost domestic production and reduce imports fuels this growth.
Leading Market Player
4.10 %
market share, Syngenta Group, 2022
The company has made strategic partnerships and expansions in the region. It opened its new USD 100 million R&D facility in India to develop new seed varieties.
Hybrid rice seeds will be adopted more in the future due to benefits such as resistance to diseases and drought, as well as the increasing food demand
- In Asia-Pacific, the open-pollinated varieties and hybrid derivatives (OPV's) seed segment dominated the market by volume and value. In 2022, OPV rice seeds accounted for 58.7% of the region's rice seed market.
- The adoption of open-pollinated varieties is mainly due to their lower cost than hybrid seeds. The major restraining factor of hybrid rice is that the rice yield grain declines significantly after the first generation of seeds (F1). Therefore, farmers purchase new seeds every season to cultivate hybrid rice.
- In 2022, hybrid rice seeds had a market share of 41.3%. The hybrid rice market, in terms of value, is estimated to record a CAGR of 2.9% during the forecast period (2023-2030), mainly due to increasing food demand owing to the rising population in the region and high demand for drought tolerance and disease resistance traits. For instance, brands such as Bayer AG's Arize Tej Gold provide resistance to seeding blight, and Vina Seed's Thein Uu8 provides resistance to different diseases, such as blast and sheath blight, along with higher productivity. Additionally, hybrid rice seeds improve food security by 15-20% compared to OPV rice seeds. Another major factor likely to drive the growth of hybrid rice seeds is their ability to resist abiotic and biotic stresses.
- Due to the low adoption rate of hybrid rice and the lack of proper input assistance, the OPVs market has dominated the market more than hybrid seeds in many countries. Thus, to increase the incentive to adopt hybrid rice, a hybrid variety that produces superior grain quality and resistance to stresses must be developed and distributed at lower prices in major rice-producing countries of the region.
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Asia-Pacific being largest producer and consumer of rice with increasing cultivation area and export demand, the region is expected to grow in the future
- Asia-Pacific is one of the largest producers of rice in the global market. China dominated the Asia-Pacific rice seed market, accounting for 41.5%, followed by the Philippines (12.6%), Thailand (10.1%), and Japan (8.9%) in 2022. Moreover, in China, rice is one of the major cereal crops, and about 65% of Chinese people rely on rice. Globally, China had a market share of 32.6% in the same period.
- The area under rice cultivation in China was 30.4 million hectares in 2022, which was a decrease of 1.9% from 2017 due to crop diversification and urbanization in the country. However, the usage of hybrids increased production in the country.
- There is a high demand for rice cultivated in Asia-Pacific, especially India, by Western and other countries. For instance, in 2020-21, India’s rice exports increased by 87% to 17.72 million metric ton in 2022 from 9.49 million metric ton in 2020. However, a ban on a variety of rice and a higher export duty of 20% has not affected the export quantity as of April-May 2023, which was 21.1% higher than the same period in 2022. Therefore, there is high demand for rice in domestic and international markets, which will help in the growth of rice seeds in the country during the forecast period.
- The transgenic rice grown commercially in the Philippines is Golden rice (GR), which accounted for 3.5% of the country’s hybrid rice seed market in 2022. Golden rice (GR) is a transgenic rice that is an effective source of Vitamin A. The transgenic rice segment is projected to register a CAGR of 5.3% in the Philippines during the forecast period as Golden Rice (GR) witnesses high demand.
- The high consumption and increased use of hybrid seeds for higher productivity are expected to help the growth of the rice seed market during the forecast period.
Asia-Pacific Rice Seed Market Trends
India dominated the acreage under rice cultivation in the region due to favorable climatic conditions
- Asia-Pacific is one of the major rice-producing regions globally, as rice is considered the staple food for most Asia-Pacific countries such as India, China, and Indonesia. In 2022, Asia-Pacific accounted for 142.6 million hectares under rice cultivation. The area under cultivation of rice in the region increased by 2% between 2017 and 2022. During the historical period, there was fluctuation in the acreage due to unfavorable climatic conditions for rice cultivation.
- India occupied the major share of the area under rice cultivation, with 32.7% of the region's acreage in 2022, owing to the favorable climatic conditions and the higher demand for rice in the region. Around 36% of India’s total rice production is from West Bengal, accounting for 13.62% of the total rice produced in India; Uttar Pradesh accounted for 12.81% and Punjab accounted for 9.96% in 2021.
- China and Bangladesh were the major countries after India concerning the area under rice cultivation, which accounted for 20% and 8% of the regions’ rice acreage in 2022, respectively. In China, Hunan Province had the largest rice planting area in the country, with a total of 4 million hectares in 2022, and the highest production in the country, with 26.02 million metric ton, in 2021. The domestic demand for rice is increasing due to the increase in the population. To substantiate the demand, double-season rice cropping systems are being developed in the Hunan and Jiangxi provinces in China, thereby driving the rice seed market in the country.
- Therefore, the increased demand for rice to substantiate the growing population and rice being the staple food in the region are the factors driving the acreage under rice cultivation during the forecast period.
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Drought tolerance and disease resistance are the popular rice seed varieties in the region, driving the growth of market
- Rice is a staple food in Asia-Pacific because the region consumes rice as a meal at least once daily. China and India are major rice producers globally and have a high demand for seeds resistant to diseases such as seedling blight, grain rot, and other bacterial diseases. Brands such as Bayer AG's Arize Tej Gold provide resistance to seeding blight, and Vina Seed's Thein Uu8 variety provides resistance to different diseases such as blast and sheath blight. Crops are also affected by biotic stresses and different pests such as Tryporyza incertulas and Gundhi bugs. In China and the Philippines, the major traits popularly used by growers are hybrids resistant to bacterial blight, brown plantoppers, rice blast, and heat at the heading stage. A good quality harvest has a desirable whole rice rate and amylose content.
- Drought tolerance is one of the major traits produced by seed companies as there have been changes in the climatic conditions, leading to high demand for this seed variety from the growers. For instance, in 2022, China suffered drier conditions than normal rainfall conditions, which was expected to help increase the demand for drought-tolerant seed varieties as well as wider adaptability traits.
- In 2020, the International Rice Research Institute (IRRI) signed a partnership agreement with hybrid seed-producing company Bioseed to develop new hybrid seed varieties for rice. Therefore, an increase in research activities and the increasing demand for hybrid seeds for resistance to diseases are expected to help the rice seed market grow during the forecast period.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Traditional breeding techniques are most used for rice seed development in the region, and transgenic hybrid rice seeds are limited to a few countries in the region
Asia-Pacific Rice Seed Industry Overview
The Asia-Pacific Rice Seed Market is fragmented, with the top five companies occupying 12.91%. The major players in this market are Advanta Seeds - UPL, Beidahuang Kenfeng Seed Co. Ltd, SL Agritech Corporation (SLAC), Syngenta Group and Yuan Longping High-Tech Agriculture Co. Ltd (sorted alphabetically).
Asia-Pacific Rice Seed Market Leaders
Advanta Seeds - UPL
Beidahuang Kenfeng Seed Co. Ltd
SL Agritech Corporation (SLAC)
Syngenta Group
Yuan Longping High-Tech Agriculture Co. Ltd
Other important companies include Bayer AG, Corteva Agriscience, DCM Shriram Ltd (Bioseed), Kaveri Seeds, Maharashtra Hybrid Seeds Co. (Mahyco).
*Disclaimer: Major Players sorted in alphabetical order.
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Asia-Pacific Rice Seed Market News
- May 2023: Syngenta Seeds collaborated with Wilmar PADI Indonesia and the National Research and Innovation Agency (BRIN) in the development of the Witagen rice variety, a high-quality, superior rice seed.
- November 2022: Agritech Corporation (SLAC) and the Bangladesh Agricultural Development Corp (BDAC) signed a memorandum of agreement (MOA) for the production of SL-8H F1 seeds. This agreement is a significant step in strengthening agricultural technology development and collaboration between the Philippines and Bangladesh.
- October 2022: SL Agritech Corporation (SLAC) has raised USD 728 million through the issuance of commercial papers. The funds generated from these issuances will be utilized to meet the company's short-term obligations and purchase rice and seed inventories from its contract growers.
Free with this Report
We provide a complimentary and exhaustive set of data points on regional and country-level metrics that present the fundamental structure of the industry. Presented in the form of 90+ free charts, the section covers difficult-to-find data from various regions regarding the area under cultivation for different crops within the scope
Asia-Pacific Rice Seed Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 Area Under Cultivation
- 4.2 Most Popular Traits
- 4.3 Breeding Techniques
- 4.4 Regulatory Framework
- 4.5 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)
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5.1 Breeding Technology
- 5.1.1 Hybrids
- 5.1.1.1 Non-Transgenic Hybrids
- 5.1.1.2 Transgenic Hybrids
- 5.1.1.2.1 Insect Resistant Hybrids
- 5.1.1.2.2 Other Traits
- 5.1.2 Open Pollinated Varieties & Hybrid Derivatives
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5.2 Country
- 5.2.1 Australia
- 5.2.2 Bangladesh
- 5.2.3 China
- 5.2.4 India
- 5.2.5 Indonesia
- 5.2.6 Japan
- 5.2.7 Myanmar
- 5.2.8 Pakistan
- 5.2.9 Philippines
- 5.2.10 Thailand
- 5.2.11 Vietnam
- 5.2.12 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles
- 6.4.1 Advanta Seeds - UPL
- 6.4.2 Bayer AG
- 6.4.3 Beidahuang Kenfeng Seed Co. Ltd
- 6.4.4 Corteva Agriscience
- 6.4.5 DCM Shriram Ltd (Bioseed)
- 6.4.6 Kaveri Seeds
- 6.4.7 Maharashtra Hybrid Seeds Co. (Mahyco)
- 6.4.8 SL Agritech Corporation (SLAC)
- 6.4.9 Syngenta Group
- 6.4.10 Yuan Longping High-Tech Agriculture Co. Ltd
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR SEEDS CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Global Market Size and DROs
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- AREA UNDER CULTIVATION OF RICE, HECTARE, ASIA-PACIFIC, 2017-2022
- Figure 2:
- VALUE SHARE OF MAJOR RICE TRAITS, %, ASIA-PACIFIC, 2022
- Figure 3:
- VALUE SHARE OF RICE BREEDING TECHNIQUES, %, ASIA-PACIFIC, 2022
- Figure 4:
- VOLUME OF RICE SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 5:
- VALUE OF RICE SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 6:
- VOLUME OF RICE SEED BY BREEDING TECHNOLOGY CATEGORIES, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 7:
- VALUE OF RICE SEED BY BREEDING TECHNOLOGY CATEGORIES, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 8:
- VOLUME SHARE OF RICE SEED BY BREEDING TECHNOLOGY CATEGORIES, %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 9:
- VALUE SHARE OF RICE SEED BY BREEDING TECHNOLOGY CATEGORIES, %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 10:
- VOLUME OF RICE SEED BY HYBRIDS CATEGORIES, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 11:
- VALUE OF RICE SEED BY HYBRIDS CATEGORIES, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 12:
- VOLUME SHARE OF RICE SEED BY HYBRIDS CATEGORIES, %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 13:
- VALUE SHARE OF RICE SEED BY HYBRIDS CATEGORIES, %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 14:
- VOLUME OF NON-TRANSGENIC HYBRIDS RICE SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 15:
- VALUE OF NON-TRANSGENIC HYBRIDS RICE SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 16:
- VALUE SHARE OF NON-TRANSGENIC HYBRIDS RICE SEED BY COUNTRY, %, ASIA-PACIFIC, 2023 AND 2030
- Figure 17:
- VOLUME OF RICE SEED BY TRANSGENIC HYBRIDS CATEGORIES, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 18:
- VALUE OF RICE SEED BY TRANSGENIC HYBRIDS CATEGORIES, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 19:
- VOLUME SHARE OF RICE SEED BY TRANSGENIC HYBRIDS CATEGORIES, %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 20:
- VALUE SHARE OF RICE SEED BY TRANSGENIC HYBRIDS CATEGORIES, %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 21:
- VOLUME OF INSECT RESISTANT HYBRIDS RICE SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 22:
- VALUE OF INSECT RESISTANT HYBRIDS RICE SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 23:
- VALUE SHARE OF INSECT RESISTANT HYBRIDS RICE SEED BY COUNTRY, %, ASIA-PACIFIC, 2023 AND 2030
- Figure 24:
- VOLUME OF OTHER TRAITS RICE SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 25:
- VALUE OF OTHER TRAITS RICE SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 26:
- VALUE SHARE OF OTHER TRAITS RICE SEED BY COUNTRY, %, ASIA-PACIFIC, 2023 AND 2030
- Figure 27:
- VOLUME OF OPEN POLLINATED VARIETIES & HYBRID DERIVATIVES RICE SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 28:
- VALUE OF OPEN POLLINATED VARIETIES & HYBRID DERIVATIVES RICE SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 29:
- VALUE SHARE OF OPEN POLLINATED VARIETIES & HYBRID DERIVATIVES RICE SEED BY COUNTRY, %, ASIA-PACIFIC, 2023 AND 2030
- Figure 30:
- VOLUME OF RICE SEED BY COUNTRY, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 31:
- VALUE OF RICE SEED BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 32:
- VOLUME SHARE OF RICE SEED BY COUNTRY, %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 33:
- VALUE SHARE OF RICE SEED BY COUNTRY, %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 34:
- VOLUME OF AUSTRALIA RICE SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 35:
- VALUE OF AUSTRALIA RICE SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 36:
- VALUE SHARE OF AUSTRALIA RICE SEED BY BREEDING TECHNOLOGY, %, ASIA-PACIFIC, 2023 AND 2030
- Figure 37:
- VOLUME OF BANGLADESH RICE SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 38:
- VALUE OF BANGLADESH RICE SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 39:
- VALUE SHARE OF BANGLADESH RICE SEED BY BREEDING TECHNOLOGY, %, ASIA-PACIFIC, 2023 AND 2030
- Figure 40:
- VOLUME OF CHINA RICE SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 41:
- VALUE OF CHINA RICE SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 42:
- VALUE SHARE OF CHINA RICE SEED BY BREEDING TECHNOLOGY, %, ASIA-PACIFIC, 2023 AND 2030
- Figure 43:
- VOLUME OF INDIA RICE SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 44:
- VALUE OF INDIA RICE SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 45:
- VALUE SHARE OF INDIA RICE SEED BY BREEDING TECHNOLOGY, %, ASIA-PACIFIC, 2023 AND 2030
- Figure 46:
- VOLUME OF INDONESIA RICE SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 47:
- VALUE OF INDONESIA RICE SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 48:
- VALUE SHARE OF INDONESIA RICE SEED BY BREEDING TECHNOLOGY, %, ASIA-PACIFIC, 2023 AND 2030
- Figure 49:
- VOLUME OF JAPAN RICE SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 50:
- VALUE OF JAPAN RICE SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 51:
- VALUE SHARE OF JAPAN RICE SEED BY BREEDING TECHNOLOGY, %, ASIA-PACIFIC, 2023 AND 2030
- Figure 52:
- VOLUME OF MYANMAR RICE SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 53:
- VALUE OF MYANMAR RICE SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 54:
- VALUE SHARE OF MYANMAR RICE SEED BY BREEDING TECHNOLOGY, %, ASIA-PACIFIC, 2023 AND 2030
- Figure 55:
- VOLUME OF PAKISTAN RICE SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 56:
- VALUE OF PAKISTAN RICE SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 57:
- VALUE SHARE OF PAKISTAN RICE SEED BY BREEDING TECHNOLOGY, %, ASIA-PACIFIC, 2023 AND 2030
- Figure 58:
- VOLUME OF PHILIPPINES RICE SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 59:
- VALUE OF PHILIPPINES RICE SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 60:
- VALUE SHARE OF PHILIPPINES RICE SEED BY BREEDING TECHNOLOGY, %, ASIA-PACIFIC, 2023 AND 2030
- Figure 61:
- VOLUME OF THAILAND RICE SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 62:
- VALUE OF THAILAND RICE SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 63:
- VALUE SHARE OF THAILAND RICE SEED BY BREEDING TECHNOLOGY, %, ASIA-PACIFIC, 2023 AND 2030
- Figure 64:
- VOLUME OF VIETNAM RICE SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 65:
- VALUE OF VIETNAM RICE SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 66:
- VALUE SHARE OF VIETNAM RICE SEED BY BREEDING TECHNOLOGY, %, ASIA-PACIFIC, 2023 AND 2030
- Figure 67:
- VOLUME OF REST OF ASIA-PACIFIC RICE SEED, METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 68:
- VALUE OF REST OF ASIA-PACIFIC RICE SEED, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 69:
- VALUE SHARE OF REST OF ASIA-PACIFIC RICE SEED BY BREEDING TECHNOLOGY, %, ASIA-PACIFIC, 2023 AND 2030
- Figure 70:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, ASIA-PACIFIC, 2017-2023
- Figure 71:
- MOST ADOPTED STRATEGIES, COUNT, ASIA-PACIFIC, 2017-2023
- Figure 72:
- VALUE SHARE OF MAJOR PLAYERS, %, ASIA-PACIFIC, 2023
Asia-Pacific Rice Seed Industry Segmentation
Hybrids, Open Pollinated Varieties & Hybrid Derivatives are covered as segments by Breeding Technology. Australia, Bangladesh, China, India, Indonesia, Japan, Myanmar, Pakistan, Philippines, Thailand, Vietnam are covered as segments by Country.
- In Asia-Pacific, the open-pollinated varieties and hybrid derivatives (OPV's) seed segment dominated the market by volume and value. In 2022, OPV rice seeds accounted for 58.7% of the region's rice seed market.
- The adoption of open-pollinated varieties is mainly due to their lower cost than hybrid seeds. The major restraining factor of hybrid rice is that the rice yield grain declines significantly after the first generation of seeds (F1). Therefore, farmers purchase new seeds every season to cultivate hybrid rice.
- In 2022, hybrid rice seeds had a market share of 41.3%. The hybrid rice market, in terms of value, is estimated to record a CAGR of 2.9% during the forecast period (2023-2030), mainly due to increasing food demand owing to the rising population in the region and high demand for drought tolerance and disease resistance traits. For instance, brands such as Bayer AG's Arize Tej Gold provide resistance to seeding blight, and Vina Seed's Thein Uu8 provides resistance to different diseases, such as blast and sheath blight, along with higher productivity. Additionally, hybrid rice seeds improve food security by 15-20% compared to OPV rice seeds. Another major factor likely to drive the growth of hybrid rice seeds is their ability to resist abiotic and biotic stresses.
- Due to the low adoption rate of hybrid rice and the lack of proper input assistance, the OPVs market has dominated the market more than hybrid seeds in many countries. Thus, to increase the incentive to adopt hybrid rice, a hybrid variety that produces superior grain quality and resistance to stresses must be developed and distributed at lower prices in major rice-producing countries of the region.
| Breeding Technology | Hybrids | Non-Transgenic Hybrids | |
| Transgenic Hybrids | Insect Resistant Hybrids | ||
| Other Traits | |||
| Breeding Technology | Open Pollinated Varieties & Hybrid Derivatives | ||
| Country | Australia | ||
| Bangladesh | |||
| China | |||
| India | |||
| Indonesia | |||
| Japan | |||
| Myanmar | |||
| Pakistan | |||
| Philippines | |||
| Thailand | |||
| Vietnam | |||
| Rest of Asia-Pacific |
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Market Definition
- Commercial Seed - For the purpose of this study, only commercial seeds have been included as part of the scope. Farm-saved Seeds, which are not commercially labeled are excluded from scope, even though a minor percentage of farm-saved seeds are exchanged commercially among farmers. The scope also excludes vegetatively reproduced crops and plant parts, which may be commercially sold in the market.
- Crop Acreage - While calculating the acreage under different crops, the Gross Cropped Area has been considered. Also known as Area Harvested, according to the Food & Agricultural Organization (FAO), this includes the total area cultivated under a particular crop across seasons.
- Seed Replacement Rate - Seed Replacement Rate is the percentage of area sown out of the total area of crop planted in the season by using certified/quality seeds other than the farm-saved seed.
- Protected Cultivation - The report defines protected cultivation as the process of growing crops in a controlled environment. This includes greenhouses, glasshouses, hydroponics, aeroponics, or any other cultivation system that protects the crop against any abiotic stress. However, cultivation in an open field using plastic mulch is excluded from this definition and is included under open field.
| Keyword | Definition |
|---|---|
| Row Crops | These are usually the field crops which include the different crop categories like grains & cereals, oilseeds, fiber crops like cotton, pulses, and forage crops. |
| Solanaceae | These are the family of flowering plants which includes tomato, chili, eggplants, and other crops. |
| Cucurbits | It represents a gourd family consisting of about 965 species in around 95 genera. The major crops considered for this study include Cucumber & Gherkin, Pumpkin and squash, and other crops. |
| Brassicas | It is a genus of plants in the cabbage and mustard family. It includes crops such as carrots, cabbage, cauliflower & broccoli. |
| Roots & Bulbs | The roots and bulbs segment includes onion, garlic, potato, and other crops. |
| Unclassified Vegetables | This segment in the report includes the crops which don’t belong to any of the above-mentioned categories. These include crops such as okra, asparagus, lettuce, peas, spinach, and others. |
| Hybrid Seed | It is the first generation of the seed produced by controlling cross-pollination and by combining two or more varieties, or species. |
| Transgenic Seed | It is a seed that is genetically modified to contain certain desirable input and/or output traits. |
| Non-Transgenic Seed | The seed produced through cross-pollination without any genetic modification. |
| Open-Pollinated Varieties & Hybrid Derivatives | Open-pollinated varieties produce seeds true to type as they cross-pollinate only with other plants of the same variety. |
| Other Solanaceae | The crops considered under other Solanaceae include bell peppers and other different peppers based on the locality of the respective countries. |
| Other Brassicaceae | The crops considered under other brassicas include radishes, turnips, Brussels sprouts, and kale. |
| Other Roots & Bulbs | The crops considered under other roots & bulbs include Sweet Potatoes and cassava. |
| Other Cucurbits | The crops considered under other cucurbits include gourds (bottle gourd, bitter gourd, ridge gourd, Snake gourd, and others). |
| Other Grains & Cereals | The crops considered under other grains & cereals include Barley, Buck Wheat, Canary Seed, Triticale, Oats, Millets, and Rye. |
| Other Fibre Crops | The crops considered under other fibers include Hemp, Jute, Agave fibers, Flax, Kenaf, Ramie, Abaca, Sisal, and Kapok. |
| Other Oilseeds | The crops considered under other oilseeds include Ground nut, Hempseed, Mustard seed, Castor seeds, safflower seeds, Sesame seeds, and Linseeds. |
| Other Forage Crops | The crops considered under other forages include Napier grass, Oat grass, White clover, Ryegrass, and Timothy. Other forage crops were considered based on the locality of the respective countries. |
| Pulses | Pigeon peas, Lentils, Broad and horse beans, Vetches, Chickpeas, Cowpeas, Lupins, and Bambara beans are the crops considered under pulses. |
| Other Unclassified Vegetables | The crops considered under other unclassified vegetables include Artichokes, Cassava Leaves, Leeks, Chicory, and String beans. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: IDENTIFY KEY VARIABLES: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases, and Subscription Platforms
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