Market Size of india rice seed Industry
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 341.9 Million |
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Market Size (2030) | USD 470.4 Million |
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Largest Share by Breeding Technology | Open Pollinated Varieties & Hybrid Derivatives |
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CAGR (2024 - 2030) | 5.46 % |
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Fastest Growing by Breeding Technology | Hybrids |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
India Rice Seed Market Analysis
The India Rice Seed Market size is estimated at 341.9 million USD in 2024, and is expected to reach 470.4 million USD by 2030, growing at a CAGR of 5.46% during the forecast period (2024-2030).
341.9 Million
Market Size in 2024 (USD)
470.4 Million
Market Size in 2030 (USD)
7.00 %
CAGR (2017-2023)
5.46 %
CAGR (2024-2030)
Largest Market by Breeding Technology
83.42 %
value share, Open Pollinated Varieties & Hybrid Derivatives, 2023
Open-pollinated varieties require fewer inputs, such as fertilizer and pesticides, are less expensive than hybrid seeds, and are more affordable for low-income farmers.
Fastest-growing Market by Breeding Technology
5.73 %
Projected CAGR, Hybrids, 2024-2030
The fastest growth of hybrids is associated with their characteristics, such as high yield and disease resistance, as well as the development and approval of transgenic hybrid varieties.
Leading Market Player1
9.13 %
market share, Kaveri Seeds, 2022
The company has a wider portfolio and has invested heavily in expansions and product innovations. Recently, it opened a new Genonmic R&D Center in Telangana, India.
Leading Market Player2
8.48 %
market share, Advanta Seeds - UPL, 2022
Advanta Seeds-UPL is the largest seed company due to the consistent development of rice since 2009, which has made it the leading rice seed manufacturer in the country.
Leading Market Player3
6.78 %
market share, Maharashtra Hybrid Seeds Co. (Mahyco), 2022
The company has emerged as a leader by developing new hybrid seeds with different traits. It has a joint venture with Monsanto Investments India Pvt. Ltd.
Higher development cost and non-availability of the hybrids are driving the demand for open-pollinated seed varieties
- In India, farmers predominantly favor open-pollinated varieties and hybrid derivatives over hybrids when it comes to rice cultivation. This preference stems from the fact that rice crops are largely self-pollinated, and the high costs associated with hybrid development have limited their widespread adoption.
- In 2022, the area under the cultivation of rice in the country was 46 million ha, an increase of 7% from 2017 due to the increasing usage of commercial seeds for high yield and product quality.
- Hybrids accounted for 16.5%, whereas OPVs accounted for 83.5% in 2022. Hybrids had a lower share than OPVs because the growers prefer to sow larger quantities of open-pollinated seed varieties as the development of hybrid seed involves higher cost and non-availability of hybrid rice seeds in the Indian market.
- Furthermore, the private sector is not performing research and development for the seed production of high-volume and low-margin crops, including rice. The public sector seed corporations are expected to remain dominant in cereals, including the rice seed segment in the country. At present, 15 state seed corporations and two national seed corporations are operating in the country.
- However, the hybrid seed segment is projected to register a CAGR of 5.7% during the forecast period due to higher productivity from the decreasing per capita availability of arable land and resistance to different diseases as well as weeds. These factors help the rice growers to earn high profits by reducing crop loss.
- The non-availability of commercial hybrid seeds in the country and preference for sowing large quantities of OPVs are expected to drive the open-pollinated seed varieties segment in the country during the forecast period.
India Rice Seed Industry Segmentation
Hybrids, Open Pollinated Varieties & Hybrid Derivatives are covered as segments by Breeding Technology. Andhra Pradesh, Assam, Bihar, Chhattisgarh, Odisha, Punjab, Tamil Nadu, Telangana, Uttar Pradesh, West Bengal are covered as segments by State.
- In India, farmers predominantly favor open-pollinated varieties and hybrid derivatives over hybrids when it comes to rice cultivation. This preference stems from the fact that rice crops are largely self-pollinated, and the high costs associated with hybrid development have limited their widespread adoption.
- In 2022, the area under the cultivation of rice in the country was 46 million ha, an increase of 7% from 2017 due to the increasing usage of commercial seeds for high yield and product quality.
- Hybrids accounted for 16.5%, whereas OPVs accounted for 83.5% in 2022. Hybrids had a lower share than OPVs because the growers prefer to sow larger quantities of open-pollinated seed varieties as the development of hybrid seed involves higher cost and non-availability of hybrid rice seeds in the Indian market.
- Furthermore, the private sector is not performing research and development for the seed production of high-volume and low-margin crops, including rice. The public sector seed corporations are expected to remain dominant in cereals, including the rice seed segment in the country. At present, 15 state seed corporations and two national seed corporations are operating in the country.
- However, the hybrid seed segment is projected to register a CAGR of 5.7% during the forecast period due to higher productivity from the decreasing per capita availability of arable land and resistance to different diseases as well as weeds. These factors help the rice growers to earn high profits by reducing crop loss.
- The non-availability of commercial hybrid seeds in the country and preference for sowing large quantities of OPVs are expected to drive the open-pollinated seed varieties segment in the country during the forecast period.
| Breeding Technology | |||
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| Open Pollinated Varieties & Hybrid Derivatives |
| State | |
| Andhra Pradesh | |
| Assam | |
| Bihar | |
| Chhattisgarh | |
| Odisha | |
| Punjab | |
| Tamil Nadu | |
| Telangana | |
| Uttar Pradesh | |
| West Bengal | |
| Other States |
India Rice Seed Market Size Summary
The India Rice Seed Market is poised for significant growth, driven by the country's status as one of the largest producers and consumers of rice globally. The market is characterized by a strong preference for open-pollinated varieties (OPVs) over hybrids, primarily due to the high costs associated with hybrid seed development and their limited availability. Despite this, the hybrid seed segment is expected to experience growth, fueled by the need for higher productivity and disease resistance as arable land per capita decreases. The public sector remains dominant in the seed production landscape, with state and national seed corporations leading the charge, while private sector involvement in research and development for rice seeds remains limited. The market is further supported by various government schemes aimed at promoting rice cultivation, which is anticipated to drive expansion in the coming years.
The demand for rice seeds with improved traits is on the rise as farmers increasingly adopt sustainable agricultural practices. This trend is expected to positively influence the market, with a focus on disease-resistant varieties to combat significant yield losses caused by various rice diseases. The market is fragmented, with major players like Advanta Seeds - UPL, Kaveri Seeds, Maharashtra Hybrid Seeds Co. (Mahyco), Nuziveedu Seeds Ltd, and Syngenta Group holding a substantial share. Collaborations and partnerships, such as those between Bioseed and the International Rice Research Institute, are fostering innovation and the development of new hybrid seed varieties. These efforts, alongside the growing domestic and international demand for rice, are set to propel the India Rice Seed Market forward during the forecast period.
India Rice Seed Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)
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1.1 Breeding Technology
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1.1.1 Hybrids
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1.1.1.1 Non-Transgenic Hybrids
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1.1.2 Open Pollinated Varieties & Hybrid Derivatives
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1.2 State
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1.2.1 Andhra Pradesh
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1.2.2 Assam
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1.2.3 Bihar
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1.2.4 Chhattisgarh
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1.2.5 Odisha
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1.2.6 Punjab
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1.2.7 Tamil Nadu
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1.2.8 Telangana
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1.2.9 Uttar Pradesh
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1.2.10 West Bengal
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1.2.11 Other States
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India Rice Seed Market Size FAQs
How big is the India Rice Seed Market?
The India Rice Seed Market size is expected to reach USD 341.86 million in 2024 and grow at a CAGR of 5.46% to reach USD 470.39 million by 2030.
What is the current India Rice Seed Market size?
In 2024, the India Rice Seed Market size is expected to reach USD 341.86 million.
