India Rice Seed Market Size

The India Rice Seed Market is projected to experience growth over the forecast period, with a significant emphasis on open-pollinated varieties (OPVs) due to their cost-effectiveness and the self-pollinating nature of rice crops. Despite the higher productivity and disease resistance offered by hybrid seeds, their adoption is limited by high development costs and availability issues. The market's expansion is influenced by the increasing use of commercial seeds for improved yield and quality, alongside the dominance of public sector seed corporations in the rice seed segment.

INSTANT ACCESS

Home Market Analysis Agriculture Research Seeds Research Crop Seeds Research Grain Seeds Research Rice Seed Research India Rice Seed Market Market Size

Market Size of india rice seed Industry

India Rice Seed Market Summary
share button
svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 341.9 Million
svg icon Market Size (2030) USD 470.4 Million
svg icon Largest Share by Breeding Technology Open Pollinated Varieties & Hybrid Derivatives
svg icon CAGR (2024 - 2030) 5.46 %
svg icon Fastest Growing by Breeding Technology Hybrids

Major Players

India Rice Seed Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

WHY BUY FROM US?

1. CRISP & INSIGHTFUL
2. TRUE BOTTOM-UP
3. EXHAUSTIVENESS
4. TRANSPARENCY
5. CONVENIENCE
KNOW MORE

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

Icon image

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

Icon image

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

Icon image

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

Icon image

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

Icon image

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 Market

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
Hybrids
Non-Transgenic Hybrids
Open Pollinated Varieties & Hybrid Derivatives
State
Andhra Pradesh
Assam
Bihar
Chhattisgarh
Odisha
Punjab
Tamil Nadu
Telangana
Uttar Pradesh
West Bengal
Other States
Need A Different Region Or Segment?
Customize Now

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.

Explore More >

India Rice Seed Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Breeding Technology

      1. 1.1.1 Hybrids

        1. 1.1.1.1 Non-Transgenic Hybrids

      2. 1.1.2 Open Pollinated Varieties & Hybrid Derivatives

    2. 1.2 State

      1. 1.2.1 Andhra Pradesh

      2. 1.2.2 Assam

      3. 1.2.3 Bihar

      4. 1.2.4 Chhattisgarh

      5. 1.2.5 Odisha

      6. 1.2.6 Punjab

      7. 1.2.7 Tamil Nadu

      8. 1.2.8 Telangana

      9. 1.2.9 Uttar Pradesh

      10. 1.2.10 West Bengal

      11. 1.2.11 Other States

India Rice Seed Market Size FAQs

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.

In 2024, the India Rice Seed Market size is expected to reach USD 341.86 million.

India Rice Seed Market Report Snapshots

India Rice Seed Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030