Market Size of myanmar rice seed Industry
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 19.94 Million |
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Market Size (2030) | USD 26.56 Million |
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Largest Share by Breeding Technology | Open Pollinated Varieties & Hybrid Derivatives |
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CAGR (2024 - 2030) | 4.90 % |
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Fastest Growing by Breeding Technology | Hybrids |
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Market Concentration | Medium |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Myanmar Rice Seed Market Analysis
The Myanmar Rice Seed Market size is estimated at 19.94 million USD in 2024, and is expected to reach 26.56 million USD by 2030, growing at a CAGR of 4.90% during the forecast period (2024-2030).
19.94 Million
Market Size in 2024 (USD)
26.56 Million
Market Size in 2030 (USD)
6.17 %
CAGR (2017-2023)
4.90 %
CAGR (2024-2030)
Largest Market by Breeding Technology
95.71 %
value share, Open Pollinated Varieties & Hybrid Derivatives, 2023
In Myanmar, rice is mainly cultivated using open-pollinated varieties and hybrid derivatives due to the low cost of seeds, low input requirements, and non-popularity of hybrids.
Fastest-growing Market by Breeding Technology
5.18 %
Projected CAGR, Hybrids, 2024-2030
The rapid growth of hybrids is mainly due to the development of hybrid varieties by major companies that are high-yielding and biotic and abiotic stress-resistant.
Leading Market Player1
18.32 %
market share, SL Agritech Corporation (SLAC), 2022
The company is the market leader due to its continuous product innovation and testing of hybrid rice varieties in different locations of the country for wider adaptability.
Leading Market Player2
12.82 %
market share, Dagon Group of Companies, 2022
It is one of the market leaders due to its wide portfolio. It offers hybrid rice seeds that are pest-resistant and stress-tolerant under local conditions.
Leading Market Player3
8.94 %
market share, Bayer AG, 2022
The company is the market leader due to its wide portfolio and offers hybrid rice seeds that are pest-resistant and stress-tolerant under the Arize brand.
Open-pollinated varieties dominated Myanmar's rice seed market
- Hybrid rice held a 4.3% share of Myanmar's rice seed market in 2022. On a global scale, Myanmar ranked seventh in rice production that year, signaling its potential to emerge as a leading rice exporter.
- Hybrids offer advantages like higher productivity, adaptability, and resilience to both biotic and abiotic stresses. For instance, in the case of rice, hybrids yield 50% more than conventional varieties. Their adaptability stems from a robust capacity to buffer against environmental fluctuations. The rising demand for organic produce can be attributed to its perceived health benefits, avoidance of chemical usage, and evolving food consumption patterns.
- Factors such as the absence of transgenic rice varieties, a 100% seed replacement rate each season, concerns over food security amid population growth, and the hybrids' resistance to stresses are fueling the market for non-transgenic hybrids in Myanmar.
- In 2022, open-pollinated varieties dominated Myanmar's rice seed market, capturing a significant 95.7% share. This dominance is projected to continue, with a projected CAGR of 4.9% during the forecast period. The growth is likely to be driven by factors like affordability, adaptability to local conditions, low input requirements, and the intermittent unavailability of hybrids across crops.
- The Myanmar Rice Seed Project is actively developing diverse hybrids and supporting rice cultivars with inputs tailored to the country's needs. Notable hybrid varieties include Paw San – Super Premium, Paw San – Premium, Emata rice/white rice, and Emata rice.
- Considering these dynamics, hybrids are expected to be the fastest-growing segment in the rice seed market, with a CAGR of 5.25% during the forecast period.
Myanmar Rice Seed Industry Segmentation
Hybrids, Open Pollinated Varieties & Hybrid Derivatives are covered as segments by Breeding Technology.
- Hybrid rice held a 4.3% share of Myanmar's rice seed market in 2022. On a global scale, Myanmar ranked seventh in rice production that year, signaling its potential to emerge as a leading rice exporter.
- Hybrids offer advantages like higher productivity, adaptability, and resilience to both biotic and abiotic stresses. For instance, in the case of rice, hybrids yield 50% more than conventional varieties. Their adaptability stems from a robust capacity to buffer against environmental fluctuations. The rising demand for organic produce can be attributed to its perceived health benefits, avoidance of chemical usage, and evolving food consumption patterns.
- Factors such as the absence of transgenic rice varieties, a 100% seed replacement rate each season, concerns over food security amid population growth, and the hybrids' resistance to stresses are fueling the market for non-transgenic hybrids in Myanmar.
- In 2022, open-pollinated varieties dominated Myanmar's rice seed market, capturing a significant 95.7% share. This dominance is projected to continue, with a projected CAGR of 4.9% during the forecast period. The growth is likely to be driven by factors like affordability, adaptability to local conditions, low input requirements, and the intermittent unavailability of hybrids across crops.
- The Myanmar Rice Seed Project is actively developing diverse hybrids and supporting rice cultivars with inputs tailored to the country's needs. Notable hybrid varieties include Paw San – Super Premium, Paw San – Premium, Emata rice/white rice, and Emata rice.
- Considering these dynamics, hybrids are expected to be the fastest-growing segment in the rice seed market, with a CAGR of 5.25% during the forecast period.
| Breeding Technology | |||
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| Open Pollinated Varieties & Hybrid Derivatives |
Myanmar Rice Seed Market Size Summary
The Myanmar rice seed market is poised for growth, driven by the increasing demand for rice as a staple food and the adoption of hybrid seeds. Hybrid rice varieties are gaining traction due to their higher productivity and resilience to environmental stresses, making them a preferred choice for farmers facing challenges such as drought and disease. The market is characterized by a significant presence of open-pollinated varieties, which dominate due to their affordability and adaptability to local conditions. However, the development of diverse hybrid varieties tailored to Myanmar's agricultural needs is expected to accelerate the growth of the hybrid segment. The country's strategic focus on enhancing rice production through technological advancements, such as the Rice Portal Mobile Application, underscores the importance of rice cultivation in Myanmar's agricultural landscape.
The rice seed market in Myanmar is moderately consolidated, with major players like Bayer AG, Myanma Awba Group, and SL Agritech Corporation leading the industry. These companies are investing in improved seed varieties to address the challenges posed by diseases and environmental fluctuations. The demand for disease-resistant and high-yield seed varieties is expected to rise, driven by the need to mitigate crop losses and enhance productivity. As Myanmar continues to grapple with issues like water scarcity and farmland abandonment, the adoption of hybrid seeds is anticipated to play a crucial role in expanding the rice cultivation area. This growth trajectory is supported by the country's position as a significant rice producer on a global scale, with potential to emerge as a leading rice exporter.
Myanmar 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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Myanmar Rice Seed Market Size FAQs
How big is the Myanmar Rice Seed Market?
The Myanmar Rice Seed Market size is expected to reach USD 19.94 million in 2024 and grow at a CAGR of 4.90% to reach USD 26.56 million by 2030.
What is the current Myanmar Rice Seed Market size?
In 2024, the Myanmar Rice Seed Market size is expected to reach USD 19.94 million.
