Market Size of rice seed Industry
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 5.87 Billion |
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Market Size (2030) | USD 7.33 Billion |
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Largest Share by Breeding Technology | Open Pollinated Varieties & Hybrid Derivatives |
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CAGR (2024 - 2030) | 3.76 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Rice Seed Market Analysis
The Rice Seed Market size is estimated at 5.87 billion USD in 2024, and is expected to reach 7.33 billion USD by 2030, growing at a CAGR of 3.76% during the forecast period (2024-2030).
5.87 Billion
Market Size in 2024 (USD)
7.33 Billion
Market Size in 2030 (USD)
3.44 %
CAGR (2017-2023)
3.76 %
CAGR (2024-2030)
Largest Market by Breeding Technology
64.75 %
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.
Largest Market by Country
24.79 %
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
3.95 %
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
11.22 %
Projected CAGR, Ukraine, 2024-2030
Ukraine is the fastest-growing country as the population is changing its diet from wheat to rice, and there is an abundance of water available for cultivating rice.
Leading Market Player
11.95 %
market share, Bayer AG, 2022
Bayer AG is the leader in the rice market due to regular product innovations, the production of a hybrid variety of rice, and investments in research and development (R&D).
Asia-Pacific is the largest producer of rice with higher adoption of GM seeds in the Philippines and China, which will help in driving the sales of improved seed varieties
- In 2022, rice seed accounted for 9.3% of the global row crops seed market. Rice is the staple food consumed in many countries, such as India, China, and the Philippines, with high demand for consumption throughout the year.
- Globally, hybrids accounted for 35.4% of the market in 2022, whereas OPVs accounted for 64.6% in the same period due to the inferior grain quality of rice and the high input requirements of hybrids.
- Asia-Pacific was the largest region by rice production, and its seed market accounted for 74.3% of the global market in 2022. The increasing demand for consumption with the development of new rice varieties and higher cultivation areas is driving the market in the region. China was the largest adopter of hybrid rice seeds, and the country had the largest hybrid rice seed market in 2022, which accounted for 54.6% of the hybrid segment. Moreover, the demand for higher resistance to diseases and wider adaptability are driving the demand for hybrid seeds in the global market.
- In 2022, herbicide-tolerant rice seeds had a market share of 14%. The United States approved the most herbicide-tolerant rice seeds because the government was encouraging the introduction of more GM crops. Other traits are emerging as the Philippines approved the cultivation of golden rice in the country.
- China, which produces rice using insect-resistant transgenic hybrids, accounted for 100% of the global insect-resistant segment due to the availability of these seed varieties with resistance to insects as they help reduce crop loss by 80%-90%.
- The increase in the concerns for productivity and the demand for consumption and self-sufficiency is expected to drive the rice seed market with a CAGR of 3.8% during the forecast period.
Asia-Pacific dominated the global rice seed market as rice is the staple food in the region and is produced in large quantities
- The rice seed market accounted for 8.3% of the global seed market value in 2022. The market value increased by 18.1% between 2017 to 2022. Asia-Pacific held about 74.3% of the global rice seed market in 2022, as rice is the staple food in the region and is produced in large quantities. Globally, the largest rice-producing countries are China, India, Indonesia, and Bangladesh.
- In 2022, China and India accounted for about 37.6% of the global rice seed market due to high consumption (about 65% of the population consumes rice in these countries) and increased rice production using hybrid seeds. Therefore, the demand for rice seeds is anticipated to increase further during the forecast period.
- The commercially cultivated area for rice in India increased by 7.0% between 2017 and 2022, as about 60% of the population in the country consumes rice. It is also a leading producer of rice and caters to global demand. Thus, the demand for rice seeds is likely to increase during the forecast period.
- The demand for hybrid seeds for rice is anticipated to increase during the forecast period due to continuous research activities to produce different hybrid seed varieties for rice. For instance, in 2018, the United States approved the production of golden hybrid rice.
- Rice production in North America was 8.0 million metric ton in 2017, which reached more than 8.7 million metric ton in 2021. The increased demand for American rice in developing countries and approvals for GM rice seed varieties are projected to boost the growth of the North American rice seed market during the forecast period.
- Thus, due to the increased production and demand for rice, the segment is estimated to experience steady growth during the forecast period.
Rice Seed Industry Segmentation
Hybrids, Open Pollinated Varieties & Hybrid Derivatives are covered as segments by Breeding Technology. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.
- In 2022, rice seed accounted for 9.3% of the global row crops seed market. Rice is the staple food consumed in many countries, such as India, China, and the Philippines, with high demand for consumption throughout the year.
- Globally, hybrids accounted for 35.4% of the market in 2022, whereas OPVs accounted for 64.6% in the same period due to the inferior grain quality of rice and the high input requirements of hybrids.
- Asia-Pacific was the largest region by rice production, and its seed market accounted for 74.3% of the global market in 2022. The increasing demand for consumption with the development of new rice varieties and higher cultivation areas is driving the market in the region. China was the largest adopter of hybrid rice seeds, and the country had the largest hybrid rice seed market in 2022, which accounted for 54.6% of the hybrid segment. Moreover, the demand for higher resistance to diseases and wider adaptability are driving the demand for hybrid seeds in the global market.
- In 2022, herbicide-tolerant rice seeds had a market share of 14%. The United States approved the most herbicide-tolerant rice seeds because the government was encouraging the introduction of more GM crops. Other traits are emerging as the Philippines approved the cultivation of golden rice in the country.
- China, which produces rice using insect-resistant transgenic hybrids, accounted for 100% of the global insect-resistant segment due to the availability of these seed varieties with resistance to insects as they help reduce crop loss by 80%-90%.
- The increase in the concerns for productivity and the demand for consumption and self-sufficiency is expected to drive the rice seed market with a CAGR of 3.8% during the forecast period.
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Rice Seed Market Size Summary
The rice seed market is a significant segment of the global agricultural industry, driven by the staple nature of rice as a primary food source for a substantial portion of the world's population. The market is characterized by a diverse range of seed varieties, including hybrids and open-pollinated varieties (OPVs), with hybrids gaining traction due to their potential for higher yields and disease resistance. The Asia-Pacific region dominates the market, accounting for a substantial share of global rice production and seed demand, with countries like China and India leading in both consumption and production. The increasing adoption of hybrid seeds, particularly in China, is fueled by the need for higher resistance to diseases and adaptability to varying climatic conditions. The market is also witnessing a growing interest in genetically modified (GM) seeds, such as herbicide-tolerant and insect-resistant varieties, which are gaining approval in regions like the United States and the Philippines.
The rice seed market is expected to experience steady growth over the forecast period, driven by factors such as rising global demand for rice, government initiatives to boost domestic production, and advancements in seed technology. The development of new rice varieties with traits like drought tolerance and disease resistance is crucial in meeting the challenges posed by changing climatic conditions and pest pressures. The market is fragmented, with major players like Advanta Seeds - UPL, Bayer AG, Corteva Agriscience, SL Agritech Corporation, and Syngenta Group playing pivotal roles in innovation and collaboration. Strategic partnerships and investments in research and development are expected to enhance the availability of superior seed varieties, further propelling market growth. As the demand for rice continues to rise, the market is poised for expansion, supported by ongoing efforts to improve seed quality and agricultural productivity.
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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1.1.1.2 Transgenic Hybrids
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1.1.1.2.1 Herbicide Tolerant Hybrids
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1.1.1.2.2 Insect Resistant Hybrids
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1.1.1.2.3 Other Traits
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1.1.2 Open Pollinated Varieties & Hybrid Derivatives
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1.2 Region
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1.2.1 Africa
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1.2.1.1 By Breeding Technology
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1.2.1.2 By Country
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1.2.1.2.1 Egypt
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1.2.1.2.2 Ethiopia
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1.2.1.2.3 Ghana
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1.2.1.2.4 Kenya
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1.2.1.2.5 Nigeria
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1.2.1.2.6 South Africa
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1.2.1.2.7 Tanzania
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1.2.1.2.8 Rest of Africa
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1.2.2 Asia-Pacific
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1.2.2.1 By Breeding Technology
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1.2.2.2 By Country
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1.2.2.2.1 Australia
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1.2.2.2.2 Bangladesh
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1.2.2.2.3 China
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1.2.2.2.4 India
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1.2.2.2.5 Indonesia
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1.2.2.2.6 Japan
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1.2.2.2.7 Myanmar
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1.2.2.2.8 Pakistan
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1.2.2.2.9 Philippines
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1.2.2.2.10 Thailand
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1.2.2.2.11 Vietnam
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1.2.2.2.12 Rest of Asia-Pacific
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1.2.3 Europe
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1.2.3.1 By Breeding Technology
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1.2.3.2 By Country
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1.2.3.2.1 France
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1.2.3.2.2 Italy
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1.2.3.2.3 Romania
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1.2.3.2.4 Russia
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1.2.3.2.5 Spain
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1.2.3.2.6 Turkey
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1.2.3.2.7 Ukraine
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1.2.3.2.8 Rest of Europe
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1.2.4 Middle East
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1.2.4.1 By Breeding Technology
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1.2.4.2 By Country
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1.2.4.2.1 Iran
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1.2.4.2.2 Rest of Middle East
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1.2.5 North America
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1.2.5.1 By Breeding Technology
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1.2.5.2 By Country
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1.2.5.2.1 Mexico
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1.2.5.2.2 United States
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1.2.5.2.3 Rest of North America
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1.2.6 South America
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1.2.6.1 By Breeding Technology
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1.2.6.2 By Country
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1.2.6.2.1 Argentina
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1.2.6.2.2 Brazil
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1.2.6.2.3 Rest of South America
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Rice Seed Market Size FAQs
How big is the Global Rice Seed Market?
The Global Rice Seed Market size is expected to reach USD 5.87 billion in 2024 and grow at a CAGR of 3.76% to reach USD 7.33 billion by 2030.
What is the current Global Rice Seed Market size?
In 2024, the Global Rice Seed Market size is expected to reach USD 5.87 billion.
