Rice Seed Market Is Driven By Increasing Due To Increasing Cultivation Of Rice Across The Globe

Rice seed is mostly and widely consumed as one of a staple food among the large population across the globe. Rice seed is the third major agricultural product that is manufactured after maize and sugarcane. Most of the cultivated species of rice seeds are Oryza glaberrima (African rice) and grass species Oryza sativa (Asian rice).

Around 9% of the total rice is produced and traded globally. Rice trade network has developed mainly around Asia. Rice is the Asia’s mostly produced food product and mainly produced for domestic consumption. Increase in number of projects that are helping rice seed trade. The aim of the project RISTE is enabling and developing the environment for promoting seeds knowledge and trade. The aim of producing and manufacturing rice seeds is to improve the capacity of rice growers for producing the quality and standards.

There is an increase in adoption of rice seeds as rice is the staple food product of most of the countries in the region. As many farmers across the globe mostly in Asian countries are cultivating and farming rice seeds the target market is growing rapidly. In addition, government is contributing towards investing capitals for the crop and adopting traditional techniques is also growing at a high pace. Due to the decline in the prices of hybrid seeds which has encouraged many of the key players for investing in the trade of the rice seeds.

There are three rice seeds available on the basis of type such as long-grain rice, medium-grain rice, and short-grain rice. Long-grain rice adoption is more as it is nutritious and healthier to the young generation and due to changing eating habits and increasing disposable income. There are two types of rice seed available in different applications such as agricultural production and scientific research. Most of the farmers cultivate rice seeds for agricultural production because rice is one of the domestic and major food which is required in day to day life and is the staple food product.

Key trend observed in the market is major key players are focusing on strategic merger and acquisition activities in order to expand their customer base and market footprint.

The rice seeds market in North America and Europe will register substantial growth rate over the next 10 years. As most of the population are preferring rice in their daily consumption in countries in the region. In addition, rapid growth of improved hybrid seeds and advantages offered by the government agency for encouraging adoption of hybrid seeds over farm-saved or OPV seeds. Moreover, the market in Asia Pacific is growing due to increasing adoption of advanced technologies such as hybrid and certified seeds.

There are large number of players in the target market including Bayer, Nuziveedu Seeds, Dupont Pioneer, Kaveri, Krishidhan, RiceTec, JK seeds, Mahyco, Longping High-tech, Rasi Seeds, Grand Agriseeds, Syngenta Hefei Fengle, China National Seed, Gansu Dunhuang Seed, Dabei Nong Group, WIN-ALL HI-TECH SEED, Keeplong Seeds, Guangxi Hengmao Agricultural Technology, and Dongya Seed Industry.