Global Rice Seeds Market Forecast to 2023: Commercialization of Fake Hybrid Rice Seeds and Counterfeit of Products a Major Market Challenge
DUBLIN, Oct. 22, 2018 /PRNewswire/ --
The "Rice Seeds Market by Type (Hybrid and Open-Pollinated Varieties), Grain Size (Long, Medium, and Short), Hybridization Technique (Two-Line and Three-Line), Treatment (Treated and Untreated Seeds), and Region - Global Forecast To 2023" report has been added to ResearchAndMarkets.com's offering.
The rice seeds market is estimated to account for USD 5.47 billion in 2018 and is projected to reach USD 7.62 billion by 2023, at a CAGR of 6.85% during the forecast period.
The benefits associated with the adoption of commercial rice seeds is a major factor contributing to the growth of this market globally. The economic growth of developing countries and the increased R&D expenses in the agriculture industry drives the growth of this market.
According to the International Seed Federation (ISF), rice accounted for nearly 5% of the global commercial seeds market in 2014. The major seed manufacturing companies have been expanding their product portfolio in the Asian countries. Strong support from the government in terms of subsidies for hybrid seeds has encouraged farmers to adopt this technology in developing countries as well. The decline in prices of hybrid seeds, to bridge the difference between hybrids and OPV seeds, has also encouraged key players to invest in the market.
Open-pollinated varieties were estimated to dominate the rice seeds market in 2018. Increasing adoption of hybrid seeds and increasing seed replacement rate across the countries of Asia Pacific, particularly in India, Thailand, China, and Vietnam is projected to impact the market growth; however, due to the high prices of hybrid seeds, its adoption has been limited to these developing countries. According to industry experts, even though the consumption of hybrid seeds has been exponentially increasing, particularly in China and India, and hybrid seeds have been increasingly preferred by farmers, the market is dominated by open-pollinated varieties owing to the high price of the hybrids.
The advent of genetically modified rice seeds was projected to boost the rice seeds market, after the success of Bt cotton. Majority of the key players have also invested in the development and support of GM rice projects. The Golden Rice Project supported by Syngenta and the development of GM rice seeds by Mahyco was scheduled to be commercialized in the past few years. However, the stringent regulations against GM technology for edible crops have hindered the commercialization of this technology, and multiple projects got shelved due to the regulatory policies.
Asia Pacific accounted for the largest share in the rice seeds market in 2017, followed by North America due to the high adoption of commercial open-pollinated varieties and hybrid rice seeds over farm-saved seeds to increase rice yield in countries such as China, India, Thailand, and the US. Development of improved hybrid seeds and the subsidy benefits provided by the government to encourage adoption of hybrid seeds over farm-saved or OPV seeds have contributed to the growth for this market. The major factors restraining the adoption of hybrid seeds are their high cost as compared to OPV seeds and the lack of awareness about the advantages of hybrids on crop yield and profit margins. Also, lack of skilled professionals and infrastructural facilities in the developing countries for hybridization techniques is projected to hinder the growth potential of this market.
The global market for rice seeds is dominated by key players such as Bayer (Germany), DowDuPont (US), Syngenta (Switzerland), Advanta Seeds (UPL) (India), and Nuziveedu Seeds (India).
Key Topics Covered:
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Periodization Considered
1.5 Currency Considered
1.6 Unit Considered
1.7 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Key Industry Insights
2.1.2.2 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions
2.5 Limitations
3 Executive Summary
4 Premium Insights
4.1 Opportunities in this Market
4.2 Rice Seeds Market, By Type
4.3 Asia Pacific: Rice Seeds Market, By Grain Size & Country
4.4 Rice Seeds Market, By Treatment & Region
4.5 Market Share, By Key Country
5 Market Overview
5.1 Introduction
5.2 Macroeconomic Indicators
5.2.1 Growing Necessity for Increase in Food Production
5.2.1.1 Growth in Global Population Levels
5.2.1.2 Decline in Arable Land
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increase in Seed Replacement Rate
5.3.1.2 Improved Varieties of Hybrid Seeds for Rice
5.3.2 Restraints
5.3.2.1 Low Margin for Industrial Crops
5.3.2.2 Government Regulations on Genetic Modifications
5.3.3 Opportunities
5.3.3.1 Advent of New Technologies
5.3.3.1.1 Hybrid Technology
5.3.3.1.2 Molecular Breeding
5.3.3.2 Increase in Export Varieties
5.3.3.3 Price Drop in Rice Hybrids
5.3.4 Challenges:
5.3.4.1 Commercialization of Fake Hybrid Rice Seeds and Counterfeit of Products
5.4 Regulatory Framework
5.4.1 North America
5.4.1.1 US
5.4.1.2 Canada
5.4.2 European Union
5.4.3 Asia Pacific
5.4.3.1 India
5.4.3.2 China
5.4.3.3 Bangladesh:
5.4.4 Brazil
5.4.5 South Africa
5.5 Supply Chain Analysis
5.6 Patent Analysis
6 Rice Seeds Market, By Type
6.1 Introduction
6.2 Open-Pollinated Varieties (OPV)
6.3 Hybrids
7 Rice Seeds Market, By Hybridization Technique
7.1 Introduction
7.2 Two-Line System
7.3 Three-Line System
8 Rice Seeds Market, By Treatment
8.1 Introduction
8.2 Treated
8.3 Untreated
9 Rice Seeds Market, By Grain Size
9.1 Introduction
9.2 Long Grains
9.3 Medium-Sized Grains
9.4 Short Grains
10 Rice Seeds Market, By Region
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Italy
10.3.2 Spain
10.3.3 Russia
10.3.4 Greece
10.3.5 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Thailand
10.4.4 Vietnam
10.4.5 Rest of Asia Pacific
10.5 South America
10.5.1 Brazil
10.5.2 Peru
10.5.3 Argentina
10.5.4 Rest of South America
10.6 Rest of the World (RoW)
10.6.1 Nigeria
10.6.2 Egypt
10.6.3 Others in RoW
11 Competitive Landscape
11.1 Overview
11.2 Company Share Analysis and Rankings
11.3 Competitive Scenario
11.3.1 Mergers & Acquisitions
11.3.2 New Product Launches
11.3.3 Agreements, Partnerships, and Joint Ventures
12 Company Profiles
12.1 Bayer
12.2 Dowdupont
12.3 Syngenta
12.4 UPL Advanta
12.5 Nuziveedu Seeds
12.6 Kaveri Seeds
12.7 Rallis India Limited
12.8 Mahyco
12.9 SL Agritech
12.10 Rasi Seeds
12.11 Guard Agri
12.12 JK Seeds
12.13 Hefei Fengle Seeds
12.14 Krishidhan Seeds
12.15 National Seed Corporation
12.16 BASF
12.17 Long Ping Hi-Tech Seeds
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