Global Rice Seed Market is valued at approximately USD 6.75 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.0% over the forecast period 2022-2028. Rice seeds are grown with direct seeding, rice seed is sown and sprouted directly into the field. Increasing production of rice, worldwide and rising growth in the farming industry are factors contributing to the market growth. For instance: according to Statista, the worldwide rice acreage went from 161.77 million hectares in the year 2019 to 164.19 million hectares, in the year 2020. However, ongoing COVID-19 pandemic and stiff competition between the private players impede the growth of the market over the forecast period of 2022-2028. Also, rapid advancement in technology and strategic initiatives by the private players are likely to increase the growth of the market in the forecasting period.
The regional analysis of the global Rice Seed market includes Asia Pacific, North America, Europe, Latin America and Rest of the World for analysis and estimation. Asia Pacific is the leading region across the world in terms of market share owing to the rising worldwide population. Whereas, North America is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. Rising food production would create lucrative growth prospects for the Rice Seed market across North America region.
Major market players included in this report are:
Guard Rice Mills
UPL Limited
Sakata
ChemChina Corporation (Syngenta)
Corteva Agriscience
Groupe Limagrain
KWS AG
Takii & Co. Ltd
Nuzivedu Seeds
Pannar Seeds
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Hybrid
Open Pollinated
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019,2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Rice Seed Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors