Rice Seeds Market Size, Share, Growth, Trends, and Forecast 2030

Rice Seeds Industry Prospective:

The global rice seeds market size was evaluated at $6.7 billion in 2022 and is slated to hit $11.3 billion by the end of 2030 with a CAGR of nearly 6.8% between 2023 and 2030.

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Rice Seeds Market: Overview

Rice is consumed as a staple diet across the globe. It is a seed of Oryza glaberrima or L. Oryza sativa. Furthermore, seeds of rice are utilized as bioreactors for manufacturing human pharmaceuticals including peptides or therapeutic proteins.  Apparently, rice seed producing tools have myriad benefits as compared to animal cell or microbe systems in terms of cost-efficiency, output, scalability, and safety. Rice seed-based man-made medicines are predicted to be new edible drug therapies. In addition to this, rice seeds are used for manufacturing drugs for oral therapy in humans.

Moreover, rice can be a good source of vitamin B and also prove to be an excellent source of minerals such as manganese & magnesium. Brown rice comprises antioxidants & high proportion of vitamins while white rice consists of folic acid, phosphorous, niacin, iron, thiamine, omega-6 fatty acids, and selenium.

Key Insights

• As per the analysis shared by our research analyst, the global rice seeds market is projected to expand annually at the annual growth rate of around 6.8% over the forecast timespan (2023-2030)
• In terms of revenue, the global rice seeds market size was evaluated at nearly $6.7 billion in 2022 and is expected to reach $11.3 billion by 2030.
• The global rice seeds market is anticipated to grow rapidly over the forecast timeline owing to the constant technological breakthroughs in domains such as biotechnology, molecular biology, and genomics have led to improvements in hybrid rice breeding.
• In terms of grain size, the medium-sized segment is slated to register the highest CAGR over the forecast period.
• Based on type, the hybrid pollinated varieties segment is projected to lead the segmental space in the upcoming years.
• Based on hybridization technique, the two-line segment is projected to dominate the segmental growth in the forecast timeline.
• Region-wise, the North American rice seeds industry is projected to register the fastest CAGR over the forecast timeline.

Rice Seeds Market: Growth Factors

Breakthroughs in biotechnology domain will steer the growth of the global market over 2023-2030

Constant technological breakthroughs in domains such as biotechnology, molecular biology, and genomics have led to improvements in hybrid rice breeding. This will steer the growth of the global rice seeds market over the upcoming years. Furthermore, hybrid rice seed production system used by farmers in China improved the rice output potential by nearly 15 % to 20%. Additionally, proper harvesting assists in enhancing the vigor of hybrid rice seeds. Apparently, high vigor hybrid rice seeds can sustain against tough climatic conditions at the time of processing as well as production of rice. This will further boost the global rice seeds market trends.

Moreover, the current research activities and growing private-public partnership trend in hybrid rice seed production will escalate the expansion of the global market over the estimated timeline. New product launches are predicted to make notable contributions towards the global market earnings. For instance, in November 2023, Nuziveedu Seeds Limited introduced Pushkal, a paddy variety, for defining cultivation of rice in India. In May 2022, Bayer Vietnam launched a new seed treatment solution for helping farmers effectively handle issues related to rice blast to garner high crop yields.

Rice Seeds Market: Restraints

Huge material costs can put brakes on the global industry surge in the upcoming years

High raw material costs along with a growing population in emerging economies restricting the export of rice seeds can impede the global rice seeds industry expansion. Reportedly, farmers are getting lower incentives on the sale of crops to various retailers or wholesalers and this aspect is likely to impact the growth of the industry across the globe.  

Rice Seeds Market: Opportunities

An increase in the loan disbursement to farmers at no interest can create new vistas of growth for the global market

Technological breakthroughs in the domains of biochemistry, genetic biology, and nanotechnology will open new growth avenues for the global rice seeds market. A rise in the reimbursement of loans with zero interest and the providing of fertilizers & pesticides to farmers at subsidized rates will create a plethora of growth opportunities for the market across the globe in the years to come.

Rice Seeds Market: Challenges

Stringent state regulations related to genetically modified products can prove to be a big deterrence to the growth of the global industry

Strict government laws related to genetic modifications for enhancing rice seed output can prove to be a huge challenge for the global rice seeds industry expansion. Moreover, less availability of arable land and water resources along with the commercialization of fake hybrid rice seeds can decimate the expansion of the industry globally. Apart from this, the easy availability of counterfeit & fake products can decline the growth of the industry globally.

Rice Seeds Market: Segmentation

The global rice seeds market is sectored into grain size, type, treatment, hybridization technique, and region.

In terms of grain size, the rice seeds market across the globe is segregated into medium-sized, short-sized, and long-sized segments. Furthermore, the medium-sized segment, which acquired about 56% of the global market revenue in 2022, is anticipated to register the highest CAGR during the period from 2023 to 2030. Moreover, the segmental expansion in the coming eight years can be due to their ability to get easily cooked along with their consistent texture. For the record, medium-sized rice seeds are utilized in the preparation of a large number of cuisines in the APAC region.

Based on the type, the global rice seeds industry is divided into open-pollinated varieties and hybrid pollinated varieties segments. Moreover, the hybrid pollinated varieties segment, which led the type segment in 2022, is set to dominate the segmental surge over the projected timeline. The growth of the segment over the period from 2023 to 2030 can be subject to the ability of a hybrid pollinated variety of rice seeds to combat pathogens along with their capacity to survive in harsh climatic conditions. Furthermore, hybrid seeds enhance rice output even when water & land resources are scarcely available.

Based on the hybridization technique, the rice seeds market globally is sectored into three-line and two-line segments. Furthermore, the two-line segment, which acquired about 60%% of the global market earnings in 2022, is expected to register the fastest CAGR during the period from 2023 to 2030. Moreover, the segmental growth in the coming seven years can be subject to various benefits offered by the two-line hybridization technique to the farmers. This includes no requirement of maintainer lines and no negative impact due to sterile cytoplasm.

Based on the treatment, the global rice seeds market is divided into untreated seeds and treated seeds segments.

Rice Seeds Market: Report Scope

Rice Seeds Market: Regional Insights

Asia-Pacific is projected to set a strong grip on the global rice seeds market over the period of 2023-2030

Asia-Pacific, which accounted for nearly 55% of the global rice seeds market share in 2022, will be the leading region in the coming seven years. Moreover, the regional market expansion over the forecast timespan can be ascribed to the large-scale adoption of open pollinated rice varieties as well as hybrid rice seeds in the countries such as Thailand, China, and India. In addition to this, the surge in the intake of rice in Sri Lanka, Vietnam, Bangladesh, Philippines, and Myanmar will elongate the expansion of the rice seeds industry in the years to come. The presence of key players in the region will steer the growth of the market in the region.

North American rice seeds industry is set to register the fastest cumulative annual growth rate in the forecast years. The growth of the industry in the sub-continent in the next few years can be due to favourable government laws promoting tilling of land for growing rice to fulfil the food demand of the growing population in the countries such as Canada and the U.S.

Rice Seeds Market: Competitive Space

The global rice seeds market profiles key players such as:

• Mahindra Agri Solutions Pvt. Ltd.
• Rallis India Limited
• Nuziveedu Seeds Limited (NSL)
• Bayer CropScience Limited
• Savannah Seeds Private Limited
• Ajeet Seeds Pvt. Ltd.
• Syngenta
• Pan Seeds Pvt. Ltd.
• Mahyco
• DuPont Pioneer
• Kaveri Seeds
• Biostadt India Limited

The global rice seeds market is segmented as follows:

By Grain Size

• Medium-Sized
• Short-Sized
• Long-Sized

By Type

• Open-Pollinated Varieties
• Hybrid Pollinated Varieties

By Treatment

• Untreated Seeds
• Treated Seeds

By Hybridization Technique

• Three-Line
• Two-Line

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa