The global hybrid rice seeds market was valued at USD 2.06 billion in 2019 and is projected to grow from USD 2.26 billion in 2020 to USD 5.43 billion by 2027, reflecting a compound annual growth rate (CAGR) of 13.32% during the 2020-2027 period. The anticipated increase in CAGR is driven by the market’s recovery in demand and growth, expected to return to pre-pandemic levels once the pandemic subsides. In 2019, the Asia Pacific region dominated the hybrid rice seeds market, accounting for 89.32% of the global share.

The COVID-19 pandemic had an unprecedented and staggering impact worldwide, leading to a decline in demand for hybrid rice seeds across all regions during the crisis. According to analysis, the global market experienced a slower growth rate of 9.9% in 2020 compared to the average annual growth observed between 2016 and 2019.

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Market Segmentation

The market is segmented based on type, grain size, and geography. By type, it is categorized into 3-line and 2-line breeding systems. For grain size, the market includes long grains, medium grains, and short grains. Geographically, the market is divided into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

What Does the Report Provide?

The report delivers a comprehensive analysis of crucial market elements, including leading companies, prominent product types, and key end-users. It also offers insights into current and emerging market trends while highlighting significant industry developments. Moreover, the report thoroughly examines the drivers, restraints, and segments influencing market growth.

Driving Factors

Rising Global Demand for Rice to Drive Market Growth

The increasing demand for rice, a staple food in many regions worldwide, is expected to fuel growth in the hybrid rice seeds market. According to the Food and Agriculture Organization (FAO), rice plays a vital role in providing nutrition to approximately 33 developing countries. Additionally, the integration of stress tolerance traits into high-yielding hybrid varieties is projected to further boost demand for these seeds.

Restraining Factors

COVID-19 Pandemic Slows Hybrid Rice Seeds Market Growth

The COVID-19 outbreak negatively impacted the global market, resulting in a reduced growth rate of 9.9% in 2020—lower than the average year-on-year growth recorded between 2016 and 2019. The production of hybrid rice seeds demands extensive research and development, raising overall costs. Furthermore, the prolonged process of obtaining regulatory approvals delays production, potentially hindering market expansion.

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Regional Insights

Asia Pacific to Maintain Dominance Due to Strong Demand

Asia Pacific is projected to remain the leading market, with a valuation of USD 1.84 billion in 2019. This growth is attributed to substantial hybrid rice seed production in countries such as China, India, Vietnam, and Thailand. Additionally, regional governments are actively collaborating to boost production. For example, in 2019, the Philippine-Sino Center for Agricultural Technology (PhilSCAT), supported by funding from China, developed four hybrid rice varieties.

Middle East & Africa to Secure Second-Largest Market Share

The Middle East & Africa is anticipated to hold the second-largest market share, driven by the adoption of advanced technologies in hybrid rice seed development and processing. These advancements are expected to improve production capacity in the region.

Competitive Landscape

Mergers and Acquisitions to Fuel Product Innovation

Leading companies are actively pursuing mergers and acquisitions to expand their product portfolios. For instance, in January 2019, RiceTec, Inc. acquired the rice seed assets of Ganga Kaveri Seeds in Hyderabad. This strategic move enabled RiceTec to utilize Ganga Kaveri’s advanced rice seed genetics to develop innovative hybrid rice variants in India.

List of Key Companies Covered in the Global Market:

  • Syngenta AG (Switzerland)
  • Bayer AG (Germany)
  • UPL Ltd. (India)
  • Nath Bio-Genes Ltd. (India)
  • Nirmal Seeds Pvt. Ltd (India)
  • Biostadt India Ltd. (India)
  • Yuan Longping High-tech Agriculture Co., Ltd. (China)
  • Wuhan Comega Seed Co., Ltd. (China)
  • Nuziveedu Seeds Ltd. (India)
  • RiceTec, Inc. (United States)

Industry Developments

  • September 2020: NK Seeds, in partnership with Syngenta, introduced Cropwise Seed Selector, a tool designed to help farmers simplify and enhance the selection process for high-quality hybrid seeds.
  • June 2019: RiceTec, Inc. announced a licensing agreement with Benson Hill, enabling RiceTec to utilize Benson Hill’s technologies to advance its hybrid rice research and development initiatives.

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