Hybrid Rice Seeds Market Prognosticated To Perceive a Superior Growth with 6.4% of CAGR By 2026

The Asia Pacific hybrid rice seeds market was valued at around US$ 1,2 million in 2017 and is expected to register a CAGR of over 6.4%.  Increasing yield as compared to conventional rice seeds is a major factor expected to drive growth of the market over the forecast period. In addition, development of new hybrid rice varieties that are more resistant to various diseases and environmental stress is another factor expected to propel the growth of Asia Pacific hybrid rice seeds market over the forecast period. Promotion of hybrid rice cultivation by government authorities is other factor driving growth of the market.

However, factors such as high cost of hybrid rice seeds and shortage of manpower, especially in developed economies are expected to hamper growth of the Asia Pacific hybrid rice seeds market over the forecast period.

Based on type, the Asia Pacific hybrid seeds market is segmented based on 3-Line Breeding System and 2-Line Breeding System. The 2-line breeding system segment contribute major revenue share as it is a simplified procedure of hybrid seed production.

Country segmentation includes Bangladesh, Pakistan, Vietnam, Philippines, Indonesia, India, Australia, and Rest of APAC. Rest of APAC is expected to contribute major share in terms of revenue in Asia Pacific hybrid rice seeds market and expected to maintain its dominance over the forecast period. This is attributed to the presence of leading producers and consumers of hybrid rice seed as well as presence of prominent players in the countries. Market in India contributes second highest revenue share, followed by Indonesia, Vietnam, Bangladesh.

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The Asia Pacific hybrid rice seeds market in India is account for major revenue share of US$ 159.5 Mn in 2017, while the market in Rest of Asia Pacific is expected to register a lucrative CAGR in next ten years owing to growing demand for rice in the region.

Some prominent players in the Asia Pacific hybrid rice seeds market are DuPont Pioneer, Syngenta, BAYER CropScience AG, Nath Bio-Genes (India) Limited, Advanta Limited, Nirmal Seeds Pvt. Ltd., Yuan Longping High-tech Agriculture Co., Ltd., Hainan Shennong Gene Technology Co., Ltd., WIN-ALL HI-TECH SEED CO., LTD., Hefei Fengle Seed Co., Ltd., Zhongnong Fat Industry Group Co., Ltd., RiceTec, Inc., and cSL Agritech Corporation.

 

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