Press Release

Global Consumption Of Hybrid Rice Seeds Expected At A CAGR Of 5.27% During The Forecast Period

Date : Feb 21, 2019

The Global consumption of hybrid rice seeds grew at a CAGR of 5.27% during the forecast period 2013-2017. In 2013, the total consumption in the global market was 356,230 MT, which increased to 437,480 MT in 2017.

Global Hybrid Rice Seeds Market: Drivers and Restraints

A decent percentage of yield advantage over conventional rice due to its hybrid vigor is expected to increase the demand for hybrid rice during the forecast period. Development of new varieties of hybrid rice seeds could set the tone for valuable growth of the market.

The need to conserve natural resources and support sustainable rice production in emerging economies is increasing the number of partnerships between different organizations. This is predicted to bode well for the hybrid rice seeds market in developing regions such as Asia Pacific.

However, the expensive cost of hybrid rice seeds could slow down the growth of the market. Another factor that could provide headwinds to the market is the lack of skilled manpower.

Global Hybrid Rice Seeds Market: Forecast by Type

On the basis of type, the global hybrid rice seeds market sees a classification into 2-line breeding systems and 3-line breeding systems. Among the two, 3-line breeding systems are foretold to hold a larger share of the market. In 2017, this segment collected a 77.87% share, whereas 2-line breeding systems took a 22.13% share.

Global Hybrid Rice Seeds Market: Forecast by Region

China is the country that shows the largest consumption of hybrid rice seeds. In 2017, it collected a consumption share of 63.56% of the global hybrid rice seeds market. Annually, an estimated 15 Mn Ha or 50% of the total rice area in China is covered by hybrid rice.

Southeast Asia is also prophesied to become a prominent market for hybrid rice seeds in terms of consumption. Between 2013 and 2017, it exhibited an average growth rate of 5.25%.

Other geographies studied in the report are India, Europe, and North America.

Global Hybrid Rice Seeds Market: Competitive Analysis

The global hybrid rice seeds market is foreseen to witness the presence of more investors in the near future. Investors could remain optimistic about the growth of the market during the forecast period. The demand for rice is seeing continuous growth in the presence of high competition in the market.

Owing to a large number of vendors operating in the global hybrid rice seeds market, the competition has become quite intensive. With a view to improve their share in the market, vendors are focusing on the development of their breeding technology. Currently, the technology is not that advanced as expected.

CMS and gametocide lines have been used as part of significant efforts made to commercially exploit hybrid rice since the last decade or so.

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