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The rice seeds market is estimated to account for USD 5.47 billion in 2018 and is projected to reach USD 7.62 billion by 2023, at a CAGR of 6.85% during the forecast period. The benefits associated with the adoption of commercial rice seeds is a major factor contributing to the growth of this market globally. The economic growth of the in developing countries and the increased R&D expenses in the agriculture industry drives the growth of this market.
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MarketsandMarkets™ Presents Rice Seeds Market - Forecast to 2023 https://www.marketsandmarkets.com/Market-Reports/rice-seed-market-129962473.html
The report "Rice Seeds Market by Type (Hybrid and Open-Pollinated Varieties), Grain Size (Long, Medium, and Short), Hybridization Technique (Two-Line and Three-Line), Treatment (Treated and Untreated Seeds), and Region - Global Forecast to 2023", The rice seeds market is projected to reach USD 7.62 billion by 2023, from USD 5.47 billion in 2018, at a CAGR of 6.85% during the forecast period. The market is driven by factors such as the increasing technological advances in rice breeding, declining prices of hybrid rice seeds, growing adoption of hybrid rice seeds in the developed and developing countries, and rising seed replacement rate for paddy across Asian countries. Browse 100 market data Tables and 51 Figures spread through 179 Pages and in-depth TOC on "Rice Seeds Market - Global Forecast to 2023" The benefits associated with the adoption of commercial rice seeds is a major factor contributing to the growth of this market globally. The economic growth of the in developing countries and the increased R&D expenses in the agriculture industry drives the growth of this market. The major seed manufacturing companies have been expanding their product portfolio in the Asian countries. Strong support from the government in terms of subsidies for hybrid seeds has encouraged farmers to adopt this technology in developing countries as well. The decline in prices of hybrid seeds, to bridge the difference between hybrids and OPV seeds, has also encouraged key players to invest in the market. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=129962473
The objectives of the report are as follows: • Determining and projecting the size of the rice seeds market, with respect to type, hybridization technique, treatment, grain size, and regional markets, over a five-year period ranging from 2018 to 2023. • Identifying attractive opportunities in the market by determining the largest and fastest-growing segments across regions. • Analyzing the demand-side factors based on the impact of macro and microeconomic factors on the market and shifts in demand patterns across different subsegments and regions. • Asia Pacific accounted for the largest share in the rice seeds market in 2017, followed by North America due to the high adoption of commercial open-pollinated varieties and hybrid rice seeds over farm-saved seeds to increase rice yield in countries such as China, India, Thailand, and the US. Development of improved hybrid seeds and the subsidy benefits provided by the government to encourage adoption of hybrid seeds over farm-saved or OPV seeds have contributed to the growth for this market. The major factors restraining the adoption of hybrid seeds are their high cost as compared to OPV seeds and the lack of awareness about the advantages of hybrids on crop yield and profit margins. Also, lack of skilled professionals and infrastructural facilities in the developing countries for hybridization techniques is projected to hinder the growth potential of this market. • Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=43206052
Target Audience • The stakeholders for the report are as follows: • Biotechnological companies • Genetic solution providers • Plant & livestock breeders • Public and private research institutions, agencies, and laboratories • Commercial seed manufacturers (including both GM and non-GM seed manufacturers) • Concerned government authorities and seed and plant breeding associations • Scope of the Report: • Based on Type, the market has been segmented as follows: • Open-pollinated varieties • Commercial hybrids • Based on Treatment, the market has been segmented as follows: • Treated • Untreated • Based on Grain Size, the market has been segmented as follows: • Long grains • Medium-sized grains • Short grains • Request Sample: https://www.marketsandmarkets.com/requestsample.asp?id=129962473
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