Deep Analysis of Impact of COVID-19 on “Rice Seeds Market 2019-2025” Growth Worldwide….


The global rice seed market size is expected to reach USD 11.2 billion by 2025, according to a new report by Grand View Research, Inc., registering an 8.1% CAGR during the forecast period. Rice is part of the staple diet in most countries in Asia Pacific and this is expected to have a positive impact on market growth. Furthermore, high popularity of these products in the formulation of various delicacies such as pancakes, cakes, breads, cookies, pastas, and sweets is expected to remain a favorable factor over the next few years. In southern and eastern Asia, rice wine is also very popular, which is likely to keep demand steady. The several nutritional properties that rice possesses is also creating traction in the market.
Over the past few years, some of the companies have been increasing their spending toward the development of rice seeds. In July 2018, the Philippine Center for PostHarvest Mechanization and Development (PhilMech) joined efforts with Murcia, Negros Occidental to launch the “Brown Rice Processing Impeller Technology” project. This project is expected to assist farmers from Murcia in marketing their products along with being profitable with its 72% milling recovery.
Bayer AG, a German multinational life sciences company, in January 2018 launched a hybrid rice seed Arize AZ 8433 DT. The variety is said to be resistant against the most destructive pests and insects, resulting in reduction in the use of pesticides and insecticides, ultimately, saving costs. It is expected to yield 20% to 30% more than other conventional seeds. Bayer has been focusing on pest infestation for a long time and has introduced this product variant using an innovative technology that is built on the marker-assisted breeding technique.
In April 2019, agricultural scientists from China bred 78 new rice varieties and are available under the product line “Green Super Rice”. These varieties have been gaining popularity owing to the fine quality of the harvest, along with high and consistent yield. Their requirements pertaining to fertilizers, pest control, and water are lesser than conventional seeds and can survive rough weather conditions too. The rice seed market for these varieties is projected to be extremely favorable in countries across Asia and Africa.
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https://www.grandviewresearch.com/industry-analysis/rice-seed-market
Organizations from across the globe are forming strategies to benefit from growing product demand. In February 2019, Ricetec announced the use of ClearAg’s artificial intelligence (AI)-based platform for rice modelling research and development. With this, RiceTec will have 24/7 access to smart content pertaining to forecast, field-level current, weather and historical soil intelligence. The move is expected to enhance the sustainability of agriculture systems. Likewise, Savannah Seeds Pvt. Ltd., an Indian company, acquired the assets of Ganga Kaveri & Spriha Seeds in February 2019 to strengthen its foothold in the market.
Further key findings from the report suggest:
·         The hybrid product segment accounted for more than 70.0% of the global revenue in 2018, enjoying a leading position in the market. Hybrid rice seeds possess a number of advantages over conventional variants, such as enhanced yield, vigor, and resistance to disease and pests
·         The long grained segment is expected to register the highest CAGR of 9.2% from 2019 to 2025 owing to their usage in various delicacies.One of the most popular long-grained products is basmati, which is grown exclusively in India and Pakistan
·         Asia Pacific accounted for the dominant share of over 80.0% in 2018. Rice is part of the staple diet in most countries in the region and this is expected to continue driving product demand over the forecast period
·         Europe is projected to be the fastest growing market, with U.K. emerging as the leading revenue generator in 2018
The global rice seed market size was valued at USD 6.5 billion in 2018. Rising demand for rice as a staple food among consumers in developing economies such as China and India is expected to remain a favorable factor. Industry growth is also positively influenced by technologically advanced agricultural practices that have ultimately improved yield and strengthened the supply.
Over the past few years, there has been an increase in consumption of brown rice several Asian countries like India, China, Vietnam, and Malaysia. Medical research has shown that brown rice is much healthier than conventional product variants. A cup of brown rice has 218 calories, along with 44 grams of carbohydrate, 3.5 grams of fiber, 1.8 grams fat, and 5 grams protein. It also includes iron, magnesium, phosphorus, zinc, copper, manganese, selenium, vitamin B1, B3, B5, B6, and vitamin E. This form is highly recommended for diabetic patients as an alternative to conventional rice owing to its high fiber and low calorie composition.
Farmers and agriculturists have been receiving immense support from government and private institutions. Easy availability of agricultural credits, fertilizers, pesticides, contract services, and machinery has resulted in a production boost to cater to the soaring demand. Farmers have also been adopting knowledge-intensive technologies, in addition to support from government and non-profit organizations in the form of technical knowledge required for better crop management practices and enhanced yields. All of these efforts aid in production of quality seeds, which ensure germination, freedom from weed and seed-borne diseases, crop stands, better harvest, and higher profits.
Browse Press Release of this report:                                
https://www.grandviewresearch.com/press-release/global-rice-seeds-market
Grand View Research has segmented the global rice seed market on the basis of product, grain size:
Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 - 2025)
·         Hybrid
·         Open-pollinated Varieties
Grain Size Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 - 2025)
·         Long
·         Medium
·         Short
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


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