Asia-Pacific Hybrid Rice Seeds Market was worth USD xx billion in 2021 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2026.
Hybrid rice is the product formed by the cross-pollination between two genetically distinct rice parents to get the desired characteristics and products. It is mainly adopted in farming in order to increase yield, resistance against weeds and vigour of the crops. So, with the better results from hybrid rice compared to conventional rice, there is a predominant market grown for hybrid rice seeds in the modern agriculture.
When farmers plant these hybrid rice seeds, they will produce similar plants where the next generation seeds from those hybrid rice seeds consistently may not have the desired characteristics. Due to increased vigour, this rice will have 15-30% yield advantage over the conventional rice that farmers grow. New product innovations and technology advancements in the agriculture industry, many market leaders and government organizations are investing in this market.
Asia-Pacific Hybrid Rice Seeds Market Drivers:
Factors like demand for more yield in the available agricultural area, high-quality and high-yielding seeds used with innovative technology, growing population, decline in the arable land, changing weather conditions, modernization of agriculture, rising utilization of hybrid seeds, ensured food security, favourable government policies in the agriculture sector are driving the growth of Asia-Pacific Hybrid Seeds Market. However, high cost, less shelf life and lack of awareness among the farmers are hindering the growth of the market.
Asia-Pacific Hybrid Rice Seeds Market – By Product Type:
3-line breeding systems
Asia-Pacific Hybrid Rice Seeds Market – By Distribution Channel:
The Asia-Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. Asia-Pacific is projected to have the fastest-growing rate with high CAGR due to the demand for food with rise in population, high investments by the market leaders in this region and emerging economies like China and India.
Major companies dominating the Asia-Pacific Hybrid Seeds Market are Bayer Crop Science, Dupont, Nirmal Seeds, Syngenta, China National Seed Group, RiceTec, Nath, Longping High-tech, Hefei Fengle Seed and Zhongnongfa Seed.
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