Asia Pacific Hybrid Rice Seeds Market to Surpass $7.1 Bn by 2021 and Projected to Reach a Value of $2.2 Bn in 2026 - MarketResearch.biz
05 Jun, 2018, 15:30 BST
NEW YORK, June 5, 2018 /PRNewswire/ --
Most recently generated research study titled, "Asia Pacific Hybrid Rice Seeds Market by Type (3-Line Breeding System and 2-Line Breeding System), By Country (Bangladesh, Pakistan, Vietnam, Philippines, Indonesia, India, Australia, Rest of APAC) -Forecast to 2026.", which offers a holistic view of the hybrid rice seeds market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2017-2021) is projected to be US$ 7.1 Bn, which is expected to increase rather significantly over the latter part of the five-year forecast period. According to report, the Asia Pacific hybrid rice seeds market is projected to reach a value of US$ 2.2 Bn in 2026 at a CAGR of 6.4% over the forecast period.
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A hybrid rice is a variety of rice that is bred from two very different parents. Hybrid rice has both greater vigor and higher yield as compared to parent variety and is commonly called as hybrid vigor. This specialized technique is developed to obtain maximum yield i.e. up to 30% higher than that of conventional varieties. The seed from the first cross of the two different parents is the hybrid variety. This is unlike inbred rice where the seed of a subsequent generation (usually after many inbreeding crosses) is the variety.
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Asia Pacific Hybrid Rice Seeds Market: Market Dynamics
Development of new hybrid rice seeds varieties and increase in the yield of product as compared to conventional rice seeds are major factors expected to drive growth of Asia Pacific hybrid rice seeds market over the forecast period. In addition, increasing number of partnerships among different organizations to support sustainable rice production in developing countries and to conserve natural resources is expected to propel growth of the Asia Pacific hybrid rice seeds market over the forecast period. For instance, in 2017, Food and Agriculture Organization of United Nations (FAO) and the International Rice Research Institute (IRRI) entered into partnership with the objective to promote sustainable rice-based farming systems, through knowledge sharing and exchange.
However, high cost of hybrid rice seeds is a major factor expected to limit growth of Asia Pacific hybrid rice seeds market over the forecast period. This is attributed due to several procedures involved in production of these seeds, which includes thin and row planting, filling gaps, GA3 application, roguing, manual harvesting, and cleaning. In addition, shortage of skilled manpower is another factor expected to limit the growth of the market over the forecast period as hybrid rice seed production is more complex than that of regular rice and the process is required to be carried out by skilled manpower as it involves various risks, especially during the early stages of the process.
Hybrid rice seed producers operating in the target markets can focus on development of hybrid rice seed varieties that are more resistant to various diseases thus creating lucrative opportunities for new as well as existing players operating in the target market.
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Asia Pacific Hybrid Rice Seeds: Market Forecast
The comprehensive research report comprises a complete forecast of the Asia Pacific hybrid rice seeds market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the Asia Pacific hybrid rice seeds market is expected to expand at a moderate CAGR of 6.4% during the forecast period.
Asia Pacific Hybrid Rice Seeds Market: Segmental Snapshot
The market report has been segmented on the basis of type and region. The type segment includes 3-line breeding system and 2-line breeding system. The countries covered in the analysis are Bangladesh, Pakistan, Vietnam, Philippines, Indonesia, India, Australia, and Rest of APAC.
According to global Hybrid Rice Seeds Market Infographics published on MarketResearch.biz, over 7.5% CAGR by type.
By type: 3-line breeding system segment is expected to register a CAGR over 7.5% between 2017 and 2026.
By country: The market in rest of APAC is expected to register a CAGR over 6.5% between 2017 and 2026.
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Asia Pacific Hybrid Rice Seeds Market: Competitive Analysis
The research report on the Asia Pacific hybrid rice seeds market includes profiles of some of major companies such as 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.
The Asia Pacific Hybrid Rice Seeds Market: Industry, Size, Share, Growth, Trends, and Forecast, 2017-2026 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the Asia Pacific Hybrid Rice Seeds Market for 2017-2026.
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