The Asia Pacific hybrid rice seeds market was valued at around US$ 1,2 million in 2017 and is expected to register a CAGR of over 6.4%. Hybrid rice is a type of rice that has been bred from two very different parent plants. A specialized seed production process and system is required to keep the seed pure. Hybrids are produced by crossing two inbred – genetically fixed – varieties of a particular crop. Hybrids are special because they express what is called “heterosis” or hybrid vigor.
The Asia Pacific hybrid rice seeds market is segmented on the basis of type and country.
On the basis of type segmentation, 2-line breeding system segment is expected to contribute major revenue share and is expected to maintain its dominance over the forecast period.
On the basis of country segmentation, China is expected to be world’s largest hybrid rice seed manufacturer and consumer. Rice contributes 40% to the total calorie intake of consumers in the country, which is expected to drive market growth over the forecast period.
Key players operating in the Asia Pacific hybrid rice seeds market include 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 SL Agritech Corporation.
Source of Infographics: Hybrid Rice Seeds Market Infographics by MarketResearch