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Download Free sampleThe global Hybrid Rice Seeds market was valued at 2705.15 Million USD in 2021 and will grow with a CAGR of 1.33% from 2021 to 2027, based on Research newly published report.
The prime objective of Hybrid Rice Seeds Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Hybrid Rice Seeds Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
A hybrid is the product of a cross between two genetically distinct rice parents. When the right parents are selected, the hybrid will have both greater vigor and yield than either of the parents. Due to hybrid vigor, hybrid rice has 15-30% yield advantage over the conventional rice that farmers grow. Rice cultivation using hybrid rice seeds has been reported to produce higher economic returns when compared to the economic returns of conventional rice varieties. This is due to the significant yield the hybrid rice seeds over conventional rice seeds. Also, the milling yield of hybrid rice seeds was found to be the same, or in some cases better than the milling yield of conventional rice seeds. This advantage of cultivation with hybrid rice seeds is likely to encourage poor farmers to shift from conventional rice seeds to hybrid rice seeds.The industry`s leading manufacturers are Bayer CropScience, Longping High-Tech and Dupont Pioneer, with a combined revenue share of 16.91% in 2019.
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