Increasing Adoption Of Hybrid Seeds For High Productivity - Influence The Rice Seed Market Globally

With the increasing world population, the demand for the rice to fulfill the increasing food consumption is anticipated to rise in the coming years. However, due to the availability of limited water and land resources, the increase in rice production poses a challenge for farmers. There is a strong need to increase the production of commodities such as rice to meet the rising food demand, especially in developing countries of Asia and Africa. It is anticipated that the global rice demand will reach 550 million tonnes a year by 2030, and two-thirds of this demand will come from Asia alone. The gap in supply and demand could lead to increased prices if no steps are taken today.

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Hence, there is a strong need for technological innovations to explore the potential of rice production in the coming years. Research organizations such as the International Rice Research Institute (IRRI) are making alliances and partnerships with various stakeholders in the rice seeds market to find innovative solutions to address such problems. These alliances are focused on advanced technologies such as hybrid, inbred rice programs, breeding technologies, sustainable rice cultivation, and others. The initiative between Corteva & IRRI and the International Fund for Agricultural Development (IFAD) & the Global Environmental Facility (GEF) are few such examples.

Another solution to address the growing demand for rice is to increase the productivity of rice seeds. In the past few years, rice productivity is either stagnated or declined in some regions of the world, mainly due to marginal improvements in the potential of rice yield. The development of hybrid seeds offers a solution for countries to enhance rice productivity and to achieve self-sufficiency in rice production. The increasing technological advancements in the field of molecular biology, biotechnology, and genomics have led to substantial improvements in hybrid rice breeding. In addition to this, the ongoing research and development investments and rising trend of public-private partnership (PPP) in the field of hybrid rice seed production have further led to increased adoption of hybrid seeds, especially among the commercial farmers. All these factors are anticipated to drive the demand for hybrid seeds during the forecast period.

Some of the key players in the global rice seed market include BASF SE, Bayer AG., E. I. du Pont de Nemours and Company, Guard Rice Mills, Kaveri Seed Company Ltd., Maharastra Hybrid Seeds Company Private Limited (Mahyco), Nuziveedu Seeds Ltd. (NSL), Rallis India Limited, Rasi Seeds (P) Ltd., and SL Agritech Corporation, among others.

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