Market Trends of asia-pacific rice seed Industry
India dominated the acreage under rice cultivation in the region due to favorable climatic conditions
- Asia-Pacific is one of the major rice-producing regions globally, as rice is considered the staple food for most Asia-Pacific countries such as India, China, and Indonesia. In 2022, Asia-Pacific accounted for 142.6 million hectares under rice cultivation. The area under cultivation of rice in the region increased by 2% between 2017 and 2022. During the historical period, there was fluctuation in the acreage due to unfavorable climatic conditions for rice cultivation.
- India occupied the major share of the area under rice cultivation, with 32.7% of the region's acreage in 2022, owing to the favorable climatic conditions and the higher demand for rice in the region. Around 36% of India’s total rice production is from West Bengal, accounting for 13.62% of the total rice produced in India; Uttar Pradesh accounted for 12.81% and Punjab accounted for 9.96% in 2021.
- China and Bangladesh were the major countries after India concerning the area under rice cultivation, which accounted for 20% and 8% of the regions’ rice acreage in 2022, respectively. In China, Hunan Province had the largest rice planting area in the country, with a total of 4 million hectares in 2022, and the highest production in the country, with 26.02 million metric ton, in 2021. The domestic demand for rice is increasing due to the increase in the population. To substantiate the demand, double-season rice cropping systems are being developed in the Hunan and Jiangxi provinces in China, thereby driving the rice seed market in the country.
- Therefore, the increased demand for rice to substantiate the growing population and rice being the staple food in the region are the factors driving the acreage under rice cultivation during the forecast period.
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Drought tolerance and disease resistance are the popular rice seed varieties in the region, driving the growth of market
- Rice is a staple food in Asia-Pacific because the region consumes rice as a meal at least once daily. China and India are major rice producers globally and have a high demand for seeds resistant to diseases such as seedling blight, grain rot, and other bacterial diseases. Brands such as Bayer AG's Arize Tej Gold provide resistance to seeding blight, and Vina Seed's Thein Uu8 variety provides resistance to different diseases such as blast and sheath blight. Crops are also affected by biotic stresses and different pests such as Tryporyza incertulas and Gundhi bugs. In China and the Philippines, the major traits popularly used by growers are hybrids resistant to bacterial blight, brown plantoppers, rice blast, and heat at the heading stage. A good quality harvest has a desirable whole rice rate and amylose content.
- Drought tolerance is one of the major traits produced by seed companies as there have been changes in the climatic conditions, leading to high demand for this seed variety from the growers. For instance, in 2022, China suffered drier conditions than normal rainfall conditions, which was expected to help increase the demand for drought-tolerant seed varieties as well as wider adaptability traits.
- In 2020, the International Rice Research Institute (IRRI) signed a partnership agreement with hybrid seed-producing company Bioseed to develop new hybrid seed varieties for rice. Therefore, an increase in research activities and the increasing demand for hybrid seeds for resistance to diseases are expected to help the rice seed market grow during the forecast period.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Traditional breeding techniques are most used for rice seed development in the region, and transgenic hybrid rice seeds are limited to a few countries in the region
