Market Size of myanmar rice seed Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 19.94 Million |
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Market Size (2030) | USD 26.56 Million |
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Largest Share by Breeding Technology | Open Pollinated Varieties & Hybrid Derivatives |
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CAGR (2024 - 2030) | 4.90 % |
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Fastest Growing by Breeding Technology | Hybrids |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Myanmar Rice Seed Market Analysis
The Myanmar Rice Seed Market size is estimated at 19.94 million USD in 2024, and is expected to reach 26.56 million USD by 2030, growing at a CAGR of 4.90% during the forecast period (2024-2030).
19.94 Million
Market Size in 2024 (USD)
26.56 Million
Market Size in 2030 (USD)
6.17 %
CAGR (2017-2023)
4.90 %
CAGR (2024-2030)
Largest Market by Breeding Technology
95.71 %
value share, Open Pollinated Varieties & Hybrid Derivatives, 2023
In Myanmar, rice is mainly cultivated using open-pollinated varieties and hybrid derivatives due to the low cost of seeds, low input requirements, and non-popularity of hybrids.
Fastest-growing Market by Breeding Technology
5.18 %
Projected CAGR, Hybrids, 2024-2030
The rapid growth of hybrids is mainly due to the development of hybrid varieties by major companies that are high-yielding and biotic and abiotic stress-resistant.
Leading Market Player1
18.32 %
market share, SL Agritech Corporation (SLAC), 2022
The company is the market leader due to its continuous product innovation and testing of hybrid rice varieties in different locations of the country for wider adaptability.
Leading Market Player2
12.82 %
market share, Dagon Group of Companies, 2022
It is one of the market leaders due to its wide portfolio. It offers hybrid rice seeds that are pest-resistant and stress-tolerant under local conditions.
Leading Market Player3
8.94 %
market share, Bayer AG, 2022
The company is the market leader due to its wide portfolio and offers hybrid rice seeds that are pest-resistant and stress-tolerant under the Arize brand.
Open-pollinated varieties dominated Myanmar's rice seed market
- Hybrid rice held a 4.3% share of Myanmar's rice seed market in 2022. On a global scale, Myanmar ranked seventh in rice production that year, signaling its potential to emerge as a leading rice exporter.
- Hybrids offer advantages like higher productivity, adaptability, and resilience to both biotic and abiotic stresses. For instance, in the case of rice, hybrids yield 50% more than conventional varieties. Their adaptability stems from a robust capacity to buffer against environmental fluctuations. The rising demand for organic produce can be attributed to its perceived health benefits, avoidance of chemical usage, and evolving food consumption patterns.
- Factors such as the absence of transgenic rice varieties, a 100% seed replacement rate each season, concerns over food security amid population growth, and the hybrids' resistance to stresses are fueling the market for non-transgenic hybrids in Myanmar.
- In 2022, open-pollinated varieties dominated Myanmar's rice seed market, capturing a significant 95.7% share. This dominance is projected to continue, with a projected CAGR of 4.9% during the forecast period. The growth is likely to be driven by factors like affordability, adaptability to local conditions, low input requirements, and the intermittent unavailability of hybrids across crops.
- The Myanmar Rice Seed Project is actively developing diverse hybrids and supporting rice cultivars with inputs tailored to the country's needs. Notable hybrid varieties include Paw San – Super Premium, Paw San – Premium, Emata rice/white rice, and Emata rice.
- Considering these dynamics, hybrids are expected to be the fastest-growing segment in the rice seed market, with a CAGR of 5.25% during the forecast period.
Understand The Key Trends Shaping This Market
