Philippines Rice Seed Market Size
| Icons | Lable | Value |
|---|---|---|
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 556.4 Million |
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Market Size (2030) | USD 686.5 Million |
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Largest Share by Breeding Technology | Open Pollinated Varieties & Hybrid Derivatives |
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CAGR (2024 - 2030) | 3.56 % |
|
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Fastest Growing by Breeding Technology | Hybrids |
Major Players |
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|
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*Disclaimer: Major Players sorted in alphabetical order. |
Philippines Rice Seed Market Analysis
The Philippines Rice Seed Market size is estimated at 556.4 million USD in 2024, and is expected to reach 686.5 million USD by 2030, growing at a CAGR of 3.56% during the forecast period (2024-2030).
556.4 Million
Market Size in 2024 (USD)
686.5 Million
Market Size in 2030 (USD)
1.96 %
CAGR (2017-2023)
3.56 %
CAGR (2024-2030)
Largest Market by Breeding Technology
84.99 %
value share, Open Pollinated Varieties & Hybrid Derivatives, 2023
In the Philippines, 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
4.52 %
Projected CAGR, Hybrids, 2024-2030
The rapid growth of hybrids is expected mainly due to the high yield and commercialization of transgenic golden rice in the country, which has great health benefits.
Leading Market Player1
7.76 %
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.
Leading Market Player2
6.46 %
market share, Syngenta Group, 2022
The company is one of the market leaders due to its hybrid varieties of rice that are resistant to various diseases and drought, have long grain sizes, and have high yield potential.
Leading Market Player3
5.85 %
market share, SL Agritech Corporation (SLAC), 2022
It is one of the market leaders in offering hybrid rice seeds that are high-yielding and suitable for all agro-climatic regions of the country in both wet and dry seasons.
Increased efforts by the government to increase the penetration rate of hybrid and introduction of transgenic varieties are driving the market growth
- Open-pollinated varieties and hybrid derivatives dominated the rice seed market in the Philippines compared to hybrid rice seeds in 2022. They held a share of around 85.2% with a market value of USD 441.6 million, whereas hybrid seeds held 14.8% of the country's rice seed market in 2022. Despite government strategies to convert the cultivated land area to hybrid, its penetration rate was shallow, and the adoption rate in the country was below 15%.
- Open-pollinated varieties are heavily planted in areas where farmers cannot afford the high cost of hybrid seeds. The main benefit of OPVs is that farmers do not have to buy seeds for subsequent plantings and can save on input costs as these seeds require fewer fertilizers and are less expensive than hybrid seeds.
- Hybrids accounted for a market value of USD 76.7 million in 2022, projected to increase at a CAGR of 4.6% during the forecast period, reaching USD 110.3 million by 2030. The increased hybrid share was mainly due to the need to increase production to meet the country's rising consumption demand.
- The transgenic rice grown commercially in the Philippines was golden rice (GR), which accounted for 4.2% of the country’s hybrid rice seed market in 2022. Golden rice (GR) is a transgenic rice variety that is an effective source of vitamin A. Moreover, the transgenic segment is projected to grow at a CAGR of 5.3% during the forecast period (2024-2030). The high growth rate is mainly due to the rising demand for golden rice, as the Philippines is the first country globally to grow this variety commercially.
- Increased efforts from the government to increase the penetration rate of hybrid and the introduction of transgenic varieties are the factors driving the market's growth.
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Philippines Rice Seed Market Trends
The Philippines focuses on rice cultivation to meet staple food demand, with OPVs dominating due to the low cost of seeds benefiting small scale-farmers
- The Philippines is one of the major rice-producing countries in the Asia-Pacific region, accounting for 3.4% of the total area. Rice is an important staple food for 80% of the population and a rich income source for many farmers. In the Philippines, the area under rice production was 4.8 million hectares in 2022. It is the eighth-largest country in terms of the area of rice cultivation. The acreage increased by 6.2% from 2016 to 2022 due to the rising demand for quality rice with increasing living standards. The major rice cultivation areas in the Philippines are Luzon, Western Visayas, Southern Mindanao, and Central Mindanao. Almost 60% of the harvested rice area is irrigated, and most of the remaining rice is grown in lowland rainfed conditions. More than 40% of the national rice production area was in Luzon.
- In the country, out of the rice production area in 2022, hybrid rice was cultivated on 584.2 thousand hectares, which was less than the acreage of open-pollinated varieties and hybrid derivatives, as OPVs accounted for 86.7% of the area cultivated. This high share of acreage was due to low-cost seeds, as the country mostly has small and marginal farmers. However, hybrid rice acreage is growing faster than OPVs, which may boost productivity.
- Growing concerns about self-sufficiency, increasing rice stocks as it is a major staple food consumed across the country, increasing availability of commercial seeds, adoption of transgenic rice, and the rising rice cultivation area are expected to drive the country's rice seed market during the forecast period.
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Increased demand for advanced disease-resistant and wider adaptability rice seeds to help in high-yield productivity through partnerships is driving the growth of the market
- In the Philippines, rice is the most grown staple food crop. Wider adaptability is the most adopted trait in rice cultivation due to changes in soil conditions with the demand for high yield and nutritional value from produced crops. For instance, seed varieties such as S6003 and S9001 Kharif by Syngenta AG and SL-20H provide higher yields with early maturity in different conditions. Moreover, seed companies popularly offer other major traits: resistance to bacterial blight, brown plant hopper, rice blast, and heat at the heading stage. Major seed companies include Bayer AG, DCM Shriram Ltd (Bioseed), Corteva Agriscience, and SeedWorks International Pvt. Ltd offers rice seeds resistant to common diseases such as bacterial blight and rice blasts.
- Weather conditions are changing in the country, and to help growers produce a high quantity of good quality rice, the Philippine Rice Research Institute (PhilRice) and the International Rice Research Institute (IRRI) offer rice varieties that are drought-tolerant and can better survive during water stress conditions. Additionally, in 2021, Bioseed, a subsidiary of DCM Shriram, signed a partnership agreement with IRRI (International Rice Research Institute) to develop rice varieties for the Philippines, which are resistant to drought and flood conditions. Therefore, the development of drought-tolerant seed varieties is expected to increase during the forecast period to meet the high demand of growers.
- An increase in new varieties, such as disease-resistant and drought-tolerant varieties, are being developed to meet the demand for rice seeds. These are expected to help the market's growth during the forecast period.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Traditional breeding is the most common technique in rice as it is a self-pollinated crop
Philippines Rice Seed Industry Overview
The Philippines Rice Seed Market is fragmented, with the top five companies occupying 23.64%. The major players in this market are Advanta Seeds - UPL, Bayer AG, SL Agritech Corporation (SLAC), Syngenta Group and Yuan Longping High-Tech Agriculture Co. Ltd (sorted alphabetically).
Philippines Rice Seed Market Leaders
Advanta Seeds - UPL
Bayer AG
SL Agritech Corporation (SLAC)
Syngenta Group
Yuan Longping High-Tech Agriculture Co. Ltd
Other important companies include Corteva Agriscience, DCM Shriram Ltd (Bioseed), SeedWorks International Pvt. Ltd, VIETNAM NATIONAL SEED GROUP (Vinaseed).
*Disclaimer: Major Players sorted in alphabetical order.
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Philippines Rice Seed Market News
- November 2022: Agritech Corporation (SLAC) and the Bangladesh Agricultural Development Corp (BDAC) signed a memorandum of agreement (MOA) for the production of SL-8H F1 seeds. This agreement is a significant step in strengthening agricultural technology development and collaboration between the Philippines and Bangladesh.
- October 2022: SL Agritech Corporation (SLAC) has raised USD 728 million through the issuance of commercial papers. The funds generated from these issuances will be utilized to meet the company's short-term obligations and purchase rice and seed inventories from its contract growers.
- June 2021: Bioseed, a subsidiary of DCM Shriram, launched a Bio-Innovation Center through the IRRI (International Rice Research Institute) partnership. It is a new initiative focused on research products and innovations.
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We provide a complimentary and exhaustive set of data points on regional and country-level metrics that present the fundamental structure of the industry. Presented in the form of 90+ free charts, the section covers difficult-to-find data from various regions regarding the area under cultivation for different crops within the scope
Philippines Rice Seed Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Area Under Cultivation
2.2. Most Popular Traits
2.3. Breeding Techniques
2.4. Regulatory Framework
2.5. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)
3.1. Breeding Technology
3.1.1. Hybrids
3.1.1.1. Non-Transgenic Hybrids
3.1.1.2. Transgenic Hybrids
3.1.1.2.1. Other Traits
3.1.2. Open Pollinated Varieties & Hybrid Derivatives
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles
4.4.1. Advanta Seeds - UPL
4.4.2. Bayer AG
4.4.3. Corteva Agriscience
4.4.4. DCM Shriram Ltd (Bioseed)
4.4.5. SeedWorks International Pvt. Ltd
4.4.6. SL Agritech Corporation (SLAC)
4.4.7. Syngenta Group
4.4.8. VIETNAM NATIONAL SEED GROUP (Vinaseed)
4.4.9. Yuan Longping High-Tech Agriculture Co. Ltd
5. KEY STRATEGIC QUESTIONS FOR SEEDS CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Global Market Size and DROs
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- AREA UNDER CULTIVATION OF RICE, HECTARE, PHILIPPINES, 2017-2022
- Figure 2:
- VALUE SHARE OF MAJOR RICE TRAITS, %, PHILIPPINES, 2022
- Figure 3:
- VALUE SHARE OF RICE BREEDING TECHNIQUES, %, PHILIPPINES, 2022
- Figure 4:
- VOLUME OF RICE SEED, METRIC TON, PHILIPPINES, 2017 - 2030
- Figure 5:
- VALUE OF RICE SEED, USD, PHILIPPINES, 2017 - 2030
- Figure 6:
- VOLUME OF RICE SEED BY BREEDING TECHNOLOGY CATEGORIES, METRIC TON, PHILIPPINES, 2017 - 2030
- Figure 7:
- VALUE OF RICE SEED BY BREEDING TECHNOLOGY CATEGORIES, USD, PHILIPPINES, 2017 - 2030
- Figure 8:
- VOLUME SHARE OF RICE SEED BY BREEDING TECHNOLOGY CATEGORIES, %, PHILIPPINES, 2017 VS 2023 VS 2030
- Figure 9:
- VALUE SHARE OF RICE SEED BY BREEDING TECHNOLOGY CATEGORIES, %, PHILIPPINES, 2017 VS 2023 VS 2030
- Figure 10:
- VOLUME OF RICE SEED BY HYBRIDS CATEGORIES, METRIC TON, PHILIPPINES, 2017 - 2030
- Figure 11:
- VALUE OF RICE SEED BY HYBRIDS CATEGORIES, USD, PHILIPPINES, 2017 - 2030
- Figure 12:
- VOLUME SHARE OF RICE SEED BY HYBRIDS CATEGORIES, %, PHILIPPINES, 2017 VS 2023 VS 2030
- Figure 13:
- VALUE SHARE OF RICE SEED BY HYBRIDS CATEGORIES, %, PHILIPPINES, 2017 VS 2023 VS 2030
- Figure 14:
- VOLUME OF NON-TRANSGENIC HYBRIDS RICE SEED, METRIC TON, PHILIPPINES, 2017 - 2030
- Figure 15:
- VALUE OF NON-TRANSGENIC HYBRIDS RICE SEED, USD, PHILIPPINES, 2017 - 2030
- Figure 16:
- VALUE SHARE OF NON-TRANSGENIC HYBRIDS RICE SEED BY HYBRIDS, %, PHILIPPINES, 2023 AND 2030
- Figure 17:
- VOLUME OF RICE SEED BY TRANSGENIC HYBRIDS CATEGORIES, METRIC TON, PHILIPPINES, 2017 - 2030
- Figure 18:
- VALUE OF RICE SEED BY TRANSGENIC HYBRIDS CATEGORIES, USD, PHILIPPINES, 2017 - 2030
- Figure 19:
- VOLUME SHARE OF RICE SEED BY TRANSGENIC HYBRIDS CATEGORIES, %, PHILIPPINES, 2017 VS 2023 VS 2030
- Figure 20:
- VALUE SHARE OF RICE SEED BY TRANSGENIC HYBRIDS CATEGORIES, %, PHILIPPINES, 2017 VS 2023 VS 2030
- Figure 21:
- VOLUME OF OTHER TRAITS RICE SEED, METRIC TON, PHILIPPINES, 2017 - 2030
- Figure 22:
- VALUE OF OTHER TRAITS RICE SEED, USD, PHILIPPINES, 2017 - 2030
- Figure 23:
- VALUE SHARE OF OTHER TRAITS RICE SEED BY TRANSGENIC HYBRIDS, %, PHILIPPINES, 2023 AND 2030
- Figure 24:
- VOLUME OF OPEN POLLINATED VARIETIES & HYBRID DERIVATIVES RICE SEED, METRIC TON, PHILIPPINES, 2017 - 2030
- Figure 25:
- VALUE OF OPEN POLLINATED VARIETIES & HYBRID DERIVATIVES RICE SEED, USD, PHILIPPINES, 2017 - 2030
- Figure 26:
- VALUE SHARE OF OPEN POLLINATED VARIETIES & HYBRID DERIVATIVES RICE SEED BY BREEDING TECHNOLOGY, %, PHILIPPINES, 2023 AND 2030
- Figure 27:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, PHILIPPINES, 2017-2023
- Figure 28:
- MOST ADOPTED STRATEGIES, COUNT, PHILIPPINES, 2017-2023
- Figure 29:
- VALUE SHARE OF MAJOR PLAYERS, %, PHILIPPINES, 2023
Philippines Rice Seed Industry Segmentation
Hybrids, Open Pollinated Varieties & Hybrid Derivatives are covered as segments by Breeding Technology.
- Open-pollinated varieties and hybrid derivatives dominated the rice seed market in the Philippines compared to hybrid rice seeds in 2022. They held a share of around 85.2% with a market value of USD 441.6 million, whereas hybrid seeds held 14.8% of the country's rice seed market in 2022. Despite government strategies to convert the cultivated land area to hybrid, its penetration rate was shallow, and the adoption rate in the country was below 15%.
- Open-pollinated varieties are heavily planted in areas where farmers cannot afford the high cost of hybrid seeds. The main benefit of OPVs is that farmers do not have to buy seeds for subsequent plantings and can save on input costs as these seeds require fewer fertilizers and are less expensive than hybrid seeds.
- Hybrids accounted for a market value of USD 76.7 million in 2022, projected to increase at a CAGR of 4.6% during the forecast period, reaching USD 110.3 million by 2030. The increased hybrid share was mainly due to the need to increase production to meet the country's rising consumption demand.
- The transgenic rice grown commercially in the Philippines was golden rice (GR), which accounted for 4.2% of the country’s hybrid rice seed market in 2022. Golden rice (GR) is a transgenic rice variety that is an effective source of vitamin A. Moreover, the transgenic segment is projected to grow at a CAGR of 5.3% during the forecast period (2024-2030). The high growth rate is mainly due to the rising demand for golden rice, as the Philippines is the first country globally to grow this variety commercially.
- Increased efforts from the government to increase the penetration rate of hybrid and the introduction of transgenic varieties are the factors driving the market's growth.
| Breeding Technology | ||||||
| ||||||
| Open Pollinated Varieties & Hybrid Derivatives |
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Market Definition
- Commercial Seed - For the purpose of this study, only commercial seeds have been included as part of the scope. Farm-saved Seeds, which are not commercially labeled are excluded from scope, even though a minor percentage of farm-saved seeds are exchanged commercially among farmers. The scope also excludes vegetatively reproduced crops and plant parts, which may be commercially sold in the market.
- Crop Acreage - While calculating the acreage under different crops, the Gross Cropped Area has been considered. Also known as Area Harvested, according to the Food & Agricultural Organization (FAO), this includes the total area cultivated under a particular crop across seasons.
- Seed Replacement Rate - Seed Replacement Rate is the percentage of area sown out of the total area of crop planted in the season by using certified/quality seeds other than the farm-saved seed.
- Protected Cultivation - The report defines protected cultivation as the process of growing crops in a controlled environment. This includes greenhouses, glasshouses, hydroponics, aeroponics, or any other cultivation system that protects the crop against any abiotic stress. However, cultivation in an open field using plastic mulch is excluded from this definition and is included under open field.
| Keyword | Definition |
|---|---|
| Row Crops | These are usually the field crops which include the different crop categories like grains & cereals, oilseeds, fiber crops like cotton, pulses, and forage crops. |
| Solanaceae | These are the family of flowering plants which includes tomato, chili, eggplants, and other crops. |
| Cucurbits | It represents a gourd family consisting of about 965 species in around 95 genera. The major crops considered for this study include Cucumber & Gherkin, Pumpkin and squash, and other crops. |
| Brassicas | It is a genus of plants in the cabbage and mustard family. It includes crops such as carrots, cabbage, cauliflower & broccoli. |
| Roots & Bulbs | The roots and bulbs segment includes onion, garlic, potato, and other crops. |
| Unclassified Vegetables | This segment in the report includes the crops which don’t belong to any of the above-mentioned categories. These include crops such as okra, asparagus, lettuce, peas, spinach, and others. |
| Hybrid Seed | It is the first generation of the seed produced by controlling cross-pollination and by combining two or more varieties, or species. |
| Transgenic Seed | It is a seed that is genetically modified to contain certain desirable input and/or output traits. |
| Non-Transgenic Seed | The seed produced through cross-pollination without any genetic modification. |
| Open-Pollinated Varieties & Hybrid Derivatives | Open-pollinated varieties produce seeds true to type as they cross-pollinate only with other plants of the same variety. |
| Other Solanaceae | The crops considered under other Solanaceae include bell peppers and other different peppers based on the locality of the respective countries. |
| Other Brassicaceae | The crops considered under other brassicas include radishes, turnips, Brussels sprouts, and kale. |
| Other Roots & Bulbs | The crops considered under other roots & bulbs include Sweet Potatoes and cassava. |
| Other Cucurbits | The crops considered under other cucurbits include Watermelon and gourds (bottle gourd, bitter gourd, ridge gourd, Snake gourd, and others). |
| Other Grains & Cereals | The crops considered under other grains & cereals include Barley, Buck Wheat, Canary Seed, Triticale, Oats, Millets, and Rye. |
| Other Fibre Crops | The crops considered under other fibers include Hemp, Jute, Agave fibers, Flax, Kenaf, Ramie, Abaca, Sisal, and Kapok. |
| Other Oilseeds | The crops considered under other oilseeds include Ground nut, Hempseed, Mustard seed, Castor seeds, safflower seeds, Sesame seeds, and Linseeds. |
| Other Forage Crops | The crops considered under other forages include Napier grass, Oat grass, White clover, Ryegrass, and Timothy. Other forage crops were considered based on the locality of the respective countries. |
| Pulses | Pigeon peas, Lentils, Broad and horse beans, Vetches, Chickpeas, Cowpeas, Lupins, and Bambara beans are the crops considered under pulses. |
| Other Unclassified Vegetables | The crops considered under other unclassified vegetables include Artichokes, Cassava Leaves, Leeks, Chicory, and String beans. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: IDENTIFY KEY VARIABLES: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases, and Subscription Platforms
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