Market Size of philippines rice seed Industry
| 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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*Disclaimer: Major Players sorted in no particular 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.
Understand The Key Trends Shaping This Market
