COMPETITIVE PLAYERS OF GLOBAL BASMATI RICE SEED MARKET

The global seed market size was estimated to account for a value of USD 55.4 billion in the last financial year 2019 which will be projected to reach a value of USD 86.0 billion by 2025. The growing demands of seeds around the world are driving market growth in the future.

About Hybrid Seeds

·         Hybrid Basmati Rice Seeds are generated by the cross-pollination of the plants. The characteristic of the seeds are called the next generation seeds because the quality and productivity of the seeds are the same as genetically modified seeds. The market has a huge demand for Hybrid Seed. Since the 20^th Century, the seeds are a major contributor to the rice industrial growth enormously.

Factors Affecting the Growth of Hybrid Seed Market

·         With the help of major research and development, some breeding companies are taking initiative to produce large volumes of seeds which have disease and pest resistance properties. The developed seeds also have water resistance and heat resistance capacity.

·         Adverse climate conditions of some countries are one of the major factors for the growing demand of the hybrid seeds in the global market.

Major Players of Hybrid Seed Market

The Global Hybrid Markets are operating some major key players. Some of the major players worldwide are as follows:

·         Advanta Ltd.

·         Dow Agrosciences LLC.

·         E.I. DuPont De Nemours and Company.

·         Emerald Seed Inc.

·         Monsanto Company

·         Syngenta A.G. 

Global Hybrid Seed Market Growth

·         Based on the region, the hybrid seed market has been classified under North America, Europe, Asia-Pacific, Middle-East, Latin America, and Africa. Among all other countries, the Asia Pacific region has the largest seed market worldwide.

·         India accounted for a well grounded market share for hybrid seed. After India, South Korea is another target market for hybrid seeds.

·         The increasing demand from countries like North America and European regions are driving the growth of the seed market. Favorable market price and trade systems are also one of the reasons to grow the seed market globally.

·         There is also a growing demand for the seed from food processing industries around the world.