Global Conventional Rice Seed Market Size By Type (Indica Rice, Japonica Rice), By Application (Agricultural Production, Scientific Research), By Region, And Segment Forecasts, 2023 to 2032

The Global Conventional Rice Seed Market was valued at USD 12.4 billion in 2023 and is projected to reach USD 18.9 billion by 2031, growing at a CAGR of 5.6% during the forecast period from 2023 to 2031. The market growth is fueled by the rising global demand for rice as a staple food, increasing adoption of high-yielding conventional rice varieties, and supportive government initiatives to boost rice production. Additionally, growing concerns over genetically modified organisms (GMOs) and consumer preference for non-GMO rice varieties are further propelling market expansion.

Drivers

Rising Global Demand for Rice

Rice is a staple food for over half of the world’s population, and increasing population growth, particularly in Asia and Africa, is driving the demand for conventional rice seeds.

Advancements in Conventional Breeding Techniques

Improved conventional breeding methods have resulted in high-yielding and pest-resistant rice varieties, enhancing overall productivity without genetic modification.

Government Support and Agricultural Policies

Governments in major rice-producing nations, including China, India, and Thailand, are supporting farmers with subsidies, research initiatives, and improved irrigation systems to boost conventional rice production.

Restraints

Climate Change Impact on Rice Cultivation

Erratic weather conditions, including droughts, floods, and temperature fluctuations, pose a challenge to rice farmers, affecting yield stability and quality.

Competition from Hybrid and GM Rice Varieties

Although conventional rice seeds are preferred by many consumers, hybrid and genetically modified rice varieties offer higher yields, creating competition in the market.

Opportunities

Expansion in Emerging Markets

Countries in Africa and Latin America are increasingly investing in rice cultivation to enhance food security, offering lucrative growth opportunities for the conventional rice seed market.

Increasing Demand for Organic and Non-GMO Rice

Growing consumer awareness regarding health and environmental benefits has led to an increased preference for organic and non-GMO rice, boosting demand for conventional rice seeds.

Market by Type Insights

Based on type, the Indica Rice segment dominated the market in 2023, accounting for the largest revenue share. Indica rice is widely grown in Asia, Africa, and Latin America due to its adaptability to tropical and subtropical climates. It is expected to maintain its dominance during the forecast period.

The Japonica Rice segment is also witnessing steady growth, particularly in Japan, China, and parts of Europe, where shorter, stickier rice varieties are preferred for culinary purposes.

Market by End-use Insights

The Commercial Farming segment emerged as the largest revenue contributor in 2023, holding over 60% of the market share. Large-scale rice producers, particularly in China, India, and Thailand, are increasing their investments in high-yielding conventional rice seeds to meet the rising demand.

The Household and Small-Scale Farming segment is also gaining traction, especially in African and Southeast Asian regions, where smallholder farmers are adopting improved conventional rice varieties to boost productivity.

Market by Regional Insights

Asia-Pacific – The largest market for conventional rice seeds, accounting for over 70% of global production. China, India, Indonesia, and Vietnam lead the market due to high domestic consumption and export activities.

Africa – The fastest-growing region, with countries like Nigeria, Madagascar, and Tanzania increasing rice cultivation to reduce import dependency.

North America & Europe – These regions have a growing market for premium-quality, non-GMO, and organic rice varieties, particularly in the health-conscious consumer segment.

Competitive Scenario

Key players in the Global Conventional Rice Seed Market include:

Bayer CropScience AG

Corteva Agriscience

Syngenta AG

Advanta Seeds

Mahyco Seeds

Nuziveedu Seeds

Rasi Seeds

Longping High-Tech

Kaveri Seeds

SL Agritech

These companies are focusing on product innovation, strategic partnerships, and investments in advanced breeding technologies to develop high-yielding, pest-resistant, and climate-resilient conventional rice varieties.

Scope of Work – Global Conventional Rice Seed Market

Key Market Developments

2023 – Bayer CropScience launched a new high-yielding Indica rice variety with improved resistance to pests and diseases.

2024 – Syngenta AG partnered with local seed companies in Africa to introduce improved conventional rice seed varieties.

2025 – Corteva Agriscience announced a $200 million investment in research and development to enhance climate resilience in conventional rice seeds.

FAQs

What is the current market size of the Global Conventional Rice Seed Market?

The market was valued at USD 12.4 billion in 2023.

What is the major growth driver of the Global Conventional Rice Seed Market?

The rising global demand for rice and advancements in conventional breeding are key drivers.

Which is the largest region during the forecast period in the Global Conventional Rice Seed Market?

Asia-Pacific remains the largest market, with China, India, and Indonesia leading production and consumption.

Which segment accounted for the largest market share in the Global Conventional Rice Seed Market?

The Indica Rice segment accounted for the largest market share in 2023.

Who are the key market players in the Global Conventional Rice Seed Market?

Key players include Bayer CropScience AG, Corteva Agriscience, Syngenta AG, Mahyco Seeds, Rasi Seeds, and Longping High-Tech.

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