Seed Market Research Reports, Seed Industry Analysis-Ken Research

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The Outlook For The Asian Rice Seed Market-Ken
Research
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Introduction The global rice seed industry
analysis is valued to be worth over USD 6 Billion
in the year 2017 and is expected to grow with a
CAGR of 7.4 for the period 2018-2023. The
relatively slow growth of the market is due to
the fact that most of the rice produced is used
for domestic consumption with a very small
portion being exported for trade. The dominance
of rice seeds is noted primarily in the Asia
Pacific region with Asia Pacific having 90 of
the market share in 2016. The next largest market
is Africa with a market share of 4.95.
Technological advancement and increased adoption
of technology into agriculture in countries like
India and China is expected to lead to Asia
Pacific being the fastest growing market as well.
The Seed Industry analysis explains the current
scenario and the market opportunity for the rice
seed market. Production Level Approximately 9
of the rice produced globally is exported. The
primary producers of rice seed market are the
Asia Pacific countries as they are also the
primary consumers of rice, with deficits being
adjusted between neighboring countries. There has
been an increase in attempts to export more
quantities of rice there by helping rice
contribute to trade levels. There have been
attempts to boost rice seed production and trade
using co operational efforts between countries.
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For example, the RISTE project aims at developing
and enabling the environment to promote seed
trade and knowledge-sharing on HYV rice seeds
between India and Bangladesh. Environment Aside
from the predominant consumption patterns that
exist for Asia Pacific countries which have led
to them being the major consumers of rice, the
environment for the growth of rice is ideally
suited in Asia Pacific regions with wet
marshlands that have adequate rainfall. Rice is
the main source of income for hundreds of
thousands of rural farmers and is one of the
predominant crops in India and China. The
importance of cultivating rice is not just for
consumption but also as a source of livelihood
for many farmers in the Asia Pacific region. The
main countries producing rice are China, India,
Vietnam and Thailand. These 4 countries make up
about 75 of the Asia Pacific production. Hybrid
Rice Considering the major increase in
popularity with hybrid plants which has been
growing since the 1980s, there have been many
introductions of hybridization into rice seeds as
well. Although there is no mainstream variety of
Genetically Modified rice sold commercially,
several have been approved for commercialization.
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There are several organizations around the world,
including IRRI, that are using genetic
modification tools to produce superior strains of
rice. IRRI is developing a way to commercially
launch a Genetically Modified variety of rice,
called Golden Rice, which is expected to offer a
practical solution to the shortage in dietary
vitamin A. Golden Rice was one of the seven
winners of the 2015 Patents for Humanity Awards
by the United States Patent and Trademark Office.
The variety is still under development. With
increasing anticipated demand for food grains,
the adoption of GM rice seeds for commercial
farming is not far away. In 2015, hybrid rice
seed production in China was calculated at
239,000 metric tons, similar to the production in
2014, whereas acreage increased by 4, to 97,000
hectares. The total supply in 2015-2016 was
estimated at 339,000 metric tons, including
100,000 metric tons in carry-in stocks. Owing to
the success of hybrid rice technology in China,
in 1989, systematic research efforts on hybrid
rice were initiated in India, when the Indian
Council of Agricultural Research (ICAR) launched
a special goal-oriented and time-bound project on
the Promotion of research and development
efforts on hybrids in selected crops.  
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Development Zinc-enriched Boro paddy BRRI-62 and
BRRI-74 varieties invented by the Bangladesh Rice
Research Institute (BRRI) have been seeing
success through high yield cultivation in
multiple farms across various districts in
Bangladesh. These varieties give the expected
yield within 100 days and those have been found
to be safe from blast disease attack. Farmers in
Bangladesh are patiently waiting to grow these
strains saying they would cultivate the plant if
the seeds became available in the market In 2018,
1,500 farmers have cultivated zinc-enriched Boro
paddy on roughly 350 acres of land at 65 villages
of 18 unions of the district while only 50
farmers cultivated the variety when the project
started in 2013.This represents a major increase
in participation for the cultivation of rice. The
zinc-enriched Boro paddy can be harvested within
100 days of planting and may yield close to 2000
Kilos per acre if nurtured properly. The local
varieties contain 9 to 12 milligrams of zinc per
kg while the newly invented zinc-enriched variety
contains around 24 milligrams. The cultivation of
rice from these seeds presents a major solution
for people suffering from Zinc deficiency,
especially women and children. To know more,
click on the link below https//www.kenresearch.c
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