Market Size of philippines rice seed Industry
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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 |
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Market Concentration | Low |
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
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.
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| Open Pollinated Varieties & Hybrid Derivatives |
Need A Different Region Or Segment?
Philippines Rice Seed Market Size Summary
The Philippines rice seed market is characterized by a significant presence of open-pollinated varieties and hybrid derivatives, which together dominate the market landscape. Despite government efforts to promote hybrid seeds, their adoption remains limited, primarily due to the high costs associated with these seeds. Open-pollinated varieties are favored by many farmers, particularly those with limited financial resources, as they offer cost savings on subsequent plantings and require fewer inputs. The market is also witnessing a gradual increase in the share of hybrid seeds, driven by the need to boost production to meet rising domestic consumption demands. The introduction of transgenic varieties, such as golden rice, is contributing to market growth, with the Philippines being a pioneer in commercial cultivation of this vitamin A-rich rice.
The rice seed market in the Philippines is expected to expand, supported by government initiatives to enhance hybrid seed penetration and the development of transgenic varieties. The country plays a crucial role in the Asia-Pacific region as a major rice producer, with rice being a staple food for a significant portion of the population and a vital source of income for many farmers. The market is further bolstered by the increasing availability of commercial seeds, the adoption of drought-tolerant and disease-resistant varieties, and collaborations between seed companies and research institutions. These efforts aim to address challenges posed by changing weather conditions and to meet the growing demand for high-yield, nutritious rice crops. The market remains fragmented, with key players actively engaging in partnerships and innovations to strengthen their market positions.
Philippines Rice Seed Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)
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1.1 Breeding Technology
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1.1.1 Hybrids
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1.1.1.1 Non-Transgenic Hybrids
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1.1.1.2 Transgenic Hybrids
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1.1.1.2.1 Other Traits
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1.1.2 Open Pollinated Varieties & Hybrid Derivatives
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Philippines Rice Seed Market Size FAQs
How big is the Philippines Rice Seed Market?
The Philippines Rice Seed Market size is expected to reach USD 556.36 million in 2024 and grow at a CAGR of 3.56% to reach USD 686.49 million by 2030.
What is the current Philippines Rice Seed Market size?
In 2024, the Philippines Rice Seed Market size is expected to reach USD 556.36 million.
