Market Trends of philippines rice seed Industry
The Philippines focuses on rice cultivation to meet staple food demand, with OPVs dominating due to the low cost of seeds benefiting small scale-farmers
- The Philippines is one of the major rice-producing countries in the Asia-Pacific region, accounting for 3.4% of the total area. Rice is an important staple food for 80% of the population and a rich income source for many farmers. In the Philippines, the area under rice production was 4.8 million hectares in 2022. It is the eighth-largest country in terms of the area of rice cultivation. The acreage increased by 6.2% from 2016 to 2022 due to the rising demand for quality rice with increasing living standards. The major rice cultivation areas in the Philippines are Luzon, Western Visayas, Southern Mindanao, and Central Mindanao. Almost 60% of the harvested rice area is irrigated, and most of the remaining rice is grown in lowland rainfed conditions. More than 40% of the national rice production area was in Luzon.
- In the country, out of the rice production area in 2022, hybrid rice was cultivated on 584.2 thousand hectares, which was less than the acreage of open-pollinated varieties and hybrid derivatives, as OPVs accounted for 86.7% of the area cultivated. This high share of acreage was due to low-cost seeds, as the country mostly has small and marginal farmers. However, hybrid rice acreage is growing faster than OPVs, which may boost productivity.
- Growing concerns about self-sufficiency, increasing rice stocks as it is a major staple food consumed across the country, increasing availability of commercial seeds, adoption of transgenic rice, and the rising rice cultivation area are expected to drive the country's rice seed market during the forecast period.
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Increased demand for advanced disease-resistant and wider adaptability rice seeds to help in high-yield productivity through partnerships is driving the growth of the market
- In the Philippines, rice is the most grown staple food crop. Wider adaptability is the most adopted trait in rice cultivation due to changes in soil conditions with the demand for high yield and nutritional value from produced crops. For instance, seed varieties such as S6003 and S9001 Kharif by Syngenta AG and SL-20H provide higher yields with early maturity in different conditions. Moreover, seed companies popularly offer other major traits: resistance to bacterial blight, brown plant hopper, rice blast, and heat at the heading stage. Major seed companies include Bayer AG, DCM Shriram Ltd (Bioseed), Corteva Agriscience, and SeedWorks International Pvt. Ltd offers rice seeds resistant to common diseases such as bacterial blight and rice blasts.
- Weather conditions are changing in the country, and to help growers produce a high quantity of good quality rice, the Philippine Rice Research Institute (PhilRice) and the International Rice Research Institute (IRRI) offer rice varieties that are drought-tolerant and can better survive during water stress conditions. Additionally, in 2021, Bioseed, a subsidiary of DCM Shriram, signed a partnership agreement with IRRI (International Rice Research Institute) to develop rice varieties for the Philippines, which are resistant to drought and flood conditions. Therefore, the development of drought-tolerant seed varieties is expected to increase during the forecast period to meet the high demand of growers.
- An increase in new varieties, such as disease-resistant and drought-tolerant varieties, are being developed to meet the demand for rice seeds. These are expected to help the market's growth during the forecast period.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Traditional breeding is the most common technique in rice as it is a self-pollinated crop
