The 2-line breeding system is expected to be largest segment with a revenue US$ 782.1 Mn in 2017, and is expected to continue its dominance during the forecast period, while 3-line breeding system segment is expected to register a lucrative CAGR in next ten years.
The Asia Pacific hybrid rice seeds market in India is estimated to account for major revenue share of US$ 159.5 Mn in 2017, while the market in Rest of Asia Pacific is expected to register a lucrative CAGR in next ten years owing to growing demand for rice in the region. India is expected to be second fastest growing region. Increasing government initiatives to promote cultivation of hybrid rice through various crop development programs is expected to propel market growth.
Key players operating in the Asia Pacific hybrid rice seeds market include DuPont Pioneer, Syngenta, BAYER CropScience AG, Nath Bio-Genes (India) Limited, Advanta Limited, Nirmal Seeds Pvt. Ltd., Yuan Longping High-tech Agriculture Co., Ltd., Hainan Shennong Gene Technology Co., Ltd., WIN-ALL HI-TECH SEED CO., LTD., Hefei Fengle Seed Co., Ltd., Zhongnong Fat Industry Group Co., Ltd., RiceTec, Inc., and SL Agritech Corporation