Memristors Market 2025:Global Size, Key Companies, Trends, Growth and Regional Forecasts Research
The global hybrid rice seeds market size is projected to reach USD 5.43 billion by 2027 owing to the rising
concerns regarding food security worldwide, states Fortune Business Insights™ in its report, titled
“Hybrid Rice Seeds Market, 2020-2027”. The report further states that the global market value was USD
2.06 billion in 2019 and is expected to register a CAGR of 13.32% from 2020 to 2027.
Agriculture has been one of the most affected sectors amid the COVID-19 outbreak. Constant reduction of
crops and other essential items from inventory, coupled with the prolonged halt of the cultivation in the first
quarter of 2020, have raised concerns regarding food security. The hybrid rice seeds market took the blow
as well. The market witnessed a lower growth of 9.9% in 2020 as compared to the average year-on-year
growth during 2016-2019.
Bayer AG to Introduce Flood-resistant Hybrid Rice Variety to the Indian Market
In December 2019, Bayer AG announced that the company is planning to introduce a flood-resistant hybrid
rice variety to the Indian market. The variety has already been launched by the company in Bangladesh and
is awaiting regulatory approvals in India. The launch of this innovative product is predicted to be highly
successful in India, which is an agriculture-driven nation. In addition, this will help save the huge losses the
growers suffer every year because of the floods. For instance, according to the Ministry of Water Resources,
between 1953 and 2017, floods have been responsible for damaging INR 1,679 crore worth of crops every
Fear of Scarcity to Stem the High Growth of Hybrid Rice Seeds
The global consumption of rice is increasing steadily. According to the United Nations Food and Agriculture
Organization (FAO), the total rice production worldwide reached nearly 755 million metric tonnes in 2018.
Rising concerns regarding food security owing to the rapid