Global rice seeds market expected to grow with a CAGR of 8.5pc.

The Global Rice Seeds Market accounted for $5.07 billion in 2018 and is expected to reach $10.56 billion by 2027 growing at a CAGR of 8.5 percent. Increase in seed replacement rate and improved varieties of hybrid seeds for rice are likely to boost the growth of the rice seeds market. However, government regulation on genetic modifications is likely to hamper the profit boundaries. As a cereal grain, rice is the most widely consumed staple food in major parts of the world.

Major cultivated species of rice are the grass species Oryza sativa (Asian rice) and Oryza glaberrima (African rice). In terms of production, rice is...