Philippines Hybrid Rice Seed Market Report and Forecast 2024-2032

Philippines Hybrid Rice Seed Market Size

The Philippines hybrid rice seed market is projected to grow at a CAGR of 5.3% between 2024 and 2032. The market is being driven by the increasing awareness to build food security in the region by the government.

Philippines Hybrid Rice Seed Market Outlook

• Nearly 74% of the Philippines’ population is unable to afford healthy food in 2021.

• The Philippines’ Department of Agriculture plans to promote the cultivation of hybrid rice seeds on 1.5 million hectares of land.

• The Global Food Security Index ranked the Philippines at the 67th position out of 113 countries in 2022.

Philippines Hybrid Rice Seed Market Growth

As per the Philippine Statistics Authority, the nation’s self-sufficiency ratio of pork, chicken, tuna, and rice declined to 90% in 2022. As per a United Nations report, nearly 51 million people did not have access to healthy food in the Philippines in 2022. This has prompted increasing government initiatives towards the promotion of food security in the country through the distribution of hybrid rice seeds to poor farmers.

From January to November 2022, the National Rice Program enabled 1.06 million farmers and over 3000 cooperatives to source hybrid rice seeds in the Philippines, besides obtaining government support for production, harvesting, and small-scale irrigation machinery. The Rice Competitiveness Enhancement Fund Program has also enabled over 10,000 rice farmers and nearly 200 cooperative organisations to borrow no-collateral and zero-interest funds for rice cultivation. This has resulted in a substantial increase in hybrid rice yields, from 7MT to 15MT in recent years.

Farmers in the country have achieved a 41% increase in rice yields through the usage of hybrid rice seeds as compared to inbred conventional seeds. In 2022, the SSR for round scad declined to 80% in the Philippines. Nearly 50% of all those people facing severe/moderate food insecurity are present in the Philippines. Hybrid rice seeds have a significant potential to increase the food security of the country and boost its economic growth rate.

Philippines Hybrid Rice Seed Industry Segmentation

Philippines Hybrid Rice Seed Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Transgenic

• Non-Transgenic

Market Breakup by Grain Size

• Long

• Medium

• Short

Philippines Hybrid Rice Seed Market Share

Based on grain size, the market is segmented into long, medium, and short. Over the forecast period, long-size rice grains are expected to grow at a CAGR of 5.6% as it is non-sticky and have wide-ranging applications.

Leading Companies in the Philippines Hybrid Rice Seed Market

In February 2022, Bayer AG established its largest Global Business Services (GBS) site in Manila to celebrate 60 years of its presence in the Philippines, with a total investment of PhP 750 million.

• Bayer AG

• Corteva Inc.

• Syngenta AG

• SL Agritech Corporation (SLAC)

• UPL Ltd. (Advanta Hybrid Rice Seed Philippines Inc.)

• Bioseed Research Philippines Inc.

• SeedWorks Philippines, Inc.

• Others

Key Highlights of the Report

Philippines Hybrid Rice Seed Market Report Snapshots

Philippines Hybrid Rice Seed Market Size

Philippines Hybrid Rice Seed Market Growth

Philippines Hybrid Rice Seed Market Share

Philippines Hybrid Rice Seed Companies