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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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 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
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 5.3% between 2024 and 2032.
The different types of hybrid rice seed are transgenic and non-transgenic.
The different rice grain sizes considered in the market report are small, medium, and large.
The key market players are Bayer AG, Corteva Inc., Syngenta AG, SL Agritech Corporation (SLAC), UPL Ltd. (Advanta Hybrid Rice Seed Philippines Inc.), Bioseed Research Philippines Inc., and SeedWorks Philippines, Inc., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124