Wednesday, October 21, 2020

Philippines Hybrid Rice Seed Market Research by 2020 – Top

Philippines Hybrid Rice Seed Market Research by 2020 – Top Countries Data, Key Players, Industry Revenue, Demand Status and Investments Plans Forecast to 2024

Post authorBy sambit.k
Post dateOctober 21, 2020

Philippines Hybrid Rice Seed

“Philippines Hybrid Rice Seed Market” research report would be to present the accurate and tactical analysis of the market assets, growing factors, supply, industry size, regional segmentation, dynamics as well as prices variant for its forecast year 2024. The report study provides key statistics on the market status of the Philippines Hybrid Rice Seed manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.

Scope of the Report:

Hybrids are produced by crossing two inbred, genetically fixed varieties of a particular crop. The companies in the hybrid rice seed industry operate in B2B and B2C formats. The end users include farmers and institutional buyers operating in agricultural production.

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Top Players Are:

Bayer Crop Science Inc.

Bioseed Research Philippines Inc.

Advanta Limited

Pioneer Hi

Bred Philippines Inc.

SL Agritech Corporation

Market Overview:

The Philippines hybrid rice seed market is projected to register a CAGR of 5.1%, over the forecast period (2019-2024). Although the area under rice crop declined in 2016, over 2015, the area had expanded to reach 4.8 million hecatre in 2018. The production area of hybrid rice in the Philippines is still quite low (at around 200,000 hectare), as compared to some of its neighboring countries, such as Vietnam and Indonesia. Although the country is one of the major consumers of rice globally, it is still a net importer of the commodity. This is the reason that the country is aiming at boosting its domestic production of rice by introducing hybrid seeds.

The market for hybrid rice is on the rise in the Philippines. As the government is pushing toward increasing the area under hybrid rice, it is trying to change the procurement method of hybrid rice, in order to provide better quality hybrid seeds to the farmers.

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Key Market Trends:

Increasing Government Initiatives, like Food Staples Self-sufficiency Program

Rice is an important food crop, as well as a source of livelihood in the Philippines. The intakes from the “Food Staples Sufficiency Program 2011-2016” reveals that more than two million households are engaged in rice-based farming and trading for a living in the country. The report also mentions that around 45% of the calorie intake of the Filipinos comes from rice. Rice imports went up, owing to the growing population and increased incomes, particularly among the lower-income consumer groups. Imports as a proportion of consumption escalated to 16.4% in 2006-2010, from less than 1.4% in 2000’s. These supply shortages and price instability can further have serious implications for poverty and hunger in the country. Thus, in order to address these supply shortages, the government has taken an initiative named Food Staples Self-sufficiency Program (FSSP) to boost the overall agricultural productivity, in order to achieve the national goal of self-sufficiency. This policy provided the rice producers a stable and remunerative environment, conducive to invest in higher farm productivity. While rice is the main focus of FSSP, other equally healthy staples are also included in the program.
Increased Adoption toward Modern Rice Varieties

Over the years, technological innovations have been prominent in rice production in the Philippines. The establishment of two rice R&D institutions, namely, the Philippine Rice Research Institute (PhilRice) and the International Rice Research Institute (IRRI), paved the way for an extensive development of modern rice technologies in the Philippines. According to the International Rice Research Institute Data verse analysis, the choice of a rice variety to plant depends on many reasons, including high yielding, faster maturity rate, high milling recovery, and intermediate amylose content. Moreover, in the early 2000’s, the total rice area planted to modern varieties was 75% in both irrigated and rainfed areas, which increased to 100% in 2003. This further dropped down to 88%, in 2016. This sharp decline is primarily attributed to the modern varieties (developed in 2016) that failed to meet the desired yielding choices of the farmers.

Competitive Landscape:

Most of the companies present in the market are efficient at the technological front but require significant support for enhancing their services and expanding their businesses. Thus, mergers and acquisitions offer significant opportunities to gain the attention of a large number of providers across developed regions.

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Detailed TOC of Philippines Hybrid Rice Seed Market Report 2020-2024:

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain Analysis
4.4.1 Value Chain Overview
4.4.2 Price Markups in the Value Chain
4.4.3 Stakeholders in the Value Chain

5 MARKET SEGMENTATION
5.1 Distribution Channel
5.1.1 Governmental Distribution Channel
5.1.2 Private Distribution Channel

6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Bayer Crop Science Inc.
6.3.2 Bioseed Research Philippines Inc.
6.3.3 Advanta Limited
6.3.4 Pioneer Hi-Bred Philippines Inc.
6.3.5 SL Agritech Corporation

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

Name: Ajay More

Organization: Industry Research

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