Rice Market Size, Regional Outlook and Supply Chain Analysis till 2022
“Rice is considered as one of the major food staples in the East-Asian economies including China. Increasing production in the India coupled with agriculture as a mainstay for the rural population are key catalyst for sustained market growth of rice market over the forecast period.�
The Rice Market is subject to witness a substantial growth due to the growing consummation of rice and large-scale production in the Asia Pacific region. Rice is considered as one of the major food staples in the East-Asian economies including China. Increasing production in the India coupled with agriculture as a mainstay for the rural population are key catalyst for sustained market growth of rice market over the forecast period. Recent technological advancement in the agriculture sector coupled with development of modern rice production techniques such as rice intensification (SRI), laser land leveling, direct seeded rice (DSR), and precision farming are expected to drive market growth over the next seven years. In addition, use of leaf color chart (LCC), brown manuring, crop residue management, crop diversification, and integrated crop management (ICM) are leading large-scale rice production, thereby propelling market growth, in the recent years. Development of site-specific nutrient management (SSNM) techniques leads to efficient farming. These factors are vastly contributing to market expansion in last few years. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/rice-market Additionally, rice is considered as a cash crop and acts as a wage commodity for workers. These factors are anticipated to boost market growth over the forecast period. Globally, the market is predicted to generate massive revenue over next