Paddy Rice Market Report 2026

The paddy rice market size has grown steadily in recent years. It will grow from $330.04 billion in 2025 to $344.51 billion in 2026 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to expansion of rice-based diets globally, availability of irrigated farmland, growth in rural agricultural employment, adoption of traditional flooded cultivation methods, expansion of rice milling infrastructure.

The paddy rice market size is expected to see steady growth in the next few years. It will grow to $402.2 billion in 2030 at a compound annual growth rate (CAGR) of 3.9%. The growth in the forecast period can be attributed to increasing investments in climate-resilient rice varieties, rising adoption of smart irrigation systems, expansion of export-oriented rice production, growing demand for premium rice varieties, increasing focus on sustainable rice farming practices. Major trends in the forecast period include growing adoption of high-yield rice varieties, rising demand for organic and specialty rice, expansion of precision paddy farming techniques, increased focus on water-efficient cultivation, growing traceability in rice supply chains.

The growth in the agriculture sector is expected to propel the growth of the paddy rice market going forward. The agriculture sector encompasses the production, processing, and distribution of crops, livestock, and related agricultural products. Growth in this sector is driven by shifting dietary patterns, rising global food demand, and increased investments in agricultural research, development, and infrastructure. Paddy rice cultivation plays a vital role in supporting agricultural growth by contributing to food security, rural employment, farmer incomes, and sustainable land use practices. For instance, in June 2025, according to GOV.UK, a UK-based government agency, total income from farming (TIFF) reached USD 9.84 billion (£7.7 billion) in 2024, representing an increase of USD 2.04 billion (£1.6 billion), or 26.4%, compared with 2023. Additionally, total livestock output increased by USD 1.41 billion (£1.1 billion), or 5.6%, to USD 25.7 billion (£20.1 billion) in 2024. Therefore, growth in the agriculture sector is driving the paddy rice market.

Key players in the paddy rice market are innovating with insecticide technology featuring PLINAZOLIN for next-generation products targeted at paddy, cotton, and vegetable farmers. These innovations aim to enhance productivity and profitability while minimizing environmental impact by targeting specific receptors in insects not previously exploited by other insecticides, reducing the risk of resistance. For instance, Syngenta, an India-based ag-tech company, launched Incipio and Simodis in July 2023 for paddy, cotton, and vegetable crops in India. These products address challenges posed by climate change and increasing pest resistance, potentially preventing significant crop losses of 30-40% if effectively managed. Simodis offers reliable protection against sucking pests and lepidopteran insects on crops such as hot pepper, brinjal, cotton, groundnut, soybean, and red gram. Leveraging PLINAZOLIN technology, these advanced solutions ensure effective pest control, resulting in improved yields and crop quality.

In January 2025, MAP Rice Mills (Pvt) Ltd, a Pakistan-based rice-processing company, acquired Engro Eximp Agriproducts (Pvt) Ltd for USD 0.0085 billion (PKR 2.4 billion). Through this acquisition, MAP Rice Mills aims to expand its rice processing and export capabilities by integrating Engro Eximp Agriproducts’ milling and export infrastructure. Engro Eximp Agriproducts (Pvt) Ltd is a Pakistan-based company specializing in rice processing and export services.

Major companies operating in the paddy rice market are REI Agro Ltd., Jumbotail Technologies Pvt. Ltd., LT Foods Limited, Bühler Group, KRBL Limited, Tilda, American Commodity Company (ACC) LLC, ERGOS Technology Partners Inc., American Rice Inc., Ebro Foods S.A., Taj Foods Limited, Agrico Organics Ltd., Sunshine Industries, Asia Golden Rice Co. Ltd., Thai Hua, Dhula Rice Mill Private Limited, Arya.ag, Riceland Foods Inc., Louis Dreyfus Company, Vinafood 1, Vinafood 2, Phoenix Global, LT Foods Americas.

North America was the largest region in the paddy rice market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the paddy rice market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the paddy rice market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The paddy rice market consists of sales of rice milling machinery, rice processing equipment, rice-based snacks, rice-based pharmaceuticals, and rice-based fertilizers. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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