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Genetically Modified Seed Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

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Genetic modification (GM) is the advanced technology, in which new traits are introduced into an organism by manipulating its genetic makeup and changes its genetic properties in laboratory. In genetic modification process various techniques are used such as gene splicing, gene silencing and a use of viral carrier. The growing adoption of genetic modification in agricultural practices is one of the leading application, resulted in the genetically modified seeds and crops. The genetically modified seeds are beneficial over conventional seeds as they increases the yields grown on the same or less acreage, reduce the crop damage from weeds, diseases and insects and potentially improve the nutritional value or other health benefits. Due to various research and innovations in seeds using genetic modifications, it provides the solutions to the farmers for several environmental conditions such as salinity, drought and disease stress which experienced the boost to the genetically modified seed demand.

The global genetically modified seed market has anticipated to register the significant growth over the forecast period due to rise in adoption of biofuels, made up of genetically modified energy crops such as wheat, soybean, sugarcane, and corn which drives the growth of the global genetically modified seeds market. The governments of different countries from developing countries such APAC and Africa are also encouraging farmers to use the genetically modified seeds over the conventional seeds to increase the yield of crop which also drives the growth of the global genetically modified seed market.

However, the major global genetically modified seed market has contributed by the few leading players, which monopolize the seed market, escalate seed prices and eliminate farmer choice of the seed which may hamper the growth of the market.

Increased demand for oleo-chemicals from the genetically modified seeds will be a key trend for market growth due to various industries are shifting to oleo-chemicals over petrochemicals for their end use as oleo-chemical has cheaper cost and eco-friendly nature. 

The global genetically modified seed market is segmented on the basis of the product type, by trait and geographical region.

On the basis of product type, the global genetically modified seed market has segmented into:

  • Corn
  • Soybean
  • Cotton
  • Canola
  • Other

On the basis of product type, the global genetically modified seed market has segmented into:

  • Herbicide tolerance
  • Insect resistance

In terms of geography, the genetically modified seed market has been divided into five key regions, including North America, Latin America, Europe, Asia-Pacific (APAC) and Middle East & Africa (MEA). The global genetically modified seed market has expected to register moderate growth over the forecast period. North America has contributed the leading share to the global genetically modified seed market due to the growing demand from farmers and awareness about the benefits of genetically modified seeds. North America followed by Europe is also growing at a moderate growth and expected to register the significance CAGR over the forecast period. APAC and MEA is at a nascent stage, though expected to register a healthy growth over the forecast period due to increasing awareness and need of more crop yield to fulfil the demand of food in the region.

Some of the key players of the global genetically modified seed market are Monsanto, DuPont, Syngenta, Groupe Limagrain, Land O’ Lakes, KWS AG, Bayer Crop Science, Sakata, DLF-Trifolium and Takii. Various global companies are contributing significant growth to the global genetically modified seed market. The key players from North America and Europe has contributed a major share to the global genetically modified seed market in terms of value and volume.

Over all the global genetically modified seed market has expected to register a moderate growth over the forecast period.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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