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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players 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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Genetically Modified Seed Market

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