The Asia Pacific Genetically Modified Seeds Market was worth USD 8.48 billion in 2021 and estimated to be growing at a CAGR of 9.9%, to reach USD 13.98 billion by 2026. Genetically modified seeds are the seeds that are used in farming. Their DNA is modified by using genetic engineering procedures. Mostly, the target is to induce a new trait into the crop which is usually absent in the species.
Asia Pacific Genetically Modified Seeds Market Drivers:
The growth of the genetically modified seeds market can be attributed to the increase in adoption of biofuels, growth of the Asia Pacific population and the consequent food demand, growing demand for animal feed, and preference for oleo-chemicals. Growing acceptance of biotech drought-tolerant plants and increasing demand for high yield crops are also considered to be the driving factors of this market.
Corn
Geographical Analysis:
The Asia Pacific genetically modified seeds market has also been geographically segmented into
The presence of emerging economies like China and India has led to high growth potential for the genetically modified seeds market in the Asia Pacific.
Key Players:
This market is extremely disjointed with numerous big and developing players operating in the business. The major companies dominating the Asia Pacific Genetically Modified Seeds Market are Bayer CropScience, DowDuPont, Groupe Limagrain, Monsanto and Syngenta, BASF, DLF Seeds and Science, Kleinwanzlebener Saatzuch SAAT SE, Land O'Lakes, Sakata Seed, and Takii Seed.
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