Europe Genetically Modified Seeds Market

Europe Genetically Modified Seeds Market Forecast (2022 - 2027):

The Europe Genetically Modified Seeds Market was worth USD 10.37 billion in 2021 and estimated to be growing at a CAGR of 9.85%, to reach USD 15.38 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.

The growth of the genetically modified seeds market can be attributed to the increase in adoption of biofuels, growth of Europe 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.

Market Segmentation:

Europe Genetically Modified Seeds Market - By Crop Type:

• Corn

• Soybean
• Cotton
• Canola
• Others

Europe Genetically Modified Seeds Market - By Trait Type:

• Herbicide Tolerance
• Insect Resistance
• Others

Geographical Analysis:

The Europe genetically modified seeds market has also been geographically segmented into

• U.K
• Germany
• France
• Spain
• Italy

 This region is a well-developed region and the increasing focus on R & D is specifically expected to drive the market here.

Key Players:

This market is extremely disjointed with numerous big and developing players operating in the business. The major companies dominating the Europe Genetically Modified Seeds Market are ayer CropScience, DowDuPont, Groupe Limagrain, Monsanto and Syngenta, BASF, DLF Seeds and Science, Kleinwanzlebener Saatzuch SAAT SE, Land O'Lakes, Sakata Seed, and Takii Seed.