The Genetically Modified Seeds Market was worth USD 30.1 billion in 2021 and estimated to be growing at a CAGR of 9.8%, to reach USD 48.79 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.
Market Drivers:
The growth of the genetically modified seeds market can be attributed to the increase in the adoption of biofuels, growth of the population and the consequent food demand, growing demand for animal feed, and preference for oleo-chemicals. The 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.
REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
221 – 2026 |
Base Year |
2020 |
Forecast Period |
2021- 2026 |
CAGR |
9.8% |
Segments Covered |
By Crop Type, By Trait Type, By Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
|
Market Leaders Profiled |
Bayer CropScience DowDuPont Groupe Limagrain Monsanto and Syngenta BASF DLF Seeds and Science Kleinwanzlebener Saatzuch SAAT SE Land O'Lakes Sakata Seed Takii Seed. |
Market Segmentation:
Corn
Genetically Modified Seeds Market – By Region:
As of 2016, North America dominated the global Genetically Modified Seeds Market with a market share of around 30% globally.
Key Players:
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