The Latin America Genetically Modified Seeds Market was worth USD 5.69 billion in 2021 and estimated to be growing at a CAGR of 9.52%, to reach USD 8.24 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.
Latin America 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 Latin America 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.
Latin America Genetically Modified Seeds Market - By Crop Type:
Corn
Latin America Genetically Modified Seeds Market - By Trait Type:
Geographical Analysis:
The Latin America genetically modified seeds market has also been geographically segmented into
Developing countries like Brazil and Mexico are expected to show significant growth in the coming years for the genetically modified seeds market.
Major Key Players:
The major companies dominating the Latin America 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.
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