North America Transgenic Seeds Market Size, Growth, Trends and Forecast:
North America Transgenic Seeds Market is expected to reach USD 21.11 million by 2026 from USD 12.89 million in 2021, growing at a CAGR of 12.85%. The Transgenic Seeds market is forecasted to show great potential over the mentioned period. The market has continued to gain momentum with the rising population and thus the growing demand for high productivity seeds for better food production.
Transgenic Seeds, also known as genetically modified seeds, are the seeds used in agriculture which have been modified to suit better with the environment and enhance the productivity. They are used to introduce certain traits in crops which don’t occur naturally.
North America Transgenic Seeds Market Drivers:
There various factors influencing the growth of the transgenic seeds market. The factors driving the market growth include, increasing agricultural productivity, cost reduction and use of farm inputs, regulation limits on pesticide utilization, industrial preference of products of high quality. On the other hand, the market faces challenges as well like stringent rules and regulations, need for high support of R&D, chances of ecosystem disruption, resistant genes in pests.
North America Transgenic Seeds Market Segmentation:
North America Transgenic Seeds Market - By Trait:
North America Transgenic Seeds Market - By Crops:
Geographical Analysis:
On the basis of geography, the North America market is analysed under various regions namely
North America market is the largest among all the regions around the globe, with a market share of 35%.
Key Players:
Syngenta AG, Bayer Cropscience AG, Dow Chemical Company, Monsanto, E.I. Du Pont De Nemours and Company, BASF SE, Suntory Holdings Limited, Vilmorin & Cie (Limagrain Group), Bejo Zaden B.V., J.R. Simplot Company are some of the major companies dominating the Transgenic Seeds market.
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