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North America Genetically Modified Seeds Market By Crop Type (Corn, Soybean, Cotton, Canola, Others), By Trait Type (Herbicide Tolerance, Insect Resistance And Others), And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecast (2022 to 2027)

Published: March, 2023
ID: 4534
Pages: 145
Formats: report pdf report excel report power bi report ppt

North America Genetically Modified Seeds Market Size, Growth, Trends and Forecast:

The North America Genetically Modified Seeds Market was worth USD 10.97 billion in 2021 and estimated to be growing at a CAGR of 9.87%, to reach USD 16.36 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.

North 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 North 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.

North America Genetically Modified Seeds Market Segmentation:

North America Genetically Modified Seeds Market - By Crop Type:

  • Corn

  • Soybean
  • Cotton
  • Canola
  • Others

North America Genetically Modified Seeds Market - By Trait Type:

  • Herbicide tolerance
  • Insect resistance
  • Others

Geographical Analysis:

The North America genetically modified seeds market has also been geographically segmented into

  • U.S.A
  • Canada

As of 2016, North America dominated the global market with a market share of around 30%. The growing acceptance of biotechnology in farming practices is the latest development in the North American market.

Key Players:

This market is extremely disjointed with numerous big and developing players operating in the business. The major companies dominating the North 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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