Transgenic Seeds Market

Transgenic Seeds Market Size & Growth (2022 - 2027):

Transgenic Seeds Market was worth USD 30.08 million in 2021 and estimated to be growing at a CAGR of 12.1%, to reach USD 53.09 million by 2026. 

The Transgenic Seeds market is showing evident potential in the mentioned forecasting period. The market continues to gain momentum with the GM crops gaining interest in feed industries around developing economies. Transgenic Seeds, also known as genetically modified seeds, are the seeds used in agriculture that have been modified to suit better with the environment and enhance productivity. They are used to introduce certain traits in crops that don’t occur naturally.

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, and industrial preference of products of high quality. On the other hand, the market faces challenges as well as stringent rules and regulations, the need for high support of R&D, chances of ecosystem disruption, resistant genes in pests.

TRANSGENIC SEEDS MARKET REPORT COVERAGE:

The Transgenic Seeds Market is segmented and sub-segmented into following categories:

Transgenic Seeds Market - By Traits:

• Insecticide

• Resistance
• Herbicide
• Tolerance

Transgenic Seeds Market - By Crops:

• Corn
• Soybean
• Canola
• Cotton

The Market is Geographically divided into:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

The Transgenic Seeds market was dominated by North and Latin America, with the overall combined market share of over 70% globally. America regions were followed by Asia Pacific. America region, as well as Asia-Pacific, is predicted to grow at a rapid pace while the Europe market is expected to be stagnant in the coming few years.

Key Players:

• Bayer Cropscience AG
• Syngenta AG
• Dow Chemical Company
• E.I. Du Pont De Nemours and Company
• Monsanto
• BASF SE
• Vilmorin & Cie (Limagrain Group)
• Suntory Holdings Limited
• J.R. Simplot Company
• Bejo Zaden B.V