Seeds have become a basic input in crop production. Declining arable land and growth rate of population trigger the demand for food. To fulfill the basic requirements of food, there is an essential need for sustainable increase in food production across the globe. Seed industry has transformed dramatically due to increased awareness among farmers about the importance and benefits of seeds with modified traits over conventional seeds, which led to increasing adoption rate of genetically modified crops across the globe.
Advances in genetic engineering have resulted in innovative changes in the development of more efficient seeds with desired traits. Multi-National Companies have entered into commercial seed production and marketing. Research & development activities from a handful of multinational companies have resulted in the development of genetically modified seeds, biotech seeds, insect, pest and drought-resistant seeds.
High growth potential in developing markets and emerging markets in untapped regions are providing huge growth opportunities for market players. Increasing expenditure on agricultural farms by farmers and governments is the major driving factor of the market. Demand for corn and oilseeds increased with demand for production of bio-fuel as an alternative source for traditional fuel. However, government regulatory structures are the key factors that are limiting the growth of the market.
Market Data Forecast reports and subscriptions provide insights on technological advances in various biotech traits like insect resistance, herbicide resistance, and other staked seed traits spread across various categories such as Grain seeds, oilseeds, vegetable seeds, horticulture seeds, fruit seeds and others.
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