Global Bioengineered Crop Market, By Product Type (Vegetables, Fruits, Crops, Others), Trait (Herbicide Tolerance, Insect Resistance), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Bioengineered Crop Market
The bioengineered crop market is expected to witness market growth at a rate of 8.00% in the forecast period of 2021 to 2028 and is expected to reach USD 115.55 billion by 2028. Data Bridge Market Research report on bioengineered crop market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The expansion of agriculture sector globally is escalating the growth of bioengineered crop market.
Bioengineered (BE) crops refer to the type of crops that are developed with genetic engineering enabled by scientists to take useful traits found in nature and transfer them to a plant of interest. They are modified crops with existing trait in a plant. The methods used to create BE crops are one of the most researched and regulated in agriculture for crop development and improvement.
The increase in preference for organic food products among population across the globe acts as one of the major factors driving the growth of bioengineered crop market. The rise in demand for bioengineered food due to its various benefits such as less use of pesticides, and increase in demand of bioengineered food as they contain good amount of nutrients, aids faster growth of plants and animals accelerate the market growth. The use for medicinal purposes such as development of vaccines and drugs, and high demand for bioengineered crop owning to excellent properties such as long shelf life, enhanced nutritional values, and capacity to sustain against climate change, among others further influence the market. Additionally, expansion of agriculture sector, increase in the cultivation of hybrid crops and rise in demand for enhanced quality of the crops positively affect the bioengineered crop market. Furthermore, concerns regarding the nutritive value of food and rise in demand for healthier options extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, concerns regarding adverse health effects of bioengineered food such as development of cancer are expected to obstruct the market growth. Strict regulations along with usages of advanced technology are projected to challenge the bioengineered crop market in the forecast period of 2021-2028.
This bioengineered crop market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on bioengineered crop market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Bioengineered Crop Market Scope and Market Size
The bioengineered crop market is segmented on the basis of product type, and trait. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the bioengineered crop market is segmented into vegetables, fruits, crops, and others.
- On the basis of trait, the bioengineered crop market is segmented into herbicide tolerance, and insect resistance.
Bioengineered Crop Market Country Level Analysis
The bioengineered crop market is analyzed and market size, volume information is provided by country, product type, and trait as referenced above.
The countries covered in the seedless watermelon seed market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the bioengineered crop market because of the increase in awareness among the farmers regarding the benefits of the crops within the region. Asia-Pacific is expected to witness high growth during the forecast period of 2021 to 2028 due to the high need of the more crop yield in the region.
The country section of the bioengineered crop market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Bioengineered Crop Market Share Analysis
The bioengineered crop market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to bioengineered crop market.
The major players covered in the bioengineered crop market report are Bayer AG, Syngenta Crop Protection AG, J.R. Simplot Company, J.K.AgriGenetics Ltd, Mahyco, CALYXT, Stine Seed Company., Nufarm Limited, Monsanto Company, Limagrain Cereal Seeds, LLC, Land O'Lakes, Inc., KWS SAAT SE & Co. KGaA, DLF Seeds A/S, Bejo Zaden B.V., and CANTERRA SEEDS, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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