Global Genetically Modified (GMO) Seeds Market, By Product (Corn, Soybean, Cotton, Canola, Potato, Sugar Beets, Zucchini, Alfalfa, Sugar Beets, Papaya, Apple, Other Products), Trait (Herbicide Tolerance, Insect Resistance), Application (Oilseed Seeds, Cereals/Grain Seeds), Sales Channel (Direct Sales, Modern Trade, E-Retailers, Other Retail Outlets), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, 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, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Genetically Modified (GMO) Seeds Market
Data Bridge Market Research analyses that the genetically modified (GMO) seeds market will project a compound annual growth rate (CAGR) of 7.60% during the forecast period of 2022-2029.
Genetic modification (GM) is a cutting-edge technology that involves modifying an organism's genetic makeup and changing its genetic features in the lab to introduce new traits. Various approaches are utilized in the genetic alteration process, such as gene splicing, gene silencing, and the use of viral carriers. One of the most common applications of genetic alteration in agricultural techniques is the creation of genetically modified seeds and crops. The advantages of genetically modified seeds over conventional seeds include increased yields on the same or less land, reduced crop damage from weeds, diseases, and insects, and the potential for improved nutritional value or other health benefits.
The rising trend of seeds as per requirement in many regions due to their excellent features such as enhanced nutritional values, long shelf-life, among others will influence the revenue growth of genetically modified (GMO) seeds market. The upsurge in food concern and increasing population will accelerate the market's growth. Rapid urbanization and increasing level of disposable income of people are the significant market drivers that will further flourish the growth rate. Furthermore, a significant increase in the utilization of genetically modified (GMO) seeds to enhance crop yield will bolster the growth rate of genetically modified (GMO) seeds market. Other factors such as growing demand for animal feeds and increase in the adoption rate of biofuels, manufactured from genetically modified energy crops such as wheat, sugarcane, soybean and corn will positively impact the growth rate of genetically modified (GMO) seeds market. Another significant factor includes upsurge in the demand for oleo-chemicals from genetically modified (GMO) seeds will act as a key trend that will further cushion the market's growth rate.
Moreover, the rise in number of research and development activities and emerging new markets will further create lucrative and remunerative growth opportunities for the genetically modified (GMO) seeds market during the forecast period 2022-2029. Additionally, prevalence of environment sustainable seeds and strong demand from various end-use industries will further propel the new growth opportunities in the future year.
However, stringent government regulations and the use of advanced technology will derail the genetically modified (GMO) seeds market's growth rate. Also, intense competition between major market players and high cost factors will pose major challenges to the market's growth. The negative impact of COVID-19 on supply chain will act as major market restrain and further hinder the growth rate of genetically modified (GMO) seeds market.
This genetically modified (GMO) seeds market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 genetically modified (GMO) seeds 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 Genetically Modified (GMO) Seeds Market Scope and Market Size
The genetically modified (GMO) seeds market is segmented on the basis of product, trait, application and sales channel. The growth among segments helps you analyse 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 product, the genetically modified (GMO) seeds market is segmented into corn, soybean, cotton, canola, potato, sugar beets, zucchini, alfalfa, sugar beets, papaya, apple, and other products.
- Based on trait, the genetically modified (GMO) seeds market is segmented into herbicide tolerance, and insect resistance.
- Based on the application, the genetically modified (GMO) seeds market is segmented into oilseed seeds, and cereals/grain seeds.
- The genetically modified (GMO) seeds market is also segmented on the basis of sales channel. The sales channel is segmented into direct sales, modern trade, E-retailers, and other retail outlets.
Genetically Modified (GMO) Seeds Market Country Level Analysis
The global genetically modified (GMO) seeds market is analyses and market size, volume information is provided by country, product, trait, application and sales channel as referenced above.
The countries covered in the genetically modified (GMO) seeds market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the genetically modified (GMO) seeds market and will continue to flourish its trend of dominance during the forecast period owing to the growing awareness amongst farmers about the benefits associated with GMO seeds in this region. Asia-Pacific is expected to grow during the forecast period of 2022-2029 due to the increasing demand of more crop yield for fulfilling rising need of food in this region.
The country section of the genetically modified (GMO) seeds 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 Global Genetically Modified (GMO) Seeds Market Share Analysis
The genetically modified (GMO) seeds 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 genetically modified (GMO) seeds market.
Some of the major players operating in the genetically modified (GMO) seeds market are JK Agri Genetics Limited, Nufarm, Bayer AG, Syngenta Crop Protection AG, J.R. Simplot Company, Mahyco, CALYXT, Stine Seed Company., Limagrain Cereal Seeds, LLC, Land O'Lakes, Inc., KWS SAAT SE & Co. KGaA, DLF Seeds A/S, Bejo Zaden B.V., BASF SE, Corteva, CANTERRA SEEDS, Sakata Seed America, Limagrain, Dow and DuPont, among others.
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