Genetically Modified (GM) Seeds Market Global Scenario, Market Size, Outlook, Trend, and Forecast, 2019 – 2028

Introduction of genetically modified crops is expected to raise the global market US$ 37.51 billion by 2028 with a CAGR of 5.4% during the forecast period. Topical advancement of biotechnology helps in higher crop yield per hectare and also aids in varieties of crop cultivation. GM crops offers advantageous characteristics such as long shelf life, sustain climate change, crop damage reduction owing to its characteristics comprising resistance to pests and herbicides.
North America and South America accounts for highest market share for GM seeds accounting above 90% share in global GM seeds market. 80-90% of corn and soybean produced in North and South America comprise GM seeds. Genetically modified seeds help in minimizing the costs incurred for control of pesticides and weeds which impacts the environment. GM seed crucial role to solve food insecurity and uneven agriculture production. At present, demand for bio-fuel have risen owing to environmental concerns. Governments across several nations are trying to increase the usage of biofuel instead of conventional fuels. In addition, farmers also increased biofuel crops production for higher yields.

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The approval for commercial implementation of GM seeds is beneficial and regular practice is being performed in many countries such as in South Africa and Sudan, usage of GM seeds of maize, yield of soybean and cotton in 2016 has increased 80% in 2016 compared to 2015. Similarly, in Brazil yield of soybean production has improved land area by 11% in 2016, fetching second major producer of soybean after U.S.
Genetically Modified (GM) seeds market report includes analysis by type (conventional and genetically modified), crop type (cereals & grains, oilseeds & pulses, fruits & vegetables and others), trait (insect resistance, herbicide tolerance and others), distribution channel (e- retailers, direct sales and others).
Geographically, North America leads genetically modified (GMO) seeds market owing to rising consciousness among the farmers concerning advantages of GM seeds while Asia-Pacific grants productive prospect to grow in the forecast period of 2021-2027 on account of growing demand of additional crop yield to achieve growing demand of food. Bangladesh have started to cultivate GM eggplant between 2013-2014 and perceived development of 485% by 2017-18. Vietnam have also started to cultivate GM seeds crop in 2015 and witnessed 13-fold rise in planted crop by 2017.

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Prominent competitor inducing the Genetically Modified (GM) Seeds Market include, among others
• AgReliant Genetics LLC
• BASF SE
• Bayer Crop Science Ltd.
• Canterra Seeds Holdings Ltd.
• DLF Seeds & Science
• Dow AgroSciences LLC
• DowDuPont, Inc.
• Groupe Limagrain Holding SA
• KWS SAAT SE
• Land O'Lakes Inc.
• Monsanto Company
• Sakata Seed Corporation
• Syngenta AG
• Takii Seeds
• Others

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