Title: Genetically Modified (GM) Seeds Market Global Scenario, Market Size, Outlook, Trend, and Forecast, 2019 – 2028
1Genetically Modified (GM) Seeds Market
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2Genetically Modified (GM) Seeds Market Global
Scenario, Market Size, Outlook, Trend, and
Forecast, 2019 2028
- The global genetically modified seeds market
was valued at US 23.06 billion in 2020 and is
predictable to reach US 37.51 billion in 2028
projected to grow at a CAGR of 37.51 during the
forecast period from 2021- 2028. Genetically
modified seeds are termed as the seeds which have
been modified to comprise specific
characteristics like resistance to herbicides or
resistance to pests. GM seeds are advantageous
compared to conventional seeds owing to
increasing yields, long shelf life, an ability to
sustain climate change, reduction of crop damage
from weeds, diseases and insects while improving
nutrition value. Various research and
developments in seeds modification via genetic
decoding helps the farmers from environmental
conditions like drought, and salinity and demand
for more genetically modified seeds owing to its
advantages.
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3Market Dynamics
- Modern biotechnology plays a vital role in
increasing the per hectare production of more
nutritious crop varieties while protecting
natural resources. Increasing demand for seeds
from the sectors like food, animal feed, beverage
and biofuels industry is uplifting the growing
market demand for genetically modified seeds.
Demand for genetically modified (GM) seeds have
seen growth in the countries like India, and
China owing to huge population base which urge
for ever increasing food grains demand driving
the market growth in the region. According to US
Energy Information Administration (EIA), corn is
a primary feedstock of ethanol production, U.S.
produced 15.1 billion heaps of corn during
20162017 greater than 11 from 20152016.
Furthermore, according to Renewable Fuel
Association, total ethanol production of the U.S.
has increased from 14.30 billion gallons in 2014
to 14.81 billion gallons in 2015.Further,
escalating demand of oleo-chemicals from
genetically modified seeds will acts as a
significant trend for market growth owing to
numerous industries shifting towards
oleo-chemicals instead of petrochemicals as
oleo-chemical has cheaper cost and eco-friendly
nature. - Unpredictable climatic conditions and high demand
for food from end users demands for adoption of
genetically modified (GM) seeds is growing among
farmers. Cost of developing GM seeds is soaring
thus propelling seeds price. However, strict
regulations levied by several regulatory bodies
such as Environmental Protection Agency, United
States Department of Agriculture and Food Drug
Administrationlimits usage of genetically
modified crops thusdeterring market
growth.Incident of profit orientation by
exporting fake genetically modified seeds and
counterfeit of seeds and packages by repacking in
smaller volumes and selling loosely have risen in
the developing countries owing to low income of
farmers.
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4- North America dominates genetically modified (GM)
seeds market owing to high acceptance of
genetically modified or biotech crops in the
region. Asia Pacific is predictable to exhibit
swift growth during the forecast period. - Prominent players associated in the global
genetically modified (GM) seeds market
includesAgReliant Genetics LLC, BASF SE, Bayer
Crop Science Ltd., Canterra Seeds Holdings Ltd.,
DLFSeeds Science, Dow AgroSciences LLC,
DowDuPont, Inc., Groupe Limagrain Holding SA, KWS
SAAT SE, Land O'Lakes, Inc., Monsanto Company,
Sakata Seed Corporation, Syngenta AG and Takii
Seeds among others. - Global genetically modified (GM) seeds market is
segmented by type, crop type, trait,distribution
channel and region. By type, it is categorised
into conventional and genetically modified. Based
on crop type, it bifurcates into cereals
grains, oilseeds pulses, fruits vegetables
and others (including fiber crops other
commercial crops like tobacco and medicinal
plants). By trait, it is grouped into insect
resistance, herbicide tolerance and others.
Further, distribution channel segments into e-
retailers, direct sales and others. Based on
regional insights, it bifurcates into North
America (US, Canada, Rest of North America), Asia
Pacific (China, India, Vietnam, Bangladesh, Rest
of Asia Pacific), Europe (UK, Russia, Germany,
Rest of Europe), Rest of the World (Latin America
and Middle East Africa).
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5Segmentation and Scope of the Global Genetically
Modified (GM) Seeds Market
- Global genetically modified (GM) seeds market is
segmented into type, crop type, trait,
distribution channel and region. - By Type
- Conventional
- Genetically Modified
- By Crop Type
- Cereals Grains
- Oilseeds Pulses
- Fruits Vegetables
- Others (including fiber crops other commercial
- crops like tobacco and medicinal plants)
- By Trait
- Insect Resistance
- Herbicide Tolerance
- Others
- By Distribution Channel
- e-Retailers
- Direct Sales
- Others
- By Region
- Latin America
- Argentina
- Brazil
- Chile
- Colombia
- Rest of Latin America
- North America
- US
- Canada
- Rest of North America
- Europe
- UK
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- India
- China
- Vietnam
- Bangladesh
- Rest of Asia Pacific
- Rest of World
- Middle East Africa
- Sudan
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6Prominent players in the Global Genetically
Modified (GM) Seeds Market includes
- 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
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