Genetically Modified Seeds Market Forecasts to 2028 – Global Analysis By Trait (Insect Tolerance and Herbicide Tolerance), Crop Type, Distribution Channel (Online and Offline), Seed Type and By Geography
According to Stratistics MRC, the Global Genetically Modified Seeds Market is accounted for $22.25 billion in 2020 and is expected to reach $39.10 billion by 2028 growing at a CAGR of 7.3% during the forecast period. Rising demand for crop production and the rise in the adoption of biofuels are the major factors propelling the market growth. However, environmental concerns are hampering market growth.
Genetically modification (GM) of seeds involves the modification of the DNA of natural seeds, to increase tolerance against pests and herbicides, with the help of genetic engineering methods such as gene gun and agrobacterium tumefaciens. It also aids in improving the yield of the crop.
Based on the trait, the herbicide tolerance segment is estimated to have a huge demand due to the various benefits such as reduction in the number of herbicides used and the associated environmental impact as compared to conventional crop production methods. Herbicide tolerance in genetically modified crops protects against weeds and enhances the crop yield.
By geography, the Asia Pacific is going to have lucrative growth during the forecast period. Biotechnology in the agricultural field segment is exhibiting strong growth in emerging countries such as India and China, to provide enhanced crop yield against fluctuating environmental conditions such as drought and salinity.
Some of the key players profiled in the Genetically Modified Seeds Market include BASF SE, Bayer CropScience, Calyxt Inc., DowDuPont, JK Agri Genetics Ltd., Maharashtra Hybrid Seed Company (MAHYCO), Nuseed Pty Ltd, R. Simplot Co., Stine Seed Farm, Inc, Syngenta, Bayer AG, Monsanto Company Inc., Land O’Lakes, Sakata Seed, Takii Seed, DLF Seeds and Science, Kleinwanzlebener Saatzuch SAAT SE, and Groupe Limagrain.
Estimated Market Size in 2020:
USD 22.25 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
Tables, Graphs& Figures
Trait, Crop Type, Distribution Channel, Seed Type and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Insect Tolerance
• Herbicide Tolerance
Crop Types Covered:
• Sugar Beets
Distribution Channels Covered:
Seed Types Covered:
• Genetically-Modified (GM) Fruit Seed
• Genetically-Modified (GM) Grain Seed
• Genetically-Modified (GM) Oil Seed
• Genetically-Modified (GM) Vegetable Seed
• Genetically-Modified (GM) Forage Seed
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Genetically Modified Seeds Market is majorly driven by increasing demand for crop production and the rise in the adoption of biofuels.
The herbicide tolerance segment is growing at the highest CAGR due to it provides protection against weeds and enhances crop yield.
North America dominated with a significant market share owing to the high adoption of genetically modified or biotech crops.
Asia Pacific market is growing at the highest CAGR owing to it provides enhanced crop yield against fluctuating environmental conditions such as drought and salinity.
Key players in Genetically Modified SeedsMarket include BASF SE, Bayer CropScience, Calyxt Inc., DowDuPont, JK Agri Genetics Ltd., Maharashtra Hybrid Seed Company (MAHYCO), Nuseed Pty Ltd, R. Simplot Co., Stine Seed Farm, Inc, Syngenta, Bayer AG, Monsanto Company Inc., Land O’Lakes, Sakata Seed, Takii Seed, DLF Seeds and Science, Kleinwanzlebener Saatzuch SAAT SE, and Groupe Limagrain.
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