The market report “Genetically Modified Seeds Market by Traits (Insect Tolerance and Herbicide Tolerance), Crop Types (Corn, Cotton, Potato, Soybean, Sugar Beets, Zucchini, and Canola), Distribution Channels (Online and Offline), Seed Types (Genetically-Modified (GM) Fruit Seed, Genetically-Modified (GM) Grain Seed, Genetically-Modified (GM) Oil Seed, Genetically-Modified (GM) Vegetable Seed, and Genetically-Modified (GM) Forage Seed) and Region – Forecast to 2028”. The genetically modified seeds market is growing at a CAGR of 7.3% by 2028, owing to the increased demand for animal feed.
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Based on crop type, the corn segment is expected to dominate the market.On the basis of crop type, the market is categorised into corn, cotton, potato, soybean, sugar beets, zucchini, and canola. Corn is projected to dominate the market during the forecast period due to increasing demand for corn, as it is extensively used in the production of ethanol and also as a feed for livestock.
Based on seed type, the genetically-modified (GM) grain seed segment holds the largest share in the market.On the basis of seed type, the market is segmented into genetically-modified (GM) fruit seed, genetically-modified (GM) grain seed, genetically-modified (GM) oil seed, genetically-modified (GM) vegetable seed, and genetically-modified (GM) forage seed. Genetically-modified (GM) grain seed segment holds the largest share in the market due to it accounts for major staple crops such as wheat, corn, rice, and thus it has the major demand from all over the world for consumption.
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By geography, North America is expected to dominate the market.On the basis of geography, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is projected to dominate the market due to the high adoption of genetically modified or biotech crops. Moreover, increasing support from the government for the promotion of genetically modified seeds is one of the major factors fueling the growth of the market in this region.
The key players in this market are 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.
The research provides in-depth analysis of the global genetically modified seeds numerous growth opportunities and segmentation by types, applications, end-users, and geography. In terms of drivers, restraints, opportunities, trends, and the competitive landscape, the research provides a solid platform for users who want to enter the global market. The study also goes into great detail about the supply and demand analyses, as well as main industry players' participation and market share growth data. The sales margin, pricing, revenue share, and gross margin are all calculated in detail. The report contains an accurate simulation of industry insight, smart solutions, practical solutions, and the latest technology to provide a better user experience. The global genetically modified seeds market research includes a complete breakdown of regional break-up, status, leading growth rate, country market shares, and future technologies.
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