GMO Seed Market Report By Market Data Forecast 2024

Posted by Prashanth on January 23rd, 2020

MARKET OVERVIEW:

GMO stands for Genetically Modified Organism, and it circumscribes a lot of products in industries which include medicinal, scientific and agricultural applications. GM seeds have distinct traits which include qualities like herbicide resistance, insect resistance, and efficient water usage. GMO Seed Market was worth USD XX billion in 2019 and estimated to be growing at a CAGR of XX%, to reach USD XX billion by 2024.

DRIVERS & RESTRAINTS OF THE MARKET:

• The growth of the essential global GM seeds market is mainly due to the growing adoption of biofuels and increased demand for animal feed.
• Besides, the ever-increasing threat of global agri-food companies to non-GM foods and the high price of non-GM foods are also essential factors in market growth.
• Favorable government policies encouraging the use of genetically modified seeds are even driving the growth of the market.
• However, intellectual property rights issues and delays in GMO seed certification by government administrative authorities are holding back the growth of the market.

REPORT SEGMENTED AS:

Based on Product:

• Corn
• Soybean
• Cotton
• Canola
• Others

Based on Traits:

• Herbicide-tolerant
• Insect-resistant
• Others

GEOGRAPHICAL SEGMENTATION:

Geographically, the Global GMO Seed Market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle-East & Africa. North America dominates the global market. Asia-Pacific is expected to grow substantially over the forecast period owing to favorable government policies and increasing demand for biofuels. All the developing countries are anticipated to increase compared to developed markets in the coming years.

KEY MARKET PLAYERS:

• Monsanto
• Bayer CropScience
• DowDuPont
• Groupe Limagrain
• Syngenta

THE SCOPE OF THE REPORT:

The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with huge growth potential identified and debated.

The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis of prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

ABOUT US:

Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

FOR MORE INFORMATION:

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