GENETICALLY MODIFIED SEEDS MARKET – Is estimated to grow at a CAGR of 9.8% to re

Posted by Prashanth on December 17th, 2019

MARKET OVERVIEW:

The Genetically Modified Seeds implies that the DNA of seeds is modified by using genetic engineering procedures. Mostly, the target is to induce a new trait into the crop which is usually absent in the species. The Global Genetically Modified Seeds Market was worth USD 30.1 billion in 2019 and estimated to be growing at a CAGR of 9.8%, to reach USD 48.79 billion by 2024.

DRIVERS & RESTRAINTS OF THE MARKET:

• The growth of the genetically modified seed market can be attributed to the growing uptake of biofuels, global population growth and consequent food demand, growing demand for animal feed and preference for oleochemicals.
• The increasing acceptance of drought-tolerant biotech crops and the growing demand for high yielding crops are also considered to be the determining factors of this market.

REPORT SEGMENTED AS:

Based on Crop Type:

• Corn
• Soybean
• Cotton
• Canola
• Others

Based on Trait Type:

• Herbicide tolerance
• Insect resistance
• Others

GEOGRAPHICAL SEGMENTATION:

Geographically, the Global Genetically Modified Seeds Market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America dominates the global market capturing around 30% of the market share.

KEY MARKET PLAYERS:

• Ayer CropScience
• DowDuPont
• Groupe Limagrain
• Monsanto
• Syngenta
• BASF
• DLF Seeds and Science
• Kleinwanzlebener Saatzuch SAAT SE
• Land O'Lakes
• Sakata Seed
• Takii Seed

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.

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