What is the Historical Analysis of the Genetically Modified Crops Market Size?
The genetically modified crops market has seen considerable growth due to a variety of factors.
• The market size for genetically modified crops has shown robust growth in the past few years. It is projected to increase from $23.41 billion in 2024 to $24.77 billion in 2025, with a compound annual growth rate (CAGR) of 5.8%.
The expansion during the historic period can be credited to government support for genetically modified food, the expansion of emerging markets, and a rising requirement for animal feed.
What is the Forecasted Growth of the Genetically Modified Crops Market Size?
The genetically modified crops market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market size for genetically modified crops is predicted to experience robust growth. It is projected to reach $32.35 billion by 2029, with a compound annual growth rate (CAGR) of 6.9%.
The anticipated growth during this forecast period can be attributed to factors such as the increasing population, food waste, technological advancements, and boosted biofuel demand. During the forecast period, significant trends will involve investing in gene stacking, focusing on the utilization of innovative Crispr technologies, allocating funds for the research and development of nitrogen fixing crops, and dedicating resources to research haploid induction techniques. Furthermore, a focus will be on creating products that streamline the crop production time and on forming collaborations with research institutions and established companies.
Which Factors Are Boosting Growth In The Genetically Modified Crops Market?
Traits like insect resistance and herbicide tolerance in genetically engineered (GE) crops have led to their increased demand. Added advantages such as enhanced nutritional content, augmented yield, and greater preservation duration are also encouraging farmers to opt for GE crops for better yields and revenue. As per the U.S. Department of Agriculture (USDA), substantial minimization in the utilization of synthetic pesticides, known for contaminating groundwater and the overall environment, has been accomplished through insect-resistant GE cotton. This recognition of environmental concerns and the virtues of GE crops are fuelling the upswing in demand for the genetically modified crops market, expected to grow throughout the forecast period.
What Is The Segmentation Of The Global Genetically Modified Crops Market?
The genetically modified crops market covered in this report is segmented –
1) By Trait: Herbicide Tolerance (HT), Insect Resistance (IR), Stacked Traits (ST), Other Traits
2) By Crop: Soybean, Cotton, Maize, Oilseed Rape, Other Crops
3) By Technique: Gene Guns, Electroporation,Microinjection, Agrobacterium, Other Techniques
4) By Type of Modification: Transgenic, Cis-genic, Sub-genic, Multiple Trait Integration
5) By Application: Scientific Research, Agriculture Crops
Subsegments:
1) By Herbicide Tolerance (HT): Glyphosate Tolerance, Glufosinate Tolerance, Other Herbicide Tolerant Traits
2) By Insect Resistance (IR): Bacillus Thuringiensis (BT) Traits, Rootworm Resistance, Other Insect Resistant Traits
3) By Stacked Traits (ST): HT And IR Stacked Traits, Stacked Traits With Other Functionalities, Multi-Stacked Trait Varieties
4) By Other Traits: Drought Tolerance, Nutritional Enhancement, Improved Shelf Life, Disease Resistance
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What Emerging Trends Are Shaping The Genetically Modified Crops Market?
Large firms in the genetically modified crops market are embracing strategic partnerships to bolster their capabilities and stay competitive. This implies businesses utilise each other's strengths and assets to attain shared benefits and success. An example of this took place in February 2022 when InterGrain, a cereal breeding company in Australia, formed a partnership with Inari, an agricultural biotechnology enterprise based in the US. This collaboration aims to boost the yield potential of wheat, ensuring the crop's sustainability under increasingly changeable climatic conditions, with a targeted increase of 10-15% in genetically modified wheat crop yield.
Who Are the Key Players in the Genetically Modified Crops Market?
Major companies operating in the genetically modified crops market include:
• Bayer AG
• BASF SE
• DuPont
• Syngenta AG
• The Dow Chemical Company
• JR Simplot Co.
• Groupe Limagrain
• Stine Seed Farm. Inc.
• Calyxt Inc.
• Maharashtra Hybrid Seed Company (MAHYCO)
• JK Agri Genetics Ltd.
• Nuseed Pty Ltd
• Dabeinong Science and Technology Group Co.
• Origin Agritech Limited
• Monsanto
• COODETEC
• Nidera and Geneze Seeds S/A
• Middle East Agriculture Company
• Sensako
• Corteva Agriscience
• Vilmorin & Cie SA
• Rijk Zwaan Zaadteelt en Zaadhandel BV
• Sakata Seed Corporation
• Yuan Longping High-Tech Agriculture Co Ltd.
What are the Regional Insights into the Genetically Modified Crops Market?
North America was the largest region in the genetically modified crops market in 2024. South America was the second largest region in the global genetically modified crops market share. The regions covered in the genetically modified crops market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
