Transgenic Seeds Global Market Is Expected To Grow At A Rate Of 13% Through 2023 – 2027
19 Jul, 2023
The global transgenic seeds market size is expected to grow from $38.54 billion in 2022 to $44.02 billion in 2023 at a compound annual growth rate (CAGR) of 14.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global transgenic seeds market size is expected to reach $71.99 billion in 2027 at a CAGR of 13%.
Global Transgenic Seeds Market Key Driver
Increasing agricultural productivity is predicted to drive future growth in the transgenic seed market. Agricultural productivity is the market value of a crop yield produced by an agricultural production system that employs inputs such as land, labour, capital, and other resources to produce yield. Transgenic seeds are mostly used in agriculture to produce more food with fewer resources. The application of transgenic seed technology to increase yield and minimise agricultural land use, resulting in higher earnings for farmers, drives the transgenic seed business.
Get a sample of the global transgenic seeds market reportGlobal Transgenic Seeds Market Segments
The global transgenic seeds market is segmented:
1) By Type: Farmland, Green House
2) By Trait: Herbicide Tolerance, Insect- Resistance, Other Traits
3) By Crop: Maize, Cotton, Rice, Soybean, Canola, Other Crops
4) By End -User: Insect Resistance, Herbicide Tolerance, Virus Resistance, Altered Oil Composition, Delayed Fruit Ripening, Male Sterility And Restorer System
5) By Geography: The regions covered in the transgenic seeds market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global transgenic seeds market.
Major Transgenic Seeds Industry Players
BASF SE, DuPont de Nemours Inc., Syngenta AG, Vilmorin And Cie SA, Bayer AG, Monsanto, Maharashtra Hybrid Seeds Company Private Limited, JK Agri Genetics Ltd., Bejo Zaden B.V., Groupe Limagrain, Kaveri Seed Company Ltd., Land O Lakes Inc., Calyxt Inc., Real Seeds, SCC GmbH
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Transgenic Seeds Market Overview
Transgenic seed, also known as genetically modified seed, refers to a seed from plant whose genetic composition has been altered through techniques other than those used in conventional plant breeding to produce seed that contains chosen genes from other plants. It is used to create plants with desired features and higher yields.
Transgenic Seeds Global Market Report 2023 provides data on the global transgenic seeds market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The transgenic seeds market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.