Global Genetically Modified Crops Market Report Market Trends And Strategies Of Major Players In The Genetically Modified Crops Market Report Market 2021-2030

7 Sep, 2021

The genetically modified crops market consists of sales of genetically engineered crops and related services. The term genetically modified refers to the transfer of genes between the organisms using a series of laboratory techniques known as recombinant DNA technology. Genetically modified (GM) or genetically engineered crops are plants with new trait which does not occur naturally such as resistance to pests, improved nutrient profile, reduction in spoilage and resistance to chemical treatments. The GM crops which are grown commercially include sugar beet, papaya, maize, potato, oilseed rape, cotton and others.

Global Genetically Modified Crops Market Report Market Size:

The global genetically modified crops market is expected grow from $20.09 billion in 2020 to $21.47 billion in 2021 at a compound annual growth rate (CAGR) of 6.9%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $29.5 billion in 2025 at a CAGR of 8%.

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Trends In The Global Genetically Modified Crops Market Report Market

Stringent regulations imposed on the approvals of GM crops limit the growth of the genetically modified crop's market during the period. For instance, in India, only Bt Cotton is permitted by government for cultivation. Genetically modified brinjal was not approved by the environment ministry. Therefore, the stringent regulations imposed by the government of various countries on the approvals of GM crops impacts the growth of the market.

Global Genetically Modified Crops Market Report Market Segments:
The global genetically modified crops market report market is further segmented –
By Trait: Herbicide Tolerance (HT), Insect Resistance (IR), Stacked Traits (ST), Others
By Crop: Soybean, Cotton, Maize, Oilseed Rape, Tobacco, Others
By Geography: The global genetically modified crops market report market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the India genetically modified crops market report market accounts for the largest share in the global genetically modified crops market report market.

Read More On The Report For The Global Genetically Modified Crops Market Report Market At:

https://www.thebusinessresearchcompany.com/report/genetically-modified-gm-crops-market-global-report-2020-covid-19-growth-and-change

Genetically Modified Crops Market Report Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides genetically modified crops market report market overviews, analyzes and forecasts market size and growth for the global genetically modified crops market report market, genetically modified crops market report market share, genetically modified crops market report market players, genetically modified crops market report market segments and geographies, genetically modified crops market report market’s leading competitors’ revenues, profiles and market shares. The genetically modified crops market report market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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