Genetically Modified (GM) Seeds Market Global Scenario, Market Size, Outlook, Trend, and Forecast, 2019 – 2028

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Genetically Modified (GM) Seeds Market
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Genetically Modified (GM) Seeds Market Global
Scenario, Market Size, Outlook, Trend, and
Forecast, 2019 2028

• The global genetically modified seeds market
  was valued at US 23.06 billion in 2020 and is
  predictable to reach US 37.51 billion in 2028
  projected to grow at a CAGR of 37.51 during the
  forecast period from 2021- 2028. Genetically
  modified seeds are termed as the seeds which have
  been modified to comprise specific
  characteristics like resistance to herbicides or
  resistance to pests. GM seeds are advantageous
  compared to conventional seeds owing to
  increasing yields, long shelf life, an ability to
  sustain climate change, reduction of crop damage
  from weeds, diseases and insects while improving
  nutrition value. Various research and
  developments in seeds modification via genetic
  decoding helps the farmers from environmental
  conditions like drought, and salinity and demand
  for more genetically modified seeds owing to its
  advantages.

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Market Dynamics

• Modern biotechnology plays a vital role in
  increasing the per hectare production of more
  nutritious crop varieties while protecting
  natural resources. Increasing demand for seeds
  from the sectors like food, animal feed, beverage
  and biofuels industry is uplifting the growing
  market demand for genetically modified seeds.
  Demand for genetically modified (GM) seeds have
  seen growth in the countries like India, and
  China owing to huge population base which urge
  for ever increasing food grains demand driving
  the market growth in the region. According to US
  Energy Information Administration (EIA), corn is
  a primary feedstock of ethanol production, U.S.
  produced 15.1 billion heaps of corn during
  20162017 greater than 11 from 20152016.
  Furthermore, according to Renewable Fuel
  Association, total ethanol production of the U.S.
  has increased from 14.30 billion gallons in 2014
  to 14.81 billion gallons in 2015.Further,
  escalating demand of oleo-chemicals from
  genetically modified seeds will acts as a
  significant trend for market growth owing to
  numerous industries shifting towards
  oleo-chemicals instead of petrochemicals as
  oleo-chemical has cheaper cost and eco-friendly
  nature.
• Unpredictable climatic conditions and high demand
  for food from end users demands for adoption of
  genetically modified (GM) seeds is growing among
  farmers. Cost of developing GM seeds is soaring
  thus propelling seeds price. However, strict
  regulations levied by several regulatory bodies
  such as Environmental Protection Agency, United
  States Department of Agriculture and Food Drug
  Administrationlimits usage of genetically
  modified crops thusdeterring market
  growth.Incident of profit orientation by
  exporting fake genetically modified seeds and
  counterfeit of seeds and packages by repacking in
  smaller volumes and selling loosely have risen in
  the developing countries owing to low income of
  farmers.

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• North America dominates genetically modified (GM)
  seeds market owing to high acceptance of
  genetically modified or biotech crops in the
  region. Asia Pacific is predictable to exhibit
  swift growth during the forecast period.
• Prominent players associated in the global
  genetically modified (GM) seeds market
  includesAgReliant Genetics LLC, BASF SE, Bayer
  Crop Science Ltd., Canterra Seeds Holdings Ltd.,
  DLFSeeds Science, Dow AgroSciences LLC,
  DowDuPont, Inc., Groupe Limagrain Holding SA, KWS
  SAAT SE, Land O'Lakes, Inc., Monsanto Company,
  Sakata Seed Corporation, Syngenta AG and Takii
  Seeds among others.
• Global genetically modified (GM) seeds market is
  segmented by type, crop type, trait,distribution
  channel and region. By type, it is categorised
  into conventional and genetically modified. Based
  on crop type, it bifurcates into cereals
  grains, oilseeds pulses, fruits vegetables
  and others (including fiber crops other
  commercial crops like tobacco and medicinal
  plants). By trait, it is grouped into insect
  resistance, herbicide tolerance and others.
  Further, distribution channel segments into e-
  retailers, direct sales and others. Based on
  regional insights, it bifurcates into North
  America (US, Canada, Rest of North America), Asia
  Pacific (China, India, Vietnam, Bangladesh, Rest
  of Asia Pacific), Europe (UK, Russia, Germany,
  Rest of Europe), Rest of the World (Latin America
  and Middle East Africa).

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Segmentation and Scope of the Global Genetically
Modified (GM) Seeds Market

• Global genetically modified (GM) seeds market is
  segmented into type, crop type, trait,
  distribution channel and region.
• By Type
• Conventional
• Genetically Modified
• By Crop Type
• Cereals Grains
• Oilseeds Pulses
• Fruits Vegetables
• Others (including fiber crops other commercial
• crops like tobacco and medicinal plants)
• By Trait
• Insect Resistance
• Herbicide Tolerance
• Others
• By Distribution Channel
• e-Retailers
• Direct Sales
• Others
• By Region

• Latin America
• Argentina
• Brazil
• Chile
• Colombia
• Rest of Latin America

• North America
• US
• Canada
• Rest of North America
• Europe
• UK
• Germany
• Russia
• Italy
• Rest of Europe
• Asia Pacific
• India
• China
• Vietnam
• Bangladesh
• Rest of Asia Pacific
• Rest of World
• Middle East Africa
• Sudan

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Prominent players in the Global Genetically
Modified (GM) Seeds Market includes

• AgReliant Genetics LLC
• BASF SE
• Bayer Crop Science Ltd.
• Canterra Seeds Holdings Ltd.
• DLF Seeds Science
• Dow AgroSciences LLC
• DowDuPont, Inc.
• Groupe Limagrain Holding SA
• KWS SAAT SE
• Land O'Lakes Inc.
• Monsanto Company
• Sakata Seed Corporation
• Syngenta AG
• Takii Seeds

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