Asia Pacific Genetically Modified Seeds Market Report – Segmented By Crop Type, Trait Type, And By Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC) - Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2024 to 2029

Updated On: June, 2024

ID: 4536

Pages: 145

Asia Pacific Genetically Modified Seeds Market Size (2024 to 2029)

The Asia Pacific genetically modified seeds market size is expected to reach USD 11.25 billion in 2024 and reach USD 18.04 billion by 2029, growing at a CAGR of 9.9% from 2024 to 2029.

Genetically modified seeds are the seeds that are used in farming. Their DNA 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 growth of the genetically modified seeds market can be attributed to the increase in adoption of biofuels, the growth of the Asia Pacific population and the consequent food demand, growing demand for animal feed, and preference for oleo-chemicals. Growing acceptance of biotech drought-tolerant plants and increasing demand for high-yield crops are also considered to be the driving factors of this market.

This research report on the Asia Pacific genetically modified seeds market is segmented and sub-segmented into the following categories.

Asia Pacific Genetically Modified Seeds Market Analysis By Crop Type

Corn
Soybean
Cotton
Canola
Others

Asia Pacific Genetically Modified Seeds Market Analysis By Trait Type

Herbicide Tolerance
Insect Resistance
Others

COUNTRY ANALYSIS

India
China
Japan
South Korea
Australia
New Zealand
Thailand
Malaysia
Vietnam
Philippines
Indonesia
Singapore
Rest of APAC

The presence of emerging economies like China and India has led to high growth potential for the genetically modified seeds market in the Asia Pacific.

KEY PLAYERS IN THE ASIA PACIFIC GENETICALLY MODIFIED SEEDS MARKET

This market is extremely disjointed with numerous big and developing players operating in the business. The major companies dominating the Asia Pacific Genetically Modified Seeds Market are Bayer CropScience, DowDuPont, Groupe Limagrain, Monsanto and Syngenta, BASF, DLF Seeds and Science, Kleinwanzlebener Saatzuch SAAT SE, Land O'Lakes, Sakata Seed, and Takii Seed.