Asia Pacific GMO Seed Market

Asia Pacific GMO Seed Market Size (2024 to 2029):

The Asia Pacific GMO seed market is expected to reach USD 7.40 million in 2024 and reach USD 11.51 million by 2029, growing at a CAGR of 9.25% from 2024 to 2029.

GMO stands for genetically modified organism, and it circumscribes a lot of products in industries, including medicinal, scientific, and agricultural applications. GMO refers to seeds in agriculture and food consumption. Genetically modified seeds have been used by farmers around the world for about 20 years. GM seeds have distinct traits which set them apart from other seeds. They include qualities like herbicide resistance, insect resistance, and efficient water usage.

The growth of the Asia-Pacific GMO seed market is mainly driven by the rise in the adoption of biofuels and the increased demand for animal feeds. Furthermore, the increasing threat from global food companies to non-GM food products and the premium pricing of non-GM foods also act as substantial factors of market growth. Supportive governmental policies encouraging the use of GMO seeds also act as a driver for market growth. However, issues of Intellectual Property Rights and delays in certifying GMO seeds by administrative arms of governments act as restraints on market growth.

This research report on the Asia Pacific GMO seed market is segmented and sub-segmented into the following categories:

Asia Pacific GMO Seed Market - By Product:

• corn
• soybean
• cotton
• canola
• others

Asia Pacific GMO Seed Market - By Traits:

• herbicide-tolerant
• insect resistant
• others

Asia Pacific GMO Seed Market – By Country:

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

The Asia-Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. Asia-Pacific is predicted to grow with the highest CAGR during the forecast period. Factors such as growing consumption and supportive government policies, coupled with the rapid growth in distribution channels are anticipated to lead the growth of the market in this region.

KEY MARKET PLAYERS:

Monsanto, Bayer CropScience, DowDuPont, Groupe Limagrain, and Syngenta. These are market players dominating the Asia Pacific GMO seed market.