The genetically modified seeds market is expected to reach USD 39.85 billion in 2024 and reach USD 63.59 billion by 2029, growing at a CAGR of 9.8% 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 the adoption of biofuels, the growth of the population and the consequent food demand, the growing demand for animal feed, and the preference for oleo-chemicals. The 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.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
9.8% |
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Segments Covered |
By Crop Type, Trait Type, By Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Bayer CropScience DowDuPont Groupe Limagrain Monsanto and Syngenta BASF DLF Seeds and Science Kleinwanzlebener Saatzuch SAAT SE Land O'Lakes Sakata Seed Takii Seed. |
As of 2016, North America dominated the global Genetically Modified Seeds Market with a market share of around 30% globally.
Bayer CropScience, DowDuPont, Groupe Limagrain, Monsanto and Syngenta, BASF, DLF Seeds and Science, Kleinwanzlebener Saatzuch SAAT SE, Land O'Lake, Sakata Seed, Takii Seed. Some of the market players dominate the global genetically modified seeds market.
By Crop Type
By trait Type
By Region
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