GMO Seed Market was worth USD xxx billion in 2021 and estimated to be growing at a CAGR of xxx%, to reach USD xxx billion by 2026.
GMO stands for Genetically Modified Organism and it circumscribes a lot of products in industries which include medicinal, scientific and agricultural applications. GMO refers to seeds in the matter of agriculture and food consumption.Genetically modifies seeds have been used by farmers around the world for about 20 years. GM seeds have distinct traits that set them apart from other seeds. They include qualities like herbicide resistance, insect resistance, and efficient water usage.
Drivers and Restraints of GMO Seed Market:
The growth of the vital GMO Seed market is majorly driven by the rise in the adoption of biofuels and the increased demand for animal feeds. Furthermore, the increasing threat from 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.
REPORT METRIC |
DETAILS |
Market Size Available |
2020 – 2026 |
Base Year |
2020 |
Forecast Period |
2022 - 2027 |
CAGR |
xxx% |
Segments Covered |
By Product, Traits and Region |
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 |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Monsanto,Bayer CropScience,DowDuPont,Groupe Limagrain,Syngenta and Others. |
The GMO Seed Market is segmented and sub-segmented into following categories:
Corn
The Market is Geographically divided into:
In 2020, North America led the GMO Seed market in terms of market share. The market for these GMO Seed in the Asia-Pacific area is amplifying because of more supportive government policies and increasing demand for biofuels. The Asia-Pacific and other rising nations are foreseen to develop at a quick pace in the GMO Seed market in the following years when compared with the seasoned markets of developed regions.
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