Latin America Transgenic Seeds Market had a market value of USD 12.61 billion in 2021 and is forecasted to exhibit a CAGR of 13.26% and reach USD 19.91 billion by 2026. The Transgenic Seeds market is predicted to showcase huge potential in the forecasting period. The market has continued to gain momentum with rise in feed industries’ interest towards gm crops and seeds, across emerging economies.
Transgenic Seeds, also known as genetically modified seeds, are the seeds used in agriculture which have been modified to suit better with the environment and enhance the productivity. They are used to introduce certain traits in crops which don’t occur naturally.
Latin America Transgenic Seeds Market Drivers:
There various factors influencing the growth of the transgenic seeds market. The factors driving the market growth include, increasing agricultural productivity, cost reduction and use of farm inputs, regulation limits on pesticide utilization, industrial preference of products of high quality. On the other hand, the market faces challenges as well like stringent rules and regulations, need for high support of R&D, chances of ecosystem disruption, resistant genes in pests.
Latin America Transgenic Seeds Market - By Crops:
Canola
Latin America Transgenic Seeds Market - By Trait:
Geographical Analysis:
On the basis of geography, the Latin America market is analysed under various regions namely
Latin America market is head to head with North America, which is the largest market in terms of the market share.
Major Key Players:
Among various big companies in the Transgenic Seeds market, the major ones are Syngenta AG, Dow Chemical Company, Bayer Cropscience AG, E.I. Du Pont De Nemours and Company, BASF SE, Monsanto, Suntory Holdings Limited, J.R. Simplot Company, Vilmorin & Cie (Limagrain Group), Bejo Zaden B.V.
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