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Latin America GMO Seed Market By Product (corn, Soybean, Cotton, Canola, Others), By Traits (herbicide Tolerance, Insect Resistance, Others), And By Region - Industry Analysis, Size, Share, Growth, Trends And Forecasts | 2022 to 2027.

Published: March, 2023
ID: 4681
Pages: 145
Formats: report pdf report excel report power bi report ppt

Latin America GMO Seed Market Size, Growth, Trends and Forecast:

Latin America GMO Seed Market was worth USD xx million in 2021 and estimated to be growing at a CAGR of xx%, to reach USD xx million 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 which set them apart from other seeds. They include qualities like herbicide resistance, insect resistance and efficient water usage.

Latin America GMO Seed Market Drivers:

The Latin America GMO Seed market is driven by the rise in 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 acts 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.

The Latin America GMO Seed Market is segmented and sub-segmented into following categories:

Latin America GMO Seed Market - By Product:

  • corn

  • soybean
  • cotton
  • canola
  • others

Latin America GMO Seed Market - By Traits:

  • herbicide tolerant
  • insect resistant
  • others

The Market is Geographically divided into:

Latin America:

  • Brazil
  • Mexico
  • Argentina
  • South America

The huge rise in spending in the GMO Seed market has increased the demand in the market. Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia. The availability of large customer base with rising disposable incomes is set to drive the market in the foreseeable future.

Key Players:

  • Monsanto
  • Bayer CropScience
  • DowDuPont
  • Grooupe Limagrain and Syngenta

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