The North American GMO seed market size is expected to reach USD 14,27 billion in 2024 and reach USD 21.07 billion by 2029, growing at a CAGR of 8.11% from 2024 to 2029.
GMO stands for genetically modified organisms, 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 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 North American GMO seed market is 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 North American GMO seed market is segmented and sub-segmented into the following categories:
North America GMO Seed Market - By Product:
North America GMO Seed Market - By Traits:
North America GMO Seed Market – By Country:
The North American region held the major stake in the aggregate income of the Global GMO seed market in 2016 because of noteworthy growth in consumption brought about by established distribution channels and supportive governmental policies.
KEY MARKET PLAYERS:
Monsanto, Bayer CropScience, DowDuPont, Grooupe Limagrain, Syngenta. Some of the market players dominate the North American GMO seed market.
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