Transgenic Seeds Market

Global Transgenic Seeds Market Size (2024 to 2032)

The global transgenic seeds market was expected to be valued at USD 37.8 million in 2023 and is anticipated to reach USD 42.37 million in 2024 from USD 105.67 million by 2032, growing at a CAGR of 12.1%, from 2024 to 2032. 

The transgenic seed market is showing evident potential in the mentioned forecasting period. The market continues to gain momentum with the GM crops gaining interest in feed industries around developing economies. Transgenic Seeds, also known as genetically modified seeds, are the seeds used in agriculture that have been modified to suit better with the environment and enhance productivity. They are used to introduce certain traits in crops that don’t occur naturally.

Market Drivers

There are 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, and industrial preference for products of high quality. On the other hand, the market faces challenges as well as stringent rules and regulations, the need for high support of R&D, chances of ecosystem disruption, and resistant genes in pests.

REPORT COVERAGE

REGIONAL ANALYSIS

The transgenic seeds market was dominated by North and Latin America, with an overall combined market share of over 70% globally. America regions were followed by Asia Pacific. America region, as well as Asia-Pacific, is predicted to grow at a rapid pace while the Europe market is expected to be stagnant in the coming few years.

KEY MARKET PLAYERS

Bayer Cropscience AG, Syngenta AG, Dow Chemical Company, E.I. Du Pont De Nemours and Company, Monsanto, BASF SE, Vilmorin & Cie (Limagrain Group), Suntory Holdings Limited, J.R. Simplot Company, Bejo Zaden B.V. some of the market players dominate the global transgenic seeds market.

DETAILED SEGMENTATION OF THE GLOBAL TRANSGENIC SEEDS MARKET INCLUDED IN THIS REPORT

This research report on the global transgenic seeds market is segmented and sub-segmented into the following categories.

By Traits

• Insecticide
• Resistance
• Herbicide
• Tolerance

By Crops

• Corn
• Soybean
• Canola
• Cotton

By Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa