ID: MRFR/AGR/8918-HCR | February 2021 | Region: Global | 90 pages
Global Transgenic Seeds Market size is expected to cross USD 77 Billion by 2027 at a CAGR of 12% during the forecast period of 2020 to 2027. Rising population and the increasing demand for food is expected to propel the growth of the global transgenic seeds market during the forecast period. The players focus on investing in research and development and adopting strategic growth initiatives such as acquisitions, product launches, and expansions to strengthen their market position and capture a large customer base. There is a high level of competition among the market players in terms of product quality and variety. The growing demand for food supply across the globe provides an opportunity for the players to emphasize innovation and product quality to expand their customer base. Thus, the manufacturers are focusing on introducing new and innovative products and various strategic expansion plans across the globe to survive in the competitive market.
Global Transgenic Seeds Market is expected to register a significant growth rate during the forecast period. Rising population and the increasing demand for food is expected to propel the growth of the global transgenic seeds market during the forecast period. The increasing demand for high-quality yield is another significant factor for the growth of the market across the globe. Technological advancements also play a major role in the growth of the global transgenic seeds market. However, unfavorable climatic conditions and negative perception regarding GMO’s among consumers are expected to hinder the growth of the global transgenic seeds market during the forecast period.
Rising population and the increasing demand for agricultural commodities are significant factors for the growth of the transgenic seeds market. Seeds are primary agricultural capital goods and seed quality is paramount for agricultural production. Advancements in seed sciences and technologies are geared toward the development, processing, and maintenance of transgenic seeds with high quality. The adoption of advanced farming practices has led to the production of enhanced seed varieties, resulting in high-quality crop yield via transgenic seeds. Intensive R&D undertaken by seed producers has led to the introduction of evolved strains of seeds that display improved resistance to diseases and pests, enabling enhanced yields and quality produce.
Technological Advancements in Seed Production
|Market Size||USD 77 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Trait, and By Crop|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Suntory Holdings Ltd (Japan), DowDuPont (US), Vilmorin & Cie SA (France), Maharashtra Hybrid Seed Company (India), Bayer CropScience AG (Germany), Monsanto (US), BASF SE (Germany), Syngenta AG (Switzerland), R.Simplot Co. (US), JK Agri Genetics Ltd (India)|
|Key Market Opportunities||Introducing new and innovative products and various strategic expansion plans across the globe to survive in the competitive market.|
|Key Market Drivers||