Global Transgenic Seeds Market Research Report: Information By Trait (Herbicide Tolerance, Insect- Resistance and Others), By Crop (Maize, Cotton, Rice, Soybean, Canola and Others) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027

Market Scenario

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.

Market Synopsis

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.

Market USP

Technological Advancements in Seed Production

Market Drivers

• Growth of the private sector in seed production: The private sector companies play a significant role in seed production and distribution, both in developed and developing economies. Many multinational, small, and medium companies have established a presence in developing economies, especially in Asia-Pacific and Latin America. For instance, more than 70% of certified vegetable seeds are produced by domestic companies in Colombia. The Government of Colombia recognizes the greater role played by the private sector and has introduced changes in policies to support the emergence of the sector. Compulsory regulations for seed certification and variety releases have been replaced by voluntary ones in Latin America. Additionally, in Brazil, both the private and public sectors participate in R&D through the Brazilian Agricultural Research Corporation (EMBRAPA). The collaboration of public and private sectors helps in the efficient distribution of seeds to smallholder farmers and directly supports the global efforts of meeting food security targets.


• Surging demand for high quality and quantity crop produce


• Growing awareness regarding precision agriculture


• Need to limit pesticide use

Market Restraint

• Implementation of stringent rules & regulations

Segmentation

By Trait

• Herbicide Tolerance: The segment accounted for the largest revenue share in 2019 and is expected to maintain its dominance during the forecast period. Weeds pose a significant threat to farmers. Hence, controlling weed attacks on crops has gained importance. Ineffective weed control drastically reduces crop yield and quality. Tolerance toward herbicides is the ability of plants to withstand a particular chemical herbicide, allowing farmers to kill weeds without harming the crops. Most plants are naturally tolerant to selective herbicides and this natural resistance is utilized to breed broad-spectrum resistance in agricultural crop varieties. This enables farmers to use fewer applications of a single herbicide, making the process of killing weeds more efficient and flexible.


• Insect Resistance


• Others

By Crop

• Maize: The segment accounted for the lion’s share in the global transgenic seeds market in 2019 and is expected to continue to do so during the forecast period. High demand for maize is the major factor driving the segment’s growth. The US accounts for the maximum consumption of transgenic maize seeds for its herbicide tolerance and insect resistance traits. According to the Food & Drug Administration (FDA), more than 90% of the maize grown in North America is genetically modified.


• Cotton


• Rice


• Soybean


• Canola


• Others

By Region

• North America: North America is projected to gain the lion’s share in the global transgenic seeds market and register a notable CAGR during the forecast period. The US is the major market contributing to the regional market growth. Technological advancements and high investment in agricultural activities are boosting the demand for transgenic seeds in the region. Soybean, maize, canola, and cotton are the major transgenic crops cultivated in the US.


• Europe


• Asia-Pacific


• Rest of the World

Key Players

• 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)

Report Scope:

Report Attribute/Metric	Details
Market Size	USD 77 Billion
CAGR	12% (2020-2027)
Base Year	2019
Forecast Period	2026
Historical Data	2016-2018
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	Advancements in seed sciences and technologies are geared toward the development, processing, and maintenance of transgenic seeds with high quality. The collaboration of public and private sectors helps in the efficient distribution of seeds to smallholder farmers.

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