Genetically Modified Crops Market, by Crop Type (Soybean, Maize, Cotton, Canola, Others (Sugar Beat, etc.)), by Trait (Herbicide Tolerance (HT), Insect Resistance (IR), Stacked Traits (ST)), and by Region (North America, Latin America, Asia Pacific, Europ

Genetically Modified Crops Market, by Crop Type (Soybean, Maize, Cotton, Canola, Others (Sugar Beat, etc.)), by Trait (Herbicide Tolerance (HT), Insect Resistance (IR), Stacked Traits (ST)), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

The Deoxyribonucleic acid (DNA) of crop is modified using genetic engineering methods to provide resistance to certain pests, reduce spoilage, and improving nutrient profile of the crop.
Market Dynamics
The growing agriculture industry has led to growth of genetically modified crops to meet rising demand for food across the globe. According to the Food and Agricultural Organization’s (FAO) report, in 2015, over 11% of the world’s land which accounted for 1.5 billion ha was used for crop production, and over 2.7 billion ha land possesses potential for crop production. Also, according to India Brand Equity Foundation (IBEF), in India, during 2017 – 2021, food grain production was pegged at 285.01 million tons and is expected to grow at a faster pace over the forecast period. Moreover, according to FAO forecast, the projected increase in the world crop production from 1999 to 2030 is 55%.
North America is expected to witness significant growth in the global genetically modified crops market by 2021. This is attributed to growing demand for genetically modified food in this region. For instance, according to United States Department of Agriculture, Economic research Service, the percentage of genetically modified corn planted was 88% in 2011 and increased to 92% in 2021.
However, stringent regulations and ban on genetically modified seeds or crops is hindering the growth of genetically modified crops market. For instance, in October 2015, in Europe, more than half of the 28 countries in the European Union (EU), including France and Germany banned their farmers from growing genetically modified crops.
Key features of the study:
This report provides in-depth analysis of genetically modified crops market and provides market size (US$ Billion and Tons) and cumulative annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global genetically modified crops market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include BASF SE, Bayer AG, The Dow Chemical Company and Syngenta AG among others.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology development, market expansion, and marketing tactics
The global genetically modified crops market report caters to various stakeholders in this industry including investors, suppliers, genetically modified crops manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the genetically modified crops market
Detailed Segmentation:
Global Genetically Modified Crops Market, By Crop Type:
Soybean
Maize
Cotton
Canola
Others (Sugar Beat, etc.)
Global Genetically Modified Crops Market, By Trait:
Herbicide Tolerance (HT)
Insect Resistance (IR)
Stacked Traits (ST)
Global Genetically Modified Crops Market, By Region:
North America
U.S.
By Crop Type:
Soybean
Maize
Cotton
Canola
Others
By Trait:
Herbicide Tolerance (HT)
Insect Resistance (IR)
Stacked Traits (ST)
Canada
By Crop Type:
Soybean
Maize
Cotton
Canola
Others
By Trait:
Herbicide Tolerance (HT)
Insect Resistance (IR)
Stacked Traits (ST)
Europe
U.K.
By Crop Type:
Soybean
Maize
Cotton
Canola
Others
By Trait:
Herbicide Tolerance (HT)
Insect Resistance (IR)
Stacked Traits (ST)
Germany
By Crop Type:
Soybean
Maize
Cotton
Canola
Others
By Trait:
Herbicide Tolerance (HT)
Insect Resistance (IR)
Stacked Traits (ST)
Italy
By Crop Type:
Soybean
Maize
Cotton
Canola
Others
By Trait:
Herbicide Tolerance (HT)
Insect Resistance (IR)
Stacked Traits (ST)
France
By Crop Type:
Soybean
Maize
Cotton
Canola
Others
By Trait:
Herbicide Tolerance (HT)
Insect Resistance (IR)
Stacked Traits (ST)
Russia
By Crop Type:
Soybean
Maize
Cotton
Canola
Others
By Trait:
Herbicide Tolerance (HT)
Insect Resistance (IR)
Stacked Traits (ST)
Rest of Europe
By Crop Type:
Soybean
Maize
Cotton
Canola
Others
By Trait:
Herbicide Tolerance (HT)
Insect Resistance (IR)
Stacked Traits (ST)
Asia Pacific
China
By Crop Type:
Soybean
Maize
Cotton
Canola
Others
By Trait:
Herbicide Tolerance (HT)
Insect Resistance (IR)
Stacked Traits (ST)
India
By Crop Type:
Soybean
Maize
Cotton
Canola
Others
By Trait:
Herbicide Tolerance (HT)
Insect Resistance (IR)
Stacked Traits (ST)
Japan
By Crop Type:
Soybean
Maize
Cotton
Canola
Others
By Trait:
Herbicide Tolerance (HT)
Insect Resistance (IR)
Stacked Traits (ST)
ASEAN
By Crop Type:
Soybean
Maize
Cotton
Canola
Others
By Trait:
Herbicide Tolerance (HT)
Insect Resistance (IR)
Stacked Traits (ST)
Australia
By Crop Type:
Soybean
Maize
Cotton
Canola
Others
By Trait:
Herbicide Tolerance (HT)
Insect Resistance (IR)
Stacked Traits (ST)
South Korea
By Crop Type:
Soybean
Maize
Cotton
Canola
Others
By Trait:
Herbicide Tolerance (HT)
Insect Resistance (IR)
Stacked Traits (ST)
Rest of Asia Pacific
By Crop Type:
Soybean
Maize
Cotton
Canola
Others
By Trait:
Herbicide Tolerance (HT)
Insect Resistance (IR)
Stacked Traits (ST)
Latin America
Brazil
By Crop Type:
Soybean
Maize
Cotton
Canola
Others
By Trait:
Herbicide Tolerance (HT)
Insect Resistance (IR)
Stacked Traits (ST)
Argentina
By Crop Type:
Soybean
Maize
Cotton
Canola
Others
By Trait:
Herbicide Tolerance (HT)
Insect Resistance (IR)
Stacked Traits (ST)
Mexico
By Crop Type:
Soybean
Maize
Cotton
Canola
Others
By Trait:
Herbicide Tolerance (HT)
Insect Resistance (IR)
Stacked Traits (ST)
Rest of Latin America
By Crop Type:
Soybean
Maize
Cotton
Canola
Others
By Trait:
Herbicide Tolerance (HT)
Insect Resistance (IR)
Stacked Traits (ST)
Middle East & Africa
Middle East
By Crop Type:
Soybean
Maize
Cotton
Canola
Others
By Trait:
Herbicide Tolerance (HT)
Insect Resistance (IR)
Stacked Traits (ST)
Africa
By Crop Type:
Soybean
Maize
Cotton
Canola
Others
By Trait:
Herbicide Tolerance (HT)
Insect Resistance (IR)
Stacked Traits (ST)
Company Profiles
Bayer AG*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
BASF SE
Syngenta AG
The Dow Chemical Company
“*” marked represents similar segmentation in other categories in the respective section.