Genetically Modified Crops Market, By Crop Type (Corn, Soybean, Cotton, and Others), By Trait Type (Herbicide Tolerance, Insect Resistance, and Stacked Traits), By Application (Food and Feed, Biofuels, and Others), By Geography (North America, Latin Ameri

Genetically Modified Crops Market, By Crop Type (Corn, Soybean, Cotton, and Others), By Trait Type (Herbicide Tolerance, Insect Resistance, and Stacked Traits), By Application (Food and Feed, Biofuels, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Various technological advancements in gene editing and plant breeding have enabled scientists to modify plant genomes and develop crops with desired traits. Genetically modified or transgenic crops allow enhancing crop yields, nutritional qualities, resistance to herbicides and pests. Rising population and need for sustainable food supply are major factors are fueling the demand for genetically modified crops globally. Countries like the U.S., Brazil, Argentina, India, and Canada have widely commercialized GM crops. However, safety concerns regarding effects on human health and environment still remain a challenge. Overall, the global genetically modified crops market is expected to grow further with ongoing R&D and new product approvals.

Market Dynamics:

The key drivers boosting the global genetically modified crops market include growing population exerting pressure on limited food production, need for higher crop yields, and changing climate conditions making conventional farming difficult. Reduced use of agrochemicals and pesticides with herbicide tolerant GM crops along with higher profits for farmers are also propelling the market growth. However, stringent regulations around the safety of genetically modified crops and negative public perception around long term effects act as restraints. Rising investments in developing biotech traits for new varieties through gene editing can open up new opportunities. Genetically engineered drought tolerant and insect resistant corn and soybean varieties have widespread adoption in major GM crop countries such as India and others.

Key Features of the Study:

This report provides in-depth analysis of the global genetically modified crops market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global genetically modified crops market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Bayer CropScience, BASF SE, Syngenta, Corteva Agriscience, Monsanto (now part of Bayer), DowDuPont, J.R. Simplot Company, Maharashtra Hybrid Seed Company (Mahyco), JK Agri Genetics Ltd., KWS SAAT SE & Co. KGaA, Land O'Lakes, Inc., Limagrain, Cibus, FMC Corporation, GenTech Seeds Pty Ltd., Pioneer Hi-Bred International (a subsidiary of Corteva), and Hawaiian Commercial & Sugar Company

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global genetically modified crops market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global genetically modified crops market

Detailed Segmentation-

Crop Type Insights (Revenue, USD Bn, 2019 - 2031)

Corn

Soybean

Cotton

Others

Trait Type Insights (Revenue, USD Bn, 2019 - 2031)

Herbicide Tolerance

Insect Resistance

Stacked Traits

Application Insights (Revenue, USD Bn, 2019 - 2031)

Food and Feed

Biofuels

Others

Regional Insights (Revenue, USD Bn 2019 - 2031)

North America

U.S.

Canada

Latin America

Brazil

Argentina

Mexico

Rest of Latin America

Europe

Germany

U.K.

Spain

France

Italy

Russia

Rest of Europe

Asia Pacific

China

India

Japan

Australia

South Korea

ASEAN

Rest of Asia Pacific

Middle East

GCC Countries

Israel

Rest of Middle East

Africa

South Africa

North Africa

Central Africa

Key Players Insights

Bayer CropScience

BASF SE

Syngenta

Corteva Agriscience

Monsanto (now part of Bayer)

DowDuPont

R. Simplot Company

Maharashtra Hybrid Seed Company (Mahyco)

JK Agri Genetics Ltd.

KWS SAAT SE & Co. KGaA

Land O'Lakes, Inc.

Limagrain

Cibus

FMC Corporation

GenTech Seeds Pty Ltd.

Pioneer Hi-Bred International (a subsidiary of Corteva)

Hawaiian Commercial & Sugar Company