GMO Crops and Seeds

GMO Crops and Seeds

Global GMO Crops and Seeds Market to Reach US$102.0 Billion by 2030

The global market for GMO Crops and Seeds estimated at US$70.1 Billion in the year 2023, is expected to reach US$102.0 Billion by 2030, growing at a CAGR of 5.5% over the analysis period 2023-2030. Corn Crop, one of the segments analyzed in the report, is expected to record a 6.4% CAGR and reach US$45.0 Billion by the end of the analysis period. Growth in the Soybean Crop segment is estimated at 5.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$18.9 Billion While China is Forecast to Grow at 9.2% CAGR

The GMO Crops and Seeds market in the U.S. is estimated at US$18.9 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$22.7 Billion by the year 2030 trailing a CAGR of 9.2% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.8% and 6.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.0% CAGR.

Global GMO Crops and Seeds Market - Key Trends & Drivers Summarized

How Are GMOs Shaping Agricultural Productivity?

Genetically modified (GMO) crops and seeds have become central to modern agriculture due to their potential to improve crop yield, resilience, and nutritional content. GMO crops are engineered to resist pests, tolerate herbicides, and withstand extreme environmental conditions, enabling farmers to achieve higher productivity. These traits are particularly valuable in regions facing food insecurity or adverse climate conditions, where GMO crops can provide a stable food supply. As global demand for food continues to rise, GMO crops offer a viable solution for increasing agricultural productivity and addressing food shortages.

Why Is the Demand for Herbicide-Resistant and Pest-Resistant Crops Growing?

The demand for herbicide-resistant and pest-resistant GMO crops has grown as farmers seek effective ways to reduce crop loss and minimize the use of chemical pesticides. Crops engineered to be herbicide-tolerant allow for more targeted weed management, which can lower production costs and reduce environmental impact. Pest-resistant crops, such as those containing Bacillus thuringiensis (Bt) genes, provide natural defense against pests, reducing the need for insecticides. This trend is particularly significant in regions with high agricultural output, where reducing pesticide usage is a priority for both environmental and economic reasons.

What Role Do Regulatory Approvals Play in Market Expansion?

Regulatory approvals play a crucial role in the GMO crops and seeds market, as different regions have varying acceptance levels for genetically modified products. In countries like the United States, Brazil, and Argentina, GMO crops are widely accepted, allowing for significant market penetration and innovation in genetic engineering. Conversely, regions with strict regulations, such as Europe, limit GMO adoption, affecting market dynamics. However, as food security concerns grow, some regulatory bodies are revisiting policies on GMOs, potentially expanding the scope for GMO crop cultivation and creating new opportunities for market growth.

What Drives the Growth of the GMO Crops and Seeds Market?

The growth in the GMO crops and seeds market is driven by several factors, including the need for higher agricultural productivity, demand for herbicide and pest resistance, and regulatory shifts. Increasing global food demand has pushed for agricultural solutions that enhance crop yield and resilience, making GMO crops an attractive option. The benefits of herbicide and pest resistance are significant for farmers aiming to reduce chemical usage and enhance sustainability. Regulatory changes, particularly in countries reassessing GMO policies, also impact market expansion. Collectively, these factors support the growth of the GMO crops and seeds market as it adapts to global food supply challenges.

SCOPE OF STUDY:

The report analyzes the GMO Crops and Seeds market in terms of US$ Million by the following Crop Type; Trait, and Geographic Regions/Countries:

Segments:
Crop Type (Corn, Soybean, Cotton, Alfalfa, Other Crop Types); Trait (Herbicide Tolerance, Insect Tolerance, Other Traits)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 19 Featured) -

• AgReliant Genetics LLC
• BASF SE
• Bayer Crop Science Ltd.
• Canterra Seeds Holdings Ltd.
• DLF Seeds & Science
• Dow AgroSciences LLC
• Dow, Inc.
• DuPont de Nemours, Inc.
• Groupe Limagrain Holding SA
• KWS SAAT SE
• Land O`Lakes, Inc.
• Monsanto Company
• Sakata Seed Corporation
• Syngenta AG
• Takii & Co., Ltd. (Takii Seeds)

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