Transgenic Seed Market Forecasts to 2030 – Global Crop Type (Soybean, Corn, Cotton, Canola and Other Crop Types), Trait, Distribution Channel and By Geography

Transgenic Seed Market Forecasts to 2030 – Global Crop Type (Soybean, Corn, Cotton, Canola and Other Crop Types), Trait, Distribution Channel and By Geography


According to Stratistics MRC, the Global Transgenic Seed Market is accounted for $26.9 billion in 2023 and is expected to reach $91.7 billion by 2030 growing at a CAGR of 7.2% during the forecast period. Transgenic seeds are genetically modified organisms (GMOs) created by introducing foreign genes into plant DNA. These genes can encode traits like pest resistance, herbicide tolerance, or improved yield. Transgenic seeds aim to enhance crop productivity and sustainability but raise concerns about safety, environmental impact, and corporate control over agriculture. They offer potential solutions to global food security challenges by reducing crop losses and chemical inputs.

According to a recent study, GMOs enhance crop yields by 22%, reduce pesticide use by 37%, and increase profits by 68%.

Market Dynamics:

Driver:

Rising global population and food demand

With a growing population, there is an increasing need for higher agricultural productivity to meet the demand for food. Transgenic seeds, which are genetically modified to exhibit traits such as resistance to pests, diseases, and herbicides, can offer higher yields per acre compared to conventional seeds. This can lead to greater adoption of transgenic seeds by farmers looking to maximize their crop output to feed the growing population and improved yields, resilience against environmental stresses, such as drought or pests, which can threaten food security.

Restraint:

Public concern about genetically modified organism’s safety

Public outcry over GMO safety concerns may prompt governments to impose stricter regulations or labelling requirements on transgenic seeds and products. This can create barriers to market access for seed companies, as compliance with varying regulations across different regions can be costly and time-consuming. Additionally, some countries may outright ban the cultivation or importation of genetically modified crops in response to public pressure, further limiting market opportunities for transgenic seeds.

Opportunity:

Need for sustainable agricultural practices

Transgenic seeds designed for traits like increased nutrient uptake efficiency or reduced water requirements can enhance resource use efficiency in agriculture, promoting sustainability. By minimizing waste and optimizing resource utilization, these seeds can contribute to environmental conservation efforts and reduce the ecological footprint of agriculture. For example, crops engineered for nitrogen fixation can reduce the need for synthetic fertilizers, which can have adverse environmental impacts such as water pollution and greenhouse gas emissions.

Threat:

Potential for gene flow and weed resistance

Weed resistance poses challenges to sustainable agriculture by undermining the efficacy of integrated pest management practices and promoting reliance on chemical inputs. Inefficacy of herbicide-resistant transgenic crops in controlling resistant weeds can lead to increased herbicide usage, potential environmental contamination, and adverse impacts on non-target organisms. This can compromise the long-term sustainability of agricultural systems and exacerbate environmental degradation hampering the market growth.

Covid-19 Impact

On one hand, disruptions in supply chains and labor shortages have affected seed production and distribution. On the other hand, heightened awareness of food security and the need for resilient agricultural systems has spurred interest in transgenic seeds with traits like disease resistance and increased yields. Regulatory delays and reduced farmer incomes have posed challenges, but the long-term trend towards sustainable agriculture may drive continued innovation and adoption of transgenic seeds post-pandemic.

The insect resistance segment is expected to be the largest during the forecast period

The insect resistance segment is estimated to have a lucrative growth, as transgenic seeds engineered for insect resistance offer farmer’s protection against pests, reducing crop damage and losses. This leads to increased yields and productivity, making such seeds highly attractive to farmers seeking to optimize their agricultural output. Furthermore farmers spend less on purchasing pesticides, as well as on labour and equipment required for pesticide application, contributing to improved profitability and economic viability of farming operations.

The retail outlet segment is expected to have the highest CAGR during the forecast period

The retail outlet segment is anticipated to witness the highest CAGR growth during the forecast period, owing to retail outlets which often provide information and educational resources to farmers about transgenic seeds, including their benefits, characteristics, and proper usage. This helps farmers make informed decisions about which transgenic seeds are best suited to their specific needs and agricultural practices. In addition these may offer technical assistance, troubleshooting guidance, or product recommendations to help farmers maximize the effectiveness of transgenic seeds and address any issues or concerns.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the production, and sale of genetically modified (GM) seeds in countries like the United States, Canada, and Mexico. These companies invest heavily in research and development to create new genetically modified seed varieties with desirable traits that can improve crop yields, reduce the need for chemical inputs, and enhance agricultural sustainability. These traits offer farmers increased efficiency and reduced production costs, leading to widespread adoption of transgenic seeds in Asia Pacific agriculture.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, as it encompasses genetically modified seeds for major crops like corn, soybeans, cotton, and canola. Dominated by multinational corporations such as Bayer, Corteva Agriscience, Syngenta, and BASF, it focuses on traits like pest resistance and herbicide tolerance. These traits offer farmers increased yields and reduced costs but face scrutiny over environmental and health impacts. Regulatory frameworks vary across the region, with the United States generally more permissive. Despite controversy, transgenic seeds play a significant role in addressing agricultural challenges, including food security and sustainable farming practices, within the North American context.

Key players in the market

Some of the key players in the Transgenic Seed Market include BASF SE, Bayer AG, DLF-Trifolium, Dow AgroSciences, Vilmorin & Cie SA, Groupe Limagrain, KWS AG, Land O’Lakes, Limagrain, Monsanto, Nemours & Company, Sakata, Science AG, Simplot, Suntory, Syngenta, UPL Limited.

Key Developments:

In April 2024, Vattenfall and BASF sign purchase agreement for 49 percent of Germany’s Nordlicht offshore wind farms. The two companies are deepening their partnership in the field of renewable energy

In April 2024, BASF is expanding its lineup of biomass-balanced ingredients tailored for the detergent and cleaning industry as well as industrial formulators across Europe. Swapping out fossil raw materials for renewable resources reduces carbon footprints

In April 2024, Bayer signs supply contract for electricity from renewable energy sources with Wuppertaler Stadtwerke. The contract underlines Bayer's global commitment to sustainability.

Crop Types Covered:
• Soybean
• Corn
• Cotton
• Canola
• Other Crop Types

Traits Covered:
• Insect Resistance
• Herbicide Tolerance
• Disease Resistance
• Abiotic Stress Tolerance
• Other Traits

Distribution Channels Covered:
• Direct Sale
• Authorized Distributors
• Retail Outlet
• Other Distribution Channels

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Emerging Markets
3.7 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Transgenic Seed Market, By Crop Type
5.1 Introduction
5.2 Soybean
5.3 Corn
5.4 Cotton
5.5 Canola
5.6 Other Crop Types
6 Global Transgenic Seed Market, By Trait
6.1 Introduction
6.2 Insect Resistance
6.3 Herbicide Tolerance
6.4 Disease Resistance
6.5 Abiotic Stress Tolerance
6.6 Other Traits
7 Global Transgenic Seed Market, By Distribution Channel
7.1 Introduction
7.2 Direct Sale
7.3 Authorized Distributors
7.4 Retail Outlet
7.5 Other Distribution Channels
8 Global Transgenic Seed Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 BASF SE
10.2 Bayer AG
10.3 DLF-Trifolium
10.4 Dow AgroSciences
10.5 Vilmorin & Cie SA
10.6 Groupe Limagrain
10.7 KWS AG
10.8 Land O’Lakes
10.9 Limagrain
10.10 Monsanto
10.11 Nemours & Company
10.12 Sakata
10.13 Science AG
10.14 Simplot
10.15 Suntory
10.16 Syngenta
10.17 UPL Limited
List of Tables
Table 1 Global Transgenic Seed Market Outlook, By Region (2021-2030) ($MN)
Table 2 Global Transgenic Seed Market Outlook, By Crop Type (2021-2030) ($MN)
Table 3 Global Transgenic Seed Market Outlook, By Soybean (2021-2030) ($MN)
Table 4 Global Transgenic Seed Market Outlook, By Corn (2021-2030) ($MN)
Table 5 Global Transgenic Seed Market Outlook, By Cotton (2021-2030) ($MN)
Table 6 Global Transgenic Seed Market Outlook, By Canola (2021-2030) ($MN)
Table 7 Global Transgenic Seed Market Outlook, By Other Crop Types (2021-2030) ($MN)
Table 8 Global Transgenic Seed Market Outlook, By Trait (2021-2030) ($MN)
Table 9 Global Transgenic Seed Market Outlook, By Insect Resistance (2021-2030) ($MN)
Table 10 Global Transgenic Seed Market Outlook, By Herbicide Tolerance (2021-2030) ($MN)
Table 11 Global Transgenic Seed Market Outlook, By Disease Resistance (2021-2030) ($MN)
Table 12 Global Transgenic Seed Market Outlook, By Abiotic Stress Tolerance (2021-2030) ($MN)
Table 13 Global Transgenic Seed Market Outlook, By Other Traits (2021-2030) ($MN)
Table 14 Global Transgenic Seed Market Outlook, By Distribution Channel (2021-2030) ($MN)
Table 15 Global Transgenic Seed Market Outlook, By Direct Sale (2021-2030) ($MN)
Table 16 Global Transgenic Seed Market Outlook, By Authorized Distributors (2021-2030) ($MN)
Table 17 Global Transgenic Seed Market Outlook, By Retail Outlet (2021-2030) ($MN)
Table 18 Global Transgenic Seed Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
Table 19 North America Transgenic Seed Market Outlook, By Country (2021-2030) ($MN)
Table 20 North America Transgenic Seed Market Outlook, By Crop Type (2021-2030) ($MN)
Table 21 North America Transgenic Seed Market Outlook, By Soybean (2021-2030) ($MN)
Table 22 North America Transgenic Seed Market Outlook, By Corn (2021-2030) ($MN)
Table 23 North America Transgenic Seed Market Outlook, By Cotton (2021-2030) ($MN)
Table 24 North America Transgenic Seed Market Outlook, By Canola (2021-2030) ($MN)
Table 25 North America Transgenic Seed Market Outlook, By Other Crop Types (2021-2030) ($MN)
Table 26 North America Transgenic Seed Market Outlook, By Trait (2021-2030) ($MN)
Table 27 North America Transgenic Seed Market Outlook, By Insect Resistance (2021-2030) ($MN)
Table 28 North America Transgenic Seed Market Outlook, By Herbicide Tolerance (2021-2030) ($MN)
Table 29 North America Transgenic Seed Market Outlook, By Disease Resistance (2021-2030) ($MN)
Table 30 North America Transgenic Seed Market Outlook, By Abiotic Stress Tolerance (2021-2030) ($MN)
Table 31 North America Transgenic Seed Market Outlook, By Other Traits (2021-2030) ($MN)
Table 32 North America Transgenic Seed Market Outlook, By Distribution Channel (2021-2030) ($MN)
Table 33 North America Transgenic Seed Market Outlook, By Direct Sale (2021-2030) ($MN)
Table 34 North America Transgenic Seed Market Outlook, By Authorized Distributors (2021-2030) ($MN)
Table 35 North America Transgenic Seed Market Outlook, By Retail Outlet (2021-2030) ($MN)
Table 36 North America Transgenic Seed Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
Table 37 Europe Transgenic Seed Market Outlook, By Country (2021-2030) ($MN)
Table 38 Europe Transgenic Seed Market Outlook, By Crop Type (2021-2030) ($MN)
Table 39 Europe Transgenic Seed Market Outlook, By Soybean (2021-2030) ($MN)
Table 40 Europe Transgenic Seed Market Outlook, By Corn (2021-2030) ($MN)
Table 41 Europe Transgenic Seed Market Outlook, By Cotton (2021-2030) ($MN)
Table 42 Europe Transgenic Seed Market Outlook, By Canola (2021-2030) ($MN)
Table 43 Europe Transgenic Seed Market Outlook, By Other Crop Types (2021-2030) ($MN)
Table 44 Europe Transgenic Seed Market Outlook, By Trait (2021-2030) ($MN)
Table 45 Europe Transgenic Seed Market Outlook, By Insect Resistance (2021-2030) ($MN)
Table 46 Europe Transgenic Seed Market Outlook, By Herbicide Tolerance (2021-2030) ($MN)
Table 47 Europe Transgenic Seed Market Outlook, By Disease Resistance (2021-2030) ($MN)
Table 48 Europe Transgenic Seed Market Outlook, By Abiotic Stress Tolerance (2021-2030) ($MN)
Table 49 Europe Transgenic Seed Market Outlook, By Other Traits (2021-2030) ($MN)
Table 50 Europe Transgenic Seed Market Outlook, By Distribution Channel (2021-2030) ($MN)
Table 51 Europe Transgenic Seed Market Outlook, By Direct Sale (2021-2030) ($MN)
Table 52 Europe Transgenic Seed Market Outlook, By Authorized Distributors (2021-2030) ($MN)
Table 53 Europe Transgenic Seed Market Outlook, By Retail Outlet (2021-2030) ($MN)
Table 54 Europe Transgenic Seed Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
Table 55 Asia Pacific Transgenic Seed Market Outlook, By Country (2021-2030) ($MN)
Table 56 Asia Pacific Transgenic Seed Market Outlook, By Crop Type (2021-2030) ($MN)
Table 57 Asia Pacific Transgenic Seed Market Outlook, By Soybean (2021-2030) ($MN)
Table 58 Asia Pacific Transgenic Seed Market Outlook, By Corn (2021-2030) ($MN)
Table 59 Asia Pacific Transgenic Seed Market Outlook, By Cotton (2021-2030) ($MN)
Table 60 Asia Pacific Transgenic Seed Market Outlook, By Canola (2021-2030) ($MN)
Table 61 Asia Pacific Transgenic Seed Market Outlook, By Other Crop Types (2021-2030) ($MN)
Table 62 Asia Pacific Transgenic Seed Market Outlook, By Trait (2021-2030) ($MN)
Table 63 Asia Pacific Transgenic Seed Market Outlook, By Insect Resistance (2021-2030) ($MN)
Table 64 Asia Pacific Transgenic Seed Market Outlook, By Herbicide Tolerance (2021-2030) ($MN)
Table 65 Asia Pacific Transgenic Seed Market Outlook, By Disease Resistance (2021-2030) ($MN)
Table 66 Asia Pacific Transgenic Seed Market Outlook, By Abiotic Stress Tolerance (2021-2030) ($MN)
Table 67 Asia Pacific Transgenic Seed Market Outlook, By Other Traits (2021-2030) ($MN)
Table 68 Asia Pacific Transgenic Seed Market Outlook, By Distribution Channel (2021-2030) ($MN)
Table 69 Asia Pacific Transgenic Seed Market Outlook, By Direct Sale (2021-2030) ($MN)
Table 70 Asia Pacific Transgenic Seed Market Outlook, By Authorized Distributors (2021-2030) ($MN)
Table 71 Asia Pacific Transgenic Seed Market Outlook, By Retail Outlet (2021-2030) ($MN)
Table 72 Asia Pacific Transgenic Seed Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
Table 73 South America Transgenic Seed Market Outlook, By Country (2021-2030) ($MN)
Table 74 South America Transgenic Seed Market Outlook, By Crop Type (2021-2030) ($MN)
Table 75 South America Transgenic Seed Market Outlook, By Soybean (2021-2030) ($MN)
Table 76 South America Transgenic Seed Market Outlook, By Corn (2021-2030) ($MN)
Table 77 South America Transgenic Seed Market Outlook, By Cotton (2021-2030) ($MN)
Table 78 South America Transgenic Seed Market Outlook, By Canola (2021-2030) ($MN)
Table 79 South America Transgenic Seed Market Outlook, By Other Crop Types (2021-2030) ($MN)
Table 80 South America Transgenic Seed Market Outlook, By Trait (2021-2030) ($MN)
Table 81 South America Transgenic Seed Market Outlook, By Insect Resistance (2021-2030) ($MN)
Table 82 South America Transgenic Seed Market Outlook, By Herbicide Tolerance (2021-2030) ($MN)
Table 83 South America Transgenic Seed Market Outlook, By Disease Resistance (2021-2030) ($MN)
Table 84 South America Transgenic Seed Market Outlook, By Abiotic Stress Tolerance (2021-2030) ($MN)
Table 85 South America Transgenic Seed Market Outlook, By Other Traits (2021-2030) ($MN)
Table 86 South America Transgenic Seed Market Outlook, By Distribution Channel (2021-2030) ($MN)
Table 87 South America Transgenic Seed Market Outlook, By Direct Sale (2021-2030) ($MN)
Table 88 South America Transgenic Seed Market Outlook, By Authorized Distributors (2021-2030) ($MN)
Table 89 South America Transgenic Seed Market Outlook, By Retail Outlet (2021-2030) ($MN)
Table 90 South America Transgenic Seed Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
Table 91 Middle East & Africa Transgenic Seed Market Outlook, By Country (2021-2030) ($MN)
Table 92 Middle East & Africa Transgenic Seed Market Outlook, By Crop Type (2021-2030) ($MN)
Table 93 Middle East & Africa Transgenic Seed Market Outlook, By Soybean (2021-2030) ($MN)
Table 94 Middle East & Africa Transgenic Seed Market Outlook, By Corn (2021-2030) ($MN)
Table 95 Middle East & Africa Transgenic Seed Market Outlook, By Cotton (2021-2030) ($MN)
Table 96 Middle East & Africa Transgenic Seed Market Outlook, By Canola (2021-2030) ($MN)
Table 97 Middle East & Africa Transgenic Seed Market Outlook, By Other Crop Types (2021-2030) ($MN)
Table 98 Middle East & Africa Transgenic Seed Market Outlook, By Trait (2021-2030) ($MN)
Table 99 Middle East & Africa Transgenic Seed Market Outlook, By Insect Resistance (2021-2030) ($MN)
Table 100 Middle East & Africa Transgenic Seed Market Outlook, By Herbicide Tolerance (2021-2030) ($MN)
Table 101 Middle East & Africa Transgenic Seed Market Outlook, By Disease Resistance (2021-2030) ($MN)
Table 102 Middle East & Africa Transgenic Seed Market Outlook, By Abiotic Stress Tolerance (2021-2030) ($MN)
Table 103 Middle East & Africa Transgenic Seed Market Outlook, By Other Traits (2021-2030) ($MN)
Table 104 Middle East & Africa Transgenic Seed Market Outlook, By Distribution Channel (2021-2030) ($MN)
Table 105 Middle East & Africa Transgenic Seed Market Outlook, By Direct Sale (2021-2030) ($MN)
Table 106 Middle East & Africa Transgenic Seed Market Outlook, By Authorized Distributors (2021-2030) ($MN)
Table 107 Middle East & Africa Transgenic Seed Market Outlook, By Retail Outlet (2021-2030) ($MN)
Table 108 Middle East & Africa Transgenic Seed Market Outlook, By Other Distribution Channels (2021-2030) ($MN)

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