The Global Genetically Modified Seeds Market was worth USD 24.8 billion in 2016 and estimated to be growing at a CAGR of 9.8%, to reach USD 39.6 billion by 2021. Genetically modified seeds are the seeds that are used in farming. Their DNA is modified by using genetic engineering procedures. Mostly, the target is to induce a new trait into the crop which is usually absent in the species. The growth of the genetically modified seeds market can be attributed to the increase in adoption of biofuels, growth of global population and the consequent food demand, growing demand for animal feed, and preference for oleo-chemicals. Growing acceptance of biotech drought-tolerant plants and increasing demand for high yield crops are also considered to be the driving factors of this market. The Global Genetically Modified Seeds Market is segmented based on Crop Type into Corn, Soybean, Cotton, Canola, and Others. Based on Trait Type, the market is segmented into Herbicide tolerance, Insect resistance and others. The Global genetically modified seeds market has also been geographically segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. As of 2016, North America dominated the global Genetically Modified Seeds Market with a market share of around 30% globally. This market is extremely disjointed with numerous big and developing players operating in the business. The major companies dominating the global Genetically Modified Seeds Market are ayer CropScience, DowDuPont, Groupe Limagrain, Monsanto and Syngenta, BASF, DLF Seeds and Science, Kleinwanzlebener Saatzuch SAAT SE, Land O'Lakes, Sakata Seed, and Takii Seed. Market Segmentation
Crop Type Trait Type
Reasons to buy Global Genetically Modified Seeds Market Research Report:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of Crop Type and Trait type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
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