GMO Soybean Market Via Indepth Qualitative Insights 2017-2022
Biotechnologies help Farmers Producing GMO Soybeans in Reducing Market Risks and Production Time
Adoption of genetically modified organisms (GMO) soybean has surged considerably since the recent past, mainly because of their potential of alleviating hunger & poverty across the globe. Nevertheless, researchers from Food and Agriculture Program emphasize on detailed assessment of GMO soybean to realize their real impacts. Amount of arable land being used for production of GMO crops such as GMO soybean is surging, with the U.S., India, Brazil, Canada and Argentina being major producers. GMO soybean has its genetic materials engineered with the help of biotechnologies for incorporating enhanced characteristics such as enhancement of certain nutrients, insect resistance, herbicide tolerance and drought tolerance. Advantages of employing biotechnologies for GMO soybeans production include saving time & efforts and reducing the market risks for farmers, rather than just enhancing productivity by making improvements in yield.
Request Report Sample at https://www.factmr.com/connectus/sample?flag=S&rep_id=426
At present, demand for GMO soybean is primarily fuelled by robust adoption in animal feed and industrial uses for producing soybean oil. Although producing herbicide-tolerant soybean lowers the risk to the environment, benefits are restrained by growing herbicide resistance in weeds. One of the widely used genetically modified crops across the globe, GMO soybeans seek majority of applications in oil production and livestock feed. With mounting demand for soybean around the world as a protein source, genetic modification has become the key for producers to meet this demand.
6 Key Projections on Future of GMO Soybean Market for Forecast Period 2017-2026 (In Terms of Value)
North America is anticipated to prevail as the fastest expanding market for GMO soybean through 2026. More than two-fifth market revenue share will be accounted by sales of GMO soybean in North America by 2026-end. Asia-Pacific excluding Japan (APEJ) and Europe are also poised to remain remunerative for the GMO soybean market. However sales in APEJ are projected to exhibit a comparatively faster expansion than sales in Europe through 2026.
GMO soybean sales in APEJ and Latin America are projected to record expansion at an approximately similar CAGR through 2026. However, revenues from the GMO soybean market in Latin America will remain significantly lower than those from APEJ.
On the basis of trait, stacked (HT+IT) GMO soybean will remain the most lucrative in the market, with revenues projected to rise at the highest CAGR through 2026. Herbicide tolerant GMO soybeans will continue to be the second most lucrative among traits of GMO soybean in the market. However, sales of herbicide tolerant GMO soybean will register the lowest CAGR through 2026.
Direct sales will endure as the dominant sales channel for GMO soybean, followed by modern trade. Revenues from these two sales channel segments are collectively projected to account for more than three-fourth market share by 2026-end.
Food will continue to remain leading application segment in the global GMO soybean market, in terms of revenues, trailed by biodiesel. Sales of GMO soybean for application in feed will exhibit a relatively faster expansion than that in biodiesel through 2026.
The report profiles active players contributing to the market growth, which include Monsanto Company, Groupe Limagrain Holdings SA, Syngenta AG, Canterra Seeds Holdings Ltd., E.I DuPont De Nemours and Company, Dow Agroscience, Bayer CropScience, BASF SE, and AgReliant Genetics LLC.
Report Analysis at https://www.factmr.com/report/426/gmo-soybean-market
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
11140 Rockville Pike
Rockville, MD 20852
Follow Us on Linkedin: www.linkedin.com/company/factmr/
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release GMO Soybean Market Via Indepth Qualitative Insights 2017-2022 here
News-ID: 1248734 • Views: 313
More Releases from Fact.MR
Global Niobium Hydride Market Is Forecast To Grow To US$ 67 Million By 2032
The global niobium hydride market reached a valuation of US$ 38 million at the end of 2021 and is forecast to grow to US$ 67 million by 2032, expanding at a high CAGR of 5.4%. Stronger downstream demand, rising consumer spending, and increased business investments are likely to benefit niobium hydride suppliers. Despite an economic slowdown, the global hydrogen industry is poised to witness significant growth over the coming years. Ramped-up production
Surging Sales of Cost-Effective UAVs Positively Driving Anti-Drone Market, Revea …
As per the latest market analysis by Fact.MR, a market research and competitive intelligence provider, the global anti-drone market is expected to reach a valuation of US$ 7.4 billion by the end of 2032 while expanding at an impressive CAGR of 20.9% over the assessment period. Drone neutralization equipment promises notable growth and a dynamic shift in the anti-drone market. Moreover, the emergence of cost-effective and open-source UAVs with new advanced
Integration of Smart Sensors to Support Vacuum Pump Market Growth in United Stat …
The United States vacuum pump market is estimated at US$ 1.8 billion in 2022, and is predicted to register impressive growth at 6.6% CAGR through 2032. The market registered yearly growth at 4.7% during 2017-2021, as per detailed analysis by Fact.MR, a market research and competitive intelligence provider. Manufacturers of vacuum pumps are launching systems with smart sensors that allow for the recording and saving of operating data. These kinds of innovations are
Epilator Consumption Across The World Is Anticipated To Increase At A CAGR Of 5. …
The global epilators market stands at US$ 406.8 million in 2022 and is estimated to reach a market valuation of US$ 695 million by the end of 2032. Worldwide consumption of epilators is predicted to increase at a CAGR of 5.5% between 2022 and 2032. As aesthetic awareness among people increases, it is expected to drive demand for hair removal devices, since having smooth hairless skin is aseptically pleasing as per