Press release
Global GMO Soybean Market | Industry Crucial Players - AgReliant Genetics LLC, BASF SE, Bayer CropScience, Dow Agroscience, E.I DuPont De Nemours and Company, Canterra Seeds Holdings Ltd., Syngenta AG, Groupe Limagrain Holdings
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According to a new forecast report by Fact.MR, the global market for GMO corn is poised to expand at a value CAGR of 9.2% over the forecast period, 2017-2026. By the end of 2026, more than 1,800 million units of GMO corn are expected to be consumed across the globe.
High Demand for GMO Corn with Stacked Traits
The report projects that over the forecast period, GMO corn with insect tolerant traits shall register the highest global volume CAGR of 9%. The report further estimates that demand for GMO corn with stacked traits of herbicide and insect tolerance will register sales of over 1,000 million units by the end of 2026. The report further reveals that majority of GMO corn will be sold through direct sales. In 2017, more than 380 million units of GMO corn were directly sold to the consumers across the globe. Through 2026, modern trade sales of GMO corn are expected to pick up momentum at a healthy CAGR of 8.9% in terms of volume.
Demand for GMO corn in Feed & Residual Applications to Gain Traction
Key findings from the report reveal that food applications of GMO corn will not dominate the global GMO corn market in terms of volume. Interestingly, their use in feed production and residual applications will account for global sales of over 760 million units of GMO corn by the end of 2026. The report also reveals that North America will be the largest consumer of GMO corn, while the Asia-Pacific excluding Japan (APEJ) will spearhead the global GMO corn production. Higher acceptance of GMO crops among consumers in the US and Canada will keep North America at a leading position in the expansion of the global GMO corn market through 2026.
Complete Report Available @ https://www.factmr.com/report/424/gmo-corn-market
Competition Tracking
Companies spearheading the global production of GMO corn have been profiled in the report. These include, AgReliant Genetics LLC, BASF, Bayer CropScience, Canterra Seeds, Dow Agroscience, DuPont, Groupe Limagrain, Kleinwanzlebener Saatzuch SAAT SE, Land O'Lakes, Monsanto Company, Syngenta AG, and Takii Seed. Majority of these companies are expected to focus on extending collaborations with governments and capitalize from initiatives promoting the GMO cultivation practices to meet future demands.
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About Fact.MR
Fact.MR 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.
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