COVID-19 IMPACT: Global Genetically Modified (GM) Crops Market 2020-2030 By Top Players Bayer AG, BASF SE, Syngenta AG, The Dow Chemical Company, Dupont

The Business Research Company offers "Genetically Modified (GM) Crops Market Global Report 2020: COVID-19 Growth And Change" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

The global genetically modified (GM) crops market is expected to decline from $21.73 billion in 2019 to $20.69 billion in 2020 at a compound annual growth rate (CAGR) of -4.76%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $26.72 billion in 2023 at CAGR of 8.9%.

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The genetically modified crops market consists of sales of genetically engineered crops and related services. The term genetically modified refers to the transfer of genes between the organisms using a series of laboratory techniques known as recombinant DNA technology. Genetically modified (GM) or genetically engineered crops are plants with new trait which does not occur naturally such as resistance to pests, improved nutrient profile, reduction in spoilage and resistance to chemical treatments. The GM crops which are grown commercially include sugar beet, papaya, maize, potato, oilseed rape, cotton and others.

The genetically modified (GM) crops have traits such as insect tolerance and herbicide tolerance that contribute to the high demand for such crops. Other benefits offered by genetically modified crops include high nutritional value, improved yield, and longer shelf life. Owing to these reasons, farmers are resorting to GM crops to increase their yields and profits. According to the U.S. Department of Agriculture (USDA), genetically engineered insect-resistant cotton has helped for a significant reduction in the use of synthetic pesticides that are contaminating groundwater and the environment. The environmental concerns and benefits offered by GM crops propels the demand for the market over the forecast period.

Genetically Modified (GM) Crops Market Segmentation: -
By Trait
Herbicide Tolerance (HT)
Insect Resistance (IR)
Stacked Traits (ST)
Others

By Crop
Soybean
Cotton
Maize
Oilseed Rape
Tobacco
Others

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Few Points From Table Of Content
1. Executive Summary
2. Genetically Modified (GM) Crops Market Characteristics
3. Genetically Modified (GM) Crops Market Size And Growth
4. Genetically Modified (GM) Crops Market Segmentation
5. Genetically Modified (GM) Crops Market Regional And Country Analysis
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25. Genetically Modified (GM) Crops Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Genetically Modified (GM) Crops Market
27. Genetically Modified (GM) Crops Market Trends And Strategies
28. Genetically Modified (GM) Crops Market Future Outlook and Potential Analysis
29. Appendix

The report covers the trends and market dynamics of the Genetically Modified (GM) Crops Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the Genetically Modified (GM) Crops Market are Bayer AG, BASF SE, Syngenta AG, The Dow Chemical Company, Dupont, Groupe Limagrain, JR Simplot Co., JKAgri Genetics Ltd., Maharashtra Hybrid Seed Company (MAHYCO), Calyxt Inc.

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