Increase in the Soil and Water Contamination will Foster the Transgenic Seeds Market Growth

Precision Business Insights published a research report on "Transgenic Seeds Market by Trait Type (Insect Resistance, Pesticide Tolerance, Others), By Crop Type (Cotton, Soybean, Canola, Corn, Fruits and Vegetables, Others), and Geography (North America, Latin America, Europe, Middle East and Africa, Asia Pacific), and Geography- Global/Region/Country Forecast to 2027", Transgenic seeds market was valued at USD 33 Billion in 2020 and is anticipated to grow at USD 75.73 Billion till 2027 recording a CAGR of 12.6% during the forecast period 2021-2027.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on " Transgenic Seeds Market by Trait Type (Insect Resistance, Pesticide Tolerance, Others), By Crop Type (Cotton, Soybean, Canola, Corn, Fruits and Vegetables, Others), and Geography (North America, Latin America, Europe, Middle East and Africa, Asia Pacific), and Geography- Global/Region/Country Forecast to 2027".

View detailed Report Description at https://precisionbusinessinsights.com/market-reports/transgenic-seeds-market/

Growing Awareness about the Crucial Benefits of Transgenic Seeds among Farmers Fueling the Transgenic Seeds Market

Genetic modification process is used for manufacturing transgenic seeds. These seeds are greatly used for improving nutritional values, protecting the plants for different diseases and improving the crop yield. These seeds are especially designed for improving the resistance of plants from pets, drought and rain. Soybean, corn, sugar beets and cotton are the most frequently used modified seeds. The major objective of manufacturing such seeds is to introduce a new attribute to plant, which does not present in the species naturally.

There are a few factors that are projected to foster the growth of the transgenic seeds market over the evaluation period such as growing research and development activities in agriculture biotechnology, increasing food consumption because of growing population across the globe, growing awareness about the benefits of transgenic seeds amid farmers and increase in fertilizers cost. On the other hand, lack of product availability in underdeveloped regions, increasing price of R&D activities and strict regulatory policies to approve different products are some factors hampering the market growth. Increase in the water and soil contamination is one of the major market driving factors. Transgenic seeds has great significant in the prevention of plants. In addition, major industries of the market are giving more concentration on bringing novel transgenic seeds to the market.

Impact of COVID-19 on Transgenic Seeds Market:

In addition, the report discusses the implications of COVID-19, including the industry's initial response and strategies for ensuring business continuity in the coming years.

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North America is dominating the transgenic seeds market and is anticipated to obtain huge share

North is dominating the market and expected to obtain huge share in the global transgenic seeds market and will record considerable CAGR during the forecast period 2021-2027. The U.S is one of the leading market contributing factors for the growth of regional market. Market in North America is driven by collaboration between the industries to bring newer seeds to the market, growing demand for novel and genetically modified seeds with improved crop yield and increasing investments in agricultural activities. Europe market is boosted by huge focus on protection of crop and improvement in crop yield in the region and increasing agricultural production in Europe countries like U.K, Germany and France.

A few major players operating in transgenic seeds market include Syngenta AG (Switzerland), Dow AgroSciences LLC (U.S.), Bayer CropScience AG (Germany), Monsanto (U.S.), BASF SE (Germany), E.I. du Pont de Nemours & Company (U.S.), Suntory Holdings Ltd. (Japan), Bioceres S.A. (Argentina), and Arcadia Biosciences (U.S.) to name a few.

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