Genetically Modified Crops Market to Exhibit Impressive Growth of CAGR during the period 2021-2028

The global genetically modified crops market is growing at a very fast pace. For every food or agricultural product, there are millions of dollars invested for research, development, and implementation. Much of this money comes from the United States and other developed countries such as Canada, Japan, China, and Europe. Some countries like India and Pakistan also have plans to invest in the production of genetically modified crops.

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As of now, there are approximately 22 genetically modified crops planted in different countries around the world. The genetically modified crops market is anticipated to reach billions of dollars by the end of the next decade. The following is a brief look at the global genetically modified crops market size by geography.

Asia Pacific is a major producer of genetically modified crops in the genetically modified crops market. China is a major exporter of maize, cotton, and other agricultural products. This region is expected to increase its market share by about four percent, due to its larger area and higher per capita income. China is the leading rice producer in this region, followed by Japan and the other Asian countries. India is the only major textile producer that does not use genetic engineering techniques in its agriculture.

Europe is also a major manufacturer of GM food products. The European Union has been a leading member of the global genetically modified crops market by signing the EU Genetic Technology Agreement (GTA). There are currently several negotiations underway regarding the transatlantic trade agreement (TAA). The genetically modified crops market in Middle East is driven by significant growth in the number of countries that are introducing these technologies in their agriculture industries. Over the projection period, this market is expected to witness significant growth, due to the large population and poor agricultural infrastructure. With the right marketing mix, companies in this segment can provide a substantial growth rate and provide a lucrative genetically modified crops market opportunity in the years ahead.

The remaining portion of the genetically modified crops market consists of Latin American countries including Mexico and Brazil. Latin American countries have been focusing on the technology due decrease in arable land. Brazil in particular has adopted the technology with full vigor and is one of the fastest growing markets in Latin America. However, increasing demand for organic food products is expected to limit growth of the genetically modified crops market.

Genetically Modified Crops Market research report also provides an overall analysis of the market share, size, segmentation, revenue forecasts, and geographic regions of the Genetically Modified Crops Market along with industry-leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue. The research report also provides a detailed analysis of the Genetically Modified Crops Market’s current applications and comparative analysis with more focused on the pros and cons of Genetically Modified Crops and competitive analysis of major companies.

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Frequently Asked Questions (FAQ):
What is the study period of this market?
The Genetically Modified Crops Market market is studied from 2005 - 2026.

Which region has the highest growth rate in Genetically Modified Crops Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.

Years Considered to Estimate the Market Size:

History Year: 2015-2019
Base Year: 2021
Estimated Year: 2021
Forecast Year: 2021-2028

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This release was published on openPR.