Genetically Modified Seeds Market is expected to reach USD 48.79 billion by 2030 : Cognitive Market Research

Market Overview:
- Genetically modified seeds are created by genetically changing a seed's DNA. The procedure is also known as genetically engineered (GE) technology or, more broadly, genetically modified organisms (GMOs). The DNA of a seed can be modified in a variety of ways, including gene editing. These seeds have been genetically modified to exhibit characteristics such as herbicide resistance or insect resistance. It lowers production costs while increasing productivity.

Summary:
- The genetically modified seeds market is expected to grow from USD 30.1 billion in 2022 to USD 48.79 billion by 2030, at a CAGR of 9.8%. The genetically modifies seed market is driven by the growing demand for food and feed, rising awareness about technological advancement among farmers, the growing need for maximizing crop yield, and others.

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Market Dynamics:
- Currently, the demand for food grains is growing. FAO's latest forecast for world cereal production in 2022 has been raised by 8.3 million tonnes (0.3 percent) in February to 2 765 million tonnes, albeit still 1.7 percent lower year-on-year. This drives the growth of the genetically modified seeds market.
However, the current availability of counterfeit seeds restrains the growth of the market. Furthermore, an increase in the use of genetically modified (GMO) seeds to improve agricultural output would accelerate the growth rate of the genetically modified (GMO) seeds industry.

Market Segmentation:
Type:
• Corn
• Soybean
• Cotton
• Canola
• Others
Based on the type corn segment has dominated the market as there is high demand for corn has been observed.

Traits:
• Insect Tolerance
• Herbicide Tolerance
Based on the traits, the herbicide tolerance segment dominated the genetically modified seeds market as it provides several benefits such as it provides protection against weeds and improves crop yield.

The Major Players in Genetically Modified Seeds Market are:
Bayer, DowDuPont, Groupe Limagrain, Monsanto, Syngenta, BASF, DLF Seeds and Science, Kleinwanzlebener Saatzuch SAAT SE, Land O'Lakes, Sakata Seed, Takii Seed.

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Regional Analysis:
- Geographically, the global Genetically modified seeds market is divided into regions like North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. North America dominates the genetically modified seeds market owing to the rising demand for crops and soybeans, rising awareness among farmers regarding GM seed, and others.

News:
- In November 2022, The Genetic Engineering Appraisal Committee (GEAC), India's top biotechnology regulatory authority, approved the release of genetically modified mustard seeds into the environment. The invention allows for the introduction of three transgenic mustard lines into the environment, as well as their further assessment and propagation: Bn 3.6, which contains barnase and bar genes, Modbs 2.99, which contains barstar and bar genes, and the high-yielding Dhara Mustard Hybrid 11. (DMH-11). The decision opens the door to the commercial growth of GM mustard, however, it is anticipated to take many years for the necessary regulatory permits to be obtained before the crop can be cultivated by farmers across the country. The University of Delhi's Centre for Genetic Manipulation of Crop Plants created all three mustard occurrences (CGMCP). The authorization is valid for four years.

Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Genetically Modified Seeds Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Segmentation
1.5.1 Regional Fragmentation
1.5.1 Market Players
• 1.6 Report Duration
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Global Genetically Modified Seeds Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Genetically Modified Seeds Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Genetically Modified Seeds Market by Traits Segmentation Analysis (2018-2030)
Chapter 10 Global Genetically Modified Seeds Market Regional Analysis
Chapter 11 North America Genetically Modified Seeds Market Outlook (2018 - 2030)
Chapter 12 Europe Genetically Modified Seeds Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific Genetically Modified Seeds Market Outlook (2018 - 2030)
Chapter 14 Latin America Genetically Modified Seeds Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Genetically Modified Seeds Market Outlook (2018 - 2030)
Chapter 16 Research Findings
• 16.1 Key Takeaways
• 16.2 Analyst Point of View)

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