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Transgenic Seeds Market Analysis, Trends, Growth, Research And Forecast 2032
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032Transgenic Seeds Market Size, Growth Rate, And Forecast
The global transgenic seeds market size is expected to grow from $38.54 billion in 2022 to $44.02 billion in 2023 at a compound annual growth rate (CAGR) of 14.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global transgenic seeds market size is expected to reach $71.99 billion in 2027 at a CAGR of 13%.
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Transgenic Seeds Market Drivers
Increasing agricultural productivity is expected to propel the growth of the transgenic seed market going forward. Agricultural productivity refers to the measure of the market value of the crop yield of an agricultural production system that uses inputs such as land, labor, capital, and other resources to produce yield. Transgenic seeds are primarily used in agricultural production to grow more food with fewer resources. The use of transgenic seed technology to increase yield and reduce the use of agricultural land, leading to increased profits for farmers boost the transgenic seed market.
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Transgenic Seeds Market Segments
• By Type: Farmland, Green House
• By Trait: Herbicide Tolerance, Insect- Resistance, Other Traits
• By Crop: Maize, Cotton, Rice, Soybean, Canola, Other Crops
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the transgenic seeds market.
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Transgenic Seeds Market Key Players
Major competitors in the transgenic seeds market include BASF SE, DuPont de Nemours Inc., Syngenta AG, Vilmorin And Cie SA, Bayer AG, Monsanto, Maharashtra Hybrid Seeds Company Private Limited.
The Business Research Company's "Global Transgenic Seeds Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Transgenic Seeds Market Include:
1. Executive Summary
2. Transgenic Seeds Market Characteristics
3. Transgenic Seeds Market Trends And Strategies
4. Transgenic Seeds Market - Macro Economic Scenario
5. Transgenic Seeds Market Size And Growth
……
26. Africa Transgenic Seeds Market
27. Transgenic Seeds Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Transgenic Seeds Market
29. Transgenic Seeds Market Future Outlook and Potential Analysis
30. Appendix
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