Press release
Genetically Modified Crops Global Market Size is Expected To Grow to $28.03 billion at a CAGR of 5.9%. By 2027 | Bayer AG, BASF SE, Syngenta AG, The Dow Chemical Company, Dupont
Genetically Modified Crops Market
The Business Research Company's Genetically Modified Crops Global Market Report 2023 identifies the exponential increase in the world's population around the globe drives the need to implement genetically modified crops. Farmers have to adopt new technologies to produce crops that can meet the demand of the growing population. GM crops help reduce food loss and waste, improve soil and water management, and improve the yield while protecting the environment.
The global genetically modified crops market size will grow from $21.08 billion in 2022 to $22.29 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. 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 genetically modified crops market size is expected to grow to $28.03 billion in 2027 at a CAGR of 5.9%.
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Major competitors in the Genetically Modified 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), and Calyxt Inc.
The stringent regulations imposed on the approval of GM crops limit the growth of the genetically modified crop market during the period. For instance, in India, only Bt cotton is permitted by the government for cultivation.
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The Genetically Modified Crops Market Is Segmented -
• By Trait: Herbicide Tolerance (HT), Insect Resistance (IR), Stacked Traits (ST), Other Traits
• By Crop: Soybean, Cotton, Maize, tobacco, Other Crops
• By Technique: Gene Guns, Electroporation, Microinjection, Agrobacterium, Other Techniques
• By Type of Modification: Transgenic, Cis-genic, Sub-genic, Multiple Trait Integration
• By Application: Scientific Research, Agriculture Crops
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Genetically Modified Crops market.
The Business Research Company's "Global Genetically Modified Crops Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Genetically Modified Crops Market Include:
1. Executive Summary
2. Genetically Modified Crops Market Characteristics
3. Genetically Modified Crops Market Trends And Strategies
4. Genetically Modified Crops Market - Macro Economic Scenario
5. Genetically Modified Crops Market Size And Growth
.....
26. Africa Genetically Modified Crops Market
27. Genetically Modified Crops Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Genetically Modified Crops Market
29. Genetically Modified Crops Market Future Outlook and Potential Analysis
30. Appendix
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