Press release
Transgenic Seeds Market Report 2023-2032: Market Size, Growth Drivers And Key Trends
Transgenic Seeds Market
The Business Research Company's Transgenic Seeds Global Market Report 2023 identifies Increasing agricultural productivity as the major driver for the Transgenic Seeds market's growth in the forecast period. 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 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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Major competitors in the Transgenic Seeds market are BASF SE, DuPont de Nemours Inc., Syngenta AG, Vilmorin And Cie SA, Bayer AG, Monsanto, Maharashtra Hybrid Seeds Company Private Limited.
A key trend in the Transgenic Seeds market includes product innovation. Major companies operating in the transgenic seed market are focused on developing innovative products to strengthen their position in the market. For instance, in August 2021, Corteva Inc., a US-based agriculture company launched Conkesta E3, a genetically modified soybean seed, for Brazilian farmers. It recently received authorization by the European Union Commission. Conkesta E3 soybeans have good genetics and extensive lepidopteran insect protection as part of the Enlist weed control system, which offers maximum flexibility and superior control of broadleaf weeds and grasses. Additionally, it increases crop production efficiency.
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The Transgenic Seeds market is segmented -
• By Type: Farmland, Green House
• By Trait: Herbicide Tolerance, Insect- Resistance, Other Traits
• By Crop: Maize, Cotton, Rice, Soybean, Canola, Other Crops
• By End -User: Insect Resistance, Herbicide Tolerance, Virus Resistance, Altered Oil Composition, Delayed Fruit Ripening, Male Sterility And Restorer System
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. was the largest region in the Transgenic Seeds market.
The Business Research Company's "Global Transgenic Seeds 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 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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