Press release
Genetically Modified Crops Market: Promising Growth, Key Players, Government Initiatives, and Evolving Trends
Genetically Modified Crops Market Size
What Is The Projected Market Size Of The Global Genetically Modified Crops Market And Its Growth Rate?
• In 2024, the genetically modified crops market stood at $23.41 billion
• By 2025, it is projected to reach $24.77 billion
• Representing a CAGR of 5.8% for the period
• Through 2029, the market is projected to reach $32.35 billion
• To expand at a CAGR of 6.9%
What Is Driving The Growth In The Genetically Modified Crops Market?
Genetically modified (GM) crops are being increasingly adopted due to their high nutritional value, improved yield, and longer shelf life. These crops offer a viable solution in minimizing the use of synthetic pesticides that contaminate groundwater and the environment, as cited by the U.S. Department of Agriculture (USDA). For these reasons, they are used by farmers to maximize their yields and profits. Furthermore, the environmental benefits associated with GM crops are expected to fuel their demand, driving the growth of the market over the forecast period.
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Who Are the Key Players Driving Genetically Modified Crops Market Growth?
• Bayer AG
• BASF SE
• DuPont
• Syngenta AG
• The Dow Chemical Company
• JR Simplot Co.
• Groupe Limagrain
• Stine Seed Farm, Inc.
• Calyxt Inc.
• Maharashtra Hybrid Seed Company (MAHYCO)
• JK Agri Genetics Ltd.
• Nuseed Pty Ltd
• Dabeinong Science and Technology Group Co.
What Are The Key Trends In The Genetically Modified Crops Market?
• Investment in gene stacking
• Focus on leveraging innovative Crispr technologies
• Increase in research and development of nitrogen fixing crops
• Resources being invested in researching haploid induction techniques
• Developing products to reduce crop production time
• Establishing collaborations with research institutions and established companies
What Are The Segments Of The Global Genetically Modified Crops Market?
• By Trait: Herbicide Tolerance (HT), Insect Resistance (IR), Stacked Traits (ST), Other Traits
• By Crop: Soybean, Cotton, Maize, Oilseed Rape, 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
Which Region Leads The Genetically Modified Crops Market?
North America held the largest share in the genetically modified crops market in 2024, followed by South America. The report also covers regions like Asia-Pacific, Western Europe, Eastern Europe, the Middle East, and Africa.
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What Is Covered In The Genetically Modified Crops Market Global Market Report?
- Market Size Analysis: Analyze the Genetically Modified Crops Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Genetically Modified Crops Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Genetically Modified Crops Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Genetically Modified Crops Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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