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Rising Agricultural Productivity Fuels Growth In The Transgenic Seed Market: Transformative Forces Shaping the Transgenic Seeds Market Landscape in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Transgenic Seeds Industry Market Size Be by 2025?
The market size for transgenic seeds has witnessed swift expansion in the past few years. The growth is projected to increase from $49.86 billion in 2024 to $56.87 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 14.1%. Factors contributing to the growth during the historic phase include rising construction activities, growing environmental concern, government policies, escalating outdoor events, and advances in turf management.
What's the Long-Term Growth Forecast for the Transgenic Seeds Market Size Through 2029?
The market size for transgenic seeds is anticipated to witness a substantial surge in the approaching years. It is projected to reach "$93.11 billion by the year 2029, growing at a compound annual growth rate (CAGR) of 13.1%. The predicted advancements during the projected period can be credited to the challenges posed by climate change, the increasing inclination towards sustainable landscaping, deveolpment in sports facilities, escalation in leisure spaces, and initiatives of urban greening. Prominent trends during this period range from disease and stress combat solutions, progressive formulations, precision-oriented application technologies, durable turf types, organic turf management, to educational and training programs.
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What Are the Key Growth Drivers Fueling the Transgenic Seeds Market Expansion?
The growth of the transgenic seed market is anticipated to be fuelled by the upsurge in agricultural productivity. Agricultural productivity corresponds to the market value evaluation of an agricultural production system's crop yield, where inputs like land, labor, capital, and other resources are utilised for yield production. Transgenic seeds are predominantly exploited in agricultural production to increase food output with fewer resources. The employment of transgenic seed technology to intensify yield and minimise the use of agricultural land, subsequently leading to increased profits for farmers, augments the transgenic seed market. For instance, Eurostat, a Luxembourg government agency, reported in November 2022 that Europe had produced 297.5 million metric tons of harvested grains, including rice, in 2021, indicating a 4.2% or 12.1 million metric tons increase over 2020. Moreover, the Food and Agriculture Organization, a specialized agency based in the US, stated in December 2022 that the global primary crop production had risen by 2% from 2020, reaching 9.5 billion tons in 2021. Consequently, the escalating agricultural productivity is driving the transgenic seed market's expansion.
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What Are the Key Trends Driving Transgenic Seeds Market Growth?
Leading entities in the transgenic seeds market are prioritizing the creation of novel products such as hybrid corns, aiming to improve crop yields and augment resistance to pests and illnesses. Hybrid corn is a type of maize generated through the cross-breeding of two genetically different parent plants. This method is typically combined with transgenic techniques where particular genes are introduced to engineer seeds that have strengthened resistance to pests and herbicides. For example, in May 2023, Origin Agritech, a biotechnology company based in China, rolled out a genetically altered corn hybrid that incorporates the exclusive triple-stacked trait BFL4-2, picked for a national demonstration plot in China. This hybrid encompasses two insect resistance genes and an herbicide resistance gene, making it the sole triple-stacked corn approved in the nation.
How Is the Transgenic Seeds Market Segmented?
The transgenic seeds market covered in this report is segmented -
1) By Type: Farmland, Green House
2) By Trait: Herbicide Tolerance, Insect- Resistance, Other Traits
3) By Crop: Maize, Cotton, Rice, Soybean, Canola, Other Crops
4) By End -User: Insect Resistance, Herbicide Tolerance, Virus Resistance, Altered Oil Composition, Delayed Fruit Ripening, Male Sterility And Restorer System
Subsegments:
1) By Farmland: Field Crops, Vegetable Crops, Fruit Crops
2) By Green House: Ornamental Plants, Vegetables, Herbs And Spices
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Which Companies Are Leading the Charge in Transgenic Seeds Market Innovation?
Major companies operating in the transgenic seeds market include BASF SE, DuPont de Nemours Inc., Syngenta AG, Vilmorin And Cie SA, Bayer AG, The Monsanto Company, Maharashtra Hybrid Seeds Company Private Limited, JK Agri Genetics Ltd., Bejo Zaden B.V., Groupe Limagrain, Kaveri Seed Company Ltd., Land O Lakes Inc., Calyxt Inc., REAL SEED, SCC GmbH, Longping High-Tech, Dow Chemical Company, Suntory Holdings Limited, J.R. Simplot Company, Beijing Dabeinong Technology Group Co. Ltd., Sakata Seed Corporation, Takii & Co. Ltd., Enza Zaden B.V., KWS SAAT SE & Co. KGaA, DLF Seeds A/S, Advanta Limited, Nufarm Limited, Origin Agritech Limited, China National Chemical Corporation, Hefei Fengle Seed Co. Ltd., Anhui Huaxing Chemical Industry Co. Ltd.
Which Regions Are Leading the Global Transgenic Seeds Market in Revenue?
North America was the largest region in the transgenic seeds market in 2024. The regions covered in the transgenic seeds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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