|02-16-2018 08:26 AM CET - Business, Economy, Finances, Banking & Insurance||
Global GMO Corn Market Proposals & Trends Leading to 9.2% CAGR Growth during 2017-2026
Press release from: Fact.MR
Over the recent past, cultivation of corn through GMO techniques has gained considerable grounds across the globe. Demand for genetically engineered maize continues to grow actively on the back of health benefits such as resistance against diseases and decimation of disease-carrying genes. Agriculturists are seeking collaboration of food tech giants to explore new avenues in bioengineering of corn plants. This report, published by Fact.MR, provides in-depth analysis of the global GMO corn market for the forecast period 2017-2026, and offers key insights about future market direction.
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The report offers an overview of the global GMO corn market. This comprises an introduction to the market, along with a standard definition of the product – GMO corn. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global GMO corn market, the report provides updates about market opportunities, which can benefit leading manufacturers of GMO corn. With continuous evolution of the food & beverage sector, keeping a record of latest developments and trends is fundamental for GMO corn manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
4 Forecast Highlights on Global GMO Corn Market
Key findings from the report have been summarized below to provide a holistic outlook and extend the long-term understanding of market players on the expansion of global GMO corn market.
1) Through 2026, GMO corn exhibiting insect tolerant traits will be sold at a high volume CAGR of 9%. Meanwhile, demand for GMO corn with stacked traits of herbicide tolerance and insect tolerance will remain high throughout the forecast period. GMO corn with stacked traits will account for nearly 58% of overall global market volumes over the forecast period.
2) Direct sales of GMO corn are likely to translate highest revenues during the forecast period. In 2017, more than 380 million units of GMO corn have been consumed across the globe. The report also projects that modern trade sales of GMO corn will register fastest volume CAGR over the forecast period.
3) By the end of forecast period, food applications of GMO corn are expected to reflect a global market volume share of nearly 40%. Feed and residual applications of GMO corn are also expected to gain traction in the foreseeable future.
4) In 2018 and beyond, North America will represent the largest market for GMO corn. US consumer lifestyles continue to promote the consumption of GMO crops. In addition, several key players in the global GMO corn market are based in the US. By 2026-end, the North America GMO corn market is likely to touch a valuation of US$ 112 Bn.
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Demand for GMO corn in Feed & Residual Applications to Gain Traction
Key findings from the report reveal that food applications of GMO corn will not dominate the global GMO corn market in terms of volume. Interestingly, their use in feed production and residual applications will account for global sales of over 760 million units of GMO corn by the end of 2026. The report also reveals that North America will be the largest consumer of GMO corn, while the Asia-Pacific excluding Japan (APEJ) will spearhead the global GMO corn production. Higher acceptance of GMO crops among consumers in the US and Canada will keep North America at a leading position in the expansion of the global GMO corn market through 2026.
Companies spearheading the global production of GMO corn have been profiled in the report. These include, AgReliant Genetics LLC, BASF, Bayer CropScience, Canterra Seeds, Dow Agroscience, DuPont, Groupe Limagrain, Kleinwanzlebener Saatzuch SAAT SE, Land O'Lakes, Monsanto Company, Syngenta AG, and Takii Seed. Majority of these companies are expected to focus on extending collaborations with governments and capitalize from initiatives promoting the GMO cultivation practices to meet future demands.
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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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