Genetically Modified Crops Market to Grow with a CAGR of 5.76% through 2030F
Increasing
demand for nutritional food and increasing biotech crop adoption is expected to
drive the Global Genetically Modified Crops Market growth in the forecast
period, 2026-2030F.
According
to TechSci Research report, “Genetically Modified Crops Market – Global
Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”,
the Global Genetically Modified Crops Market stood at USD 24.23 Billion in 2024
and is expected to reach USD 28.60 Billion by 2030 with a CAGR of 5.76% during
the forecast period.
Several
factors drive the global Genetically Modified (GM) Crops market. Emerging
economies are increasingly recognizing the potential of genetically modified
(GM) crops to enhance food security, agricultural productivity, and economic
stability. With rising global population concerns and climate-related
agricultural challenges, governments in these regions are turning to biotechnological
advancements to ensure sustainable food production.
China’s
agricultural sector has traditionally relied on large imports of soybeans and
corn, particularly from the United States and Brazil. By promoting the
commercialization of GM crops, the government aims to enhance domestic yields,
reduce dependency on imports, and strengthen national food security. The Chinese
Ministry of Agriculture and Rural Affairs has granted safety certificates for
these new varieties, paving the way for large-scale adoption. This decision
aligns with China's broader efforts to modernize its agricultural sector,
increase farmer incomes, and mitigate the impact of climate change and pests. Beyond
China, other emerging markets such as India, the Philippines, and Brazil are
also expanding regulatory frameworks for GM crops. India, for instance, is
exploring the commercial cultivation of GM mustard, while the Philippines has
approved Golden Rice to combat vitamin A deficiency. These initiatives
underscore a broader global trend where developing economies are leveraging
genetic modification technologies to boost crop resilience, improve yields, and
enhance food security for growing populations.
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The
Global Genetically Modified Crops Market is segmented into trait, technique,
type of modification, crop type, application, regional distribution, and
company.
Based
on application, Scientific research is the fastest-growing segment in the Global Genetically Modified Crops Market in 2024, driven by significant advancements in biotechnology and genetic engineering. The rapid pace of scientific discovery has led to groundbreaking innovations in genetically modified (GM) crops, making this sector increasingly crucial in addressing global challenges such as food security, crop productivity, and resistance to pests and environmental stressors. Scientific research continues to accelerate the development of GM crops, enabling breakthroughs that enhance the quality and yield of agricultural products. The focus on improving crop resistance to pests, diseases, and adverse environmental conditions is particularly important as the global population grows and the demand for food increases. While agriculture crops remain a key segment, their growth is deeply intertwined with the progress made through scientific research. As scientists and experts push the boundaries of biotechnology, they are pioneering sustainable agricultural solutions that ensure future food security and a more resilient farming system. This growing emphasis on scientific innovation in crop production is making scientific research the fastest-growing and most influential force in the Global Genetically Modified Crops Market, as it continues to shape the future of agriculture through cutting-edge technology and genetic engineering.
The second-dominating
region in the Global Genetically Modified (GM) Crops Market is South America,
primarily led by Brazil and Argentina. These countries have emerged as major
contributors to GM crop cultivation due to favorable regulatory frameworks,
large agricultural land areas, and strong export markets. Brazil, in particular, has aggressively
expanded its GM crop production, especially in soybeans, corn, and cotton. The
country has implemented pro-GM policies and biotechnology-friendly regulations,
facilitating rapid adoption among farmers. Additionally, Brazil's position as a
leading soybean exporter to China and other global markets has driven further
adoption of GM crops to enhance productivity and pest resistance. Argentina
is another key player, with a significant share of GM soybean and corn
cultivation. The country has established a strong biotechnology research
ecosystem, allowing for continuous innovation in GM crop development.
Argentina's GM seed approval process is streamlined, attracting investments
from global agribusinesses. Other South
American nations, including Paraguay and Uruguay, have also expanded their GM
crop cultivation, leveraging similar climatic and economic advantages. These
countries benefit from high-yield GM seed varieties, reducing dependency on
chemical pesticides and increasing overall agricultural efficiency. South
America’s dominance in the GM crops market is further strengthened by collaborations
between biotech firms and agricultural producers, ensuring sustained growth.
The region’s expansion is expected to continue as global demand for genetically
modified soybeans and corn rises, particularly for livestock feed and biofuel
production.
Major
companies operating in Global Genetically Modified Crops Market are:
·
BASF SE
·
Mosanto
Company
·
Bayer CropScience
LLC
·
Syngenta
AG
·
The Dow
Chemical Company
·
DuPont de
Nemours, Inc.
·
Groupe
Limagrain Holdings Corporation
·
JR
Simplot Co.
·
JKAgri
Genetics Ltd.
·
Maharashtra
Hybrid Seed Company Private Limited
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“The
agricultural sector is intensifying efforts to combat crop diseases through genetic
modification, with a key focus on disease-resistant bananas. The Cavendish
banana, which dominates global trade, is highly vulnerable to devastating
diseases like Panama disease (Tropical Race 4 - TR4) and Black Sigatoka,
threatening global banana production and livelihoods. To address this crisis,
scientists have engineered genetically modified (GM) bananas with enhanced disease
resistance. A notable breakthrough is QCAV-4, developed by Australian
researchers, which incorporates a disease-resistant gene from wild bananas.
This variety received human consumption approval in April 2024, marking a major
step toward commercial cultivation. Similarly, Chiquita Brands International
has introduced the Yelloway 1 variety, which shows strong resistance to
multiple banana diseases, including Black Sigatoka. These innovations highlight
a growing reliance on genetic modification to protect staple crops from threats
posed by climate change, pathogens, and declining genetic diversity. As disease
pressures intensify, genetically modified crops like these are expected to play
a critical role in global food security, ensuring sustainable banana production
for millions of consumers worldwide.,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.
“Genetically
Modified Crops Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, By Trait (Herbicide Tolerance, Insect Resistance, Stacked Traits,
Others), By Technique (Gene Guns, Electroporation, Microinjection,
Agrobacterium, Others), By Type of Modification (Transgenic, Cis-genic,
Sub-genic, Multiple Trait Integration), By Crop Type (Soybean, Cotton, Maize,
Oilseed Rape, Canola, Alfalfa, Others), By Application (Scientific Research and
Agriculture Crops), By Region and Competition, 2020-2030F”, has evaluated
the future growth potential of Global Genetically Modified Crops Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Genetically Modified Crops Market.
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