Genetically Modified Crops Market To Grow With an Impressive CAGR During the Forecast Period
Surging demand for healthy food is
driving the growth in Global Genetically Modified Crops Market in the forecast
period, 2022-2026.
According
to TechSci Research report, “Global Genetically Modified Crops Market 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 v/s Agriculture Crops) By Region, Competition Forecast
& Opportunities, 2026”,
the global genetically modified crops market may potentially project an impressive
growth in the forecast period, 2022-2026, with an impressive CAGR on the
account of rising demand for healthier
crops and to promote advanced farming methods. Moreover, the crop yielding
capacity of the genetically modified crops is much more than the general crops
and the fact alone is aiding the market growth to impressive CAGR in the next
five years. Furthermore, the changing lifestyle, and degrading environmental
conditions have substantiated the need for genetically modified crops that can
over come the drawbacks and provide enough feed and fodder thus supporting the
growth of the global genetically modified crops market in the subsequent five
years of forecast until 2026.
Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on " Global Genetically Modified Crops Market"
The global genetically modified crops market is
segmented by trait, technique, type of modification, crop type, application,
competitional landscape, and regional distribution. Based on crop type, the
market is further segmented into soybean, cotton, maize, oilseed rape, canola,
alfalfa, and others. Soybean crops have proven to be the most growing
sub-segment in the historical years. The soybean genetically modified crops are
anticipated to dominate the market and may register the largest revenue shares
of the market on the account of its importance in the various sectors like
genetical modification technology in the agricultural sector. The genetically
modified soybean crops have more yield, and therefore provide with more
products as compared to the unmodified crops. Also, the use of genetically
modified soybean in the artificial meat, or plant substitute meat is aiding to
the growth of the market in the upcoming five years.
Based on type of modification, the market is
further fragmented into transgenic, cis-genic, sub-genic, and multiple trait
integration. Transgenic modifications are done with one or more DNA sequences
from different species through artificial methods. Alteration of DNA sequence
by injecting foreign DNA is carried out and therefore modify the crop.
Cis-genic alterations involve alterations from same species or similar origin
of the plants.
Based on trait, the market is further bifurcated
into herbicide tolerance, insect resistance, stacked traits, and others.
Herbicide tolerance is a plants ability to withstand chemical herbicides that
is incorporated in the genetically modified crops through genetical alteration
processes. These crops can withstand the harmful effects of herbicides, while
the unwanted herbs that are non-genetically modified die under the effects.
Some types of plants/ crops are naturally resistant toward herbicides and the
scientists working on the genetically modified crops utilizes the property of
these plant and incorporate in others thereby supporting their un-altered growth.
Insect resistance trait works on a similar fashion though they aid the plant
growth that is hindered due to insects. The global genetically modified crops
market is anticipated to register the growth on the added advantages of the
above traits thereby providing maximum yields to the crops.
Holding the major shares of the 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, Calyxt Inc, Stine Seed Farm,
Inc, Nuseed Pty Ltd. (Nufarm), Canterra Seeds Holdings Ltd., Sakata Seed
Corporation, among others. Market players are actively involved in the research
and technological development in the agricultural sector and commodities’
developments. The advanced technology has made it possible for the agriculture
industry to provide excellent agricultural products, like modified seeds, fertilizers
and crops. Further advancement would aid the market value and brand
establishment in the future five years. New market players may focus on the
research and development to provide options that satisfies the consumer demand
as well as benefits the market players in building their brand value. Other
competitive strategies include mergers & acquisitions and new product
developments.
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“North America is the most flourishing
region in terms of global genetically modified crops market. The market is
expected to register its growth on the account of developing cut-throat
technology and extensive research being conducted to improve the crop yield and
quality. Also, Asia-Pacific region is anticipated to register the fastest
growing market region. Most of the research and development is being carried
out in the region and the presence of the multiple market players is further
supporting the growth of the market in the subsequent years of forecast. New
market players may focus on the requirement from the farming sectors and
farmers to deliver the actual needed products. South America is anticipated to
register significant growth in the market owing to the established market and
the abundant presence of market players in the region. Also, research is a
major factor for the growth therefore investing in the research and development
may be the major reason behind establishment of new market in various countries,”
said Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Global Genetically
Modified Crops Market 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 v/s
Agriculture Crops) By Region, Competition Forecast & Opportunities, 2026”, has evaluated the future growth
potential of global genetically modified crops 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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