The Transgenic Seeds Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Transgenic Seeds Global Market Report of 2024, the transgenic seeds market has experienced a remarkable surge in recent years, with a projected growth from $44.02 billion in 2024 to $50.24 billion in 2024, boasting a compound annual growth rate (CAGR) of 14.1%. The upswing in the historical period can be ascribed to heightened construction endeavors, heightened environmental awareness, governmental regulatory frameworks, amplified outdoor activities, and breakthroughs in turf management practices.
Forecasts indicate a swift expansion in the transgenic seeds market, with an anticipated value of $81.16 billion by 2028, showcasing a CAGR of 12.7%. This growth trajectory in the impending period is attributable to the burgeoning challenges posed by climate change, the burgeoning preference for sustainable landscaping practices, the expansion of sports infrastructure, the proliferation of recreational areas, and the surge in urban greening initiatives. Noteworthy trends in the forecast period encompass solutions for disease and stress management, advancements in formulations, precision application technologies, resilient turf varieties, organic turf management methodologies, as well as educational and training endeavors.
Increasing agricultural productivity is expected to propel the growth of the transgenic seed market going forward. Agricultural productivity refers to the measure of the market value of the crop yield of an agricultural production system that uses inputs such as land, labor, capital, and other resources to produce yield. Transgenic seeds are primarily used in agricultural production to grow more food with fewer resources. The use of transgenic seed technology to increase yield and reduce the use of agricultural land, leading to increased profits for farmers boost the transgenic seed market. For instance, in November 2022, according to Eurostat, a Luxembourg government agency, 297.5 million metric tons of harvested grains, including rice, were produced in Europe in 2021, an increase of 4.2 %, or 12.1 million metric tons, over 2020. Furthermore, in December 2022, according to the Food and Agriculture Organization, a US-based specialized agency, the global primary crop production increased by 2% from 2020 to reach 9.5 billion tons in 2021. Therefore, increasing agricultural productivity is driving the growth of the transgenic seed market.
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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
Top 5 Major Players:
An increasingly prominent trend within the transgenic seed market is product innovation. Major industry players are directing their efforts towards the development of groundbreaking products to fortify their market standing. For instance, in August 2021, Corteva Inc., an esteemed US-based agriculture company, introduced Conkesta E3, a genetically modified soybean seed tailored for Brazilian farmers. Recently, this innovation secured authorization from the European Union Commission. Conkesta E3 soybeans boast superior genetics and comprehensive lepidopteran insect protection, courtesy of the Enlist weed control system, which delivers unparalleled flexibility and efficacy in the management of broadleaf weeds and grasses. Moreover, it enhances crop production efficiency, marking a significant stride in agricultural innovation and sustainability.
The transgenic seeds market report table of contents includes:
1. Executive Summary
2. Transgenic Seeds Market Characteristics
3. Transgenic Seeds Market Trends And Strategies
4. Transgenic Seeds Market – Macro Economic Scenario
5. Global Transgenic Seeds Market Size and Growth
…..
31. Global Transgenic Seeds Market Competitive Benchmarking
32. Global Transgenic Seeds Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Transgenic Seeds Market
34. Transgenic Seeds Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Transgenic Seeds Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Transgenic Seeds Market, Segmentation By Trait, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Transgenic Seeds Market, Segmentation By Crop, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 75: BASF SE Financial Performance
Table 76: DuPont de Nemours Inc. Financial Performance
Table 77: Syngenta AG Financial Performance
Table 78: Vilmorin And Cie SA Financial Performance
Table 79: Bayer AG Financial Performance
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