Transgenic Seeds Market|Market Analysis|Aggregate Insights|Market Forecast to 2026
The global transgenic seeds market valued USD XX million in 2018 and expected to grow at a CAGR of XX% to reach USD XX million by 2026.
(EMAILWIRE.COM, October 22, 2019 ) Market Overview:
Transgenic seeds, also known as genetically modified (GM) seeds are a type of seeds that are modified by insertion of genes directly into the DNA of the seed. Seeds are genetically modified to contain specific characteristics such as resistant to herbicides and resistant to pests. GM seeds are gaining wide acceptability among commercial crop growers. The acreage of GM variants has significantly increased in cotton, corn, soybean and wheat across the globe. Major advantages associated with the genetically modified seed includes improved agricultural production, reduced pesticide usage, and increased profits. Rapid change in environmental conditions, depleting water resources led to shift in agricultural practices towards sustainable technologies such as GM crops. A recent study revealed that GMOs increase crop yields by 22% with pesticide use reduced by 37% and increase profits by 68%.
Market Dynamics:
Transgenic seeds market has been witnessing significant growth owing to growing adoption of sustainable agricultural practices across the globe. High agricultural yield and associated with use of transgenic crops in comparison with conventional crops made GM seeds as the preferred choice among farming communities.
However, the environmental concerns and stringent government regulations associated with the use of GM seeds is hindering the growth of the market. The changing consumer preference towards naturally grown food products is also limiting the utilization of GM seeds.
Market Segmentation:
Transgenic Seeds Market is segmented on the basis of trait into herbicide tolerant and pest resistant. Herbicide tolerant crops are designed to tolerate specific spectrum of herbicides, restricting the growth of surrounding weeds and supporting the growth of crops. Growing utilization of herbicides in production of corn and soybean for crop protection led to shift in preference towards production of herbicide tolerant crops. Currently, more than 120 million acres of corn and soybean are genetically engineered to be tolerant to glyphosate, and other herbicides in the United States.
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Geographical Analysis:
Geographically, the market is divided into North America, Europe, South America, Asia-Pacific and the Middle East and Africa.
North America is dominating the Transgenic Seeds Market owing to increased adoption rate of GM corn, soybeans, cotton and alfalfa by farmers across the region. More than 90% of corn, soybean, canola and sugar beat produced in the United States is genetically modified in every crop season. As of 2017, ten GMO crops are produced in the United States which includes corn, soybean, cotton, canola and others.
Competitive Analysis:
The Transgenic Seeds Market is consolidated with major companies such as Mosanto, DowDupont Inc, BASF SE, Bayer AG, and Syngenta AG occupying significant market share.
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View Full Report Sample: https://www.datamintelligence.com/research-report/transgenic-seeds-market
About Us:
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: pr@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Transgenic seeds, also known as genetically modified (GM) seeds are a type of seeds that are modified by insertion of genes directly into the DNA of the seed. Seeds are genetically modified to contain specific characteristics such as resistant to herbicides and resistant to pests. GM seeds are gaining wide acceptability among commercial crop growers. The acreage of GM variants has significantly increased in cotton, corn, soybean and wheat across the globe. Major advantages associated with the genetically modified seed includes improved agricultural production, reduced pesticide usage, and increased profits. Rapid change in environmental conditions, depleting water resources led to shift in agricultural practices towards sustainable technologies such as GM crops. A recent study revealed that GMOs increase crop yields by 22% with pesticide use reduced by 37% and increase profits by 68%.
Market Dynamics:
Transgenic seeds market has been witnessing significant growth owing to growing adoption of sustainable agricultural practices across the globe. High agricultural yield and associated with use of transgenic crops in comparison with conventional crops made GM seeds as the preferred choice among farming communities.
However, the environmental concerns and stringent government regulations associated with the use of GM seeds is hindering the growth of the market. The changing consumer preference towards naturally grown food products is also limiting the utilization of GM seeds.
Market Segmentation:
Transgenic Seeds Market is segmented on the basis of trait into herbicide tolerant and pest resistant. Herbicide tolerant crops are designed to tolerate specific spectrum of herbicides, restricting the growth of surrounding weeds and supporting the growth of crops. Growing utilization of herbicides in production of corn and soybean for crop protection led to shift in preference towards production of herbicide tolerant crops. Currently, more than 120 million acres of corn and soybean are genetically engineered to be tolerant to glyphosate, and other herbicides in the United States.
Download free Report Sample: https://www.datamintelligence.com/download-sample/transgenic-seeds-market
Geographical Analysis:
Geographically, the market is divided into North America, Europe, South America, Asia-Pacific and the Middle East and Africa.
North America is dominating the Transgenic Seeds Market owing to increased adoption rate of GM corn, soybeans, cotton and alfalfa by farmers across the region. More than 90% of corn, soybean, canola and sugar beat produced in the United States is genetically modified in every crop season. As of 2017, ten GMO crops are produced in the United States which includes corn, soybean, cotton, canola and others.
Competitive Analysis:
The Transgenic Seeds Market is consolidated with major companies such as Mosanto, DowDupont Inc, BASF SE, Bayer AG, and Syngenta AG occupying significant market share.
Enquire about the report: https://www.datamintelligence.com/enquiry/transgenic-seeds-market
View Full Report Sample: https://www.datamintelligence.com/research-report/transgenic-seeds-market
About Us:
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: pr@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
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DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results