Biotech Seeds Market -Industry News, Applications 2021 - 2028
The Global Biotech Seeds Market is predicted to reach a high CAGR during the forecast period (2021-2028)
(EMAILWIRE.COM, October 11, 2021 )
Market Overview:
The global biotech seeds market is subject to witness substantial growth due to the growing need for improving overall agriculture productivity to sustain the ever-growing population across the globe. Biotech seeds offer higher resistance to insects and fungicides, thus driving market demand in the past few years.
The incorporation of biotechnologies in the agriculture sector such as seed enhancement technologies is expected to favor market growth over the forecast period. Seed enhancement technology has led to the development of biotech seeds, which are gaining widespread attention for their capability to confer greater disease resistance in seeds. Biotech seeds enhance seed vigor, thus modifying seed emergence capabilities.
View full report: https://bit.ly/3oVmENj
Market Dynamics:
Various advantages offered by biotech seeds is expected to drive the market growth
The use of biotech seeds offers advantages such as higher nutritional content, higher yield, and improved quality of crops. The above-mentioned factors are expected to fuel market demand over the forecast period.
Furthermore, a higher approval rate from regional as well as international authorities regarding the use of biotech seeds is predicted to favor market expansion across the globe. Other advantages of biotech seeds include protection against diseases & fungicides and a longer lifecycle of seeds. These actors are significantly contributing to high-end market demand in recent years.
Biotech seeds are also used to enhance germination rate and offer uniformity, thus overcoming seed dormancy. Biotech seeds are hydrated in a specified manner, thereby providing enough water to initiate the metabolic processes of germination.
Moreover, the use of biotechnology to prevent crops from pests is expected to drive market growth. Biotechnology has helped increase crop productivity by introducing qualities such as disease resistance and increased drought tolerance.
Researchers can select genes for disease resistance from other species and transfer them to essential crops. Genes from naturally drought-resistant plants can be used to increase drought tolerance in many crop varieties. Farmers use crop-protection technologies to provide cost-effective resolutions to pest problems that would seriously lower yields.
Crops such as corn, potato, and cotton crops have been successfully transformed by genetic engineering to produce a protein that kills insects while feeding on plants.
Market Segmentation:
By Type
• Herbicide Tolerance
• Insect Resistance
• Others
By Application
• Corn
• Soybean
• Cotton
Download free sample: https://bit.ly/3BxnAdY
Geographical Penetration:
North America is expected to dominate the global biotech seeds market during the forecast period
The USA is the largest producer of biotech crops globally, planted 75 million hectares in 2018, overlaying 39% of global biotech crop plantation. Brazil arrived in second place and had 51.3 million hectares which was 27% of the global production.
Increasing growth in biotech crops is associated with technology's positive result on human, environmental, and animal health and the growth of farmers' socioeconomic requirements. Up to 92% of corn is genetically engineered in the U.S., as are 94% of soybeans and 94% of cotton.
Biotechnology benefits the environment and farmers by providing more food while saving water and decreasing the need for chemicals, tilling and pesticides. Biotech seeds provide farmers with tools that can make production cheaper and manageable such as, some crops are engineered to abide by specific herbicides, which make weed control more straightforward and more efficient.
Other crops have been engineered to be immune to particular plant diseases and insect diseases, make pest control safer and more productive and decrease synthetic pesticides. Specific crop production benefits can help countries keep speed with requirements for food while decreasing production costs.
Competitive Landscape:
The biotech seeds market is moderately competitive with the presence of local as well as global companies. Some of the key players contributing to the market's growth include Bayer AG, Corteva, KWS SAAT SE & Co., Limagrain, Syngenta, Dow, BASF SE, among others.
The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, contributing to the growth of the biotech seeds market globally. Collaborations and agreements are the prominent strategies undertaken by the industry players to sustain the competition and to improve business performance.
For instance, the Monsanto Company entered into a collaboration with Pairwise Plants to take advanced steps in agricultural research and development by leveraging gene-editing technology.
Related Topic's
Bio-Seeds Market, Organic Seeds Market, Transgenic Seeds Market, Hemp Seeds Market, Seeds Market
Market Overview:
The global biotech seeds market is subject to witness substantial growth due to the growing need for improving overall agriculture productivity to sustain the ever-growing population across the globe. Biotech seeds offer higher resistance to insects and fungicides, thus driving market demand in the past few years.
The incorporation of biotechnologies in the agriculture sector such as seed enhancement technologies is expected to favor market growth over the forecast period. Seed enhancement technology has led to the development of biotech seeds, which are gaining widespread attention for their capability to confer greater disease resistance in seeds. Biotech seeds enhance seed vigor, thus modifying seed emergence capabilities.
View full report: https://bit.ly/3oVmENj
Market Dynamics:
Various advantages offered by biotech seeds is expected to drive the market growth
The use of biotech seeds offers advantages such as higher nutritional content, higher yield, and improved quality of crops. The above-mentioned factors are expected to fuel market demand over the forecast period.
Furthermore, a higher approval rate from regional as well as international authorities regarding the use of biotech seeds is predicted to favor market expansion across the globe. Other advantages of biotech seeds include protection against diseases & fungicides and a longer lifecycle of seeds. These actors are significantly contributing to high-end market demand in recent years.
Biotech seeds are also used to enhance germination rate and offer uniformity, thus overcoming seed dormancy. Biotech seeds are hydrated in a specified manner, thereby providing enough water to initiate the metabolic processes of germination.
Moreover, the use of biotechnology to prevent crops from pests is expected to drive market growth. Biotechnology has helped increase crop productivity by introducing qualities such as disease resistance and increased drought tolerance.
Researchers can select genes for disease resistance from other species and transfer them to essential crops. Genes from naturally drought-resistant plants can be used to increase drought tolerance in many crop varieties. Farmers use crop-protection technologies to provide cost-effective resolutions to pest problems that would seriously lower yields.
Crops such as corn, potato, and cotton crops have been successfully transformed by genetic engineering to produce a protein that kills insects while feeding on plants.
Market Segmentation:
By Type
• Herbicide Tolerance
• Insect Resistance
• Others
By Application
• Corn
• Soybean
• Cotton
Download free sample: https://bit.ly/3BxnAdY
Geographical Penetration:
North America is expected to dominate the global biotech seeds market during the forecast period
The USA is the largest producer of biotech crops globally, planted 75 million hectares in 2018, overlaying 39% of global biotech crop plantation. Brazil arrived in second place and had 51.3 million hectares which was 27% of the global production.
Increasing growth in biotech crops is associated with technology's positive result on human, environmental, and animal health and the growth of farmers' socioeconomic requirements. Up to 92% of corn is genetically engineered in the U.S., as are 94% of soybeans and 94% of cotton.
Biotechnology benefits the environment and farmers by providing more food while saving water and decreasing the need for chemicals, tilling and pesticides. Biotech seeds provide farmers with tools that can make production cheaper and manageable such as, some crops are engineered to abide by specific herbicides, which make weed control more straightforward and more efficient.
Other crops have been engineered to be immune to particular plant diseases and insect diseases, make pest control safer and more productive and decrease synthetic pesticides. Specific crop production benefits can help countries keep speed with requirements for food while decreasing production costs.
Competitive Landscape:
The biotech seeds market is moderately competitive with the presence of local as well as global companies. Some of the key players contributing to the market's growth include Bayer AG, Corteva, KWS SAAT SE & Co., Limagrain, Syngenta, Dow, BASF SE, among others.
The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, contributing to the growth of the biotech seeds market globally. Collaborations and agreements are the prominent strategies undertaken by the industry players to sustain the competition and to improve business performance.
For instance, the Monsanto Company entered into a collaboration with Pairwise Plants to take advanced steps in agricultural research and development by leveraging gene-editing technology.
Related Topic's
Bio-Seeds Market, Organic Seeds Market, Transgenic Seeds Market, Hemp Seeds Market, Seeds Market
Contact Information:
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
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