The Transgenic Seeds Global Market Report 2023, provides comprehensive information on the transgenic seeds market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Transgenic Seeds Global Market Report 2023, the global transgenic seeds market size is expected to grow from $38.54 billion in 2022 to $44.02 billion in 2023 at a compound annual growth rate (CAGR) of 14.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global transgenic seeds market size is expected to reach $71.99 billion in 2027 at a CAGR of 13%.
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Product innovation is a key trend gaining popularity in the transgenic seed market. Major companies operating in the transgenic seed market are focused on developing innovative products to strengthen their position in the market. For instance, in August 2021, Corteva Inc., a US-based agriculture company launched Conkesta E3, a genetically modified soybean seed, for Brazilian farmers. It recently received authorization by the European Union Commission. Conkesta E3 soybeans have good genetics and extensive lepidopteran insect protection as part of the Enlist weed control system, which offers maximum flexibility and superior control of broadleaf weeds and grasses. Additionally, it increases crop production efficiency.
The transgenic seeds market 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
North America was the largest region in the transgenic seeds market in 2022.
The table of contents in TBRC’s transgenic seeds market report includes:
1. Executive Summary
2. Transgenic Seeds Market Characteristics
3. Transgenic Seeds Market Trends And Strategies
4. Transgenic Seeds Market – Macro Economic Scenario
5. Transgenic Seeds Market Size And Growth
…
27. Transgenic Seeds Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Transgenic Seeds Market
29. Transgenic Seeds Market Future Outlook and Potential Analysis
30. Appendix
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