The Genetically Modified Crops Global Market Report 2023, provides comprehensive information on the genetically modified crops 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 Genetically Modified Crops Global Market Report 2023, the market size will grow from $21.08 billion in 2022 to $22.29 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. 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 market size of global genetically modified crops is expected to grow to $28.03 billion in 2027 at a CAGR of 5.9%.
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The genetically modified crops market is segmented:
1) By Trait: Herbicide Tolerance (HT), Insect Resistance (IR), Stacked Traits (ST), Other Traits
2) By Crop: Soybean, Cotton, Maize, Oilseed Rape, tobacco, Other Crops
3) By Technique: Gene Guns, Electroporation, Microinjection, Agrobacterium, Other Techniques
4) By Type of Modification: Transgenic, Cis-genic, Sub-genic, Multiple Trait Integration
5) By Application: Scientific Research, Agriculture Crops
North America was the largest region in the genetically modified crops market in 2022.
The table of contents in TBRC’s genetically modified crops market report includes:
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