The market for transgenic seeds has a significant impact on agriculture production. Transgenic seeds are gaining better response compared to other pest control agents.
The driving factors for this market are the increasing global population and food requirements, rise in cost of fertilizers & pesticides, and easier residue management. Transgenic seeds gained popularity due to various factors, including increasing cost of seeds, production of high-quality agricultural produce, increasing rates of crop rotation, and raising awareness among farmers with respect to the increasing toxicity of the agrochemicals. Additionally, increased strive for yield maximization across the globe is encouraging the farmers to adopt transgenic seeds.
This report estimates the size of the global market in terms of value. The market has been segmented on the basis of trait, crop type, and region. In 2014, the global transgenic seeds market was led by North America, where the U.S. is a major producer. Latin America is the second-largest region with regard to the application of transgenic seeds. The crop type considered are corn, soybean, cotton, canola, and others that include fruits & vegetables, turf, ornamental & forage crop, and other cereals & oilseed crops. The global market is divided into regions and further into key country-level markets, and projected in terms of value. Drivers, restraints, opportunities, burning issues, and challenges of the market are also discussed in detail in the report.
The report provides a complete analysis of the key global players in the transgenic seeds market, with a clear insight and commentary on the developments, trends, and their product portfolio. With a huge opportunity in the market, the existing companies are experiencing a significant shift in the industry. Leading players such as Monsanto (U.S.), E.I. du Pont de Nemours & Company (U.S.), Syngenta AG (Switzerland), Vilmorin & Cie SA (France), Bayer CropScience AG (Germany), BASF SE (Germany), Dow AgroSciences LLC (U.S.) and Suntory Holdings Ltd. (Japan) have been profiled in the report. These players are executing various strategies to grow and develop in this market. Agreements, new products launches, and acquisitions have been the key moves undertaken by market players for global expansion.
Scope of the Report
This research categorizes transgenic seeds on the basis of trait, crop type, and region.
On the basis of region, this market has been segmented as follows:
- North America
- Latin America
- Rest of the World (RoW)
On the basis of trait, this market has been segmented as follows:
- Herbicide Tolerance
- Insect- Resistance
- Others (modified product quality, disease resistance, and abiotic stress tolerance)
On the basis of crop type, this market has been segmented as follows:
- Others (fruits & vegetables, turf, ornamental & forage crop, and other cereals & oilseed crops)