Global Transgenic Seed Market Forecasts to 2030
Overview of Global Transgenic Seed Market:
According to Stratistics MRC, the Global Transgenic Seed Market is accounted for $26.9 billion in 2023 and is expected to reach $91.7 billion by 2030 growing at a CAGR of 7.2% during the forecast period. Transgenic seeds are genetically modified organisms (GMOs) created by introducing foreign genes into plant DNA. These genes can encode traits like pest resistance, herbicide tolerance, or improved yield. Transgenic seeds aim to enhance crop productivity and sustainability but raise concerns about safety, environmental impact, and corporate control over agriculture. They offer potential solutions to global food security challenges by reducing crop losses and chemical inputs.?
This report analyzes the Transgenic Seed market from 2022 to 2030. It uses a combination of detailed sales and revenue data with insights from industry experts. The report goes beyond just market size and growth rate. It also dives into different market segments, such as region, crop type, trait, distribution channel etc. This provides a comprehensive picture of how the market breaks down across various categories.
As COVID-19 has reshaped the world economy, our team has been keeping a careful eye on its effects on the market. Beyond the pandemic, we take into account other important variables such as the general state of the economy, local conflicts, and news and regulations unique to the industry. This guarantees a comprehensive perspective on the market.
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Market Dynamics:
Driver:
Rising global population and food demand
With a growing population, there is an increasing need for higher agricultural productivity to meet the demand for food. Transgenic seeds, which are genetically modified to exhibit traits such as resistance to pests, diseases, and herbicides, can offer higher yields per acre compared to conventional seeds. This can lead to greater adoption of transgenic seeds by farmers looking to maximize their crop output to feed the growing population and improved yields, resilience against environmental stresses, such as drought or pests, which can threaten food security.
Restraint:
Public concern about genetically modified organism’s safety
Public outcry over GMO safety concerns may prompt governments to impose stricter regulations or labelling requirements on transgenic seeds and products. This can create barriers to market access for seed companies, as compliance with varying regulations across different regions can be costly and time-consuming. Additionally, some countries may outright ban the cultivation or importation of genetically modified crops in response to public pressure, further limiting market opportunities for transgenic seeds.
Opportunity:
Need for sustainable agricultural practices
Transgenic seeds designed for traits like increased nutrient uptake efficiency or reduced water requirements can enhance resource use efficiency in agriculture, promoting sustainability. By minimizing waste and optimizing resource utilization, these seeds can contribute to environmental conservation efforts and reduce the ecological footprint of agriculture. For example, crops engineered for nitrogen fixation can reduce the need for synthetic fertilizers, which can have adverse environmental impacts such as water pollution and greenhouse gas emissions.
Threat:
Potential for gene flow and weed resistance
Weed resistance poses challenges to sustainable agriculture by undermining the efficacy of integrated pest management practices and promoting reliance on chemical inputs. Inefficacy of herbicide-resistant transgenic crops in controlling resistant weeds can lead to increased herbicide usage, potential environmental contamination, and adverse impacts on non-target organisms. This can compromise the long-term sustainability of agricultural systems and exacerbate environmental degradation hampering the market growth.
Covid-19 Impact:
On one hand, disruptions in supply chains and labor shortages have affected seed production and distribution. On the other hand, heightened awareness of food security and the need for resilient agricultural systems has spurred interest in transgenic seeds with traits like disease resistance and increased yields. Regulatory delays and reduced farmer incomes have posed challenges, but the long-term trend towards sustainable agriculture may drive continued innovation and adoption of transgenic seeds post-pandemic.
The insect resistance segment is expected to be the largest during the forecast period
The insect resistance segment is estimated to have a lucrative growth, as transgenic seeds engineered for insect resistance offer farmer’s protection against pests, reducing crop damage and losses. This leads to increased yields and productivity, making such seeds highly attractive to farmers seeking to optimize their agricultural output. Furthermore farmers spend less on purchasing pesticides, as well as on labour and equipment required for pesticide application, contributing to improved profitability and economic viability of farming operations.
The retail outlet segment is expected to have the highest CAGR during the forecast period
The retail outlet segment is anticipated to witness the highest CAGR growth during the forecast period, owing to retail outlets which often provide information and educational resources to farmers about transgenic seeds, including their benefits, characteristics, and proper usage. This helps farmers make informed decisions about which transgenic seeds are best suited to their specific needs and agricultural practices. In addition these may offer technical assistance, troubleshooting guidance, or product recommendations to help farmers maximize the effectiveness of transgenic seeds and address any issues or concerns.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the production, and sale of genetically modified (GM) seeds in countries like the United States, Canada, and Mexico. These companies invest heavily in research and development to create new genetically modified seed varieties with desirable traits that can improve crop yields, reduce the need for chemical inputs, and enhance agricultural sustainability. These traits offer farmers increased efficiency and reduced production costs, leading to widespread adoption of transgenic seeds in Asia Pacific agriculture.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, as it encompasses genetically modified seeds for major crops like corn, soybeans, cotton, and canola. Dominated by multinational corporations such as Bayer, Corteva Agriscience, Syngenta, and BASF, it focuses on traits like pest resistance and herbicide tolerance. These traits offer farmers increased yields and reduced costs but face scrutiny over environmental and health impacts. Regulatory frameworks vary across the region, with the United States generally more permissive. Despite controversy, transgenic seeds play a significant role in addressing agricultural challenges, including food security and sustainable farming practices, within the North American context.
Key Developments:
In April 2024, Vattenfall and BASF sign purchase agreement for 49 percent of Germany’s Nordlicht offshore wind farms. The two companies are deepening their partnership in the field of renewable energy
In April 2024, BASF is expanding its lineup of biomass-balanced ingredients tailored for the detergent and cleaning industry as well as industrial formulators across Europe. Swapping out fossil raw materials for renewable resources reduces carbon footprints
In April 2024, Bayer signs supply contract for electricity from renewable energy sources with Wuppertaler Stadtwerke. The contract underlines Bayer's global commitment to sustainability.
Leading Industry Players in the Transgenic Seed market worldwide:
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Global Transgenic Seed Market Segmentation
The transgenic seed market segmentation encompasses various dimensions, including crop type, trait, distribution channel, region, and competitors. By crop type, significantly impacts market dynamics, with major crops like corn, soybeans, and cotton driving demand due to their extensive cultivation. The market is segmented by trait, engineered into transgenic seeds, such as pest resistance, herbicide tolerance, and improved yield, enhance crop productivity and reduce reliance on chemical inputs, appealing to farmers. In terms of distribution channel, including seed companies and agricultural cooperatives, play a crucial role in ensuring the availability and accessibility of transgenic seeds to farmers. Geographically, the market is segmented into major regions such as North America, Europe, Asia Pacific, South America, the Middle East and Africa, each exhibiting different market dynamics and growth opportunities. Competitor analysis reveals the competitive landscape, with major players developing new products, strategic partnerships, mergers and acquisitions, and competing for market share. Additional segmentation factors provide a comprehensive understanding of the Transgenic Seed market's structure and potential.
Geographic Regions Covered:
North America: United States, Canada, and Mexico.
Europe: Germany, United Kingdom, Italy, France, Spain, and rest of Europe.
Asia Pacific: Japan, China, India, Australia, New Zealand, South Korea, and rest of the Asia Pacific region.
South America: Argentina, Brazil, Chile, and rest of South America.
Middle East & Africa: Saudi Arabia, United Arab Emirates, Qatar, South Africa, and rest of the Middle East & Africa.
Key Questions Answered in This Report:
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Table of Contents (TOC) for the Global Transgenic Seed Market Research Report (2024-2030)
1 Executive Summary ? ??? ? ??
2 Preface ? ???
2.1 Abstract ? ??
2.2 Stake Holders ? ??
2.3 Research Scope ? ??
2.4 Research Methodology ? ??
2.4.1 Data Mining ???
2.4.2 Data Analysis ???
2.4.3 Data Validation ???
2.4.4 Research Approach ???
2.5 Research Sources ? ??
2.5.1 Primary Research Sources ???
2.5.2 Secondary Research Sources ???
2.5.3 Assumptions ??? ? ??
3 Market Trend Analysis???????
?3.1 Introduction???????
?3.2 Drivers????????
?3.3 Restraints???????
?3.4 Opportunities???????
?3.5 Threats????????
?3.6 Emerging Markets???????
?3.7 Impact of Covid-19???????
4 Porters Five Force Analysis???????
?4.1 Bargaining power of suppliers??????
?4.2 Bargaining power of buyers??????
?4.3 Threat of substitutes??????
?4.4 Threat of new entrants??????
?4.5 Competitive rivalry???? ???
5 Global Transgenic Seed Market, By Crop Type?????
?5.1 Introduction???????
?5.2 Soybean????????
?5.3 Corn????????
?5.4 Cotton????????
?5.5 Canola????????
?5.6 Other Crop Types???????
6 Global Transgenic Seed Market, By Trait??????
?6.1 Introduction???????
?6.2 Insect Resistance???????
?6.3 Herbicide Tolerance??????
?6.4 Disease Resistance???????
?6.5 Abiotic Stress Tolerance??????
?6.6 Other Traits???????
7 Global Transgenic Seed Market, By Distribution Channel????
?7.1 Introduction???????
?7.2 Direct Sale???????
?7.3 Authorized Distributors??????
?7.4 Retail Outlet???????
?7.5 Other Distribution Channels
Continued…
List of Tables ? ? ?
1 Global Transgenic Seed Market Outlook, By Region (2021-2030) ($MN)???
2 Global Transgenic Seed Market Outlook, By Crop Type (2021-2030) ($MN)??
3 Global Transgenic Seed Market Outlook, By Soybean (2021-2030) ($MN)???
4 Global Transgenic Seed Market Outlook, By Corn (2021-2030) ($MN)???
5 Global Transgenic Seed Market Outlook, By Cotton (2021-2030) ($MN)???
6 Global Transgenic Seed Market Outlook, By Canola (2021-2030) ($MN)???
7 Global Transgenic Seed Market Outlook, By Other Crop Types (2021-2030) ($MN)??
8 Global Transgenic Seed Market Outlook, By Trait (2021-2030) ($MN)???
9 Global Transgenic Seed Market Outlook, By Insect Resistance (2021-2030) ($MN)??
10 Global Transgenic Seed Market Outlook, By Herbicide Tolerance (2021-2030) ($MN)?
11 Global Transgenic Seed Market Outlook, By Disease Resistance (2021-2030) ($MN)??
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12 Global Transgenic Seed Market Outlook, By Abiotic Stress Tolerance (2021-2030) ($MN)?
13 Global Transgenic Seed Market Outlook, By Other Traits (2021-2030) ($MN)??
14 Global Transgenic Seed Market Outlook, By Distribution Channel (2021-2030) ($MN)?
15 Global Transgenic Seed Market Outlook, By Direct Sale (2021-2030) ($MN)??
16 Global Transgenic Seed Market Outlook, By Authorized Distributors (2021-2030) ($MN)?
17 Global Transgenic Seed Market Outlook, By Retail Outlet (2021-2030) ($MN)??
18 Global Transgenic Seed Market Outlook, By Other Distribution Channels (2021-2030) ($MN)?
19 North America Transgenic Seed Market Outlook, By Country (2021-2030) ($MN)??
20 North America Transgenic Seed Market Outlook, By Crop Type (2021-2030) ($MN)??
21 North America Transgenic Seed Market Outlook, By Soybean (2021-2030) ($MN)??
22 North America Transgenic Seed Market Outlook, By Corn (2021-2030) ($MN)??
23 North America Transgenic Seed Market Outlook, By Cotton (2021-2030) ($MN)??
24 North America Transgenic Seed Market Outlook, By Canola (2021-2030) ($MN)??
25 North America Transgenic Seed Market Outlook, By Other Crop Types (2021-2030) ($MN)?
26 North America Transgenic Seed Market Outlook, By Trait (2021-2030) ($MN)??
27 North America Transgenic Seed Market Outlook, By Insect Resistance (2021-2030) ($MN)?
28 North America Transgenic Seed Market Outlook, By Herbicide Tolerance (2021-2030) ($MN)?
29 North America Transgenic Seed Market Outlook, By Disease Resistance (2021-2030) ($MN)?
30 North America Transgenic Seed Market Outlook, By Abiotic Stress Tolerance (2021-2030) ($MN)
31 North America Transgenic Seed Market Outlook, By Other Traits (2021-2030) ($MN)??
32 North America Transgenic Seed Market Outlook, By Distribution Channel (2021-2030) ($MN)?
33 North America Transgenic Seed Market Outlook, By Direct Sale (2021-2030) ($MN)??
34 North America Transgenic Seed Market Outlook, By Authorized Distributors (2021-2030) ($MN)
35 North America Transgenic Seed Market Outlook, By Retail Outlet (2021-2030) ($MN)?
36 North America Transgenic Seed Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
37 Europe Transgenic Seed Market Outlook, By Country (2021-2030) ($MN)???
38 Europe Transgenic Seed Market Outlook, By Crop Type (2021-2030) ($MN)??
39 Europe Transgenic Seed Market Outlook, By Soybean (2021-2030) ($MN)???
40 Europe Transgenic Seed Market Outlook, By Corn (2021-2030) ($MN)? ??
41 Europe Transgenic Seed Market Outlook, By Cotton (2021-2030) ($MN)???
42 Europe Transgenic Seed Market Outlook, By Canola (2021-2030) ($MN)???
43 Europe Transgenic Seed Market Outlook, By Other Crop Types (2021-2030) ($MN)??
44 Europe Transgenic Seed Market Outlook, By Trait (2021-2030) ($MN)???
45 Europe Transgenic Seed Market Outlook, By Insect Resistance (2021-2030) ($MN)??
46 Europe Transgenic Seed Market Outlook, By Herbicide Tolerance (2021-2030) ($MN)?
47 Europe Transgenic Seed Market Outlook, By Disease Resistance (2021-2030) ($MN)??
48 Europe Transgenic Seed Market Outlook, By Abiotic Stress Tolerance (2021-2030) ($MN)?
49 Europe Transgenic Seed Market Outlook, By Other Traits (2021-2030) ($MN)??
50 Europe Transgenic Seed Market Outlook, By Distribution Channel (2021-2030) ($MN)?
51 Europe Transgenic Seed Market Outlook, By Direct Sale (2021-2030) ($MN)??
52 Europe Transgenic Seed Market Outlook, By Authorized Distributors (2021-2030) ($MN)?
53 Europe Transgenic Seed Market Outlook, By Retail Outlet (2021-2030) ($MN)??
54 Europe Transgenic Seed Market Outlook, By Other Distribution Channels (2021-2030) ($MN)?
55 Asia Pacific Transgenic Seed Market Outlook, By Country (2021-2030) ($MN)??
56 Asia Pacific Transgenic Seed Market Outlook, By Crop Type (2021-2030) ($MN)??
57 Asia Pacific Transgenic Seed Market Outlook, By Soybean (2021-2030) ($MN)??
58 Asia Pacific Transgenic Seed Market Outlook, By Corn (2021-2030) ($MN)???
59 Asia Pacific Transgenic Seed Market Outlook, By Cotton (2021-2030) ($MN)??
60 Asia Pacific Transgenic Seed Market Outlook, By Canola (2021-2030) ($MN)??
61 Asia Pacific Transgenic Seed Market Outlook, By Other Crop Types (2021-2030) ($MN)?
62 Asia Pacific Transgenic Seed Market Outlook, By Trait (2021-2030) ($MN)???
63 Asia Pacific Transgenic Seed Market Outlook, By Insect Resistance (2021-2030) ($MN)?
64 Asia Pacific Transgenic Seed Market Outlook, By Herbicide Tolerance (2021-2030) ($MN)?
65 Asia Pacific Transgenic Seed Market Outlook, By Disease Resistance (2021-2030) ($MN)?
66 Asia Pacific Transgenic Seed Market Outlook, By Abiotic Stress Tolerance (2021-2030) ($MN)?
67 Asia Pacific Transgenic Seed Market Outlook, By Other Traits (2021-2030) ($MN)??
68 Asia Pacific Transgenic Seed Market Outlook, By Distribution Channel (2021-2030) ($MN)?
69 Asia Pacific Transgenic Seed Market Outlook, By Direct Sale (2021-2030) ($MN)??
70 Asia Pacific Transgenic Seed Market Outlook, By Authorized Distributors (2021-2030) ($MN)?
71 Asia Pacific Transgenic Seed Market Outlook, By Retail Outlet (2021-2030) ($MN)??
72 Asia Pacific Transgenic Seed Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
73 South America Transgenic Seed Market Outlook, By Country (2021-2030) ($MN)??
74 South America Transgenic Seed Market Outlook, By Crop Type (2021-2030) ($MN)??
75 South America Transgenic Seed Market Outlook, By Soybean (2021-2030) ($MN)??
76 South America Transgenic Seed Market Outlook, By Corn (2021-2030) ($MN)??
77 South America Transgenic Seed Market Outlook, By Cotton (2021-2030) ($MN)??
78 South America Transgenic Seed Market Outlook, By Canola (2021-2030) ($MN)??
79 South America Transgenic Seed Market Outlook, By Other Crop Types (2021-2030) ($MN)?
80 South America Transgenic Seed Market Outlook, By Trait (2021-2030) ($MN)??
81 South America Transgenic Seed Market Outlook, By Insect Resistance (2021-2030) ($MN)?
82 South America Transgenic Seed Market Outlook, By Herbicide Tolerance (2021-2030) ($MN)?
83 South America Transgenic Seed Market Outlook, By Disease Resistance (2021-2030) ($MN)?
84 South America Transgenic Seed Market Outlook, By Abiotic Stress Tolerance (2021-2030) ($MN)
85 South America Transgenic Seed Market Outlook, By Other Traits (2021-2030) ($MN)??
86 South America Transgenic Seed Market Outlook, By Distribution Channel (2021-2030) ($MN)?
87 South America Transgenic Seed Market Outlook, By Direct Sale (2021-2030) ($MN)??
88 South America Transgenic Seed Market Outlook, By Authorized Distributors (2021-2030) ($MN)
89 South America Transgenic Seed Market Outlook, By Retail Outlet (2021-2030) ($MN)?
90 South America Transgenic Seed Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
91 Middle East & Africa Transgenic Seed Market Outlook, By Country (2021-2030) ($MN)?
92 Middle East & Africa Transgenic Seed Market Outlook, By Crop Type (2021-2030) ($MN)?
93 Middle East & Africa Transgenic Seed Market Outlook, By Soybean (2021-2030) ($MN)?
94 Middle East & Africa Transgenic Seed Market Outlook, By Corn (2021-2030) ($MN)??
95 Middle East & Africa Transgenic Seed Market Outlook, By Cotton (2021-2030) ($MN)?
96 Middle East & Africa Transgenic Seed Market Outlook, By Canola (2021-2030) ($MN)?
97 Middle East & Africa Transgenic Seed Market Outlook, By Other Crop Types (2021-2030) ($MN)
98 Middle East & Africa Transgenic Seed Market Outlook, By Trait (2021-2030) ($MN)??
99 Middle East & Africa Transgenic Seed Market Outlook, By Insect Resistance (2021-2030) ($MN)
100 Middle East & Africa Transgenic Seed Market Outlook, By Herbicide Tolerance (2021-2030) ($MN)
101 Middle East & Africa Transgenic Seed Market Outlook, By Disease Resistance (2021-2030) ($MN)
102 Middle East & Africa Transgenic Seed Market Outlook, By Abiotic Stress Tolerance (2021-2030) ($MN)
103 Middle East & Africa Transgenic Seed Market Outlook, By Other Traits (2021-2030) ($MN)?
104 Middle East & Africa Transgenic Seed Market Outlook, By Distribution Channel (2021-2030) ($MN)
105 Middle East & Africa Transgenic Seed Market Outlook, By Direct Sale (2021-2030) ($MN)?
106 Middle East & Africa Transgenic Seed Market Outlook, By Authorized Distributors (2021-2030) ($MN)
107 Middle East & Africa Transgenic Seed Market Outlook, By Retail Outlet (2021-2030) ($MN)?
108 Middle East & Africa Transgenic Seed Market Outlook, By Other Distribution Channels (2021-2030) ($MN)?
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