According to a new market report published by Lucintel, the future of the global genetically modified seed market looks promising with opportunities in the corn, soybean, cotton, and canola segments. The global genetically modified seed market is expected to reach an estimated $43.57 billion by 2022 and is forecast to grow at a CAGR of 9.8% from 2017 to 2022. The major growth drivers for this market are increasing global population and food requirements, rising demand for animal feed, and rising adoption of bio-fuels and oleo-chemicals.
Browse 97 market data tables and 108 figures spread through 196 pages and in-depth TOC on “Global Genetically Modified Seed Market"
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In this market, corn, soybean, cotton, and canola are the major crop types of genetically modified seed. On the basis of its comprehensive research, Lucintel forecasts that the corn seed is expected to remain the largest segment due to increase in demand of bio-fuels, growth in demand of food and feed, and increase ethanol production. Lucintel predicts that the demand for soybean is likely to experience the highest growth in the forecast period supported by increasing demand for soybean oil, oleo-chemicals, and livestock feed.
Within the global genetically modified seed market, the herbicide tolerance segment is expected to remain the largest market by trait type because it offers flexibility to use herbicides, fight against unwanted weeds, and lowers the cost of herbicides used in agriculture. These properties of herbicide tolerance have presented sound opportunities for genetically modified seed in the corn and soybean segment, which will spur growth for this segment over the forecast period.
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North America is expected to remain the largest region due to an increase in the population and food requirements, growth in the demand of bio-fuels and oleo-chemicals, and an increase in the demand for livestock feed.
Rest of the world is anticipated to see above average growth over the forecast period due to increasing population and food requirements and growing adoption of genetically modified seed in Brazil and Argentina.
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Emerging trends, which have a direct impact on the dynamics of the market, include the increasing adoption of biotech drought-tolerant crops and growing demand for high yield crops. Monsanto, DuPont, Syngenta, Dow, and Bayer are among the major suppliers of genetically modified seed.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for global genetically modified seed market by crop type, trait type, and region and has compiled a comprehensive research report entitled “Growth Opportunities for Global Genetically Modified seed Market 2017-2022: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy because it provides a comprehensive data and analysis on trends, key drivers, and directions.
The study includes the genetically modified seed market size and forecast for global genetically modified seed market through 2022 by crop type, trait type, and region as shown below:
Genetically modified seed market by crop type [Volume (Billion Pounds) and $ billion shipment from 2011 to 2022]:
Corn
Soybean
Cotton
Canola
Others
Genetically modified seed market by trait type [Volume (Billion Pounds) and $ Billion shipment from 2011 to 2022]:
Herbicide tolerance
Insect resistance
Others
Genetically modified seed market by region [Volume (Billion Pounds) and $ Billion shipment from 2011 to 2022]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
India
China
The Philippines
The Rest of the World
Brazil
Argentina
Paraguay
Pakistan
South Africa
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This 196-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/toc/genetically_modified_seed_market_2017.aspx or helpdesk@lucintel.com.
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