The Global Transgenic Seeds market is anticipated to grow at a considerable CAGR of around 7.5% during the forecast period (2024-2031). Transgenic seeds or genetically modified seeds hold future technology promises with their advantages and benefits. Many companies such as Bayer AG, BASF SE, Syngenta among others, or manufacturers of these seeds are investing s to launch several transgenic seeds that are having various benefits and novel traits. ) For instance, in August 2021, Corteva Inc., launched a new genetically modified soybean seed Conkesta E3 in Brazil. The product gotapproval from the European Union Commission along with permission to crop produced by Conkesta E3 soybean seeds to be sold in European market for food and feed use.The new launched product will give farmers in Brazil a new soy seed technology alternatives for crop production.
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Similary in February 2019, DowDuPont Inc won the final international regulatory approval for a global launch of a new line of genetically engineered soybean seeds Enlist E3. The approval allowed company to sell the soybeans to farmers for planting in spring season with taking additional care. Considering this product launches and approvals, considerable growth can be expected during the forecast period.
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Market Coverage
- Segment Covered-
o By Traits
o By Crops
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
1.1. Competitive Landscape- BASF SE, Bayer AG, J. R. Simplot Co., JK Agri Genetics Ltd., Syngenta Group Vikima Seed A/S, VILMORIN & CIE, Sakata Seed America, United Genetics India Pvt. Ltd. and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Transgenic Seeds Market Report Segment
By Trait
- Herbicide Tolerance
- Insect- Resistance
- Others
By Crops
- Maize
- Cotton
- Rice
- Soybean
- Canola
- Others
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