The major driving factors of global Genetically Modified Crops (GMO) market are increase in agriculture productivity and decrease in need for harmful pesticides. In addition, increasing investment in the field of biotechnology research and development.
The major restraining factors of global GMO Crops is possible health issues like allergies and stringent government regulation. Moreover, the low consumer awareness is another major restraining factor that negatively impact the market.
The ‘GMO Crops market’ report published by Brand Essence Market Research enumerates information about the industry in terms of market share, market size, revenue forecasts, and regional outlook. The report further illustrates competitive insights of key players in the business vertical followed by an overview of their diverse portfolios and growth strategies.
Global GMO Crops Market valued approximately $24.6 billion in 2017 is anticipated to grow with a healthy growth rate of more than 8.41% over the forecast period 2018-2025, reaching $46.9 billion by 2025.
The key regional analysis of Global GMO Crops Market is considered for Asia Pacific, North America, Europe, Latin America and Rest of the World. North America has accounted the leading market share of total generating revenue in 2017 across the globe owing to increasing approval of new bioengineered food.
Europe is also contributing a large share in the global market. The Asia-Pacific region is also anticipated to exhibit the third largest growth rate in terms of revenue over the forecast period 2018-2025, due to rising population in the region and adoption of new technologies in the agricultural sector to meet the requirement of growing population.
The key market players included in this report are: BASF SE, Bayer Crop Science India Ltd., DowDuPont Inc., Groupe Limagrain Holdings Corp., KWS SAAT SE, Land O’ Lake, Monsanto Co., Sakata Seed Corp., Syngenta AG, Takii seeds, Agreliant Genetics LLC, Canterra Seeds and science, and DLF Seeds and Science.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market.
Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explored by crop type (Corn, Soybean, Cotton, Alfalfa, Sugar Beets, Zucchini, Papaya, Potato, Apple, Other), by traits (Herbicide Tolerance, Insect Tolerance, Others), by sales channel (Direct Sales, Modern Trade, E-Retail, Other Retail Outlets).
Genetic Modification of crops is a technology that involves inserting DNA into the genome of an
organism. To produce a GM plant, new DNA is transferred into plant cells. GMO crop can be modified so that they provide a complete nutritional profile. GMO crops can be engineered to last longer once harvested, which makes it possible to extend the distribution life of the product.
GMO crops have a greater overall tolerance, no-till farming methods become a possibility. Even if tilling is required, less may be necessary to successfully plant a crop. GMO Crops use less water required for fields planted. GMO crops required fewer in-field operations and applications to maintain the quality of the yield. GMO crops also have a longer shelf life.
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The report was published on May 6, 2020 and has 90 pages.