Transgenic seeds can increase the return on investments by Transgenic Seeds technique. Transgenic Seeds plays a vital role to protect crops from pests & to improve their yield. Transgenic Seeds are also known as genetic traits which are genetically modified by changing DNA using genetic engineering techniques, which are used in agriculture. To outfit to the demand for higher food production with increasing agricultural input consumption across the world, farmers are focusing on boosting crop production & their nutrient values.
Global Transgenic Seeds Market Size & Growth:
Global transgenic seeds market was valued to be nearly $xx billion in 2017 and is projected to reach over $xx billion by the end of 2025 with a CAGR of almost xx% during the forecasting period. The factors that are driving Transgenic Seeds Market are an increase in global population & food requirements, the rise in the cost of fertilisers & Pesticides and easier residue management. Since we are having less area of land for agriculture to produce & population is increasing rapidly. When we compare the ratio of both Food Production & Population. Food Production ratio is too less. So, to maintain an equal balance between Food Production & Population, we required Transgenic Seeds. Cost of Fertilizers & Pesticides is increasing day by day and farmers are not in a stage to afford to buy them & they lost faith in pesticides & fertiliser. Since, all the insecticides, pests & others are getting more resistance after their use. So, they required Transgenic Seeds which has resistance towards insecticides, pests & others.
Global Transgenic Seeds Market Share:
Global Transgenic seeds market is classified by types such as By Trait, By Crop Type, By Brand, By Technology, By End User and By Geography.
By Trait, the market in Herbicide Tolerance segment of the Transgenic Seeds market is estimated to grow at the fastest CAGR during the forecast period. The growth of this segment can be accredited due to the increased Global Population.
By Crop Type, the market in Corn segment of the Transgenic Seeds market is estimated to grow at the fastest CAGR during the forecast period. The growth of this segment can be accredited due to Food Production Issue.
By Brand, The market in Bayer CropScience Ag segment of the Transgenic Seeds market is estimated to grow at the fastest CAGR during the forecast period. The growth of this segment can be accredited due to Liberty Link & Twin Link.
Regarding technology, the market in Automation segment of the Transgenic Seeds market is estimated to grow at the fastest rate during the forecast period. This growth can be due to the rising demand for automatic seeding.
Concerning End User, the market in Agriculture segment of Transgenic Seeds market is estimated to grow at the fastest CAGR during the forecast period. The growth of this segment can be accredited due to rise in the cost of fertilisers & pesticides.
Regarding geography, the market is segmented into North America, South America, Europe, APAC and Middle East & Africa. North America is predicted to be a dominant market in the global transgenic seeds market in 2025. Major GM crop companies are based in North America. Also, the region has the significant Agricultural sector in the world and consequently produces high demand for transgenic seed products. APAC is said to be the fastest growing market regarding Transgenic Seed owing to the increasing demand for agriculture in the region.
Global Transgenic Seed Market Trends:
Global Transgenic Seed Market Research Report:
Starting from $2700
Starting from $2700
Starting from $2700
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