The Deoxyribonucleic acid (DNA) of crop is modified using genetic engineering methods to provide resistance to certain pests, reduce spoilage, and improving nutrient profile of the crop.
Market Dynamics
The growing agriculture industry has led to growth of genetically modified crops to meet rising demand for food across the globe. According to the Food and Agricultural Organization’s (FAO) report, in 2015, over 11% of the world’s land which accounted for 1.5 billion ha was used for crop production, and over 2.7 billion ha land possesses potential for crop production. Also, according to India Brand Equity Foundation (IBEF), in India, during 2017 – 2018, food grain production was pegged at 285.01 million tons and is expected to grow at a faster pace over the forecast period. Moreover, according to FAO forecast, the projected increase in the world crop production from 1999 to 2030 is 55%.
North America is expected to witness significant growth in the global genetically modified crops market by 2021. This is attributed to growing demand for genetically modified food in this region. For instance, according to United States Department of Agriculture, Economic research Service, the percentage of genetically modified corn planted was 88% in 2011 and increased to 92% in 2018.
However, stringent regulations and ban on genetically modified seeds or crops is hindering the growth of genetically modified crops market. For instance, in October 2015, in Europe, more than half of the 28 countries in the European Union (EU), including France and Germany banned their farmers from growing genetically modified crops.
Key features of the study:
- This report provides in-depth analysis of genetically modified crops market and provides market size (US$ Billion and Tons) and cumulative annual growth rate (CAGR %) for the forecast period (2019-2027), considering 2018 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by leading players
- It profiles leading players in the global genetically modified crops market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include BASF SE, Bayer AG, The Dow Chemical Company and Syngenta AG among others.
- Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology development, market expansion, and marketing tactics
- The global genetically modified crops market report caters to various stakeholders in this industry including investors, suppliers, genetically modified crops manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the genetically modified crops market
Detailed Segmentation:
- Global Genetically Modified Crops Market, By Crop Type:
- Soybean
- Maize
- Cotton
- Canola
- Others (Sugar Beat, etc.)
- Global Genetically Modified Crops Market, By Trait:
- Herbicide Tolerance (HT)
- Insect Resistance (IR)
- Stacked Traits (ST)
- Global Genetically Modified Crops Market, By Region:
- North America
- U.S.
- By Crop Type:
- Soybean
- Maize
- Cotton
- Canola
- Others
- By Trait:
- Herbicide Tolerance (HT)
- Insect Resistance (IR)
- Stacked Traits (ST)
- Canada
- By Crop Type:
- Soybean
- Maize
- Cotton
- Canola
- Others
- By Trait:
- Herbicide Tolerance (HT)
- Insect Resistance (IR)
- Stacked Traits (ST)
- Europe
- U.K.
- By Crop Type:
- Soybean
- Maize
- Cotton
- Canola
- Others
- By Trait:
- Herbicide Tolerance (HT)
- Insect Resistance (IR)
- Stacked Traits (ST)
- Germany
- By Crop Type:
- Soybean
- Maize
- Cotton
- Canola
- Others
- By Trait:
- Herbicide Tolerance (HT)
- Insect Resistance (IR)
- Stacked Traits (ST)
- Italy
- By Crop Type:
- Soybean
- Maize
- Cotton
- Canola
- Others
- By Trait:
- Herbicide Tolerance (HT)
- Insect Resistance (IR)
- Stacked Traits (ST)
- France
- By Crop Type:
- Soybean
- Maize
- Cotton
- Canola
- Others
- By Trait:
- Herbicide Tolerance (HT)
- Insect Resistance (IR)
- Stacked Traits (ST)
- Russia
- By Crop Type:
- Soybean
- Maize
- Cotton
- Canola
- Others
- By Trait:
- Herbicide Tolerance (HT)
- Insect Resistance (IR)
- Stacked Traits (ST)
- Rest of Europe
- By Crop Type:
- Soybean
- Maize
- Cotton
- Canola
- Others
- By Trait:
- Herbicide Tolerance (HT)
- Insect Resistance (IR)
- Stacked Traits (ST)
- Asia Pacific
- China
- By Crop Type:
- Soybean
- Maize
- Cotton
- Canola
- Others
- By Trait:
- Herbicide Tolerance (HT)
- Insect Resistance (IR)
- Stacked Traits (ST)
- India
- By Crop Type:
- Soybean
- Maize
- Cotton
- Canola
- Others
- By Trait:
- Herbicide Tolerance (HT)
- Insect Resistance (IR)
- Stacked Traits (ST)
- Japan
- By Crop Type:
- Soybean
- Maize
- Cotton
- Canola
- Others
- By Trait:
- Herbicide Tolerance (HT)
- Insect Resistance (IR)
- Stacked Traits (ST)
- ASEAN
- By Crop Type:
- Soybean
- Maize
- Cotton
- Canola
- Others
- By Trait:
- Herbicide Tolerance (HT)
- Insect Resistance (IR)
- Stacked Traits (ST)
- Australia
- By Crop Type:
- Soybean
- Maize
- Cotton
- Canola
- Others
- By Trait:
- Herbicide Tolerance (HT)
- Insect Resistance (IR)
- Stacked Traits (ST)
- South Korea
- By Crop Type:
- Soybean
- Maize
- Cotton
- Canola
- Others
- By Trait:
- Herbicide Tolerance (HT)
- Insect Resistance (IR)
- Stacked Traits (ST)
- Rest of Asia Pacific
- By Crop Type:
- Soybean
- Maize
- Cotton
- Canola
- Others
- By Trait:
- Herbicide Tolerance (HT)
- Insect Resistance (IR)
- Stacked Traits (ST)
- Latin America
- Brazil
- By Crop Type:
- Soybean
- Maize
- Cotton
- Canola
- Others
- By Trait:
- Herbicide Tolerance (HT)
- Insect Resistance (IR)
- Stacked Traits (ST)
- Argentina
- By Crop Type:
- Soybean
- Maize
- Cotton
- Canola
- Others
- By Trait:
- Herbicide Tolerance (HT)
- Insect Resistance (IR)
- Stacked Traits (ST)
- Mexico
- By Crop Type:
- Soybean
- Maize
- Cotton
- Canola
- Others
- By Trait:
- Herbicide Tolerance (HT)
- Insect Resistance (IR)
- Stacked Traits (ST)
- Rest of Latin America
- By Crop Type:
- Soybean
- Maize
- Cotton
- Canola
- Others
- By Trait:
- Herbicide Tolerance (HT)
- Insect Resistance (IR)
- Stacked Traits (ST)
- Middle East & Africa
- Middle East
- By Crop Type:
- Soybean
- Maize
- Cotton
- Canola
- Others
- By Trait:
- Herbicide Tolerance (HT)
- Insect Resistance (IR)
- Stacked Traits (ST)
- Africa
- By Crop Type:
- Soybean
- Maize
- Cotton
- Canola
- Others
- By Trait:
- Herbicide Tolerance (HT)
- Insect Resistance (IR)
- Stacked Traits (ST)
- Company Profiles
- Bayer AG*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- BASF SE
- Syngenta AG
- The Dow Chemical Company
“*” marked represents similar segmentation in other categories in the respective section.