Seeds and yields that are modified genetically are beneficial for expanding horticulture yield. Generally, an industry of agriculture has been encouraging of technological development particularly in improving the genetic crops. In the projection period of 2017-2022, the global GMO crops and seeds market is likely to perform well with a steady growth across the globe throughout the assessed period. Considering the rising development and progress of this market, Market Research Reports Search Engine (MRRSE) has decided to add this report in its database with the title, “GMO Crops and Seeds Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2022,” that tracks the performance of the market during the five-years of forecasted period.
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The global market of GMO crops and seeds is expected to be valued US$ 36,653.2 Mn by the end of the projected period, i.e. 2022, with a healthy CAGR of 8.3% during the projected period.
Global GMO Crops and Seeds Market: Segmental Analysis and Forecast
This market is segmented into trait, crop type, and sales channel. Crop type segment is further segmented into Soybean, sugar beets, corn, alfalfa, papaya, zucchini, apple, potato and others. The crop of corn dominates the global market of GMO crops and seeds. The reason for this domination is huge volume of production of corn is modified genetically in some of the developed countries which is additionally expected to produce an effective insecticide called soil bacterium. The traits segment includes insect tolerance, herbicide tolerance and a segment of other traits, while e-retailers, direct sales, modern trade and other retail outlets are some of the segments of sales channel segment.
Global GMO Crops and Seeds Market: Regional Analysis and Forecast
This report has covered five regions namely, Latin America, Europe, North America, MEA and Asia Pacific excluding Japan. It has been noted that North America leads the global market of GMO crops and seeds. North America region is likely to record a remarkable rate of growth throughout the projected period and it estimated to be the most striking region in the global market. Nevertheless, Europe is likely to outshine among all the regions with regard to growth rate during the projected period of 2017 to 2022.
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Safety and Health Concerns Related to GM Crops
The security and safety of the crops which are modified genetically is a matter of concern for researchers across the globe. According to this report, although the diminished use of pesticide is good for human wellbeing, the consequences of genetically modified crops for human health are not yet completely caught on. According to the Center for Food Safety, corn can trigger an unfavorably susceptible reaction as the real DNA of the corn has been adjusted.
Global GMO Crops and Seeds Market: Key Vendors
Few key vendors that are active in this market- DOW Agrosciences LLC, Bejo Zaden BV, Groupe Limagrain Holdings Corp, DLF Seeds and Science, Land O’ Lakes Inc, Takii Seeds, Bayer Crop Science India Ltd, KWS SAAT SE, Monsanto Co., Syngenta AG, E.l. du Pont de Nemours & Co., and Canterra Seeds Holdings Ltd.
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