GMO Crops and Seeds Market To Reach US,653.2 mn by 2022
The global GMO crops and seeds market displays a highly fragmented vendor landscape with
a wide range of medium and large scale companies trying to expand their revenue share,
reports Transparency Market Research (TMR). Some of the major players in the market
include Syngenta AG, KWS SAAT SE, Bayer Crop Science India Ltd, Land O’ Lakes Inc.,
and Land O’ Lakes Inc. These companies are engaging in research and developments
activities and leveraging technology to expand their frontiers globally. Moreover, they are
emphasizing on increasing their production in order to expand their frontiers in the GMO
crops and seeds market.
As per expert analysts, the global GMO crops and seeds market is prophesized to grow
moderately from 2017 to 2022. The market is expected to value at US,653.2 by the end of the
forecast period growing at a CAGR of 8.3%.
The global GMO crops and seeds market is segmented based on crop type, trait, sales
channel, and region. In terms of crop type, the segment of corn is expected to lead the market
during the forecast period which is 2017 to 2022. This segment accounted for 37.8 % of the
market’s share in 2017 owing to its use as an insecticide.
On the basis of geography, North America is expected to dominate the global GMO crops
and seeds market and is perceived to retain its position throughout the forecast period. This
region is expected to burgeon at an excellent CAGR of 7.6% during the forecast period.
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Rising Need for Crop Production to Steer Growth
In recent times, there has been a tremendous rise in the global population. This has led to a
rise in demand for crop production. However, the conventional agricultural methods are not
enough to meet the growing demand; this has cropped the need for alternate methods of crop
production. As a result, the demand for GMO seeds has increased, thus expediting the