23-Nov-2021 | Zion Market Research
Major companies in Global Transgenic Seeds Market are Suntory Holdings Ltd., E.I. du Pont de Nemours & Company, Dow AgroSciences LLC, and Syngenta AG. The other key players in the market are Bayer CropScience AG, Monsanto, BASF SE, and Vilmorin & Cie SA.
According to analysts at Zion Market Research, the Global Transgenic Seeds Market accounted for more than USD 28.14 Billion in 2020 and is expected to reach more than USD 77.48 Billion by 2028, growing at a CAGR of more than 13.5% from 2021 to 2028.
This review is based on a report by Zion Market Research, titled “Global Transgenic Seeds Market by Trait (Insect Resistance, Herbicide Tolerance and others), by Crop Type (Maize, Cotton, Rice, Soybean, Canola and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2021 – 2028.”
Rising population and increasing food necessities to Spur Growth
The major factors responsible for propelling the growth of the Global Transgenic Seeds Market include the increase in the cost of pesticides and fertilizers, easier residue management, and growing worldwide population and food necessities. Transgenic seeds are gaining recognition owing to their various reasons, such as the production of better-quality agricultural products, increasing alertness among farmers regarding the rising noxious effects of the agrochemicals, rising cost of seeds, and growing frequency of crop rotation. Besides, high endeavour for yield upsurge globally is inclining the farmers to implement transgenic seeds.
Increasing demand for varied and new transgenic seed products to Support Growth
North America is expected to dominate the Global Transgenic Seeds Market in the coming future. The growth of the global market in this region can be attributed to the increasing demand for varied and new transgenic seeds products with enhanced quality products and yield of crops. Latin America is also anticipated to grow in the global market at a fast pace in the near future.
Browse the full “Global Transgenic Seeds Market By Trait (Insect Resistance, Herbicide Tolerance and others) and By Crop Type (Maize, Cotton, Rice, Soybean, Canola and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2021 – 2028.” Report at https://www.zionmarketresearch.com/report/transgenic-seeds-market
The Global Transgenic Seeds Market is segmented as follows:
By Crop Type
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