Transgenic Seeds Market Size, Share, Growth Report 2032

Market Overview

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.

Transgenic seeds refer to the genetically modified seeds that have an altered genetic material in a way that does not occur naturally. The main aim behind the production of transgenic seeds is to get the desired trait. These seeds have a vital role to play in enhancement of the crop production and safeguarding them from pests. They turn out to be a means for the improvement of return on expenditure in field of agriculture. Rise in trend of innovating genetically modified seeds and growing food security concern with the rising population is driving the transgenic seed market all over the world.

Request Free Sample

COVID-19 Impact Analysis

The outbreak of Covid-19 and the measures taken to control the pandemic has affected the agricultural sector across the globe. Seeds are starting point for agricultural production, in order for the production to start the farmers needs to receive the seeds but due to the Covid-19 pandemic there has been a halt on labor, transportation and packaging sector which are allied sector for agriculture and has resulted in delay in supply chain of seeds to farmers. There has been an unavailability of required quality and quantity of seeds across the globe. These disruptions have led to decrease in agricultural production.

Growth Factors

The rising population and the increasing demand for agricultural products are some of the key factors for the growth of the Transgenic Seeds Market. The agriculture sector is dependent on the availability of quality seeds. There are advancements in field of seed sciences and technologies that are working towards the development, processing and maintenance of transgenic seeds and are fueling the market growth.

Transgenic seeds are gaining recognition due to certain reasons, such as the production of enhanced quality agricultural products, increasing alertness among farmers regarding the rising noxious effects of the agrochemicals, rise in cost of seeds, and growing trend of crop rotation. There has been a wider adoption of advanced farming that has led to production of enhanced seed variety that result in high quality crop yield.

The increase in the cost of pesticides and fertilizers, easier residue management, and growing population and food necessities are some other factors responsible for the growth of this market. There has been an intensive investment in field of R&D undertaken by seed producers that has led to the introduction of newer seed variety with improved resistance to diseases and pests, enabling enhanced yields and quality products.

Report Scope :

Trait Segment Analysis Preview

Herbicide Tolerance segment held a share of around 35.67% in 2020 and is expected to maintain its dominance during the forecast period. This is attributable to significant threat posed by weeds to the farmers. It is of utmost importance to control weed attacks on crops. Inefficient weed control would reduce crop yield and quality. Tolerance signifies the ability plants have to withstand a particular herbicide, that allows farmers to kill weeds without harming the crops and in turns increasing the quality and quantity of agriculture production.

Most of the plants are found to be naturally tolerant to specific category of herbicides and utilizing this natural resistance broad-spectrum resistance breed in agricultural crop varieties are developed. This helps farmers to use fewer applications, making the process of killing weeds more efficient and flexible.

Crop Type Segment Analysis Preview

Maize segment is expected to grow at highest CAGR of more than 4.56% from 2020 to 2028. This is attributable to the high demand for maize. The North American region specifically US accounts for the maximum consumption of transgenic maize seeds pertaining to its herbicide tolerance and insect resistance traits. According to the Food & Drug Administration (FDA), it is estimated that more than 90% of the maize grown in North America is genetically modified.

Regional Analysis Preview

The North American region dominates the Global Transgenic Seeds Market and held a market share of more than 35.67% in 2020. The major reasons for growth in this region can be attributable to the increasing demand for a wide variety of transgenic seeds products having enhanced quality and yield of crops. Latin America is expected to grow at fast pace in the global market in the forecasted period. The US is one of the major players contributing to the market growth in this region. This region in expected to grow because of the technological advances and high investment in agricultural activities that is boosting the demand for transgenic seeds.

The Asia Pacific region is projected to grow at a CAGR of more than 16.56% over the forecast period. This is attributable to the increased food and feed demand with supportive regulations in the agricultural sector, along with provision of subsidy acceptance. This region accounts for the majority of agricultural countries that are acquiring top position in crop production.

Key Market Players & Competitive Landscape

Some of key players 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.

Key Market players are introducing new technologies such as vertical farming. It is not just responsible to have a better production but is also eliminating the use of pesticides, synthetic fertilizers and herbicides.

The Global Transgenic Seeds Market is segmented as follows:

By Trait

• Insect Resistance
• Herbicide Tolerance
• Others
  • Disease Resistance
  • Abiotic Stress Tolerance
  • Modified Product Quality

By Crop Type

• Maize
• Cotton
• Rice
• Soybean
• Canola
• Others
  • Turf
  • Vegetables & fruits
  • Forage & Ornamental crop
  • Oilseed Crops & Cereals

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa