The future of the global genetically modified seed market looks promising with opportunities in the corn, soybean, cotton, and canola segments. The global genetically modified seed market is expected to reach an estimated $43.57 billion by 2022 and is forecast to grow at a CAGR of 9.8% from 2017 to 2022. The major growth drivers for this market are increasing global population and food requirements, rising demand for animal feed, and rising adoption of bio-fuels and oleo-chemicals.
Emerging trends, which have a direct impact on the dynamics of the genetically modified seed industry, include the increasing adoption of biotech drought-tolerant crops and growing demand for high yield crops.
On the basis of its comprehensive research, the researcher forecasts that the corn seed is expected to remain the largest segment due to increase in demand of bio-fuels, growth in demand of food and feed, and increase ethanol production. The report predicts that the demand for soybean is likely to experience the highest growth in the forecast period supported by increasing demand for soybean oil, oleo-chemicals, and livestock feed.
Within the global genetically modified seed market, the herbicide tolerance segment is expected to remain the largest market by trait type because it offers flexibility to use herbicides, fight against unwanted weeds, and lowers the cost of herbicides used in agriculture. These properties of herbicide tolerance have presented sound opportunities for genetically modified seed in the corn and soybean segment, which will spur growth for this segment over the forecast period.
E. I. du Pont de Nemours and Company
Monsanto Company Inc.
The Dow Chemical Company
Key Topics Covered:
1. Executive Summary
2. Global Genetically Modified Seed Market Dynamics
3. Market Trends and Forecast Analysis from 2011 to 2022