DALLAS, June 22, 2015 /PRNewswire/ --
The report "Transgenic Seeds Market by Trait (Herbicide Tolerance, Insecticide Resistance), Crops (Corn, Soybean, Cotton, Canola, others), and by Region - Global Trends & Forecast to 2020", published by MarketsandMarkets, The market for Transgenic Seeds is projected to reach $35.2 Billion by 2020, at a CAGR of 12.3%.
Browse 66 market data Tables and 94 Figures spread through 222 Pages and in-depth TOC on "Transgenic Seeds Market"
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The market report defines and segments the transgenic seeds market with analyses and projections of the size of the market. It also identifies the driving and restraining factors of the market with analyses of trends, opportunities, burning issues, and challenges. The market is segmented and the value is projected, on the basis of regions such as North America, Europe, Asia-Pacific, Latin America, and Rest of the World (RoW). Key countries the U.S., Spain, Brazil, Argentina, India, and China-are covered and their market is projected for the next five years. The market size is projected on the basis of trait, crop type, and region. The market for transgenic seeds has a significant impact on crop production
The market for transgenic seeds is projected to reach $35.2 Billion by 2020, at a CAGR of 12.3%.
The value of the transgenic seeds market was estimated at $17.58 Billion in 2014. In this report, the transgenic seeds market is segmented on the basis of trait, crop type, and region and is analyzed in terms of value ($million).
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Herbicide-tolerant transgenic seeds: Largest market segment
The herbicide-tolerant transgenic seed accounted for the largest share and was followed by the insecticides resistant segment in 2014. All traits of transgenic seeds considered for this study are essential for crop growth, yield enhancement, and to kill a variety of pests. In the same year, North America accounted for the largest share of the herbicide-tolerant segment. Europe contributed the second-largest share.
Transgenic Seeds Market, by crop type
The Transgenic Seeds Market consists of five crops: corn, soybean, cotton, canola, and others that include fruits & vegetables, turf, ornamental & forage crop, and other cereals & oilseed crops. The demand for transgenic corn seeds accounted for the largest share in 2014, and was followed by the soybean and cotton in the same year. For corn, North America was the largest market for transgenic seeds in 2014; 90% corn production in North America is based on transgenic seeds.
The demand for new and varied transgenic seeds products with better yield of crops and quality products is increasing in the market. Leading companies are engaging in the production of transgenic seeds on a global scale, because it is considered to be a growing market in the agriculture industry. Existing companies are actively introducing new agricultural transgenic seed products with different traits to meet the expected yield from crops.
Companies such as Monsanto (U.S.), E.I. du Pont de Nemours & Company (U.S.), Syngenta AG (Switzerland), Vilmorin & Cie SA (France), Bayer CropScience AG (Germany), BASF SE (Germany), Dow AgroSciences LLC (U.S.) and Suntory Holdings Ltd. (Japan) are the key players of the Transgenic Seeds Market. These companies use various strategies to make their products unique, pest- and crop-specific, and to increase agricultural production by minimizing crop loss.
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