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Transgenic seeds are genetically-modified seeds with DNA that has been altered using genetic engineering techniques, which are then used in agriculture. Genetic engineering techniques are much more precise than mutagenesis (mutation breeding), where an organism is exposed to radiation or chemicals to create a non-specific but stable change. According to the International Service for the Acquisition of Agri-Biotech Applications (ISAAA), in 2010 approximately 15 million farmers grew biotech crops in 29 countries. Over 90% of the farmers were resource-poor in developing countries. 6.5 million farmers in China and 6.3 million small farmers in India grew biotech crops (mostly Bacillus thuringiensis cotton). The Philippines, South Africa and another twelve developing countries also grew biotech crops in 2009 (biotech cotton, maize, and soybeans often grown by subsistence women farmers).
The global transgenic seeds market is witnessing significant growth owing to regulatory limits to pesticide utilization and industrial preference for high quality products. Moreover, the overall market is also being propelled by increasing cost of seeds, rates of crop rotation, and raising awareness among farmers with respect to the increasing toxicity of the agrochemicals. Furthermore, importance of transgenic seeds in feed and other industries of developing economies would further provide significant growth opportunities to this market. However, the global transgenic seeds market is hampered by stringent rules & regulations and development of resistant genes in pests.
The report analyses the global transgenic seeds market based on trait, crop type and geography.
Based on trait, the market is segmented into insect resistance (IR), herbicide tolerance (HT) and other commercial traits including modified product quality, disease resistance and abiotic stress tolerance. Traits are dependent on influence from genes, environment and management. Traits of transgenic seeds are essential for crop growth, yield enhancement, and to kill a variety of pests. Crops developed to tolerate specific herbicides allow farmers to fight weeds by applying targeted herbicides only when needed and enable them to use conservation tillage production methods that preserve topsoil, prevent erosion, and reduce carbon emissions.
In addition to this, based on various crop types, this market is categorized into corn, soybean, cotton, canola and others such as fruits & vegetables, alfalfa and other grain & oilseed crops. Genetically modified soybeans with an enhanced oil profile, much like olive oil, have been developed and are longer lasting and trans-fat free. Moreover, transgenic seeds have been used to modify potatoes and apples in order to eliminate superficial browning and bruising when the produce is cut or handled. These traits can help reduce the amount of produce thrown away by producers, processors, retailers and consumers.
By geography, the global transgenic seeds market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world regions which includes Latin America, and Middle East & Africa. North America accounted for the largest share in 2018, whereas, Latin America is the second-largest market and is also projected to grow at the highest CAGR during the forecast period. Increasing demand for new and varied transgenic seeds products with better yield of crops and quality products is propelling the market growth in this region. Existing companies are actively introducing new agricultural transgenic seed products with different traits to meet the expected yield from crops.
The leading market players of the global transgenic seeds market include Bayer Cropscience AG, Syngenta AG, Dow Chemical Company, DowDuPont, BASF SE, Vilmorin & Cie (Limagrain Group), Suntory Holdings Limited, J.R. Simplot Company, Bejo Zaden B.V. Strategies such as expansions, as well as partnerships and agreements are implemented by numerous market players to expand their R&D competences and geographic presence in the global market.
The global transgenic seeds market is segmented based on trait, crop type and geography. Based on trait, the market is segmented into insect resistance (IR), herbicide tolerance (HT) and other commercial traits including modified product quality, disease resistance and abiotic stress tolerance. Traits are dependent on influence from genes, environment and management
In addition to this, based on various crop types, this market is categorized into corn, soybean, cotton, canola and others such as fruits & vegetables, alfalfa and other grain & oilseed crops. Genetically modified soybeans with an enhanced oil profile, much like olive oil, have been developed and are longer lasting and trans-fat free.
By geography, the global transgenic seeds market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world regions which includes Latin America, and Middle East & Africa. North America accounted for the largest share in 2018, whereas, Latin America is the second-largest market and is also projected to grow at the highest CAGR during the forecast period.
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