The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increasing agricultural productivity is likely to promote innovation in the production of transgenic seeds, propelling the market during the forecast period.

The global transgenic seeds market is expected to grow from $38.54 billion in 2022 to $44.02 billion in 2023 at a compound annual growth rate (CAGR) of 14.2%. The global transgenic seeds market size is expected to reach $71.99 billion in 2027 at a CAGR of 13%.

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 Global Transgenic Seeds Market Segments Include:

• By Type: Farmland, Green House
• By Trait: Herbicide Tolerance, Insect- Resistance, Other Traits
• By Crop: Maize, Cotton, Rice, Soybean, Canola, Other Crops
• By End -User: Insect Resistance, Herbicide Tolerance, Virus Resistance, Altered Oil Composition, Delayed Fruit Ripening, Male Sterility And Restorer System
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global transgenic seeds market in 2021.

Major Market Players in the transgenic seeds market include BASF SE, DuPont de Nemours Inc., Syngenta AG, Vilmorin And Cie SA, Bayer AG, Monsanto, Maharashtra Hybrid Seeds Company Private Limited, JK Agri Genetics Ltd., Bejo Zaden B.V.

Product innovation is a prominent trend in the transgenic seed business. To increase their market position, major players in the transgenic seed market are focusing on generating unique goods. For example, Corteva Inc., a US-based agriculture company, will launch Conkesta E3, a genetically modified soybean seed, for Brazilian farmers in August 2021. The European Union Commission recently granted it permission. As part of the Enlist weed control system, Conkesta E3 soybeans have good genetics and significant lepidopteran insect protection, providing maximum flexibility and exceptional control of broadleaf weeds and grasses. It also improves agricultural production efficiency.

The Transgenic Seeds Global Market Report 2023  provides a transgenic seeds market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The transgenic seeds market forecast analyzes transgenic seeds market size, transgenic seeds market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Transgenic seed, often known as genetically modified seed, is a plant seed whose genetic composition has been altered using procedures other than those employed in standard plant breeding to create seed containing selected genes from other plants. It is used to breed plants with desirable characteristics and higher yields.

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