The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Market Size and Growth Rate

• The transgenic seeds market has experienced rapid expansion.
• It grew from $44.02 billion in 2023 to $50.24 billion in 2024, with a CAGR of 14.1%.
• Key growth drivers include increased construction activities, awareness towards environmental impact, and advancements in turf management.

Forecast and Future Projections

• Expected to reach $81.16 billion by 2028, growing at a CAGR of 12.7%.
• Future growth is driven by climate change challenges, sustainable landscaping trends, and urban greening initiatives.

Rising Agricultural Productivity Fuels Growth

Increasing Crop Yields

• Transgenic seeds are vital for enhancing agricultural productivity.
• They help produce more food with fewer resources, leading to increased profits for farmers.
• Example: In 2021, Europe saw a 4.2% increase in grain production, totaling 297.5 million metric tons.

Global Agricultural Trends

• Global primary crop production increased by 2% in 2021, reaching 9.5 billion tons.
• These trends highlight the importance of transgenic seeds in meeting rising food demands.

Innovative Products Drive Market Growth

Focus on Product Innovation

• Companies are developing innovative transgenic seeds to stay competitive.
• Example: Corteva Inc. launched Conkesta E3, a genetically modified soybean seed, offering extensive insect protection and superior weed control.

Impact of Innovations

• Such innovations increase crop production efficiency and provide farmers with more robust crop protection solutions.

Read The Full Transgenic Seeds Market Report Here:
https://www.thebusinessresearchcompany.com/report/transgenic-seeds-global-market-report

Strategic Mergers and Acquisitions

IFF and DuPont Merger

• In February 2021, International Flavors and Fragrances (IFF) Inc. merged with DuPont’s Nutrition and Biosciences Business.
• The $7.3 billion merger aims to create a leading ingredient and solution provider across various markets.

Market Implications

• The merger enhances strategic focus and strengthens the combined company’s market position in genetically modified seeds and products.

Market Segmentation

By Type

• Farmland
• Greenhouse

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

Regional Insights

North America’s Leadership

• North America was the largest region in the transgenic seeds market in 2023.
• The region’s dominance is due to advanced agricultural practices and significant investments in biotechnology.

Major Companies in the Transgenic Seeds Market

Leading Players

• BASF SE
• DuPont de Nemours Inc.
• Syngenta AG
• Vilmorin And Cie SA
• Bayer AG
• The Monsanto Company
• Maharashtra Hybrid Seeds Company Private Limited
• JK Agri Genetics Ltd.
• Bejo Zaden B.V.
• Groupe Limagrain
• Kaveri Seed Company Ltd.
• Land O Lakes Inc.
• Calyxt Inc.
• Beijing Dabeinong Technology Group Co. Ltd.
• Sakata Seed Corporation
• Takii & Co. Ltd.
• Enza Zaden B.V.
• KWS SAAT SE & Co. KGaA
• DLF Seeds A/S
• Advanta Limited
• Nufarm Limited
• Origin Agritech Limited
• China National Chemical Corporation
• Hefei Fengle Seed Co. Ltd.
• Anhui Huaxing Chemical Industry Co. Ltd.

Market Influence

• These companies drive innovation and growth in the transgenic seeds market through strategic initiatives and advanced product offerings.

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The Transgenic Seeds Global Market Report 2024  provides an overview of the transgenic seeds market 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 and their market positions.

Explore Similar Reports From The Business Research Company:
Commercial Seeds Global Market Report 2024
Forage Seeds Global Market Report 2024
Hybrid Seeds Global Market Report 2024

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