GMO Crops and Seeds Market To Increase at Steady Growth Rate

Global GMO Crops and Seeds Market: Overview

Genetically modified (GMO) crops and seeds offer a host of advantages of which advantages of increased agricultural productivity and reduced need of environmentally harmful pesticides are prominent ones. The reduced availability of arable land is leading to the use of GMO crops and seeds to speed up crop production.

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GMO seeds offer premium characteristics to increase agricultural output, enable longer shelf life, and offer greater resistance to insects. Manufacturers of GMO crops and seeds are developing new GM crops that not only offer resistance to pests and diseases, but also offer increased tolerance to herbicides such as vitamin A-fortified rice and wheat, pesticides such as cowpea and beans, and drought tolerant biofortified bananas and maize.

GMO crops and seeds are not proven to be harmful to humans, but research suggests that modified crops may negatively impact food chains and the environment. These factors have led to a mixed response among farmers about the adoption of GMO crops and seeds.

GMO crops may pose health hazards that range from toxicity to increased risk of allergies, however, regulations in place to ensure adequate safety of GM technologies go too far.

Global GMO Crops and Seeds Market: Market Segmentation

In this report, the global GMO crops and seeds market is studied on the basis of crop type, trait, sales channel, and geography. On the basis of crop type, the global GMO crops and seeds market is classified into corn, soyabean, cotton, alfalfa, sugar beets, zucchini, papaya, potato, apple and others. Corn represents the leading crop type segment in the global GMO crops and seeds market. This is because large volume of corn produced in developed countries is genetically modified, which is further engineered to produce a soil bacterium which is an effective insecticide.

In terms of trait, the segments of the global GMO crops and seeds market are herbicide tolerance, insect tolerance, and other traits. On the basis of sales channel, direct sales, modern trade, e-retailers, and other retail outlets are the segments that divide the global GMO crops and seeds market in this report.

The report divides the global GMO crops and seeds market into the regions of North America, Europe, Latin America, Asia Pacific except Japan, Japan, and the Middle East and Africa.

On the basis of geography, North America tops among other regional markets for GMO crops and seeds vis-à-vis revenue. The regional market of North America is expected to expand at a significant growth rate over the 2017- 2022 forecast period and continue to remain the most attractive regional market.

However, Europe is expected to surpass in terms of growth rate for the forecast period between 2017 and 2022.

Global GMO Crops and Seeds Market: Competitive Analysis

The report profiles leading players for GMO crops and seeds for their distinguishing business attributes and provides market share analysis of key players partaking in the global GMO crops and seeds market. Some of the leading players in the global GMO crops and seeds market are BASF SE, DOW Agrosciences LLC, KWS SAAT SE, Monsanto Co., Syngenta AG, E.l. du Poant de Nemours & Co, Bejo Zaden BV, DLF Seeds and Science, Bayer Crop Science India Ltd, Groupe Limagrain, Land O’ Lakes Inc., Sakata Seed Corp, Takii Sedds, Agreliant Genetics LLC, and Canterra Seeds Holdings Ltd.

GMO Crops and Seeds Market Globally Expected to Drive Growth through 2022

GMO Crops and Seeds Market: Overview

Genetically modified (GM) crops and seeds are gathering attention as a significant step for increasing agricultural output. Traditionally, the agriculture industry has been supportive of technological advancement especially in areas of genetic crop improvement. The mixing of genetic traits of seeds naturally has been a practice that the agricultural industry has been following for decades in the search to develop robust varieties. However, the modification method used with GM seeds varies from traditional method, wherein the genes are not modified over generations of cross-fertilization, but rather directly inserted into the DNA of the seed.

According to Transparency Market Research, the global GMO crops and seeds market is likely to reach a valuation of US$36,653.2 mn by the end of 2022, expanding at a CAGR of 8.3% for the 2017-2022 forecast period.

Use of Genetically Modified Corn as Insecticide Accounts for Large Volume Production in U.S.

The GMO crops and seeds market is likely to benefit due to the use of genetically modified crops as an effective insecticide. In the U.S., eighty-five percent of corn produced is genetically modified, as per the Center for Food Safety. Large volume of genetically modified corn is engineered to produce a soil bacterium called bacillus thuringiensis (Bt), which is an effective insecticide. This accounts for dominance of corn among other genetically modified crops.

Bt corn that is created by inserting a gene into the DNA of the plant reduces the need of a broad spectrum of insecticides. Most pesticides that are used on crops to kill all insects, including the ones that are harmless and beneficial to plant growth. On the other hand, Bt acts only on insects that are susceptible to the toxin and only destroys insects that have ingested Bt corn.

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Health and Safety Concerns Associated with GM Crops

The safety of genetically modified crop is a serious consideration among researchers around the world. While the reduced usage of pesticide is favorable for human health, the health implications of genetically modified crops are not yet fully understood. As per the Center for Food Safety, Bt corn can trigger an allergic response as the actual DNA of the corn has been altered.

Environmental Impact of GM Crops

The use of genetically modified crops has an environmental upside. For instance, Bt corn helps protect beneficial insects such as honey bees from harmful pesticides. Genetically modified crops have been associated with contamination of other crops. This makes organic farming difficult where genetic modifications are not allowed. For example, cross pollination has already led to elimination of large varieties of heirloom corn. Genetically modified crops pose a threat to aquatic life as well. For example, the toxin released by Bt corn, which kills crop-destroying insects, if mixed with nearby stream can have a negative impact on aquatic life.

North America to Continue to Remain Attractive Region for GM Crops and Seeds

Geography-wise, North America holds supremacy in the global GMO crops and seeds market and the trend is expected to continue over the 2017-2022 forecast period. However, Europe is expected to surpass in terms of growth rate over the aforementioned forecast period. Asia Pacific except Japan also stands as a key regional market for GM crops and seeds.

GM Crops and Seeds Market: Competitive Dynamics

Leading players in the global GM crops and seeds market are BASF SE, Bayer Crop Science India Ltd, DOW Agrosciences LLC, Groupe Limagrain Holdings Corp, KWS SAAT SE, Land O’ Lakes Inc, Monsanto Co., Sakata Seed Corp, Syngenta AG, Takii Seeds, E.l. du Pont de Nemours & Co, Agreliant Genetics LLC, Bejo Zaden BV, Canterra Seeds Holdings Ltd, and DLF Seeds and Science.

Global GMO Crops and Seeds Market Driven by Leap in Agricultural Practices

Genetically modified (GM) crops and seeds are a significant leap in modern practices of agricultural production. GM crops and seeds have been modified to display specific characteristics such as resistance to pests and tolerance to herbicides and have the capacity to address weather fluctuations and other challenges in the production of agricultural crops. The development of GM crops and seeds involves modifying the DNA using genetic engineering methods with the objective to introduce a new trait which does not occur naturally in the species.

The reaction of farmers to the new variant of seeds and crops has been mixed. While some farmers have been receptive about genetic crop improvement, others have been mindful of the controversy surrounding GM products related to health and environmental impacts.

According to Transparency Market Research, the global GMO crops and seeds market will display moderate growth for the forecast period between 2017 and 2022. Vis-à-vis revenue, the global GMO crops and seeds market is expected to be worth US$36,653.2 mn by the end of 2022 expanding at a CAGR of 8.3% between 2017 and 2022. The research report presents detailed insights how the global GMO crops and seeds market is expected to tread until the end of 2022.

Key Insights on GMO Crops and Seeds Market

1. Among the key segments based on crop type, corn accounts for a significant share iofthe global GMO crops and seeds market. The corn crop type segment was valued at US$9,293.1 mn in 2017 that represented 37.8% of the market in the same year. Expanding at a CAGR of 8.2% between 2017 and 2022, the corn crop type segment is expected to display declined share over the forecast period. The segment is expected to attain a value of US$13,776.1 mn by the end of 2022 to represent 37.6% of the market.
2. The year on year growth of the corn segment in absolute value is US$896.6 mn which is larger than any other crop type segment.
3. North America stood as the leading regional market for GMO crops and seeds and the trend is expected to continue over the forecast period. Expanding at an attractive CAGR of 7.6% between 2017 and 2022, the region is anticipated to attain a value of US$13,948.8 mn by the end of 2022 from US$9,649.5 mn in 2017.
4. Europe is expected to display a significant CAGR of 9.2% over the forecast period between 2017 and 2022. At this rate, the region is expected to attain a valuation of US$11,226.3 mn by the end of 2022.
5. The regional segment of Asia Pacific except Japan (APEJ) accounts for a substantial revenue contribution to the global GMO crops and seeds market. Expanding at a CAGR of 7.6% over the forecast period between 2017 and 2022, the region is anticipated to reach a valuation of US$5,113.3 mn by the end of 2022. Japan GMO crops and seeds market is anticipated to present an opportunity of US$773.5 mn between 2017 and 2022.
6. The Middle East and Africa GMO crops and seeds market is projected to be worth US$1,193.8 mn by the end of 2022, expanding at a CAGR of 7.4% between 2017 and 2022.

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Competitive Dynamics

The report profiles key companies that have significant presence in the global GMO crops and seeds market, which include BASF SE, Bayer Crop Science India Ltd, DOW Agrosciences LLC, Groupe Limagrain Holdings Corp, KWS SAAT SE, Land O’ Lakes Inc, Monsanto Co., Sakata Seed Corp, Syngenta AG, Takii Seeds, E.l. du Pont de Nemours & Co, Agreliant Genetics LLC, Bejo Zaden BV, Canterra Seeds Holdings Ltd, and DLF Seeds and Science.

The report includes an evaluation of stakeholder winning strategies by segmenting the global GMO crops and seeds market as below:

GMO Crops and Seeds Market, Crop Type

• Corn
• Soyabean
• Cotton
• Alfalfa
• Sugar Beets
• Zucchini
• Papaya
• Potato
• Apple

GMO Crops and Seeds Market, Trait

• Herbicide Tolerance
• Insect Tolerance

GMO Crops and Seeds Market, Sales Channel

• Direct Sales
• Modern Trade
• E-retailers
• Other Retail Outlets

GMO Crops and Seeds Market, By Region

• North America
• Latin America
• Europe
• Asia Pacific except Japan
• Japan
• Middle East and Africa