Global Genetically Modified Seeds Market 2016-2020

  • Published: Aug 2016
  • Pages: 67
  • SKU: IRTNTR10321

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This market research report identifies players like Bayer, DowDuPont, Groupe Limagrain, Monsanto, and Syngenta to be the key vendors in the GM seeds market. This research report also presents a detailed segmentation of the market by product (corn, soybean, cotton, canola, and others), by traits (herbicide tolerance, insect resistance, and others), and by geography (APAC, Europe, North America, and ROW).

Genetically modified (GM) seeds market

According to Technavio’s market research analysis, the global genetically modified (GM) seeds market will grow at a CAGR of almost 10% by 2020. GM seeds occupy more than 50% of the global commercial seeds market and include seeds like corn, soybean, cotton, canola, sugar beet, and wheat. These seeds have improved traits like high yields and resistance to adverse environmental conditions, pests, and herbicides. The genetically-modified seeds offer premium characteristics to increase yields, enable longer shelf life, and greater resistance to insects. The reducing size of arable land is the major growth driver for the implementation of GM crops, which will speed up the crop production process. Vendors in the market are coming up with several new GM crops which offer multiple modes of resistance to pests and diseases and increased tolerance to herbicides such as Vitamin A-enriched rice and wheat, drought tolerant maize, biofortified bananas, and pest resistant cowpea and beans.

North America will continue to dominate the market during the forecast period and is likely to occupy around 30% of the total market share by 2020. The growing adoption of biotechnology in agricultural practices is one of the latest developments in the North American market. With various advancements in GM seeds, this market has become innovative and is providing solutions to farmers for several environmental conditions like drought, salinity, and disease stress that affect the yield and production of many crops. The growing demand for GM corn and soybean seeds with HT and IR traits will help the market grow steadily in this region.

Competitive landscape and key vendors

The global GM seeds market is highly fragmented and consists of a vast number of large- and mid-sized competitors, who are focusing on advanced technological methods to produce GM seeds. The market is dominated by well-established players who compete in terms of quality, price, brand, and variety. Several players in the market are developing new production plants or acquiring existing players to increase their production capacity, which will enable them to meet the growing demand for food. The practice of sustainability is necessary for future production and is practiced by all the major vendors in the market.

Leading vendors in the market are -

  • Bayer
  • DowDuPont
  • Groupe Limagrain
  • Monsanto
  • Syngenta

Other prominent vendors in the GM seeds market include BASF, DLF Seeds and Science, Klein Wanzlebener Saatzuch (KWS), Land O' Lakes, Sakata, and Takii Seed.

Segmentation by product and analysis of the GM seeds market

  • Corn
  • Soybean
  • Cotton
  • Canola

Corn occupies around 36% share of the overall market and will dominate the market during the forecast period. The rise in the demand for corn and its production can be attributed to its increased use as a feed for livestock and in the production of ethanol. Corn’s multifaceted nature has boosted its production on the second-most acreage in the world after wheat. Farmers meet the requirements of corn by increasing the production through a combination of improving yields and adding more farmland. The segment is expected to post a CAGR of almost 10% during the forecast period.

Segmentation by trait and analysis of the GM seeds market

  • Herbicide tolerance
  • Insect resistance

The herbicide-tolerant (HT) segment dominated the GM seeds market in 2015 and accounted for around 70% of the total market share. The HT traits in GM crops provide farmers with an important tool to fight unwanted weeds and are compatible with no-till methods that help preserve the topsoil. These traits offer farmers the flexibility to use herbicides. HT traits are largely practiced in crops like corn, soybean, cotton, canola, alfalfa, wheat, and sugar beet seeds. The segment is anticipated to grow at a CAGR of around 10% by 2020, aiding to the growth of the overall market in the coming years.

 Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global GM seeds market?
  • What are the key market trends impacting the growth of the global GM seeds market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global GM seeds market?
  • What are the market opportunities and threats faced by the vendors in the global GM seeds market
  • Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
  • What are the key outcomes of the five forces analysis of the global GM seeds market?

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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