Genetic modification
(GM) is the advanced technology, in which new traits are introduced into an
organism by manipulating its genetic makeup and changes its genetic properties
in laboratory. In genetic modification process various techniques are used such
as gene splicing, gene silencing and a use of viral carrier. The growing
adoption of genetic modification in agricultural practices is one of the
leading application, resulted in the genetically modified seeds and crops. The
genetically modified seeds are beneficial over conventional seeds as they
increases the yields grown on the same or less acreage, reduce the crop damage
from weeds, diseases and insects and potentially improve the nutritional value
or other health benefits. Due to various research and innovations in seeds
using genetic modifications, it provides the solutions to the farmers for
several environmental conditions such as salinity, drought and disease stress
which experienced the boost to the genetically modified seed demand.
The global genetically
modified seed market has anticipated to register the significant growth
over the forecast period due to rise in adoption of biofuels, made up of
genetically modified energy crops such as wheat, soybean, sugarcane, and corn
which drives the growth of the global genetically modified seeds market. The
governments of different countries from developing countries such APAC and
Africa are also encouraging farmers to use the genetically modified seeds over
the conventional seeds to increase the yield of crop which also drives the
growth of the global genetically modified seed market.
However, the major
global genetically modified seed market has contributed by the few leading
players, which monopolize the seed market, escalate seed prices and eliminate
farmer choice of the seed which may hamper the growth of the market.
Increased demand for
oleo-chemicals from the genetically modified seeds will be a key trend for
market growth due to various industries are shifting to oleo-chemicals over
petrochemicals for their end use as oleo-chemical has cheaper cost and
eco-friendly nature.
The global genetically
modified seed market is segmented on the basis of the product type, by trait
and geographical region.
On the basis of
product type, the global genetically modified seed market has segmented into:
·
Corn
·
Soybean
·
Cotton
·
Canola
·
Other
On the basis of
product type, the global genetically modified seed market has segmented into:
·
Herbicide tolerance
·
Insect resistance
In terms of geography,
the genetically modified seed market has been divided into five key regions,
including North America, Latin America, Europe, Asia-Pacific (APAC) and Middle
East & Africa (MEA). The global genetically modified seed market has
expected to register moderate growth over the forecast period. North America
has contributed the leading share to the global genetically modified seed
market due to the growing demand from farmers and awareness about the benefits
of genetically modified seeds. North America followed by Europe is also growing
at a moderate growth and expected to register the significance CAGR over the forecast
period. APAC and MEA is at a nascent stage, though expected to register a
healthy growth over the forecast period due to increasing awareness and need of
more crop yield to fulfil the demand of food in the region.
Get more Information: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=15404
Some of the key
players of the global genetically modified seed market are Monsanto, DuPont,
Syngenta, Groupe Limagrain, Land O’ Lakes, KWS AG, Bayer Crop Science, Sakata,
DLF-Trifolium and Takii. Various global companies are contributing significant
growth to the global genetically modified seed market. The key players from
North America and Europe has contributed a major share to the global
genetically modified seed market in terms of value and volume.
Over all the global
genetically modified seed market has expected to register a moderate growth
over the forecast period.
The report offers a
comprehensive evaluation of the market. It does so via in-depth qualitative
insights, historical data, and verifiable projections about market size. The
projections featured in the report have been derived using proven research
methodologies and assumptions. By doing so, the research report serves as a
repository of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and applications.
No comments:
Post a Comment