Transgenic Seeds Market
Transgenic Seeds Market Size, Share & Industry Analysis, By Crop Type (Corn, Soybean, Cotton, Canola, Others), By Trait (Herbicide Tolerance, Insect Resistance, Combined Traits, Others), By Farm Type (Large-scale Commercial, Small-scale Subsistence), By Application (Food, Feed, Industrial), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) - Share, Size, Outlook, and Opportunity Analysis, 2024-2031.
Market Overview:
The global transgenic seeds market is projected to grow at a CAGR of 7.5% from 2024 to 2031. The market value is expected to increase from USD XX billion in 2024 to USD YY billion by 2031.
North America dominates the market, driven by early adoption of biotechnology in agriculture and supportive regulatory frameworks. Key metrics include increasing acreage under genetically modified crops, rising demand for high-yielding crop varieties, and growing investments in agricultural biotechnology research and development.
Market Dynamics:
Market Trend: Development of climate-resilient transgenic varieties
Climate-resilient crop varieties are becoming increasingly popular in the transgenic seed market. With growing concerns about climate change and its effects on agriculture, seed firms are focussing on developing transgenic cultivars that can tolerate harsh weather conditions such as drought, heat, and flooding. For example, drought-tolerant maize varieties produced by genetic alteration exhibit yield gains of 5-10% under water-stressed conditions. Over the last three years, the adoption of these climate-resilient transgenic crops has increased by 15% every year, especially in places prone to climate unpredictability. This tendency is projected to accelerate as climate change continues to threaten global food security.
Market Driver: Growing global food demand and need for increased agricultural productivity
The growing global population and increased food demand are major drivers of the transgenic seed market. With the world's population projected to exceed 9.7 billion by 2050, there is an urgent need to increase agricultural output. Transgenic crops have shown considerable yield gains over traditional cultivars. For example, GM maize varieties have increased average yields by 17% globally. Global acreage under GM crops will reach 190 million hectares in 2023, up 3% from the previous year. The usage of GM crops has resulted in a 22% increase in agricultural yields and a 37% reduction in pesticide use, helping to ensure food security and environmental sustainability.
Market Restraint: Regulatory challenges and public concerns about GM crops
Stringent restrictions and public concerns about the safety and environmental impact of genetically modified organisms (GMOs) present substantial obstacles for the transgenic seed sector. The approval procedure for new GM crop types may be lengthy and expensive, frequently taking up to 13 years and costing more than $130 million to bring a new GM trait to market. In addition, numerous governments have restricted or prohibited the growing of genetically modified crops. For example, 19 of the EU's 27 member states have decided not to cultivate genetically modified crops. Public scepticism of GM foods has resulted in obligatory labelling laws in several places, potentially affecting consumer acceptance and industry growth. These legislative barriers and public concerns have hindered the introduction of transgenic seeds in some regions, particularly in Europe and parts of Asia.
Segment Overview:
The corn segment dominates the transgenic seeds market, driven by widespread adoption in major agricultural regions and diverse trait offerings.
The maize segment dominates the transgenic seeds industry, accounting for roughly YY% of overall market value. This dominance is ascribed to the widespread adoption of genetically modified maize types in major agricultural countries, as well as the availability of numerous transgenic maize features such as insect resistance, herbicide tolerance, and drought resistance.
Global GM maize acreage reached 60.9 million hectares in 2023, accounting for 31% of total global maize cultivation. The adoption rate of genetically modified maize in the United States, the world's largest maize producer, has surpassed 90% of total acreage.
Major seed firms are constantly producing new GM maize cultivars with enhanced features. For example, a renowned agricultural biotechnology company recently introduced a new GM maize variety that combines drought tolerance, insect resistance, and herbicide tolerance, providing farmers with a holistic solution to a number of environmental concerns. Since its introduction in 2022, this new variety's adoption rates have increased by 20% year on year.
The soybean category is also expanding rapidly, notably with the introduction of novel characteristics for increased oil content and insect resistance. Genetically modified soybeans now account for 80% of global soybean agriculture, with adoption rates reaching 94% in major producing countries such as the United States and Brazil. The worldwide GM soybean market is expected to increase at an 8.5% CAGR over the next five years, propelled by rising demand for soybean-based products and the discovery of new value-added characteristics.
Regional Outlook:
North America leads the global transgenic seeds market, driven by high adoption rates and supportive regulatory environment.
North America dominates the global transgenic seed business, with over YY% of the total market share. This dominance is partly due to early adoption of genetically modified (GM) technology in agriculture, supporting legislative frameworks, and the presence of significant agricultural biotechnology corporations in the region.
The United States, the world's largest producer of GM crops, had 75 million hectares under cultivation in 2023, accounting for 40% of total GM crop area. The adoption rates for key GM crops in the United States are quite high, with GM varieties accounting for 94% of soybean acreage, 93% of corn acreage, and 96% of cotton acreage. The United States' GM agricultural regulation framework is regarded as one of the most streamlined in the world, allowing new transgenic varieties to be commercialised more quickly.
South America, particularly Brazil and Argentina, has emerged as a significant growth market for transgenic seeds. Brazil's GM crop area has increased by 3% every year over the last five years, reaching 52.8 million hectares in 2023. The adoption of herbicide-tolerant soybeans and insect-resistant maize has propelled the country to the position of world's second-largest farmer of GM crops.
Asia-Pacific has substantial market growth potential, with countries such as China and India rapidly increasing their cultivation of genetically modified crops. China, the world's largest importer of GM commodities, has approved new GM maize and soybean types for domestic production, indicating a possible shift in the country's stance on GM technology. India, which presently allows only GM cotton farming, is considering approving GM food crops, which may greatly extend the regional market.
Competitive Intelligence:
The transgenic seeds market is dominated by a small number of huge multinational corporations with substantial R&D skills, broad product portfolios, and global distribution networks that compete fiercely. These businesses compete mostly based on trait effectiveness, yield performance, and pricing.
Market leaders have made significant investments in research and development, with the top five businesses contributing an average of 10-15% of annual revenue to R&D efforts. This significant level of investment has resulted in the ongoing introduction of new transgenic varieties with better characteristics and stacking gene technology.
Mergers and acquisitions have shown to be an effective approach for market consolidation and trait portfolio growth. The industry has undergone tremendous consolidation in the last decade, with numerous high-profile mergers changing the competitive landscape.
Partnerships with public research institutions, as well as cooperation with other biotechnology corporations, have been critical in generating novel traits and expanding into new industries. Several major seed corporations have signed research agreements with universities and government agencies to speed up the creation of novel transgenic features, notably those addressing climate change and enhancing nutritional content.
The market has also witnessed more competition from regional seed companies in growing regions, particularly Asia and Africa. These firms are producing regionally adapted transgenic variants, challenging global corporations' supremacy in their native markets.
Analyst Opinion:
The transgenic seed business is at a crossroads, balancing the demand for enhanced agricultural productivity against growing concerns about environmental sustainability and biodiversity. One unique trend is the development of "smart" transgenic crops that can respond to changing environmental conditions in real time. Some inventive firms are investigating the use of CRISPR gene-editing technology to develop crops with inducible features that may be triggered or deactivated in response to certain environmental triggers. This method could transform agriculture by allowing crops to respond dynamically to stressors like as drought or pest infestations, thus lowering the requirement for external inputs while increasing yields.
Another important development is the increased emphasis on consumer-friendly features in transgenic crops. While the original generation of GM crops was largely concerned with agronomic qualities such as herbicide tolerance and insect resistance, there is currently a trend towards generating crops with improved nutritional profiles, flavour, and shelf life. This practice may help address some of the public's concerns about GM technology by providing actual benefits directly to consumers. We believe that these "second-generation" GM crops will play an important role in boosting world nutrition and decreasing food waste in the future years.
Major Players:
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Bayer AG (Monsanto)
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Corteva Agriscience
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Syngenta Group (ChemChina)
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BASF SE
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KWS SAAT SE & Co. KGaA
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DLF Seeds A/S
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Limagrain
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Sakata Seed Corporation
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Takii & Co., Ltd.
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Land O'Lakes, Inc.
Key Developments:
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In July 2023, Bayer AG introduced a new drought-tolerant maize variety with increased yield stability under water-stressed conditions, aimed for climate change-affected regions.
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October 2023: Corteva Agriscience collaborated with a major CRISPR technology business to create next-generation gene-edited crops with improved disease resistance and nutritional characteristics.
1. INTRODUCTION
1.1. Market Definitions & Study Assumptions
1.2. Market Research Scope & Segment
1.3. Research Methodology
2. EXECUTIVE SUMMARY
2.1. Market Overview & Insights
2.2. Segment Outlook
2.3. Region Outlook
3. COMPETITIVE INTELLIGENCE
3.1. Companies Financial Position
3.2. Company Benchmarking -- Key Players
3.3. Market Share Analysis -- Key Companies
3.4. Recent Companies Key Activities
3.5. Pricing Analysis
3.6. SWOT Analysis
4. COMPANY PROFILES (Key Companies list by Country) (Premium)
5. COMPANY PROFILES
5.1. Bayer AG (Monsanto)
5.2. Corteva Agriscience
5.3. Syngenta Group (ChemChina)
5.4. BASF SE
5.5. KWS SAAT SE & Co. KGaA
5.6. DLF Seeds A/S
5.7. Limagrain
5.8. Sakata Seed Corporation
5.9. Takii & Co., Ltd.
5.10. Land O'Lakes, Inc. (*LIST NOT EXHAUSTIVE)
6. MARKET DYNAMICS
6.1. Market Trends
6.1.1. Development of climate-resilient transgenic varieties
6.1.2. Creation of "smart" transgenic crops with inducible traits
6.1.3. Increasing focus on consumer-oriented traits in transgenic crops
6.2. Market Drivers
6.2.1. Growing global food demand and need for increased agricultural productivity
6.2.2. Adoption of GM crops for improved pest and disease resistance
6.2.3. Rising investments in agricultural biotechnology research
6.3. Market Restraints
6.3.1. Regulatory challenges and public concerns about GM crops
6.3.2. Competition from alternative agricultural technologies
6.4. Market Opportunities
6.5. Porter's Five Forces Analysis
6.5.1. Threat of New Entrants
6.5.2. Bargaining Power of Buyers/Consumers
6.5.3. Bargaining Power of Suppliers
6.5.4. Threat of Substitute Products
6.5.5. Intensity of Competitive Rivalry
6.6. Supply Chain Analysis
6.7. Value Chain Analysis
6.8. Trade Analysis
6.9. Pricing Analysis
6.10. Regulatory Analysis
6.11. Patent Analysis
6.12. SWOT Analysis
6.13. PESTLE Analysis
7. BY CROP TYPE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
7.1. Corn
7.2. Soybean
7.3. Cotton
7.4. Canola
7.5. Others
8. BY TRAIT (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
8.1. Herbicide Tolerance
8.2. Insect Resistance
8.3. Combined Traits
8.4. Others
9. BY FARM TYPE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
9.1. Large-scale Commercial
9.2. Small-scale Subsistence
10. BY APPLICATION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
10.1. Food
10.2. Feed
10.3. Industrial
11. REGION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
11.1. North America
11.1.1. United States
11.1.2. Canada
11.1.3. Mexico
11.2. South America
11.2.1. Brazil
11.2.2. Argentina
11.2.3. Rest of South America
11.3. Europe
11.3.1. Germany
11.3.2. United Kingdom
11.3.3. France
11.3.4. Italy
11.3.5. Spain
11.3.6. Russia
11.3.7. Rest of Europe
11.4. Asia-Pacific
11.4.1. China
11.4.2. Japan
11.4.3. India
11.4.4. Australia
11.4.5. South Korea
11.4.6. Rest of Asia-Pacific
11.5. Middle-East
11.5.1. UAE
11.5.2. Saudi Arabia
11.5.3. Turkey
11.5.4. Rest of Middle East
11.6. Africa
11.6.1. South Africa
11.6.2. Egypt
11.6.3. Rest of Africa
*NOTE: All the regions mentioned in the scope will be provided with (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
Transgenic Seeds Market Segmentation:
By Crop Type:
Corn
Soybean
Cotton
Canola
Others
By Trait:
Herbicide Tolerance
Insect Resistance
Combined Traits
Others
By Farm Type:
Large-scale
Commercial
Small-scale
Subsistence
By Application:
Food
Feed
Industrial
By Region:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
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