Genetically Modified Seeds Market 2023 : Outlook and Forecast 2028

Newest Research on “Genetically Modified Seeds Market” – Forecast by Top Regions 2023-2028

Genetically modification (GM) of seeds involves the modification of DNA of natural seeds, in order to increase tolerance against pests and herbicides, with the help of genetic engineering methods such as gene gun and agrobacterium tumefaciens. It also aids in improving the yield of the crop. Genetically modified seeds are gaining popularity over conventional seeds, owing to factors such as longer shelf life, improved yields, enhanced nutritional values, and capacity to sustain against climatic changes.
Report Overview
Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Genetically Modified Seeds estimated at USD 25800 million in the year 2022, is projected to reach a revised size of USD 37410 million by 2028, growing at a CAGR of 6.4% during the forecast period 2022-2028.
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.

Major Product Types of Genetically Modified Seeds covered are: