The
global biotech
seeds market is subject to witness a substantial growth due to the
growing need for improving overall agriculture productivity to sustain
ever-growing population across the globe. Biotech seeds offer higher resistance
to insects and fungicides, thus driving market demand in the past few years.
Incorporation of biotechnologies in agriculture sector such as seed enhancement
technologies is expected to favor market growth over the forecast period.
Seed
enhancement technology has led to development of biotech seeds, which are
gaining widespread attention for their capability to confer greater disease
resistance in seeds. Biotech seeds enhances seed vigor, thus modifying seed
emergence capabilities. Globally, market is anticipated to grow at a CAGR of
9.87% in the forecast period, providing numerous opportunities for market
players to invest for research and development in the biotech seeds market.
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Use
of biotech seeds offer advantages such as higher nutritional content, higher
yield and improved quality of crops. Above-mentioned factors are expected to
fuel market demand over the forecast period. Furthermore, higher approval rate
from regional as well as international authorities regarding use of biotech
seeds is predicted to favor market expansion across the globe. Increasing
adoption of biotech seeds from Asia Pacific region, particularly in developing
economies such as India & China for improving overall agriculture yield to
sustain ever-growing population is projected to stimulate market growth over
the next seven years.
Furthermore,
increased number of patents granted by India & China in biotech technology
is immensely contributing to market growth in the region over the past few
years. Growing importance towards improvements in quality of seeds for
incorporating various production methods and crop protection strategies is
estimated to drive market expansion over the next seven years. Biotech seeds
not only serves as delivery mechanism for plants but also enhances plant
genetics.
The
market is divided by region as North America, Europe, Asia-Pacific, Latin
America and Africa. North America has shown major growth in recent years owing
to the rise in the implementation of latest technologies, favorable laws &
regulation associated with the use of biotech seeds, higher approval rate, rise
in the level of awareness among farmers, increase in the number of research
& development activities in the region and existence of well-established
infrastructure.
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Market Segment:
This report focuses on the top
manufacturer's Biotech Seeds capacity, production, value, price and market
share of Biotech Seeds in global market. The following manufacturers are
covered in this report:
•
Bayer
•
DowDuPont
•
KWS SAAT
•
Limagrain
•
Syngenta
Biotech Seeds Breakdown Data by Type
•
Herbicide Tolerance
•
Insect Resistance
•
Others
Biotech Seeds Breakdown Data by
Application
•
Corn
•
Soybean
•
Cotton
•
Canola
•
Others
Biotech Seeds Production Breakdown Data
by Region
•
United States
•
Europe
•
China
•
Japan
•
Other Regions
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