Global GM Crops Market was valued at USD 1.03 Billion in 2022 and is projected to reach USD 1.50 Billion by 2030, growing at a CAGR of 4.67% from 2024 to 2030.
The GM Crops Market has been a subject of intense debate and growth over the past few decades, with the global agricultural landscape rapidly shifting due to biotechnology. Genetically modified (GM) crops, specifically engineered to resist pests, tolerate herbicides, or withstand extreme environmental conditions, are gaining momentum in both developed and emerging economies. A significant driver of the GM crops market is the increasing demand for food security in the face of rising global populations, climate change, and shrinking arable land. As of recent reports, GM crops are grown in over 29 countries, including the United States, Brazil, and India, with an estimated 190 million hectares of land devoted to their cultivation. GM crops are not only helping boost agricultural productivity but are also playing a crucial role in improving crop yields and reducing the reliance on chemical pesticides. This is particularly crucial for farmers in regions that face challenges from pests and droughts. For instance, Bt cotton, a type of GM crop designed to resist insect pests, has been widely adopted, resulting in higher yields and reduced pesticide usage. Moreover, with technological advances in gene editing tools like CRISPR, the GM crops market is expected to further expand, as these tools allow for more precise and targeted modifications, reducing potential unintended side effects. Yet, the adoption of GM crops is not without controversy. Concerns regarding their environmental impact, long-term health effects, and market monopolization by large corporations have led to debates and regulatory hurdles in some countries. The European Union, for example, maintains a strict stance on GM crops, limiting their cultivation despite strong evidence supporting their safety and efficacy. As a result, the market for GM crops has experienced varying levels of acceptance globally. With that said, the future of GM crops seems promising, particularly as public awareness around sustainability and food security continues to rise. However, increased research and dialogue surrounding regulatory frameworks and ethical considerations will be essential in shaping the market's direction.
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Corteva Agriscience
Bayer Cropscience
FMC Corporation
Monsanto
Syngenta
Limagrain
KWS Saat
Sakata
Takii
Anhui Huaxing Chemical Industry Company
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global GM Crops Market
Food and Drink
Agricultural
Other
Based on Types the Market is categorized into Below types that held the largest GM Crops market share In 2023.
Soybean
Corn
Cotton
Rapeseed
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global GM Crops Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global GM Crops Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global GM Crops Market, By Type
6. Global GM Crops Market, By Application
7. Global GM Crops Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global GM Crops Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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