Transparency Market Research Report Added "Bio Seeds Market" to its database.
Albany, NY -- (SBWIRE) -- 07/14/2015 -- Bio seeds or genetically modified seeds are produced through genetic engineering of existing plants to incorporate desired qualities in seeds and improve the existing varieties of the seeds. Technological inventions and advancements in the agro industry have boosted the growth of the global bio seeds market. The increased demand for bio seeds is expected to propel the market at a CAGR of 9.9% during the period between 2012 and 2018. The global bio seeds market was worth US$15.60 billion in 2011 and is expected to be valued at US$30.21 billion by the end of 2018.
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High Yield and Better Nutrition Offered by Bio Seeds to Boost Global Bio Seeds Market
One of the primary factors boosting the growth of the bio seeds market is the growing population across the globe and decreasing arable land. The shift in consumer preference towards a healthy diet has also led to increased demand for superior quality fruits and vegetable. Genetically modified seeds yield fruits and vegetables of higher nutritional value.
However, bio seeds are increasingly facing rejections and mass opposition from farmers and environmentalists. Though the scientists associated with various research organizations such as the American Association for the Advancement of Science and the World Health Organization have given the green signal regarding the safety of the genetically modified seeds, bio seeds have not yet gained wide acceptance of the common mass. This is expected to restrain the market's growth in the forecast period.
Corn, Soy, Canola, and Cotton are Most Commonly Used Bio Seeds
The seeds of maize (corn), soybean, canola, and cotton are mostly genetically engineered to achieve the desired qualities in the seeds. The oil derived from genetically engineered canola or rapeseed is being used as a biodiesel, in industrial oils and lubricants, and as a source of cooking oil for margarine production. Roundup Ready® (introduced by Monsanto) and InVigor® (developed by Bayer CropSciences) are some of the genetically engineered versions of canola.
Genetically modified corn displays a faster maturity period than unmodified versions, exceptional flavor and sweetness, and high resistance to diseases such as common rust, Stewart's wilt, and southern corn leaf blight. Bt cotton is a widely used genetically modified, insect-resistant cotton variety. Genetically modified soybean has increased content of oleic acid and lower content of linoleic acid, which makes it a healthier option with less trans-fats than regular soybean.
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Europe and North America Lead Global Bio Seeds Market
Europe, North America, Asia Pacific, and Rest of the World are the key regions of the global bio seeds market. Europe and North America are leading the overall market. Germany, France, and Switzerland have mainly contributed to the demand for bio seeds in Europe. Demand for bio seeds from Asia Pacific is growing rapidly owing to demand from countries such as China and India, where the governments are starting to look at it seriously to increase domestic production.
Key Players in Global Bio Seeds Market
Some of the key players in the global bio seeds market are DuPont, Monsanto, Groupe Limagrain, Syngenta, KWS AG, Sakata, DLF-Trifolium, Takii, and Bayer Crop Science. Players such as Monsanto are facing protests from consumers, who are complaining that the key players are controlling the global food supply with their bio seeds.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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