The growing demand for elevated food production with growing agricultural input utilization around the globe is due to farmers concentrating on propelling crop production and their nutritive worth.
Sarasota, FL -- (SBWIRE) -- 05/18/2017 -- Zion Market Research, the market research group announced the analysis report titled "Transgenic Seeds Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Global Transgenic Seeds Market: Overview
The growing demand for elevated food production with growing agricultural input utilization around the globe is due to farmers concentrating on propelling crop production and their nutritive worth. Transgenic seeds are the means of improving the returns of farmers on their expenditure. These seeds play a vital role in enhancing the crop production and safeguarding them from pests. Leading companies, on a large scale, are getting involved in yielding the transgenic crops as it is measured to be growing market in the agricultural sector. Thus, the increasing demand for transgenic seed is anticipated to boost the growth of the global market.
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Global Transgenic Seeds Market: Growth Factors
The major factors responsible for propelling the growth of the global transgenic seeds market include the increase in the cost of pesticides and fertilizers, easier residue management, and growing worldwide population and food necessities. Transgenic seeds are gaining recognition owing to their various reasons, such as the production of better quality agricultural products, increasing alertness among farmers regarding the rising noxious effects of the agrochemicals, rising cost of seeds, and growing frequency of crop rotation. Besides, high endeavor for yield upsurge globally is inclining the farmers to implement transgenic seeds.
Global Transgenic Seeds Market: Segmentation
The global transgenic seeds market may be segmented based on crop type, trait, and geography. The crop type segment of the global market is divided into soybean, canola, corn, cotton, and others. The others segment of the global market includes turf, vegetables & fruits, forage & ornamental crop, and other oilseed crops & cereals. The trait segment of the global transgenic seeds market is classified into insect resistance, herbicide tolerance, and others. The other segment of the global market includes disease resistance, abiotic stress tolerance, and modified product quality. The herbicide-tolerant segment of the global market is anticipated to dominate owing to its lower cost and as all traits of the transgenic seeds are important for yield enhancement, to kill variety of pests, and crop growth. Geographically, the global transgenic seeds market is diversified into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
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Global Transgenic Seeds Market: Regional Analysis
North America is expected to dominate the global transgenic seeds market in the coming future. The growth of the global market in this region can be attributed to the increasing demand for varied and new transgenic seeds products with enhanced quality products and yield of crops. Latin America is also anticipated to grow in the global market at a fast pace in the near future.
Global Transgenic Seeds Market: Competitive Players
The prominent players in the global transgenic seeds market include E.I. du Pont de Nemours & Company, Dow AgroSciences LLC, Suntory Holdings Ltd., and Syngenta AG. The other key players in the market are Monsanto, Bayer CropScience AG, BASF SE, and Vilmorin & Cie SA.
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Global Transgenic Seeds Market: Regional Segment Analysis
North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa