Biotech Seeds Market By Type (Herbicide Tolerance and Insect Resistance), By Application (Corn, Soybean, Cotton, and Canola), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)) - Trends, Analysis and Forecast till 2034

Report Code: PMI319219 | Publish Date: March 2024 | No. of Pages: 170

Global Biotech Seeds Market By Overview

Biotech Seeds Market was valued at US$ 54.5 billion in 2024 and is projected to grow at a CAGR of 8.2% to reach US$ 119.7 billion by 2034.

Growing population and rising food consumption leads to the need of Sustainable development of food crop. The development of commercial and bio seeds leading to disease-free, higher yield of crop is increasing due to health awareness among people. Biotech seeds are also known as Genetically modified(GM) or genetically engineered (GE) seeds. Biotech seeds are designed specifically to have traits such as being resistant to pests, herbicide tolerant and  improved nutritional content.

Technological advancement such as CRISPR-Cas9 are contributing in  development of modified and improved biotech seeds boosting the biotech seeds market. Development of biotech seeds can reduce the pressure on agricultural land to produce more crop due to increasing demand of food. Crops such maize, corn ,soyabean are in high demand. P0

Biotech seeds market includes research institutions, small scale producers, large scale producers all striving to meet the needs of farmers, consumers as well as economy ensuring sustainable development.  Companies using innovations, acquisitions, and investment to increase sales, productivity with better effectiveness and great values to boost the biotech seeds market. Overall biotech seeds market  continues to evolve in response to changing conventional agricultural practices, technological advancements, consumer preferences, environmental changes.

Global Biotech Seeds Market By Dynamics

DRIVERS:

Rising population and food supply shortage

Increasing population and not meeting the food supply and crop demands will boost the adoption of biotech seeds in the market. Increasing demand of biofuel led to increase in demand for crops like corn. Additionally, commodities such as various crops, vegetable oil are anticipated to lead to growth of biotech seeds market. This modification tends to offer higher yield in fewer efforts, labor, time, methods allowing farmers to earn profit fueling targeted market.

Advantages of Biotech seeds

Benefits such as high yield, productivity, crop quality, higher nutritional value are associated with Biotech seeds Longer life span of seeds and defense against pesticides and viruses plays a significant role in growth of Biotech seeds market.

RESTRAINS:

Complications association with cultivation of Biotech seeds

Excess use of biotech seeds leads to some health issues along with damage to fauna, these factor tends to hinder the market growth. genetics and farm management provided significant growth in biotech seeds market.

Latest trends

Biotechnology and its application in area of biotech seeds has helped increase crop productivity and quality by preventing from various diseases by being disease resistant and herbicide tolerant. Researchers can select specific gene from other species and incorporate them to essential crops.

Global Biotech Seeds Market By Segmentation

By Type

By Application

By Region

  • Herbicide Tolerance
  • Insect Resistance

 

  • Corn
  • Soybean
  • Cotton
  • Canola
  • North America - U.S., Canada
  • Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific
  • Latin America - Brazil, Mexico, Argentina, Rest of Latin America
  • Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Type Insights

On the basis of Type, the target market is segmented into Herbicide Tolerance and Insect Resistance. Herbicide tolerant crop is expected to show highest growth In biotech seeds market as it allows for simplified and efficient weed management system helping farmers to control wide range of weeds without harming the biotech crops. Simplified weed management system also saves time, labor making it cost effective.

Application Insights

On the basis of Application, the target market is segmented into Corn, Soybean, Cotton, and Canola. Over the forecast period corn is expected to show the fastest growth, one of major component in ethanol production and increased demand for bio-based fuel will fuel the biotech seeds market .

Regional Insights:

On region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

  • North America market is estimated to witness a significantly high revenue share over the forecast period due to rising growth in biotechnological crops having positive impact on environment, human and animal health. Strong presence of major Biotech seeds companies such as Monsanto(Bayer) and their high investment in research and development to boost the Biotech seeds market in this region.
  • Asia Pacific market is estimated to witness a fastest revenue share over the forecast period due to advanced farming techniques, increasing emphasis on seed quality, crop quality indirectly affecting human health and increasing focus on Farmer’s welfare, regulatory development will influence the biotech seeds market. Growing popularity of the soybean seeds segment is attributed to the increasing demand from Asia Pacific region and higher market penetration. China being the major producer of GM cotton and high investment in  research and development for other crops as well. Technological adaptions such as CRISPR-Cas9 and others will boost the biotech seeds market in this region.

Report Scope:

Attribute

Details

Base year for estimation

2024

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2032

Market Segmentation

By Type , By Application

Regional scope

North America ,Europe ,Asia Pacific ,Latin America, Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034.

Recent Development:

The New Launched Product News,

  • In June 2023, Syngenta celebrated the grand opening of seeds R&D innovation center in Malta, IL, designed to bring famers and researchers together in order to accelerate advancements in agricultural seed products and services. Farmers are eligible to give real-time feedback to researchers leading to innovations today, and for future. It includes 32,000 feet for laboratories and over 18,000 feet of seed processing space, along with research fields.
  • In August 2023, Bayer launched biotech seeds in Indonesia in attempt to increase the production, productivity, efficiency of corn production in Banggo village. This is a herbicide tolerant biotech corn Dekalb DK95R.This tends to increase crop yield by 30% as compared to conventional practices including income yield and reduction in input costs as said by Bayer Crop Science Country Cluster Head for Southeast Asia and Pakistan Stacy Markovich.

Few Other Promising Reports:

Global Biotech Seeds Market By Key Players

The key players operating the Biotech Seeds Market includes

  • Bayer
  • DowDuPont
  • KWS SAAT
  • Limagrain
  • Syngenta
  • Corteva Agriscience
  • Calyxt.

Global Biotech Seeds Market By Company Profile

  • Bayer
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • DowDuPont
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • KWS SAAT
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • Limagrain
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • Syngenta
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies

Global Biotech Seeds Market By Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By  Product Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Biotech Seeds Market, By Type, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Herbicide Tolerance
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Insect Resistance
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Biotech Seeds Market, By Application, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Corn
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Soybean
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Cotton
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Canola
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Biotech Seeds Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • U.S.
    • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East
  1. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  2. Company Profiles 
  • Bayer
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • DowDuPont
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • KWS SAAT
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • Limagrain
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • Syngenta
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The global biotech seeds market report segments the market on the basis of type, application, and region.

Key players in the global biotech seeds market include: Bayer DowDuPont KWS SAAT Limagrain Syngenta

Factors such as rise in seed replacement rate, growth in the adoption of oilseeds by animal feed manufacturers, increase in demand from the biofuel sector.