Genetically Modified (GM) Crops Market Size, Status and Business Growth 2020 to 2023 -Bayer AG, BASF SE, Syngenta AG, The Dow Chemical Company, Dupont, Groupe Limagrain

By: X herald

The Global Genetically Modified (GM) Crops Market Research Report Forecast 2020 – 2023 provides a comprehensive analysis of the market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of the global industry. It provides an in-depth study of the Genetically Modified (GM) Crops market by using SWOT analysis. The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report. 

The global genetically modified (GM) crops market is expected to decline from $21.73 billion in 2019 to $20.69 billion in 2020 at a compound annual growth rate (CAGR) of -4.76%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $26.72 billion in 2023 at a CAGR of 8.9%.

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Top Key Players in the Global Genetically Modified (GM) Crops Market: Bayer AG, BASF SE, Syngenta AG, The Dow Chemical Company, Dupont, Groupe Limagrain, JR Simplot Co., JKAgri Genetics Ltd., Maharashtra Hybrid Seed Company (MAHYCO), and Calyxt Inc.

In September 2019, Bayer CropScience Limited completed the acquisition of Monsanto India Limited for an amount of $63 billion. This acquisition was aimed towards expanding Bayer’s business and consumer base in India. The companies plan to retain the brand name of Monsanto products with their inclusion under the Bayers product portfolio. Monsanto India Limited was founded in 1949 and was a subsidiary of Monsanto, a research-based biotechnology company based in the USA before the acquisition.

The GM crops market covered in this report is segmented by trait into herbicide tolerance (HT); insect resistance (IR); stacked traits (ST); others and by crop into soybean; cotton; maize; oilseed rape; tobacco; others.

The exponential increase in population around the globe drives the need to implement genetically modified crops. Farmers have to adopt new technologies to produce crops that can meet the demand of the growing population. GM crops help reduce food loss and waste, improve soil and water management, and improve the yield alongside protecting the environment. According to the UN, it is expected that the world population will be around 10 billion by 2050. Genetically modified crops are thereby important to feed this growing population and maintain food security.

Stringent regulations imposed on the approvals of GM crops limit the growth of the genetically modified crop’s market during the period. For instance, in India, only Bt Cotton is permitted by the government for cultivation. Genetically modified brinjal was not approved by the environment ministry. Therefore, the stringent regulations imposed by the government of various countries on the approvals of GM crops impact the growth of the market.

Regional Analysis for Market:

For a comprehensive understanding of market dynamics, the global Genetically Modified (GM) Crops market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India, and others. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the market.

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Influence of the Genetically Modified (GM) Crops Market report:

-Comprehensive assessment of all opportunities and risks in the Genetically Modified (GM) Crops Market.

-Genetically Modified (GM) Crops Market recent innovations and major events.

-A Detailed study of business strategies for the growth of the Genetically Modified (GM) Crops Market-leading players.

-Conclusive study about the growth plot of Genetically Modified (GM) Crops Market for forthcoming years.

-In-depth understanding of Genetically Modified (GM) Crops Market -particular drivers, constraints and major micro markets.

-Favorable impression inside vital technological and market latest trends striking the Genetically Modified (GM) Crops Market.

Table Of Content:

Overview: This segment offers an overview of the report to provide an idea regarding the contents and nature of the research report along with a wide synopsis of the global Genetically Modified (GM) Crops Market.

Analysis of Leading Players Strategies: Market top players can utilize this analysis to increase the upper hand over their rivals in the market.

Study on Major Market Trends: This segment of the report delivers a broad analysis of the most recent and future market trends.

Forecasts of the Market: The report gives production, consumption, sales, and other market forecasts. Report Buyers will approach exact and approved evaluations of the total market size in terms of value and volume.

Analysis of Regional Growth: This report covered all major regions and countries. The regional analysis will assist market players to formulate strategies specific to target regions, tap into unexplained regional markets, and compare the growth of all regional markets.

The research includes historic data from 2015 to 2020 and forecasts until 2023 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Customization of this Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check with the sales team.

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