North America GMO Seed Market By Product (corn, Soybean, Cotton, Canola, Others), By Traits (herbicide Tolerance, Insect Resistance, Others), And By Region - Industry Analysis, Size, Share, Growth, Trends And Forecasts (2016–2021)
North America GMO Seed Market was worth USD XX million in 2016 and estimated to be growing at a CAGR of XX%, to reach USD XX million by 2021. GMO stands for Genetically Modified Organism and it circumscribes a lot of products in industries which include medicinal, scientific and agricultural applications.
GMO refers to seeds in the matter of agriculture and food consumption.
Genetically modifies seeds have been used by farmers around the world for about 20 years.
GM seeds have distinct traits which set them apart from other seeds. They include qualities like herbicide resistance, insect resistance and efficient water usage.
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The North America GMO Seed market is driven by the rise in adoption of biofuels and the increased demand for animal feeds. Furthermore, the increasing threat from global food companies to non-GM food products and the premium pricing of non-GM foods also act as substantial factors of market growth.
Supportive governmental policies encouraging the use of GMO seeds also acts a driver for market growth. However, issues of Intellectual Property Rights and delays in certifying GMO seeds by administrative arms of governments act as restraints on market growth.
The North America GMO Seed market is segmented on the basis of product, traits and by region. On the basis of product, the market is segmented into corn, soybean, cotton, canola and others.
On the basis of traits, the market is categorised into herbicide tolerant, insect resistant and others.
The North America market has been geographically segmented into segmented into US and Canada.The North American region holds the major stake in the aggregate income of Global GMO Seed market in 2016 because of noteworthy growth in consumption, brought about by established distribution channels and supportive governmental policies.
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GMO Seed Market Key Players:
The major players operating in the North America GMO Seed industry include Monsanto, Bayer CropScience, DowDuPont, Grooupe Limagrain and Syngenta.
GMO Seed Market Segmentation:
By Product: Corn, Soybean, Cotton, Canola
By Traits: Herbicide Tolerant, Insect Resistant
Reasons to Access:
- Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysis in terms of product and traits along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
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