Asia Pacific 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)
Asia Pacific 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 growth of the Asia-Pacific GMO Seed Market is mainly 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 Asia-Pacific 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 Asia-Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. Asia-Pacific is predicted to grow with the highest CAGR during the forecast period.
Factors such as growing consumption and supportive government policies, coupled with the rapid growth in distribution channels are anticipated to lead the growth of the market in this region.
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GMO Seed Market Key Players:
The major players operating in the Asia Pacific 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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