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Transgenic Seeds Market – Top Participant To Focus On Regional Expansion

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The transgenic seeds market is projected to reach $35.2 Billion by 2020, at a CAGR of 12.3%, as studied from 2015.
The market for transgenic seeds has a significant impact on agricultural production. Transgenic seeds are broadly categorized based on their traits, into herbicide tolerance, insecticide resistance, and others such as modified product quality, disease resistance, and abiotic stress tolerance. The transgenic seed market is also segmented on the basis of its applications in various crop types, such as corn, soybean, cotton, canola, and others that include fruits & vegetables, turf, ornamental & forage crop, and other cereals & oilseed crops.
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Transgenic plants have genes inserted into them, which are derived from another species.
Through genetic modification, the aim is to introduce a new trait to the plant, which does not exist naturally in those species. The inserted genes might belong to the same kingdom or the other kingdom; for instance, the gene taken for insertion into a plant can be from another plant or from bacteria (animal kingdom). The inserted DNA needs to be modified slightly so that the gene is expressed correctly and efficiently, providing the required phenotype in the host plant.
The driving factors for this market are the increasing world population & food requirements, rise in cost of fertilizers & pesticides, and easier residue management. The transgenic seed guarantees high returns on investments with certified seeds. Transgenic seed is an example of modern agriculture practices & technology, which prevent crop loss.
Transgenic Seed Market Size, by Region, 2014 vs. 2020 ($Million)

NOTE: Bubble size represents the market size of 2020, ($million)
E – Estimated; P – Projected
Source: Expert Interviews, Government Authorities, Related Associations/Institutes, Related Research Publications, Government Publications, and MarketsandMarkets Analysis
The market for transgenic seeds is projected to reach $35.2 Billion by 2020, at a CAGR of 12.3%. Latin America is the second-largest market and is projected to grow at the highest CAGR during the period under review.
The transgenic seed market of each region has witnessed the development of many subsidiaries, business units, and research centers of key players. These subsidiaries employ strategies through strong R&D and regional distribution networks with regional players so as to provide enough competition and capture significant market share.
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The key players in this market have developed a range of innovative products to target specific needs. Thus, the ttransgenic seed market is gaining more global presence and acceptance among customers. Key participants in the transgenic seed market include Monsanto (U.S.), E.I. du Pont de Nemours & Company (U.S.), Syngenta AG (Switzerland), Vilmorin & Cie SA (France), Bayer CropScience AG (Germany), BASF SE (Germany), Dow AgroSciences LLC (U.S.) and Suntory Holdings Ltd. (Japan). These players are implementing different strategies to achieve growth and development in the transgenic seed market. Agreements, collaborations, and new product launches have been the key moves undertaken by market players for global expansion.
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