Bio-seeds also known as genetically modified (GM) seeds are produced by the means of infusing desired genes into the seed’s body via biotechnology. Growing population coupled with decreasing arable land across the world has been driving the demand for bio-seeds which yields optimum results desired from the crop. Increasing population has led to growing food demand in addition to growing urbanization. The rapid urbanization has been leading to decreasing farmable area across various nations. So, in order to cater the growing food demand from the available farmable area, industry has been focusing on developing crops with maximum yields in minimum timeframe and land. Bio-seeds emerged as the best possible solution for such a challenge and have been gaining popularity since it first came into existence.
Increasing adoption of bio-seeds owing to growing promotions by government agencies across various nations has also led to the growth of bio-seeds market. In addition, new varieties of bio-seeds are being developed by numerous companies operating in the global market which has spurred growth in the global market. However, lack of awareness in under developed economies about the benefits offered by bio-seed has been acting as one of the major factors inhibiting the market growth.
Developed economies of North America and Europe such as the U.S., Germany, Switzerland and France emerged as some of the leading markets for bio-seeds. The growth of bio-seeds is mainly contributed by the developed infrastructure and logistics coupled with technological advancements. Some of the leading companies operating in the global market for bio-seeds include Monsanto, Syngenta, DuPont, Groupe Limagrain and Bayer Crop Science among some other companies. U.S. alone accounts for more than one-third of the total bio-crops planted in the world and more than three-fourth of those plantation belong to one single company, Monsanto. Monsanto emerged as the clear leader in the global market for bio-seeds. However, the U.S. based company faced a series of tough protest from the consumers when some of their bio-crops showed signs of infertility, cancer tumors and birth defect on human bodies.
This report, by Grand View Research, takes a closer look at the bio-seeds industry, providing a holistic perspective on market dynamics, trends, supply and demand. The report deep-dives into the market and segments it on multiple levels and providing key insights on a macro as well as micro level. The study aims at providing granular information, regarding estimates and forecasts for key products including soybean, corn/maize, canola and cotton. The report also provides the same level of information for key regional markets.
This research report analyzes various factors which has been driving and inhibiting the global bio-seeds market in the past. In addition, the report analyzes the impact of each driver and restraint on the market growth, which forms the base for market forecast. The report also showcases the opportunities available in the market which may act as future drivers for the market.
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