The Transgenic Seeds Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).

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In accordance with The Business Research Company's comprehensive Transgenic Seeds Global Market Report for 2024, the transgenic seeds sector has witnessed a remarkable surge in recent times, with its market size escalating from $44.02 billion in 2024 to a projected $50.24 billion in the same year, boasting a robust compound annual growth rate (CAGR) of 14.1%. This growth trajectory in the historical period can be ascribed to heightened construction activities, increased environmental awareness, stringent government regulations, a surge in outdoor events, and notable advancements in turf management practices.

Projections for the transgenic seeds market anticipate a rapid expansion in the coming years, with an estimated market size soaring to $81.16 billion by 2028, demonstrating a commendable CAGR of 12.7%. This anticipated growth in the forecast period is attributable to the multifaceted challenges posed by climate change, the escalating popularity of sustainable landscaping practices, the expansion of sports infrastructure, an increase in recreational spaces, and the proliferation of urban greening initiatives.

Increasing agricultural productivity is expected to propel the growth of the transgenic seed market going forward. Agricultural productivity refers to the measure of the market value of the crop yield of an agricultural production system that uses inputs such as land, labor, capital, and other resources to produce yield. Transgenic seeds are primarily used in agricultural production to grow more food with fewer resources. The use of transgenic seed technology to increase yield and reduce the use of agricultural land, leading to increased profits for farmers boost the transgenic seed market. For instance, in November 2022, according to Eurostat, a Luxembourg government agency, 297.5 million metric tons of harvested grains, including rice, were produced in Europe in 2021, an increase of 4.2 %, or 12.1 million metric tons, over 2020. Furthermore, in December 2022, according to the Food and Agriculture Organization, a US-based specialized agency, the global primary crop production increased by 2% from 2020 to reach 9.5 billion tons in 2021. Therefore, increasing agricultural productivity is driving the growth of the transgenic seed market.

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The transgenic seeds market covered in this report is segmented –
1) By Type: Farmland, Green House
2) By Trait: Herbicide Tolerance, Insect- Resistance, Other Traits
3) By Crop: Maize, Cotton, Rice, Soybean, Canola, Other Crops
4) By End -User: Insect Resistance, Herbicide Tolerance, Virus Resistance, Altered Oil Composition, Delayed Fruit Ripening, Male Sterility And Restorer System

Crucial trends poised to shape the landscape of the transgenic seeds market include the integration of innovative disease and stress management solutions, advancements in formulations, the adoption of precision application technologies, the development of resilient turf varieties, a surge in organic turf management practices, and a notable emphasis on education and training initiatives.

Notably, product innovation stands out as a pivotal trend gaining momentum within the transgenic seed market. Leading companies in the domain are strategically investing in the development of groundbreaking products to fortify their market standing. A case in point is the noteworthy initiative by Corteva Inc., a prominent US-based agriculture company, which, in August 2021, introduced Conkesta E3, a genetically modified soybean seed designed for Brazilian farmers. Recently authorized by the European Union Commission, Conkesta E3 soybeans exhibit robust genetics and extensive lepidopteran insect protection, integrated into the Enlist weed control system. This system not only provides maximum flexibility but also ensures superior control over broadleaf weeds and grasses, thereby enhancing overall crop production efficiency.

The transgenic seeds market report table of contents includes:
1. Executive Summary
2. Transgenic Seeds Market Characteristics
3. Transgenic Seeds Market Trends And Strategies
4. Transgenic Seeds Market - Macro Economic Scenario
5. Global Transgenic Seeds Market Size and Growth
.....

31. Global Transgenic Seeds Market Competitive Benchmarking
32. Global Transgenic Seeds Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Transgenic Seeds Market
34. Transgenic Seeds Market Future Outlook and Potential Analysis
35. Appendix

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