Transgenic Seeds Market Analysis

Transgenic Seeds Market Overview

Transgenic Seeds Market Size was valued at USD 31.95  Billion in 2023. The transgenic seeds market industry is projected to grow from USD 35.784 Billion in 2024 to USD 79.03 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 10.41 % during the forecast period (2024 - 2032). Increasing demand for sustainable and resilient agricultural solutions, genetic engineering and biotechnology advancements, and the need to address food security challenges amidst population growth and climate change are the major market drivers enhancing transgenic seeds market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Transgenic Seeds Market Trends

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  Growing focus on food security and sustainable agriculture drives market growth

  
  

The adoption of sustainable farming practices has significantly increased the transgenic seeds market CAGR. Transgenic seeds, commonly known as genetically modified (GM) seeds, have genes inserted directly into the DNA of the seed. Seeds with specific properties, such as herbicide and insect resistance, are genetically modified. GM seeds are becoming increasingly popular among commercial crop growers. The acreage of GM variations in cotton, corn, soybean, and wheat has expanded dramatically. Genetically modified seeds have several advantages, including greater agricultural production, reduced pesticide use, and increased earnings. Agriculture practices have shifted towards sustainable technologies like genetically modified crops due to rapid changes in environmental circumstances and diminishing water resources. According to a recent study, GMOs enhance crop yields by 22%, reduce pesticide use by 37%, and increase profits by 68%.

With a rising population and increasing food demand, there is a pressing need to enhance agricultural productivity. Transgenic seeds with pest resistance, herbicide tolerance, and abiotic stress tolerance offer farmers effective tools to address crop challenges and increase yield potential. Additionally, transgenic seeds play a crucial role in promoting sustainable agricultural practices. The ability of transgenic seeds to enhance crop resilience and adaptability to changing climatic conditions contributes to greater agricultural stability and food availability.

Moreover, developing genetically modified seeds with improved nutritional content can help address malnutrition and food quality concerns, supporting the goal of achieving food security. The growing awareness and support for sustainable agriculture practices are expected to drive the demand for transgenic seeds in the market, fostering its continuous growth in the coming years. Furthermore, significant research improvements in biofortification, accurate DNA integration, and stress tolerance in transgenic crops are predicted to boost commercial agriculture productivity, consequently increasing transgenic seeds market revenue.

Transgenic Seeds Market Segment Insights

Transgenic Seeds Trait Insights

Based on the trait, the transgenic seeds market segmentation includes herbicide tolerance, insecticide resistance, and others. The herbicide tolerance segment dominated the market, accounting for 40% of market revenue (11.4 billion). This can be ascribed to the widespread use of herbicides such as glufosinate, glyphosate, and others in crop protection worldwide. China, India, Brazil, and Argentina are among the nations with the biggest pesticide use rates owing to their significant agricultural industries. Large-scale agricultural output is predicted to drive herbicide demand in these countries.

Figure 1: Transgenic Seeds Market, by Trait, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

The insecticide resistance segment is expected to grow at the fastest CAGR in the transgenic seeds industry over the upcoming years. This increase is attributed to increased demand for pesticides in various crop uses, including pulses, cereals, grains, fruits, and vegetables. They are effective in avoiding early germination pest infestations in various crops. Increased agricultural output over the last decade has resulted in the development of improved insecticides.

Transgenic Seeds Crop Insights

Based on crop, the transgenic seeds market segmentation includes corn, soybean, cotton, canola, rice, and others. The corn category generated the most income (30%). The increasing demand for corn as a staple food and its widespread use as animal feed and in industrial applications drive the adoption of transgenic seeds that offer improved yield and resistance against pests and diseases. Besides, transgenic corn seeds with traits such as herbicide tolerance and drought resistance provide farmers with enhanced crop management options and contribute to increased productivity. Moreover, the rising population and changing dietary preferences in many regions have led to higher corn consumption, prompting farmers to seek advanced seed technologies to meet the growing demand.

Transgenic Seeds Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American transgenic seeds market accounted for USD 13.05 billion in 2022 and will likely exhibit a significant CAGR growth in the study period. The region's advanced and technology-driven agriculture sector demands innovative solutions to optimize crop yield and productivity. Additionally, the need to ensure food security and address challenges, such as climate change and population growth, has led to adopting transgenic seeds as a viable means to enhance agricultural productivity and sustainability. Moreover, supportive regulatory frameworks for biotechnology and genetic engineering in North America facilitate the commercialization and adoption of transgenic seeds, further boosting market growth.

Further, the major countries studied in the market report are The US, Canada, German, the UK, France, Spain, Italy, Japan, India, China, South Korea, Australia, and Brazil.

Figure 2: TRANSGENIC SEEDS MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe transgenic seeds market accounts for the second-largest market share. The regional focus on sustainable agriculture and environmental conservation has increased interest in genetically modified seeds that offer reduced chemical usage and improved pest and disease resistance. Transgenic seeds with traits aligned with ecological considerations have gained traction among European farmers seeking environmentally friendly and resource-efficient solutions. Further, the German transgenic seeds market held the largest market share, and the UK transgenic seeds market was the fastest-growing market in the European region.

The Asia-Pacific Transgenic Seeds Market is expected to grow at the fastest CAGR from 2023 to 2032. The significant regional population growth and increasing food demand necessitate higher agricultural productivity. Transgenic seeds with improved yield potential and resistance to pests and diseases present viable solutions to meet these rising food demands. Additionally, climate variability and the prevalence of environmental stresses in many Asian countries create a demand for transgenic seeds that exhibit resilience to extreme weather conditions, such as drought, flooding, and salinity. Moreover, China’s transgenic seeds market held the largest market share, and the Indian transgenic seeds market was the fastest-growing market in the Asia-Pacific region.

Transgenic Seeds Key Market Players & Competitive Insights

Leading market players are making substantial investments in research & development to expand their product portfolios and drive market growth. Key market developments include new product launches, collaborations, and strategic partnerships with research institutions and seed technology companies, enabling them to tap into emerging regions and leverage cutting-edge technologies. In addition, prominent transgenic seed industry players emphasize sustainability and eco-friendly practices, aligning their offerings with consumer preferences for environmentally responsible agricultural solutions.

The trend towards digital farming technologies and precision agriculture also influences transgenic seeds industry dynamics, with companies integrating data-driven approaches to optimize seed selection and crop management. These companies in the transgenic seeds industry are focused on introducing innovative transgenic seed varieties with enhanced traits such as pest resistance, herbicide tolerance, and abiotic stress tolerance, catering to the evolving needs of farmers and enhancing agricultural productivity. With the continuous advancements in biotechnology and gene editing techniques, major players in the transgenic seeds market, including Corteva Agriscience, Syngenta AG, Bayer CropScience AG, and other industry leaders, are at the forefront of driving innovation and shaping the future of sustainable agriculture.

Bayer CropScience AG, a subsidiary of Bayer AG, is a prominent player in the agriculture industry. The company provides innovative solutions for farmers, ranging from seeds and crop protection products to digital farming technologies. With a rich history in agricultural science and biotechnology, Bayer CropScience focuses on developing sustainable and efficient solutions to address the evolving challenges in modern agriculture. In May 2021, Bayer CropScience announced the launch of its transgenic cotton variety equipped with enhanced pest resistance traits. The new cotton variety aims to protect farmers against key pests, reducing the need for chemical interventions and contributing to more sustainable cotton farming practices.

Syngenta AG is a leading agricultural company specializing in seeds, crop protection, and digital farming solutions. Syngenta offers a comprehensive range of products to support farmers in various stages of crop production. The company's product portfolio includes crop seeds, crop protection products like insecticides, herbicides, and fungicides, and digital farming technologies that leverage data and analytics to optimize farming practices. Syngenta has a widespread presence in over 100 countries across all major agricultural regions. In November 2020, Syngenta introduced a genetically modified corn trait that confers resistance to a prevalent pest. This trait gives farmers an effective tool to manage pest pressures and reduce yield losses, contributing to more sustainable and efficient corn cultivation.

Key Companies in the transgenic seeds market include.

• Suntory Holdings Ltd (Japan)


• DowDuPont (US)


• Vilmorin & Cie SA (France)


• Maharashtra Hybrid Seed Company (India)


• Bayer CropScience AG (Germany)


• Monsanto (US)


• BASF SE (Germany)


• Syngenta AG (Switzerland)


• JK Agri Genetics Ltd (India)


• J.R. Simplot Co. (US)

Transgenic Seeds Industry Developments

February 2019: DowDuPont has gained the final international regulatory approval required for the introduction of a new line of genetically modified soybeans (Enlist E3) from the Philippines.

January 2019: China's Agriculture Ministry has approved importing five genetically modified crops from the United States.

Transgenic Seeds Market Segmentation

Transgenic Seeds Trait Outlook

• Herbicide Tolerance


• Insecticide Resistance


• Others

Transgenic Seeds Crop Outlook

• Corn


• Soybean


• Cotton


• Canola


• Rice


• Others

Transgenic Seeds Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  

• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  

• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  

• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America