“FDA regulates the safety of food for humans and animals, including foods produced from genetically engineered (GE) plants. Foods from GE plants must meet the same food safety requirements as foods derived from traditionally bred plants. While genetic engineering is sometimes referred to as “genetic modification” producing “genetically modified organisms (GMOs),” FDA considers “genetic engineering” to be the more precise term. FDA enforces the U.S. food safety laws that prohibit unsafe food. GE plants must meet the same legal requirements that apply to all food. To help ensure that firms are meeting their obligation to market only safe and lawful foods, FDA encourages developers of GE plants to consult with the agency before marketing their products.”
The article cited AMA's "Global GMO Corn Seed Market Study" explored substantial growth of %. According to the report, Increasing Demand for GMO Corm Seed as Insecticide as it Act as Insect Repellant
is one of the primary growth factors for the market. Rising Demand for High Production of Corn Seed with Food Security At Fore
is also expected to contribute significantly to the GMO Corn Seed market. Overall, applications of GMO Corn Seed, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Sales Channel , such as Direct Sales, is boosting the GMO Corn Seed market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Trait , such as Herbicide Tolerance, is boosting the GMO Corn Seed market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global GMO Corn Seed market identified that the demand is rising in many different parts of the world as "Growing Need to Ensure Food Security for Rising Population
". Furthermore, some recent industry insights like "In September 2019, German chemical and pharmaceutical major Bayer AG completed the integration of biotech major Monsanto's India operations into its own. The National Company Law Tribunal (NCLT) approved the merger of Monsanto India Ltd and Bayer CropScience last week. When the merger takes effect, shareholders of Monsanto India Ltd will receive two shares of Bayer CropScience for every three shares they hold in Monsanto India." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global GMO Corn Seed market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the GMO Corn Seed market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall GMO Corn Seed market size is calculated using market estimation process, the GMO Corn Seed market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global GMO Corn Seed market size has been validated using both top-down and bottom-up approaches.