What is GMO Corn Seed Market?
Genetically modified organism (GMO) corn seed refers to the modification of DNA of natural corn seeds with genetic engineering methods to increases their tolerance against herbicides and pests. Rising population and growing demand for food driving the demand for GMO seeds as they have the capacity to sustain against adverse climatic conditions. Further, technological advancement in the biotechnology, molecular biology and genetic engineering techniques expected to drive the demand for GMO corn seed over the forecasted period.
Highlights from GMO Corn Seed Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | DOW Agrosciences LLC (United States), Syngenta AG (Switzerland), BASF SE (Germany), Monsanto Co. (United States), KWS SAAT SE (Germany), E.l. du Pont de Nemours & Co. (United States), Canterra Seeds Holdings Ltd. (Canada), Bayer Crop Science India Ltd (India), Agreliant Genetics LLC (United States), Land O’ Lakes Inc. (United States) and Sakata Seed Corp. (Japan) |
GMO Corn Seed is a fragmented market due to the presence of a large number of established competitors. The key players focus on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions to help them sustain themselves in the market and maintain their competitive edge. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global GMO Corn Seed market throughout the forecasted period.
DOW Agrosciences LLC (United States), Syngenta AG (Switzerland), BASF SE (Germany), Monsanto Co. (United States), KWS SAAT SE (Germany), E.l. du Pont de Nemours & Co. (United States), Canterra Seeds Holdings Ltd. (Canada), Bayer Crop Science India Ltd (India), Agreliant Genetics LLC (United States), Land O’ Lakes Inc. (United States) and Sakata Seed Corp. (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Takii Seeds (India), DLF Seeds and Science (Denmark) and Origin Agritech Limited (China). GMO Corn Seed Market Segmentation:
Scope | Sub-Segments |
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Sales Channel | Direct Sales,Modern Trade,Convenience Store,E-Retailers |
Trait | Herbicide Tolerance,Insect Tolerance |
On the basis of geography, the market of GMO Corn Seed has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for GMO Corm Seed as Insecticide as it Act as Insect Repellant and Advancement in Biotechnology and Genetic Engineering Leading to Advent of New GMO Corn Seeds
Market Growth Drivers:
Rising Demand for High Production of Corn Seed with Food Security At Fore and Technological Advancement in Biotechnology and Molecular Biology
Challenges:
Irregularity and inability to maintain an efficient supply chain
Restraints:
Complexity Associated with GMO Corn Seed Owing to Multistep Process in its Production and Rigorous Government Regulatory Frameworks Owing to Huge Public Objection
Opportunities:
Growing Need to Ensure Food Security for Rising Population and Rise in Demand from Emerging Economies
Key Target Audience
GMO Cord Seed Manufacturers, GMO Corn Seed Distributors, Potential Investors, Government Organizations, Research Organizations and Consulting Companies, Standard Organizations, Forums, Alliances, and Associations and Others
Market Leaders & Development Strategies
In August 2020, Syngenta Seeds completed the acquisition of Sensako. Sensako was a leading R&D seed company with roots in 1958. It has a strong wheat market position in South Africa with additional sales in Namibia, Zambia, and Lesotho. This acquisition will help lay the groundwork for growth and accelerate Syngenta Seeds' entry into the wheat, corn, and sunflower seed markets.
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.
“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.”