According to study, “Global
GMO Crops Market Size study, by Crop Type (Corn, Soyabean, Cotton, Alfalfa,
Sugar Beets, Zucchini, Papaya, Potato, Apple, Other), by Traits (Herbicide
Tolerance, Insect Tolerance, Others), by Sales Channel (Direct Sales, Modern
Trade, E-Retail, Other Retail Outlets) and Regional Forecasts 2018-2025”
some of the major companies that are currently working in the global GMO crops
market are BASF SE, Groupe Limagrain Holdings Corp., Bayer Crop Science India
Ltd., Sakata Seed Corp., DowDuPont Inc., Canterra Seeds and science, KWS SAAT
SE, Takii seeds, Land O' Lake, Syngenta AG, Monsanto Co., DLF Seeds and Science,
Agreliant Genetics LLC.
Genetic Modification of crops or GMO is a technology
that entails inserting DNA into the genome of an organism. A new DNA is
transferred into cells of plant for producing a GM plant. It is the most widely
regulated and tested product in agricultural field. It can be customized so
that they give a complete nutritional profile. It is also engineered to last little
longer once produced, which makes it possible to extend the distribution existence
of the product. It uses less water essential fields or the planted. There is requirement
to have smaller amount of in-field operations and applications to keep the
quality of yield. Moreover, the GMO crops have the longer shelf life compared
to other normally grown crops.
Based on the type of food, the global GMO crop
market is segmented into vegetables, animal products, crops and fruits. Based
on the crop type, GMO is segmented into soyabean, alfalfa, zucchini, apple,
corn, cotton, potato, sugar beets, papaya and others. Based on the traits, they
can be segmented into insect tolerance, herbicide tolerance and others. Based
on farming practices, market can be segmented into plant protection, resistance
and tillage. Based on type of modification, they can be segmented into
transgenic, cisgenic, subgenic and multiple trait integration. Based on sales
channel, market can be segmented into modern trade, direct sales, e-retail and
other retail outlets. In addition, some of the other applications using GMO are
include biofuel efficiency, stress tolerance, nutritional enhancements, disease
resistance and remediation of polluted sites. The Environmental Protection Agency (EPA), the U.S.
Department of Agriculture (USDA), and the Food and Drug Administration (FDA)
are some of the government agencies associated with agriculture industry at the
federal level. These organizations drive specific aspects of crops and its
products.
The global GMO market is primarily driven by the increasing investment in biotechnology research &
development, rise in genetically modified crops area or plantation, rise in demand
of crop yield, increase in agriculture productivity with the decreasing need of
harmful or the dangerous pesticide. In addition, some of the other key factors
adding to restraining the market include stringent government regulation, concerns
issues such as allergies and low consumer awareness. Globally, the North American region holds significant
share in terms of the revenue due to increase in authorization of new bio engineered
food. During 2018-2025, it is anticipated that the Asia-Pacific region to grow
rapidly owing to the increase in population in the region with the growing adoption
of new technologies in the farming sector to meet the basic necessity of the
growing population.
For more information on the research report,
refer to below link:
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