Demand of seed in agriculture is increasing rapidly with the more
development in this industry and everyone knows about the importance of seed in
the agriculture sector. In addition, seeds are also sowing to produce the rest
of the plants we eat. The significant development in the technology of the seed
industry is turned up the sector of seed more enormously. According to the
report analysis, ‘Market
Research Reports For Seed’ states that the genetically modified crops
are significantly used in the agriculture with the aim is to introduce a new
trait to the plant which does not occur naturally in the species. Farmers have widely adopted GM technology and
it is fastest adopted crop technology across the globe. Moreover, the adoption
GM technology results in the reduction the usage of pesticide which is very
much ecologically beneficially whereas; with the overuse of this technology the
benefits may be reduced. Hence, the effective usage of GM technology leads to
market growth more significantly.
The seed industry is developing with the more innovations and development
in the technology, maintained with high quality through continuous advancements
in seed research and for increasing the efficiency of the seed, government of
the respective economy is doing so many projects and making relative policies
which make the seed industry more attractive and profit making. Whereas
development in the efficiency of seed is the development of quality of food as
if a grace of seed is not cared of managed regularly with better environment of
quality, it will lose its ability to sprout and lead in vacant fields. The GM
technology reduce all the issues related to the quality of the seed and with
this technology the seed will sprout with the effective quality and lead the
higher profit in the developing countries than the developed countries.
Moreover, the yield gains and pesticide reductions are larger for
insect-resistance crops than for herbicide-tolerant crops. The GM food’s
economic value to farmers is one of its major benefits, including in developing
nations. According to the report analysis, ‘Seed
Industry Research And Market Reports’ states that the more development
in the technology of GM will lead the more sustainable growth in the
agriculture, by employing fewer land, water, and nutrients resources. In a
research it is observed that much of GM crop grown each year is used for livestock
feed and increased demand for meat leads to increased demand for GM feed crops.
With the wide applications of GM technology the market will grow more
significantly in the forecasted period and increased in the potential of
product choice and competition.
In the developed and developing countries the market of seed industry is
expected to grow with the more development in the GM technology. In the Asia
Pacific region, the wide usage of GM technology is leading the significant
growth in the coming years and in the Europe and North America is dominating
the huge share in the market of seed whereas North America seed industry
dominated the global seed market, with a share of around 35%. Moreover, the
Asia-Pacific region is expected to be the fastest growing market with double
digit positive CAGR in the forecasted period. Monsanto, Bayer Crop Science,
Dupont, GroupeLimagrain and others are the major key player of the global seed
industry which make the market more competitive and welcoming the new investors
who are supporting the market financially. Therefore, it is expected in the
coming years the GM technology in the seed industry will grow significantly
over the decades with the more innovations in the technology.
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Ankur Gupta, Head Marketing & Communications
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