Transgenic Seeds Global Market Report 2024

The transgenic seeds market has grown rapidly in recent years. It will grow from $44.02 billion in 2023 to $50.24 billion in 2024 at a compound annual growth rate (CAGR) of 14.1%. The expansion observed in the historical period can be ascribed to a rise in construction activities, heightened awareness of environmental impact, government regulations, an upsurge in outdoor events, and progress in turf management.

The transgenic seeds market is expected to see rapid growth in the next few years. It will grow to $81.16 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%. The anticipated expansion in the forecast period can be linked to challenges posed by climate change, the increasing prevalence of sustainable landscaping practices, the development of sports infrastructure, the proliferation of recreational spaces, and urban greening initiatives. Key trends expected during the forecast period encompass solutions for disease and stress management, progress in formulations, precision application technologies, the introduction of resilient turf varieties, the adoption of organic turf management approaches, and initiatives focused on education and training.

The future growth of the transgenic seed market is expected to be propelled by an increase in agricultural productivity. Agricultural productivity serves as a metric for the market value of crop yield within an agricultural production system utilizing inputs such as land, labor, capital, and other resources. Transgenic seeds play a vital role in agricultural production by enabling the cultivation of more food with fewer resources. The utilization of transgenic seed technology to enhance yield, minimize agricultural land usage, and consequently boost profits for farmers contributes to the overall growth of the transgenic seed market. For example, Eurostat reported in November 2022 that Europe produced 297.5 million metric tons of harvested grains, including rice, in 2021 - an increase of 4.2%, or 12.1 million metric tons, from 2020. Additionally, the Food and Agriculture Organization reported in December 2022 that global primary crop production rose by 2% from 2020 to reach 9.5 billion tons in 2021. Thus, the drive for increased agricultural productivity is a significant factor in the growth of the transgenic seed market.

The increasing impact of climate change is anticipated to drive the growth of the transgenic seed market in the future. Climate change, characterized by long-term shifts in temperatures and weather patterns, is primarily attributed to human activities releasing greenhouse gases into the atmosphere. Transgenic seeds contribute to mitigating the effects of climate change by maintaining higher yields under stress conditions and reducing the necessity for land expansion and deforestation - significant sources of greenhouse gas emissions. As evidence, the National Oceanic and Atmospheric Administration reported in January 2023 that the global surface temperature increased from 1.51 °F in 2021 to 1.55 °F in 2022, with projections estimating a further increase to 2.7 °F by 2050. Consequently, the escalating impact of climate change is a driving force behind the growth of the transgenic seed market.

A prominent trend gaining traction in the transgenic seed market is product innovation, with major companies strategically focusing on developing inventive products to maintain and enhance their market positions. Corteva Inc., a US-based agriculture company, exemplifies this trend by launching Conkesta E3, a genetically modified soybean seed, for Brazilian farmers in August 2021. Recently authorized by the European Union Commission, Conkesta E3 soybeans boast robust genetics and comprehensive lepidopteran insect protection as part of the Enlist weed control system. This system provides flexibility and superior control of broadleaf weeds and grasses, ultimately enhancing crop production efficiency.

In January 2022, BASF SE, a US-based manufacturer of chemicals, plastics, and crop protection products, made an undisclosed acquisition of ASL. This strategic move is expected to bolster BASF's position as a preferred partner in the fruit and vegetable value chain by offering highly innovative melon varieties. The acquisition grants BASF access to ASL's extensive melon breeding program, encompassing a diverse range of varieties such as cantaloupes, honeydews, and watermelons. ASL, a France-based provider, specializes in genetically modified melon solutions.

In February 2021, as International Flavors and Fragrances (IFF) Inc., a US-based manufacturer of flavor and fragrance products, merged with DuPont’s Nutrition and Biosciences Business (DuPont) in a $7.3 billion deal, with IFF owning 55.4% of the combined company. Through this merger, DuPont’s Nutrition and Biosciences Business aims to strategically focus, make targeted adjustments to its reporting structure, and establish itself as a leading ingredient and solution provider across a broad range of end markets. DuPont's Nutrition and Biosciences Business is a US-based chemical manufacturing company involved in the production of genetically modified seeds and products.

Major companies operating in the transgenic seeds market report are BASF SE, DuPont de Nemours Inc., Syngenta AG, Vilmorin And Cie SA, Bayer AG, The Monsanto Company, Maharashtra Hybrid Seeds Company Private Limited, JK Agri Genetics Ltd., Bejo Zaden B.V., Groupe Limagrain, Kaveri Seed Company Ltd., Land O Lakes Inc., Calyxt Inc., REAL SEED, SCC GmbH, Longping High-Tech, Dow Chemical Company, E.I. Du Pont De Nemours and Company, Suntory Holdings Limited, J.R. Simplot Company, Beijing Dabeinong Technology Group Co. Ltd., Sakata Seed Corporation, Takii & Co. Ltd., Enza Zaden B.V., KWS SAAT SE & Co. KGaA, DLF Seeds A/S, Advanta Limited, Nufarm Limited, Origin Agritech Limited, China National Chemical Corporation, Hefei Fengle Seed Co. Ltd., Anhui Huaxing Chemical Industry Co. Ltd.

North America was the largest region in the transgenic seeds market in 2023. The regions covered in the transgenic seeds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the transgenic seeds market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary categories of land utilized for transgenic seeds are farmland and greenhouses. Farmland constitutes arable land planted with perennial crops and utilized for perennial pastures. In the context of transgenic seeds, farmland serves as the area for crop production, incorporating a specific DNA segment into the plant's genome to induce the development of novel or distinct traits. These traits encompass features such as herbicide tolerance, insect resistance, and others. Various crop types, including maize, cotton, rice, soybeans, canola, and more, are cultivated on farmland using transgenic seeds. Industries that utilize these seeds include those focused on insect resistance, herbicide tolerance, virus resistance, altered oil composition, delayed fruit ripening, male sterility, and restorer systems.

The transgenic seeds market research report provides transgenic seeds market statistics, including transgenic seeds industry global market size, regional shares, competitors with a transgenic seeds market share, detailed transgenic seeds market segments, market trends and opportunities, and any further data you may need to thrive in the transgenic seeds industry. This transgenic seeds market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The transgenic seeds market consists of sales of genetically modified seeds of potatoes, squash, zucchini, alfalfa, papaya, apple, and tomato. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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