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The global drought-resistant crops market is projected to register robust growth in the forecast period, 2023-2027. To fulfill the growing food requirements, the increased demand for novel methods in the desert lands and drought-struck areas is driving the global drought-resistant crops market demand. Crops that have been genetically modified to thrive under drought conditions are known as drought-resistant crops.
The crops are unable to withstand the tough climatic and environmental circumstances due to a lack of water and essential nutrients. As a result, there is a need for genetic alterations to be made to plants or their seeds so that the agricultural yields can survive without water even after being grown. Increased scales of research and technology improvements are required to achieve higher crop yields and sustainability in challenging settings. Crops that can withstand droughts are the result of ongoing agricultural research and development. In order to modernize the approach to high-yielding food crops and so ensure global food security, plant biotechnology has improved to offer farmers higher-yielding crops, genetically modified seeds, organic biofertilizers, organic insecticides, etc.
The global drought resistant crops market is segmented into crop type, distribution channel, regional distribution, and competitive landscape. Based on crop type, the market is divided into corn/maize, soybean, cotton, canola, and others. The corn/maize segment is expected to hold the largest market share in the forecast period, 2023-2027. High demand for crop/maize crops in different parts of the world to eat and to make several food items is driving the segment's demand.
On the basis of regional analysis, North America is expected to hold a major market share in the forecast period, 2023-2027. Advancements in technology that can boost the production of genetically modified crops and increased investments in research activities are expected to fuel the market growth in the region.
The major players operating in the global drought-resistant crops market are Bayer CropScience LLC, Syngenta AG, Monsanto Company, BASF SE, Nuseed Pty Ltd., Calyxt Inc., Jk Agri Genetics Ltd., Maharashtra Hybrid Seed Company (MAHYCO), Stine Seed Farm Inc., Cyanamid Agro Ltd.
Years considered for this report:
- Historical Years: 2017-2020
- Base Year: 2021
- Estimated Year: 2022E
- Forecast Period: 2023F-2027F
Objective of the Study:
- To analyze the historical growth in the market size of the global drought resistant crops market from 2017 to 2021.
- To estimate and forecast the market size of global drought resistant crops market from 2022E to 2027F and growth rate until 2027F.
- To classify and forecast the global drought resistant crops market based on crop type, distribution channel, region, and company.
- To identify the dominant region or segment in the global drought resistant crops market.
- To identify drivers and challenges for the global drought resistant crops market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global drought resistant crops market.
- To identify and analyze the profiles of leading players operating in the global drought resistant crops market.
- To identify key sustainable strategies adopted by market players in global drought resistant crops market.
The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of manufacturers across the globe. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the manufacturers, which could not be identified due to the limitations of secondary research. The publisher analyzed the manufacturers, distribution channels and presence of all major players across the globe.
The publisher calculated the market size of the global drought resistant crops market using a bottom up approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.
Key Target Audience:
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, global drought resistant crops market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Drought Resistant Crops Market, By Crop Type:
- Corn/Maize
- Soyabean
- Cotton
- Canola
- Others
Drought Resistant Crops Market, By Distribution Channel:
- Online
- Offline
Drought Resistant Crops Market, By Region:
- North America
- United States
- Mexico
- Canada
- Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Iran
- Israel
- Ethiopia
- South America
- Brazil
- Argentina
- Colombia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global drought resistant crops market.
Available Customizations:
With the given market data, the publisher offers customizations according to a company’s specific needs.
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Table of Contents
1. Product Overview2. Research Methodology3. Executive Summary4. Impact of COVID-19 on Global Drought Resistant Crops Market
Companies Mentioned
- Bayer CropScience LLC
- Syngenta AG
- Monsanto Company
- BASF SE
- Nuseed Pty Ltd.
- Calyxt Inc.
- Jk Agri Genetics Ltd.
- Maharashtra Hybrid Seed Company (MAHYCO)
- Stine Seed Farm Inc.
- Cyanamid Agro Ltd.
