Transgenic Seeds Market Size, Share, Growth, Trends, and Global Industry Analysis: By Trait Type (Insect Resistance, Pesticide Tolerance, Others), By Crop Type (Cotton, Soybean, Canola, Corn, Fruits and Vegetables, Others), and Region  

Transgenic Seeds Market size was valued at US$ 33 billion in 2022 and is poised to grow at a CAGR of 12.6% from 2023-2029. Transgenic seeds or genetically modified seeds are designed to improve the resistance in plants from drought, rain, diseases, and pets. Transgenic seeds are manufactured by genetic modification process. Transgenic seeds are used to improve the crop yield, nutritional values, and protects the plant from various diseases. However, the major aim of producing these seeds is to introduce a new trait to plant which does not exist in the species naturally. The most commonly used genetically modified seeds include cotton, soybean, canola, corn, and sugar beets among others. Increase in the food consumption around the globe due to increase in global population, rise in cost of fertilizers, growing awareness in farmers about the advantages of transgenic seeds, and increase in R&D activities in agriculture biotechnology are the factors anticipated to fuel the market over the forecast period. However, stringent regulatory policies for product approvals, high cost of R&D activities, and lack of product availability in underdeveloped regions are restraining the growth of market. The transgenic seed market has a major impact on agricultural production. Herbicide tolerance, insecticide resistance, and other features like as changed product quality, disease resistance, and abiotic stress tolerance are all used to classify transgenic seeds.