Genetically Modified Seeds Market Size, Share, Growth Analysis, By Crop Type(Insect Tolerance, Herbicide Tolerance), By Region - Industry Forecast 2024-2031

Global Genetically Modified Seeds Market size was valued at USD 24.68 billion in 2022 and is poised to grow from USD 25.99 billion in 2023 to USD 39.28 billion by 2031, at a CAGR of 5.30% during the forecast period (2024-2031).

Genetically modified seeds are created in a laboratory using genes from other plants to change their characteristics. These seeds can be more resistant to drought or resistant to weed growth. Fertilizing the crops can help them produce more crops.

Genetic alteration is an important tool used in agricultural techniques, most notably the creation of genetically modified seeds and crops. GMO seeds have many benefits over conventional seeds, including higher yields on the same or less land, reduced crop damage from weeds, diseases, and insects, and the potential for improved nutritional value or other health benefits. The genetically modified seed market is expected to grow significantly over the next several years due to increasing adoption of biofuels made up of genetically modified energy crops, such as wheat, soybean, sugarcane, and corn.

This growth is likely to be driven by growing concerns about the environmental and social impacts of traditional farming practices. The governments of countries in the developing world, as well as Africa, are encouraging farmers to use genetically modified seeds over conventional ones in order to increase crop yields and drive growth in the global genetically modified seed market.

US Genetically Modified Seeds Market  is poised to grow at a sustainable CAGR for the next forecast year.