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The Genetically Modified (GM) Seeds Market size is forecast to increase by USD 12.80 billion, at a CAGR of 7.08% between 2023 and 2028. The market is being driven by several key factors. There is a rising adoption of genetically modified (GM) seeds in biofuel production, which enhances the efficiency and sustainability of biofuel crops. Additionally, the high demand for crop production to meet the growing global food needs is pushing farmers to adopt more efficient agricultural practices. The growing need for pest and disease resistance in crops also contributes to the market's growth, as GM seeds offer robust solutions to these challenges. These factors collectively underscore the importance of advanced agricultural technologies in meeting the demands for biofuels, increased crop yields, and resilient crop varieties.
Moreover, the market in North America experiences rapid growth due to extensive adoption and innovative advancements in agricultural biotechnology. BASF SE provides genetically modified seeds, offering benefits such as mitigating soil erosion and preserving biodiversity. This market shows promising trends with a focus on convenience, consumer preferences, and global consumption patterns. Forecasts and analysis indicate a steady rise in market demand and highlight the significant role of biotechnology in shaping the agricultural sector.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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