GMO Corn Market

GMO Corn Market is anticipated to grow at a CAGR of 9.2% during forecast period due to its higher level of hardiness and can be resilient in difficult growing conditions.

Introduction of the GMO Corn Market Report

GMO corn is a type of genetically modified organism. A GMO is a plant or animal on which genetic modification is performed through the addition of a small quantity of genetic material from other organisms through molecular techniques. Currently, the GMOs on the market today have been given genetic traits to offer protection from pests, tolerance to pesticides, or improve their quality.

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Market Dynamic

Key Drivers and Emerging Trends

The factors fuelling the GMO Corn Market growth includes increasing adoption of advanced bioengineering technologies by farmers, strategic partnership between the leading players in agriculture sector to improve the production and rising sales of GMO Corns via direct channels. According to the report by GMO Answers, nearly 17 million farmers cultivate GM crops, in more than 70 countries, in 2018. Also, farmers in developing markets generated a revenue of USD 4.41 by investing in genetically engineered crop seeds, which is projected to expand the GMO Corn Market size in the approaching years. In addition, the significant increase in the number of stacked trait products and government initiatives such as funding to encourage the education on agriculture biotechnology, and the growing demand for GMO crops to safeguard food security primarily in the China are driving the market growth. For instance, the United States Government allocated USD 7.5 million to sponsor the Agricultural Biotechnology Education and Outreach Initiative, intending to provide education on agricultural biotechnology and food and animal feed ingredients obtained from biotechnology. Moreover, GM crops have been accounted as a feasible source to feed China’s huge population, while minimizing the country’s reliance onleading agricultural exporters. However, biotoxins present in the GMO Crops will hamper the market growth over the coming years.

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Trait – Segment Analysis

Based on the Trait, the Stacked segment is expected to grow at a higher CAGR during the forecast period. The Stacked hybrids, which offer resistance from both weed and insect, provided the highest yield increases. According to the researchers, it is estimated that insects are responsible for a 31.2 percent yield loss and that weeds cut yields by 10.5 percent in corn across the globe. In addition to that, over the past 10–15 years, there has been a notable increase in the number of stacked trait products developed and released due to their unique characteristics.

Application – Segment Analysis

Based on the Application, the Feed & Residual segment is expected to grow at a higher CAGR during the forecast period. Currently, more than 340 GMP crop events/lines have been approved for feed use. GMO corn has also benefited the livestock sector as they have enhanced yields of a feed ingredient, have improved quality traits, and are safer for livestock. Furthermore, as a source of livestock feed components, the relevant GMO crops include corn, canola, cottonseed, soybean, and potato. These crops are principally used in livestock feed rations either as an energy and/or protein source.

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Regional – Segment Analysis:

Based on the region, the North-America region is projected to dominate the market during the forecast period. The growth of this region can be attributed due to the cultivation of corn crops in large quantities. Overseas demand for America’s cultivated corn plays an essential role in deciding the planted area and demand for planting seeds. For instance, China approved five GMO crops for import from the U.S. and the same has supported the expansion of GMO corn in this region. Hence, due to such factors, the North-America region is expected to account for the largest GMO corn market share.

Top Market Players

Various notable players operating in the market include AgReliant Genetics, LLC, BASF SE, Bayer AG, CANTERRA SEEDS, Dow AgroSciences LLC, DuPont, Groupe Limagrain Holding SA, Land O’Lakes, Monsanto Company, Syngenta AG, among others. 

Key Developments:

• • In 2020, BASF SE marked a 25-year partnership with USask Crop Development Centre. This collaboration is in addition to the more than $12 million the company has already invested in the research and development related to crop genetics, facility enhancements.
  • In 2019, Syngenta AG focused on soybeans and rebuilding corn as it moved away from cereal breeding, as the company believes that growth potential is solidly in soybeans and corn.
  • In 2018, DuPont announced of putting off trials needed for approval to sell a genetically modified variety of corn; they took a cue from US rival Monsanto that also pulled a similar application due to intellectual property concerns.

Segments covered in the Report:

The global GMO Corn market has been segmented on the basis of Trait, Sales Channel, Application, and regions. Based on Trait, the market is segmented into Herbicide Tolerant, Insect Tolerant, Stacked (HT+IT) and Others. Based on Sales Channel, the market is segmented into Direct Sales, Modern Trade, Convenience Store, E-Retailers and Others. Based on Application, the market is segmented into Food, Feed & Residual, Biodiesel and Others. 

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Key questions answered in this research report:

• • At what pace is global GMO Corn market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in GMO Corn market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global GMO Corn market?
  • Which Trait generated maximum revenues in 2020 and identify the most promising Trait during the forecast period?
  • What are the various Sales Channel areas of global GMO Corn market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global GMO Corn Market by Trait

• • Herbicide Tolerant
  • Insect Tolerant
  • Stacked (HT+IT)
  • Others

Global GMO Corn Market by Sales Channel

• • Direct Sales
  • Modern Trade
  • Convenience Store
  • E-Retailers
  • Others

Global GMO Corn Market by Application

• • Food
  • Feed & Residual
  • Biodiesel
  • Others

Global GMO Corn Market by Region

• • North America GMO Corn Market (Option 1: As a part of the free 25% customization)
    • By Trait
    • By Sales Channel
    • By Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe GMO Corn Market (Option 2: As a part of the free 25% customization)
    • By Trait
    • By Sales Channel
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific GMO Corn Market (Option 3: As a part of the free 25% customization)
    • By Trait
    • By Sales Channel
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW GMO Corn Market (Option 4: As a part of the free 25% customization)
    • By Trait
    • By Sales Channel
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the GMO Corn (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • AgReliant Genetics, LLC
  • BASF SE
  • Bayer AG
  • CANTERRA SEEDS
  • Dow AgroSciences LLC
  • DuPont
  • Groupe Limagrain Holding SA
  • Land O’Lakes
  • Monsanto Company
  • Syngenta AG

GMO Corn Market [UP508A-00-0620]