Rising Overseas Demand for Grains to Boost the Market in North America
North America is expected to lead the global GM seed market owing to the rising adoption of GM crops. As per a study by Acquisition of Agri Biotech Applications or ISAAA, North America and South America together account for over 90% of the share in the global market. Overseas demand for soybean and corn crop types is the primary factor creating growth opportunities for the market in these two regions. Canada produced five genetically modified crops which include canola, sugar beet, soybean, alfalfa, and corn.

Asia Pacific is also anticipated to register fastest growth over the forecast years mainly on account of developments in biotechnology. The fluctuating weather conditions and low productivity of crops in countries such as India and China affect the quantity and quality of crops. GM seeds are expected to help produce a better quality of crop yield in these regions, thus driving the market. Also, farmers are becoming more aware about the benefits of genetically modified seeds. This is expected to fuel demand for GM seeds in this region.
Rising Demand for Crop Production to Expand the GM Market

“The rising population is expected to increase the demand for food, subsequently crop production across the world,” stated a lead analyst at Fortune Business Insights. “The conventional agricultural methods are replaced by genetically modified crops as conventional methods were not able to produce a better crop yield to meet the rapidly growing demand,” he added. As a result of this, the demand for genetically modified plants is likely to increase in the forecast years.

Technological advancements in biotechnology are expected to expand the agriculture sector. This is further expected to be a propellant for the growth of GM crops. Also, the adoption of gene modification process in GM seeds is helping in the better crop yield, thus driving the GM seed market.

Order A Complete Research Report On Genetically Modified Seeds Market Report
https://www.fortunebusinessinsights.com/checkout-page/100389