ISAAA
Briefs No. 32-2004: Executive Summary
Global
Status of Commercialized Biotech/GM Crops: 2004
The Global Value of the Biotech Crop Market
- In
2004, the global market value of biotech crops, forecasted by Cropnosis,
was $4.70 billion representing 15% of the
$32.5 billion
global crop protection market in 2003 and 16% of the $30 billion global
commercial seed market. The market value of the global biotech crop market
is based on the sale price of biotech seed plus any technology fees that
apply. The accumulated global value for the nine year period 1996 to
2004, since biotech crops were first commercialized in 1996, is $24 billion.
The global value of the biotech crop market is projected at more than
$5 billion for 2005.
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