Biotech Updates

GM Seeds Market Expected to Rise Swiftly in Asia Pacific

March 27, 2019

Asia Pacific is projected to have the fastest growth in GM seeds market in the coming years. This is according to the analysis report released by Coherent Market Insights of the Genetically Modified Seeds Market, By Crop Type, and By Trait-Global Industry Insights,Trends, Outlook, and Opportunity Analysis, 2018-2026

According to the report, which quotes GM crop adoption data from ISAAA, North America dominated the genetically modified seeds market in 2016, owing to high adoption of genetically modified or biotech crops in the region. It was highlighted that the support of the government of Canada in the promotion of GM seeds is one of the major factors fueling the growth of the market in the country. Furthermore, Asia Pacific is projected to exhibit the fastest growth over the forecast period. Strong growth has been noted in emerging countries in the region, particularly in India and China. The adoption of GM seeds has been linked to different advantages like cost savings on the use of insecticides and enhanced crop yields. These factors contributed to the rising demand of GM seeds in Asia Pacific. 

Read more from Coherent Market Insights.