Biotech Updates

GM Crops Contributing to Increased Global Seed Market

January 13, 2012

The Global Seeds Market Report: 2011 Edition published by Koncept Analytics says that the United States and China are  the leading seeds markets in the world. The U.S. accounts for the maximum share of the total acreage of genetically modified (GM) crops. The leading companies in the global seed market are Dupont, Monsanto, Syngenta, and Bayer Crop Science among others.

Increased land reclamation for agriculture, better infrastructure, scientific development, better logistics and modern management techniques are identified as reasons for the growth in the overall seeds market, especially in GM seeds. The global market for biotech seeds is forecasted to grow about 25.6% during 2011-2013.

The report further notes that the growth in the seed market is attributed to the "success of hybrid and genetically engineered seeds in increasing crop production, recognition of the potential of GM seeds by the governments and institutions worldwide and increasing adoption by small as well as big farmers."

Check out for an abstract of the report.