Market - - Oct 11,2017
Manufacturers of GMO crops and seeds are working to offer new GM crops that not only offer resistance to pests and diseases but provide increased tolerance to herbicides.
Over the years, it has been observed that seeds and yields which are modified genetically have proven beneficial for expanding horticulture yield. Furthermore, the agricultural industry has been actively encouraging technological development in order to enhance GMO crops.
One of the prime reasons for supporting GMO seeds and crops is due to the premium characteristics such as longer shelf life and greater resistance to insects. It is also recorded that, manufacturers of GMO crops and seeds are developing new GM crops which not only offer resistance to pests and diseases but also hold increased tolerance to herbicides such as vitamin A-fortified wheat and rice. According to research statistics, the global market for GMO crops and seeds is anticipated to be valued US$ 36,653.2 Mn by the end of 2022; the market is likely to acquire a healthy CAGR of 8.3% during this period.
The different GMO crops circulated in the market include soybean, corn, alfalfa, sugar beets, papaya, apple, zucchini, potato, and others. However, the corn segment dominates the global market for GMO seeds and crops. Geographically, the major regions linked to the production of GMO crops and seeds are Latin America, Europe, MEA, North America and Asia Pacific excluding Japan. Among these, North America leads the global market.
Although GMO crops and seeds are not proven to be damaging to but research reports recommend that modified crops may adversely impact food chains and the environment. It is further projected that GMO crops might pose health hazards that range from toxicity to bigger risk of allergies.
For more information on this report visit- https://www.mrrse.com/gmo-crops-seeds-market