Furthermore, increased number of patents granted by India & China in biotech technology is immensely
contributing to market growth in the region over the past few years. Growing importance towards
improvements in quality of seeds for incorporating various production methods and crop protection
strategies is estimated to drive market expansion over the next seven years. Biotech seeds not only serves
as delivery mechanism for plants but also enhances plant genetics.
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Other advantages of biotech seeds include protection against diseases & fungicide, and longer lifecycle of seeds.
These actors are significantly contributing to high-end market demand in the recent years. Biotech seed are also
used to enhance germination rate and offer uniformity, thus overcoming seed dormancy. Biotech seeds are
hydrated in a specified manner, thereby providing enough water to initiate the metabolic processes of
germination.
The market is broadly categorized into four major segments based on the product type such as soybean seeds,
corn seeds, cottonseeds, and canola seeds. The soybean seeds is considered as one of the rapid growing
segment in the biotech seeds market with substantial revenue generation in the last few years. Growing
popularity of the soybean seeds segment is attributed to the increasing demand from Asia Pacific region and
higher market penetration. The corn seeds segment has also witnessed substantial growth owing to the rise in
the demands for biofuels.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America
has shown major growth in recent years owing to the rise in the implementation of latest technologies,
favorable laws & regulation associated with the use of biotech seeds, higher approval rate, rise in the level of
awareness among farmers, increase in the number of research & development activities in the region and
existence of well-established infrastructure.
Asia-Pacific region is predicted to hold major market share in the biotech seeds market with massive growth in
forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with increasing
agricultural activities to sustain ever-growing population, rising disposable income, growing number of patent
regarding incorporation of biotech seeds, and significant investment by leading industry players considering
potential growth opportunities in the region. The key players in the biotech seeds market are Bayer AG, The
Dow Chemical Co., KWS SAAT SE, Limagrain Group, Inc., The Monsanto Co., and Syngenta AG.
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