Growing instability in global weather conditions continues to hinder the farming produce, and agriculturists are compelled to adopt new techniques.
Maize crops or corn, which are among the key source of energy for consumers, are being cultivated as genetically modified organisms (GMO) to meet the growing demands.
Bioengineering technologies are being adopted by farmers, and leading biotech companies are partnering with agriculture sector players to promote production of GMO corn.
Government initiatives towards extending the penetration of GMO techniques in agriculture sector is also driving the growth of global GMO corn market.
However, increasing awareness on the presence of biotoxins in GMO crops has emerged as a key deterrent for consumption of GMO corn.
According to a new forecast report by Fact.MR, the global GMO corn market is poised to expand at a value CAGR of 9.2% over the forecast period, 2017-2026.
By the end of 2026, more than 1,800 million units of GMO corn are expected to be consumed across the globe.
High Demand for GMO Corn with Stacked Traits
The report projects that over the forecast period, GMO corn with insect tolerant traits shall register the highest global volume CAGR of 9%.
The report further estimates that demand for GMO corn with stacked traits of herbicide and insect tolerance will register sales of over 1,000 million units by the end of 2026.
The report further reveals that majority of GMO corn will be sold through direct sales. In 2017, more than 380 million units of GMO corn were directly sold to the consumers across the globe.
Through 2026, modern trade sales of GMO corn are expected to pick up momentum at a healthy CAGR of 8.9% in terms of volume.
Demand for GMO corn in Feed & Residual Applications to Gain Traction
Key findings from the report reveal that food applications of GMO corn will not dominate the global GMO corn market in terms of volume.
Interestingly, their use in feed production and residual applications will account for global sales of over 760 million units of GMO corn by the end of 2026.
The report also reveals that North America will be the largest consumer of GMO corn, while the Asia-Pacific excluding Japan (APEJ) will spearhead the global GMO corn production.
Higher acceptance of GMO crops among consumers in the US and Canada will keep North America at a leading position in the expansion of the global GMO corn market through 2026.
Companies spearheading the global production of GMO corn have been profiled in the report. These include
- AgReliant Genetics LLC
- Bayer CropScience
- Canterra Seeds
- Dow Agroscience
- Groupe Limagrain
- Kleinwanzlebener Saatzuch SAAT SE
- Land O'Lakes
- Monsanto Company
- Syngenta AG
- Takii Seed.
Majority of these companies are expected to focus on extending collaborations with governments and capitalize from initiatives promoting the GMO cultivation practices to meet future demands.
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GMO Corn Market Scope Of The Report
Over the recent past, cultivation of corn through GMO techniques has gained considerable grounds across the globe.
Demand for genetically engineered maize continues to grow actively on the back of health benefits such as resistance against diseases and decimation of disease-carrying genes.
Agriculturists are seeking collaboration of food tech giants to explore new avenues in bioengineering of corn plants.
This report, published by Fact.MR, provides in-depth analysis of the global GMO corn market for the forecast period 2017-2026, and offers key insights about future market direction.
The scope of Fact.MR’s report is to analyze the global GMO corn market for the forecast period 2017-2026 and provide readers an unbiased and accurate analysis. GMO corn manufacturers, stakeholders, and suppliers in the global food & beverage sector can benefit from the analysis offered in this report.
This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to GMO corn.
The report commences with a brief information of the global GMO corn market. This executive summary sets the tone for the rest of the report, providing users the scope of the report.
The executive summary includes important facts and statistics on the global GMO corn market.
The next section offers an overview of the global GMO corn market. This comprises an introduction to the market, along with a standard definition of the product – GMO corn.
In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives.
Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global GMO corn market, the report provides updates about market opportunities, which can benefit leading manufacturers of GMO corn.
With continuous evolution of the food & beverage sector, keeping a record of latest developments and trends is fundamental for GMO corn manufacturers to formulate key business strategies.
Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
Considering the wide scope of the global GMO corn market and to offer in-depth insights, Fact.MR’s report provides segment-wise analysis and forecast.
The type of trait modified, sales channel, and application of GMO corn have been segmented in the analysis, which also includes a regional breakdown.
This segmentation analysis is comprehensive, coupled with a detailed country-wise forecast provided on all parameters.
The report’s last section comprises of the global GMO corn market competitive landscape, to provide readers with the dashboard view of company analysis and market players.
This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global GMO corn market.
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research.
We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
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