Market OverviewThe Global Bio-Seeds Market is expected to grow at a CAGR of 10.5% during the forecasting period (2020-2027).Bio-seeds are also known as genetically-modified crops that have been modified to obtain certain characteristics such as resistance to herbicide and resistance to insects.
The key benefits through the adoption of GM seeds in agricultural production include higher crop yield, reduced pesticide consumption, and increased profits.
Growing adoption of sustainable agricultural practices by the farming communities across the globe to improve profits and reduce the capital cost associated with farming is a major factor driving the global bio-seed market.
Download free sample: https://www.datamintelligence.com/download-sample/bio-seeds-market Market Dynamics:Increasing annual acreage of GM crops owing to its technical and economic advantages over conventional seed is the primary factor driving the global bio-seed market.
Additionally, recent technological innovation and regulatory approvals for new bio-seeds with additional drought tolerance are further boosting the market for bio-seeds globally during the forecast period.
According to the study published in International Service for the Acquisition of Agri-Biotech Applications (ISAAA), the annual plantations of GM crops increased from 185.1 million hectares in 2016 to 189.8 million hectares in 2017.However, high government regulations over usage of bio-seed in cultivation and growing demand for non-GMO foods are major factors driving the global bio seeds market.
Market OverviewThe Global Bio-Seeds Market is expected to grow at a CAGR of 10.5% during the forecasting period (2020-2027).Bio-seeds are also known as genetically-modified crops that have been modified to obtain certain characteristics such as resistance to herbicide and resistance to insects.
The key benefits through the adoption of GM seeds in agricultural production include higher crop yield, reduced pesticide consumption, and increased profits.
Growing adoption of sustainable agricultural practices by the farming communities across the globe to improve profits and reduce the capital cost associated with farming is a major factor driving the global bio-seed market.
Download free sample: https://www.datamintelligence.com/download-sample/bio-seeds-market Market Dynamics:Increasing annual acreage of GM crops owing to its technical and economic advantages over conventional seed is the primary factor driving the global bio-seed market.
Additionally, recent technological innovation and regulatory approvals for new bio-seeds with additional drought tolerance are further boosting the market for bio-seeds globally during the forecast period.
According to the study published in International Service for the Acquisition of Agri-Biotech Applications (ISAAA), the annual plantations of GM crops increased from 185.1 million hectares in 2016 to 189.8 million hectares in 2017.However, high government regulations over usage of bio-seed in cultivation and growing demand for non-GMO foods are major factors driving the global bio seeds market.