According to preliminary data, the agricultural sector contributed around 6.8 percent to the gross domestic product (GDP) of China in 2024, whereas 36.5 percent of the economic value added originated from the industrial sector and 54.6 percent from the service sector, respectively. The total GDP of China at current prices amounted to approximately 134.91 trillion yuan in 2024. Economic development in China The gross domestic product (GDP) serves as a primary indicator to measure the economic performance of a country or a region. It is generally defined as the monetary value of all finished goods and services produced within a country in a specific period of time. It includes all of private and public spending, government spending, investments, and net exports which are calculated as total exports minus imports. In other words, GDP represents the size of the economy.With its national economy growing at an exceptional annual growth rate of above nine percent for three decades in succession, China had become the worlds’ second largest economy by 2010, surpassing all other economies but the United States. Even though China's GDP growth has cooled down in recent years, its economy still expanded at roughly two times the pace of the United States in 2024. Breakdown of GDP in China When compared to other developed countries, the proportions of agriculture and industry in China's GDP are significantly higher. Even though agriculture is a major industry in the United States, it only accounted for about one percent of the economy in 2023. While the service sector contributed to more than 70 percent of the economy in most developed countries, it's share was considerably lower in China. This was not only due to China's lower development level, but also to the country’s focus on manufacturing and export. However, as the future limitations of this growth model become more and more apparent, China is trying to shift it's economic focus to the high-tech and service sectors. Accordingly, growth rates of the service sector have been considerably higher than in industry and agriculture in the years before the spread of the coronavirus pandemic.

Revenue for the Farming Machinery Manufacturing industry is expected to increase at an annualized 0.8% over the five years through 2024, to total $14.9 billion. Increasing export volumes, rising domestic demand and consistent government subsidies supported growth earlier in the period. Industry revenue is expected to increase by 2.4% in 2024, following declines in the previous two years. Agricultural machinery has gradually increased in quality, and high-tech and advanced products have become highly popular among the industry's markets. However, market demand is shifting and competition among similar products has increased. State policies have significantly affected the industry. The government increased its support for companies to purchase farming machinery, increasing domestic demand earlier in the period. Exports represent a significant share of industry revenue. In the past five years to 2024, exports will increase at a CAGR of 4.6%, to $3,9 billion, accounting for 26.2% of industry revenue. Weak demand from foreign markets have resulted in a slightly growth of 0.8% in exports in 2022 and a drop of 19.3% in 2023. Competing imports will grow at a CAGR of 10.0%, to $835.0 million, and representing 7.1% of domestic demand in 2024. Industry profit is expected to total 7.3% of revenue in 2024. Total wages are expected to rise by an annualized 0.7% over the five years through 2024, to $1.1 billion.Industry revenue is forecast to grow at an annualized 3.0% over the five years through 2029, to total $17.2 billion. Domestic demand is anticipated to increase for high-tech and advanced automated machinery. Additionally, government support for the agricultural sector is projected to continue increasing.

Abstract

Improving market access of smallholder farmers in the developing world is considered an important approach to moving them out of poverty and increasing their economic mobility. In China, rural poverty has declined at a phenomenal speed within just two decades, and much of this success story is attributable to rapid income growth in rural areas. Thus, having a good understanding of how development efforts in rural China may help alleviate poverty and improving economic mobility is of particular interest for policy, as they are instrumental in informing future project design and scaling-up of success stories to other regions in China as well as to other countries.

The Guangxi Integrated Agricultural Development Project (GIADP) is an example of a development effort aimed at increasing rural household income in China through three project components: community infrastructure development, agricultural production and marketing support, and rural environmental improvement. GIADP is a multi-component rural development project which took place in the Guangxi Zhuang Autonomous Region (GZAR) of the People's Republic of China. The project was approved by the Executive Board of IFAD in December 2011, and entered into effect in January 2012. The project completed its interventions and activities in March 2017. The main focus of the project is to foster rural development and poverty reduction. The project consists of three components: (1) community infrastructure (rural road and irrigation infrastructures), (2) agricultural production and marketing support, and (3) rural environmental improvement.

Through the activities implemented during the course of GIADP, project beneficiaries are expected to increase their revenue from agricultural production through innovative approaches. Thus, the focus of this impact assessment is to investigate the extent to which the project may help its beneficiaries increase their revenue from production and other related outcomes. Further, we are interested in impact heterogeneity, in other words, assessing the extent to which the different types of interventions implemented by GIADP generated an impact.

For more information, please, click on the following link https://www.ifad.org/en/web/knowledge/-/publication/impact-assessment-guangxi-integrated-agricultural-development-project.

Geographic coverage

Regional coverage

Analysis unit

Households

Kind of data

Sample survey data [ssd]

Sampling procedure

For details on the sampling strategy, you can consult the appendix of the Impact Assessment plan in the documentations tab.

Mode of data collection

Computer Assisted Personal Interview [capi]

Research instrument

The questionnaire collected information about socioeconomic characteristics, livelihood and income-generating activities, and access to information, social capital, and social support.

Note: some variables may have missing labels. Please, refer to the questionnaire for more details.

Revenue for the Animal Food Manufacturing industry in China has increased over the past five years. Due to China's economic development and improving living standards of Chinese residents, Chinese consumers have been able to afford higher-quality and more diverse food products, including meat, dairy, and other animal-based products. In addition, more people choose to purchase pet food to raise pets, and this trend has also driven the industry revenue growth. However, the trade war between China and the US, and diseases like African swine fever have restricted industry revenue growth over past five years. Industry revenue is expected to increase at an annualized 9.1% over the five years to 2024, including an increase of 1.9% in 2024.The next stage of industry growth is expected to be firms that develop safe, healthy, and environmentally friendly animal feed. To achieve this, products prices will likely increase, and standards will need to be backed up by stricter laws. Industry revenue is forecast to grow by an annualized 4.9% over the five years through 2029. This growth is anticipated to be driven by the Chinese Government's support of the domestic agricultural sector. As domestic standards rise in line with international standards, large industry groups will likely be established. Larger companies are projected to establish brand names, while many small companies are projected to exit the industry due to low profitability and being unable to meet new standards. In the next five years, the number of enterprises will increase at a CAGR of 1.8% and the number of establishments will increase at a CAGR of 2.2%.

Revenue for the Poultry Farming industry in China is expected to grow at an annualized 5.2% over the five years through 2023, to $135.2 billion. This steady growth has occurred due to rising poultry prices and output growth. Total poultry meat output is expected to increase by 3.2% in 2023, to 25.2 million tons, while revenue is set to grow by 5.4%. For a typical poultry farm, feed and poultry prices largely determine returns.Profitability can vary significantly among establishments and across different regions. ACMR-IBISWorld estimates the industry's overall profit margin to be 13.0% in 2023.Revenue is forecast to rise at an annualized 4.3% over the five years through 2028, to total $167.1 billion. China is the largest egg producer in the world, accounting for over 35% of global production. While egg consumption in China is about twice the global level, the domestic market for eggs is near saturation point. However, farmers have opportunities in the poultry meat product segment. Poultry meat is becoming increasingly important in the population's diet as a healthier alternative to other meats. Additionally, poultry meat represents only an estimated 23.0% of total meat consumed in China, much lower than the world average. Although pork is still the most popular meat consumed in China, its share of revenue has decreased over the past five years.

Revenue for the Pig Farming industry in China is expected to grow at an annualized 14.0% over the five years through to 2023, to $93.2 billion. This trend includes an anticipated rise of 5.8% in the current year. Rising domestic living standards and purchasing power have stimulated demand for pork. Many small and mid-size pig farming enterprises have exited the industry since 2012, having been affected by the implementation of strict environmental regulations in China. Moreover, due to the strong fluctuations in meat prices, the number of slaughtered fattened hogs decreased from 708.3 million to about 671.3 million over the period.Profit varies monthly due to fluctuations in pork prices and market demand. It also varies greatly among enterprises and across regions. In 2023, profit for the average industry enterprise is estimated at 7.5% of revenue. But the domestic pork price is falling in 2023, profit margins for pig farms will decrease rapidly. Although pork is still the most popular meat consumed in China, other meats such as chicken, beef and mutton are growing in popularity.Revenue growth is projected to slow to an annualized 5.2% over the five years through 2028, to reach $120.3 billion. Trends over the next five years are anticipated to include introduction and application of advanced farming models, the exit of small farms, and growth in the number of scaled and intensive farming enterprises. All of these trends are projected to increase farm productivity and reduce operational costs.

Agricultural Crop Insurance Market Outlook

The agricultural crop insurance market size is expected to witness substantial growth over the forecast period, with a compound annual growth rate (CAGR) of 6.5% from 2024 to 2032. In 2023, the market size was approximately USD 35 billion, and it is projected to reach around USD 61 billion by 2032. The primary drivers of this market expansion include increasing climate variability, growing awareness among farmers about crop insurance benefits, and supportive governmental policies promoting agricultural insurance schemes.

The increasing unpredictability of weather patterns due to climate change has made crop insurance an essential risk management tool for farmers. Natural catastrophes such as floods, droughts, hailstorms, and pest invasions have become more frequent and severe, causing significant crop losses. Consequently, farmers are increasingly relying on crop insurance to mitigate financial risks associated with such unpredictable events. This heightened awareness and adoption of crop insurance policies among the farming community are major growth drivers of the market.

Government initiatives and subsidy programs across various countries are further propelling the growth of the agricultural crop insurance market. Many governments are providing financial subsidies to lower the premium costs for farmers, making insurance more affordable. In addition, regulatory frameworks and policies favoring the agricultural sector's sustainability are encouraging the adoption of crop insurance. For example, programs like the Federal Crop Insurance Program (FCIP) in the United States and the Pradhan Mantri Fasal Bima Yojana (PMFBY) in India have significantly contributed to the market's expansion.

Technological advancements in the agricultural sector have also played a critical role in the growth of the crop insurance market. The integration of technologies such as satellite imagery, drones, and advanced data analytics in farming operations has improved the accuracy of loss assessments and claims processing. These innovations have enhanced the efficiency and reliability of crop insurance schemes, making them more attractive to farmers and agribusinesses alike. This technological synergy is expected to continue driving market growth over the coming years.

Regionally, North America holds a significant share of the agricultural crop insurance market, mainly due to well-established insurance infrastructure and strong governmental support. However, regions like Asia Pacific and Latin America are expected to witness the fastest growth during the forecast period. The increasing agricultural activities, coupled with rising awareness and supportive government policies in countries like China, India, and Brazil, are expected to fuel market growth. The European market is also anticipated to grow steadily, driven by increasing focus on sustainable agriculture and risk management strategies.

Coverage Type Analysis

In the agricultural crop insurance market, different coverage types like Multi-Peril Crop Insurance (MPCI), Crop-Hail Insurance, Revenue Insurance, and others play significant roles. Multi-Peril Crop Insurance (MPCI) is one of the most popular types, providing comprehensive coverage against a wide range of risks including natural disasters, diseases, and pests. The extensive protection offered by MPCI makes it a preferred choice among farmers. This type of insurance is particularly crucial in regions prone to various climatic adversities, ensuring farmers' financial stability in case of crop failure.

Crop-Hail Insurance, on the other hand, is more specific and provides coverage against damage caused by hailstorms. This type of insurance is essential for regions where hailstorms are common, offering farmers a targeted risk management solution. Crop-Hail Insurance is usually purchased as a supplement to MPCI or other basic insurance policies. The specificity and focus of this insurance type make it a vital segment of the market, catering to the unique needs of farmers in hail-prone areas.

Revenue Insurance is designed to cover the potential loss of revenue due to a decrease in crop yields or market prices. This type of insurance provides a safety net for farmers, ensuring they receive a guaranteed income despite fluctuations in market conditions or adverse weather impacts. Revenue Insurance is particularly beneficial for large-scale agribusinesses and commercial farmers who operate in volatile market environments. The growing demand for stable income sources in the agricultural secto

Based on the survey data of 420 vegetable farmers in China, the logit model is used to analyze farmers’ adoption motivation of pollution-free vegetable farming and quantify the degree to which pollution-free vegetable farming is the result of economic benefits, information acquisition, moral obligation incentives or a combination of these motivations. The results reveal that besides the effects of non-farm income and vegetable acreage in farm characteristics, farmers’ adoption of pollution-free vegetable farming is mainly motivated by economic, informational and moral incentives. Specifically, pollution-free vegetable price, economic support from the governments, joining rural economic organizations and market supervision are verified to affect farmers’ adoption positively. Relative to the incentives from information acquisition and moral obligation, economic benefits play a greater role in promoting farmers’ pollution-free vegetable farming. Economic support from the governments has the biggest impact on adopting pollution-free vegetable farming. Therefore, pollution-free vegetable farming may be promoted towards a profit-driven way. Furthermore, it is necessary to explore a joint mechanism between farmers and rural economic organizations, and provide agricultural extension services with a joint goal of agri-food yield and safety. Market supervision also needs to be strengthened by improving relevant laws and rules and implementing them more strictly. This study contributes to identify the factors affecting farmers’ PFVF adoption. The results show that farmers are mainly motivated by multiple objectives including economic benefits, information acquisition and moral obligation. The research reveals that the assumption of economic motive alone may be inadequate in the understanding of farmers’ PFVF adoption. Pollution-free vegetable price, economic support from the governments, joining rural economic organizations, market supervision and vegetable acreage have significantly positive impacts on farmers’ adoption and the effect of non-farm income is significantly negative. Moreover, relative to the motivations of information acquisition and moral obligation, the incentives from economic benefits play a greater role.

As of 2022, crop protection accounted for the largest area of application for commercial drones in China, with a share of over 30 percent in total sales revenue. In recent years, drones for commercial applications played an increasingly important role in the civilian UAV market.

Farming from above

In the agricultural sector, UAVs have many advantages due to China’s vast farmland. Especially, in remote or mountainous terrain, drones can be used for crop protection or can plant crops much more efficiently than traditional methods. Furthermore, compared to heavy machinery, the application of drones is much cheaper, which makes it affordable for smaller farming operations.

Developing an aerial economy

With its investments into smart cities, China is well on its way to developing the living environment of the future. Already today drones are used in the logistics industry to deliver individual packages. In addition to that, drones are employed to monitor traffic and crowds. Looking at the development of the industry, many drone manufacturers are increasing their focus on the commercial sector with products that will find uses in the cities of the future.

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Agriculture Analytics Market Size 2024-2028

The agriculture analytics market size is forecast to increase by USD 1.23 billion at a CAGR of 12.97% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for food production to meet the needs of a growing global population. Infrastructure development, including the integration of artificial intelligence (AI) and smart farming technologies, is a key driver in this market. Smart farming practices, such as field planning and irrigation management, are becoming increasingly important for sustainable agricultural production. However, the high cost of implementing analytics in agriculture remains a challenge for many farmers and agribusinesses, particularly in developing countries. Despite this, the long-term benefits of using data analytics insights to optimize farming practices are expected to outweigh the initial investment costs. By utilizing AI and other advanced technologies, farmers can optimize their operations, improve crop yields, and reduce water usage, ultimately leading to more sustainable and profitable farming practices. The market is expected to continue growing as more farmers adopt these technologies to meet the demands of a changing agricultural landscape.

What will be the Size of the Market During the Forecast Period?

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The market is witnessing significant growth as farmers and agricultural businesses seek to enhance their productivity and efficiency. This market is driven by the increasing demand for food production to meet the growing population and the need to address various challenges in the agricultural sector. Cloud computing and internet of things (IoT) technologies are playing a crucial role in the market. Farmers can now collect vast amounts of data from various sources, including weather data analytics, crop growth monitoring, land preparation, and farm operations. This data is then analyzed using predictive models to optimize farm output and improve efficiency.

Moreover, positioning systems and navigation satellite systems, such as those used in drones, are also contributing to the market. These technologies enable farmers to monitor their crops and livestock with precision, ensuring optimal growth conditions and preventing potential losses. Crop management is a significant application area for agriculture analytics. By analyzing data on soil degradation, climatic conditions, and crop growth patterns, farmers can make informed decisions on land preparation, irrigation, and fertilizer application. This results in improved crop yields and reduced waste. Livestock farming is another area where agriculture analytics is making a significant impact. Livestock analytics provides farmers with insights into animal health and productivity, enabling them to optimize feeding and breeding programs.

Also, this leads to increased profitability and improved animal welfare. Aquaculture analytics is another emerging application area in the market. By monitoring water quality, fish behavior, and environmental conditions, farmers can optimize fish farming operations and reduce the risk of disease outbreaks. The market offers both cloud deployment and on-premises deployment options. Cloud deployment provides farmers with the flexibility to access data and insights from anywhere, while on-premises deployment offers greater control over data security. Data Security is a critical concern in the market. Farmers must ensure that their data is protected from unauthorized access and cyber threats.

Additionally, advanced security measures, such as encryption and access controls, are essential to safeguard sensitive agricultural data. In conclusion, the market is transforming the agricultural sector by providing farmers and agricultural businesses with data-driven insights to optimize their operations, increase productivity, and improve efficiency. The market is driven by the growing demand for food production and the need to address various challenges in the agricultural sector, including climatic conditions, soil degradation, and positioning systems. By leveraging cloud computing, IoT, and advanced analytics techniques, farmers can make informed decisions and improve their bottom line.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Solutions
  Services


Application

  Precision farming
  Livestock monitoring
  Aquaculture farming
  Vertical farming
  Others


Geography

  North America

    Canada
    US


  Europe

    UK


  APAC

    China
    Japan


  South America



  Middle East and Africa

By Type Insights

The solutions segment is estimated to witness significant growth during the f

Hay and crop farmers have experienced a healthy five years of growth since 2019. Industry revenue has been bolstered in the current period primarily by a rising agricultural price index, making industry products more expensive. This growth has also been built up by heightened demand for livestock feed and steady population growth. Industry revenue has increased at a CAGR of 2.0% and is expected to reach $44.7 billion in 2024 as revenue rises an estimated 0.8%. Growth in prices for industry products and the rising demand from beef cattle production have provided the foundation for the industry's expansion in the current period. As agricultural prices have grown, fueled by bottlenecked supply chains and lower yield for core industry crops, industry farmers have charged more for their products and generated more revenue. A higher demand for beef has translated to increased beef cattle production and a growing need for livestock feed, of which hay is a major input. However, a decrease in exports has limited industry growth because a pricey US dollar makes domestic crops relatively expensive for international buyers. Industry profit hasn't grown in line with revenue and dropped from 11.6% to 9.6% due to inflationary pressures in the agricultural industry at large and significant spikes in essential resources for farm operations like crude oil. The coming years don't look as promising for the industry, as revenue is set to decline. The strong agricultural price index that has kept revenue for industry farmers so strong in the current period will start to drop in 2025 as supply chain issues of previous years abate and demand for agricultural products from China decreases. The depreciation of the US dollar will help prevent imports and encourage exports of US-grown crops, but not enough to offset larger negative revenue pressures. Revenue is forecast to drop at a CAGR of 1.4% to reach $41.7 billion in 2029.

Revenue for the Chemical Pesticide Manufacturing industry in China is expected to grow at an annualized 6.5% over the five years through 2024, to reach $43.5 billion. This growth includes an increase of 11.1% in the current year.The growing planting area of crops in China has boosted demand for chemical pesticides in the past five years to 2024. However, affected by the fluctuations in prices of chemical pesticides, industry revenue has showed very high volatility. From 2020 to 2022, industry revenue grew by 11.9%, 21.8% and 12.9% year on year, respectively. In 2023, due to the sharp falling prices, industry revenue decreased by 20.0%.China is the world's largest chemical pesticide raw material production base, with nearly 70% of the global chemical pesticide raw material production capacity. The output of chemical pesticide raw materials (equivalent to 100% active ingredients) in China increased from 2.1 million tons in 2019 to an estimated 3.2 million tons in 2024, at an average rate of 8.6%.China is the largest exporter of chemical pesticides in the world. In the past five years to 2024, industry exports will increase at an average rate of 10.0%, to $8.2 billion. Exports as a share of industry revenue will increase from 15.8% in 2019 to 18.6% in 2024. Exports have dropped dramatically in 2023, by 27.8% year on year, mainly due to the falling export pesticide prices. Competing imports will increase at an average rate of 6.3%, to $831.8 million in 2024. The Chinese Government will likely continue increasing support for downstream agricultural industries, which will likely contribute to higher demand for chemical pesticides from the agricultural sector in the future. Highly toxic pesticides are being eliminated from the market, creating opportunities for the development of new low-toxicity pesticides that are more environmentally friendly.Industry revenue is forecast to grow at an annualized 5.0% over the five years through 2029, to $55.7 billion. The development of overseas business will likely support growth, with exports projected to increase at an annualized 7.0% over the period due to improved product quality.

In the face of increasing global unsustainable risks such as poverty, hunger, and pollution. Building sustainable agriculture (SA) in the digital age is a fundamental task for human survival. Based on the coupled coordination perspective, this paper constructs an SA system that takes into account more stakeholders by considering poverty alleviation and income increase (PI), food security (FS), and green agriculture (GA) as subsystems. The impact of digital technology on SA is systematically analyzed through data from 276 prefecture-level and above cities in China from 2005 to 2020. The study shows that digital technology has a significant upgrading effect on SA and its subsystems. And digital technology is more likely to promote SA in the developed eastern region and peripheral cities. Moreover, agricultural productivity and labor productivity play a mediating mechanism in the process of digital technology for SA. Digital financial inclusion fuels the high input process of digital technology for incentivizing SA, PI, and GA, but it cannot affect the highly technical process of digital farming. Further research found that the incentives of digital technology for SA and GA are characterized by the nonlinear characteristic of increasing marginal effects. Due to the second digital divide, there is a U-shaped incentive process of digital technology for PI to fall and then rise. Finally, the spillover nature of digital technology leads to spatial spillovers in its contribution to SA development.

In 2024, agricultural products with a cumulated value of approximately 103 billion U.S. dollars were exported from China, an increase of 4.1 percent compared to the previous year. Generally, the value of agricultural imports to China is considerably higher than that of exports.

Imports of agriculture central driven precision spacing seeders in China totaled X units in 2017, going down by -X% against the previous year. Overall, imports of agriculture central driven precision spacing seeders continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2009, an increase of X% from the previous year.

According to Cognitive Market Research, the global GMO seed market size will be USD 22514.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 10.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 9005.82 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 6754.36 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 5178.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1125.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 450.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.9% from 2024 to 2031.
The corn is the leading segment of the GMO seed industry

Market Dynamics of GMO Seed Market

Key Drivers for GMO Seed Market

Rising Demand for High-Yield Crops to Drive Market Growth

The rising demand for high-yield crops is a key driver for the growth of the GMO seed market. With the global population expected to reach nearly 10 billion by 2050, the agricultural sector faces immense pressure to increase food production while managing shrinking arable land and environmental challenges. GMO crops, specifically engineered to resist pests, diseases, and harsh climatic conditions, offer higher yields compared to traditional crops. For instance, genetically modified corn and soybeans can withstand herbicides and pests, leading to improved productivity per hectare. As farmers look for efficient solutions to meet the growing demand for food, the adoption of high-yielding GMO seeds is expanding across both developed and developing regions. This trend is particularly significant in countries like India, China, and Brazil, where agricultural output must rise to ensure food security and support growing economies.

Growing Adoption of Herbicide and Pest-Resistant Crops to Boost Market Growth

The growing adoption of herbicide and pest-resistant crops is significantly boosting the GMO seed market. These genetically modified crops are engineered to withstand herbicides and pests, allowing farmers to reduce the use of chemical pesticides and herbicides, which lowers production costs and minimizes environmental impact. For example, crops like herbicide-tolerant soybeans and insect-resistant cotton have become staples in modern agriculture, offering increased productivity and efficiency. This adoption is particularly beneficial for large-scale farming operations, where crop protection is crucial. In regions like North America and Latin America, where herbicide and pest resistance is a key challenge, GMO crops provide a reliable solution, reducing crop loss and enhancing yield. Additionally, the growing global push for sustainable farming practices is further driving the demand for these genetically engineered crops, positioning them as essential for future food security.

Restraint Factor for the GMO Seed Market

Dependence on Seed Companies to Limit Market Growth

Dependence on seed companies is a significant factor that may limit the growth of the GMO seed market. Many GMO seeds are patented, meaning farmers are required to purchase new seeds each season rather than saving and reusing them, which has traditionally been a common practice in agriculture. This creates a financial burden, especially for small-scale farmers, who are dependent on major biotech companies for access to seeds. Additionally, the dominance of large multinational corporations like Bayer, Corteva, and Syngenta in the GMO seed market raises concerns about monopolistic practices, as these companies control seed prices and technology. This dependency can limit competition and innovation, and in some regions, it can discourage farmers from adopting GMO crops. Ethical concerns surrounding the concentration of seed ownership also contribute to skepticism and resistance, particularly in developing countries where access to affordable seeds is a challenge.

Impact of Covid-19 on the GMO Seed Marke...