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The global market for commercial seeds is estimated to reach
$44,944 million for the last completed harvest (2020). The estimate
for the market CAGR was 3.8% between 2010-2020. Genetically
modified (GM) seeds accounted for 48% market share in the
commercial seed market, whereas the area reported under GM and
conventional seeds was 19% and 81% of the total crop plantation
area, respectively. Between 2010-2020, CAGR for the GM seed market
was 5%, and the conventional seed market was 3%.
Looking ahead, seed market drivers such as the growing
population and policies around decarbonization, have led to an
increasing need for organic agriculture and the adaptation of GM
technology to meet these demands. Understanding who the market
leaders are and what traits are leading the market is a crucial
part of assessing commercial opportunities in order to gain a
competitive advantage
