Genetically Modified Seeds Market To Achieve USD 63.0 Bn by 2034

Overview

New York, NY – June 30, 2025 – The Global Genetically Modified Seeds Market size is expected to be worth around USD 63.0 billion by 2034, from USD 30.3 billion in 2024, growing at a CAGR of 7.6% during the forecast period from 2025 to 2034.

In 2024, Corn commanded a 43.1% share of the genetically modified (GM) seeds market, securing its position as the leading crop. Its dominance is fueled by consistently high yields and strong demand. Herbicide-Tolerant (HT) seeds held a commanding 67.8% share of the GM seeds market. Their popularity stems from their ability to streamline weed management, allowing farmers to apply specific herbicides without harming crops.

Key Takeaways

• Genetically Modified Seeds Market size is expected to be worth around USD 63.0 billion by 2034, from USD 30.3 billion in 2024, growing at a CAGR of 7.6%.
• Corn held a dominant market position, capturing more than a 43.1% share in the genetically modified seeds market.
• Herbicide Tolerance held a dominant market position, capturing more than a 67.8% share in the genetically modified seeds market.
• North America held a commanding position in the genetically modified seeds market, accounting for approximately 35.6% of the global market and generating revenues close to USD 10.7 billion.

How Growth is Impacting the Economy

The GM seeds market significantly impacts the global economy by boosting agricultural productivity and sustainability. Higher crop yields, with U.S. corn and soybean acres GM adoption, reduce food production costs, stabilizing prices and enhancing food security. Reduced pesticide use lowers environmental and health-related costs. North America’s USD 10.7 billion market in 2024 supports job creation in biotech and agriculture, while exports, particularly to China, strengthen trade balances. However, stringent regulations in Europe and biodiversity concerns pose challenges. Developing nations adopting GM seeds, like China and India, drive rural economic growth, increase farmer incomes, and reduce poverty.

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Strategies for Businesses

Businesses in the GM seeds market should invest in R&D to develop climate-resilient, high-yield varieties, addressing global food demand. Collaborations with agricultural universities can accelerate innovation. Expanding into emerging markets like Asia-Pacific, where GM adoption is rising, offers growth opportunities. Companies must navigate regulatory landscapes, ensuring compliance with bodies like the USDA and EPA. Transparent communication about GM benefits can counter public skepticism, enhancing consumer trust. Leveraging data analytics for precision agriculture can optimize seed performance, attracting farmers. Finally, strategic mergers, like Bayer-Monsanto, can consolidate market share and resources.

Report Scope

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Key Market Segments

By Crop

• In 2024, Corn commanded a 43.10% share of the genetically modified (GM) seeds market, securing its position as the leading crop. Its dominance is fueled by consistently high yields and strong demand. GM corn, enhanced with traits like insect-resistant (Bt) and herbicide-tolerant (HT) varieties, offers robust pest resistance, reducing pest management costs and boosting productivity. These advantages make GM corn seeds highly appealing to farmers globally.

By Type

• In 2024, Herbicide-Tolerant (HT) seeds held a commanding 67.8% share of the GM seeds market. Their popularity stems from their ability to streamline weed management, allowing farmers to apply specific herbicides without harming crops. This reduces cultivation costs and minimizes competition from weeds for essential resources like water, nutrients, and sunlight. HT seeds are particularly favored in large-scale farming and regions with labor shortages, as they decrease reliance on manual or mechanical weeding, further enhancing crop yields and operational efficiency.

Regional Analysis

• North America led the global genetically modified (GM) seeds market in 2024, capturing approximately 35.6% of the market share and generating revenues of around USD 10.7 billion. This leadership is driven by the region’s advanced agricultural biotechnology infrastructure and supportive regulatory frameworks, particularly in the United States and Canada.
• The U.S. is the hub of GM seed innovation. In 2024, about 90% of corn acres, 96% of soybean acres, and 93% of cotton acres in the U.S. utilized herbicide-tolerant GM seeds, solidifying North America’s dominance in the global GM seeds market. The U.S. commercial seeds market reached approximately USD 26.3 billion in 2024, with genetically modified varieties—particularly maize, accounting for roughly 49% of GM seed revenue—playing a significant role.
• Streamlined regulatory processes, such as the USDA’s SECURE rule and coordinated oversight by the USDA, EPA, and FDA, facilitate the rapid approval and commercialization of new genetic traits in the U.S. Similarly, Canada’s robust regulatory framework, managed by Health Canada and the Canadian Food Inspection Agency, ensures a safe and conducive environment for GM crop development and adoption.

Recent Developments

1. Bayer CropScience

• Bayer has advanced its GM crop portfolio, focusing on drought-resistant and pest-tolerant seeds. Their Next-Gen Soybeans offer higher yields with lower herbicide use. Bayer is also investing in gene-editing technologies like CRISPR to develop climate-resilient crops. Regulatory approvals for new GM traits in key markets remain a priority.

2. BASF SE

• BASF is expanding its GM seed pipeline, including disease-resistant potatoes and high-yield wheat. Their InVigor hybrid canola improves oil quality and farm efficiency. BASF collaborates with startups to enhance precision breeding techniques, aiming for sustainable agriculture solutions.

3. Syngenta

• Syngenta launched Golden Rice, a vitamin A-enriched GM rice, to combat malnutrition. They are also developing water-efficient corn and disease-resistant vegetables. Syngenta’s Acuron trait technology helps farmers manage weeds better. The company focuses on biotech innovations for global food security.

4. DowDuPont (Corteva Agriscience)

• Corteva (spun off from DowDuPont) introduced Pioneer brand GM seeds with improved stress tolerance. Their Enlist E3 soybeans resist multiple herbicides, reducing crop damage. Corteva is also working on CRISPR-edited crops for faster trait development.

5. J.R. Simplot Co.

• Simplot’s Innate GM potatoes reduce bruising and acrylamide (a potential carcinogen). They recently gained approval for next-gen blight-resistant potatoes. Simplot focuses on non-browning and disease-resistant traits to reduce food waste.

Conclusion

The GM seeds market, poised for robust growth, addresses critical global food security needs through enhanced yields and sustainability. Its economic contributions, from job creation to cost savings, are substantial, particularly in North America and emerging markets. Businesses can capitalize on this growth by innovating and expanding strategically while navigating regulatory challenges. With technological advancements and supportive policies, the market’s future remains promising, ensuring resilience against environmental and population pressures, ultimately fostering a more sustainable and productive agricultural landscape.

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