(MENAFN- Ameliorate Digital Consultancy)
Genetically modified organisms (GMO) soybeans have gained immense traction in the recent past, owing to their potential to alleviate hunger and poverty worldwide.
However, researchers from the Food and Agriculture Program have stated that real impacts of GMO soybean deserve in-depth assessment.
According to Fact.MR, the global GMO soybean market will register a splendid 14.3% CAGR by 2026.
Amount of agricultural land utilized for producing GMO food such as GMO soybean has surged over the past few years, with majority of producers being situated in the U.S., Canada, India, Brazil and Argentina.
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Key Takeaways of GMO Soybean Industry :
GMO soybeans, or genetically modified soybeans, are crops that have been genetically engineered to possess specific traits, such as resistance to pests, herbicides, or improved nutritional composition. The GMO soybean industry has experienced significant growth and adoption worldwide. GMO soybeans account for a large portion of global soybean production, particularly in major soybean-producing countries such as the United States, Brazil, and Argentina. The introduction of GMO soybeans has helped increase agricultural productivity by providing farmers with tools to combat pests and weeds more effectively. This has led to improved crop yields and reduced reliance on conventional pesticides and herbicides. Glyphosate-tolerant GMO soybeans, commonly known as Roundup Ready soybeans, are the most widely cultivated genetically modified soybeans. These soybeans are engineered to withstand the herbicide glyphosate, allowing farmers to effectively control weeds in soybean fields. GMO soybeans have sparked debates and controversies regarding their safety, environmental impact, and potential long-term effects. Some concerns include the development of herbicide-resistant weeds, potential effects on non-target organisms, and potential impacts on human health. GMO labeling regulations and consumer preferences vary globally. Some countries require mandatory labeling of GMO products, while others have voluntary or no specific labeling requirements. Consumer awareness and demand for non-GMO or GMO-free products have also influenced the GMO soybean industry. Biotechnology companies play a significant role in the development and commercialization of GMO soybeans. They invest in research and development to introduce new traits and technologies to meet the evolving needs of farmers and consumers. The GMO soybean industry has also faced challenges related to intellectual property rights and seed patents. Companies have developed proprietary GMO soybean varieties, and the use of patented seeds may require licensing agreements and royalties. Get Customization on this Report for Specific Research Solutions :
Key Companies Profiled:
AgReliant Genetics LLC BASF SE Bayer CropScience Dow Agroscience E.I DuPont De Nemours and Company Canterra Seeds Holdings Ltd. Syngenta AG Groupe Limagrain Holdings SA Monsanto Company
Market Taxonomy
Key Questions Covered in the GMO Soybean Market Report
What is the projected value of the GMO Soybean factors Industry in 2022? At what rate will the global GMO Soybean factors market size grow until 2026? Which are the factors hampering the growth of GMO Soybean factors? Which region is expected to lead in the global GMO Soybean factors market By 2026? Which are the factors driving the GMO Soybean factors Industry during the forecast period? What is the expected market value of the GMO Soybean factors market during the forecast period?
Regional Analysis For GMO Soybean Market:
APAC (Japan, China, South Korea, Australia, India, and the rest of APAC; the rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka) Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania) North America (USA, Canada and Mexico) South America (Brazil, Chile, Argentina, Rest of South America) MEA (Saudi Arabia, United Arab Emirates, South Africa)
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