Genetically Modified Crops Market Growth Accelerated by Increased Adoption of Drought and Pest Resistant Crops
Genetically Modified Crops Market The global Genetically Modified Crops Market has witnessed substantial growth over the past few years owing to the growing need for high yield and nutrition enriched crops to meet the increasing global food demand. Genetically modified crops are designed to resist pests, diseases, herbicides, or stress conditions such as lack of water or cold temperatures which makes them highly suitable for cultivation. The global Genetically Modified Crops Market is estimated to be valued at US$ 126.99 Bn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: Increased adoption of drought and pest resistant genetically modified crops is one of the key trends driving the growth of the genetically modified crops market. These genetically modified seeds have properties such as the ability to grow in low rainfall areas, resistance to leaching, an