Outlook on the Drought Resistant Crops Global Market to 2027: Featuring Bayer CropScience, Syngenta, Monsanto, BASF and Nuseed Among Others

Rhea-AI Summary

The report titled 'Global Drought Resistant Crops Market By Crop Type, By Distribution Channel, By Region, Competition Opportunities & Forecast, 2027' highlights significant growth in the global drought-resistant crops market expected from 2023 to 2027. This growth is driven by rising food demands and the need for crops that can adapt to water-scarce conditions. The market is segmented by crop type, with corn/maize likely to dominate. North America is anticipated to retain a major market share, bolstered by technological advancements in genetically modified crops. Major players include Bayer CropScience, Syngenta, and Monsanto, among others.

Positive

• Projected robust growth in the drought-resistant crops market from 2023 to 2027.
• Increased demand for genetically modified crops is driving market expansion.
• North America expected to hold a major market share due to technological advancements.

Negative

• None.

DUBLIN, March 13, 2023 /PRNewswire/ -- The "Global Drought Resistant Crops Market By Crop Type, By Distribution Channel, By Region, Competition Opportunities & Forecast, 2027" report has been added to  ResearchAndMarkets.com's offering.

The global drought-resistant crops market is projected to register robust growth in the forecast period, 2023-2027.

To fulfill the growing food requirements, the increased demand for novel methods in the desert lands and drought-struck areas is driving the global drought-resistant crops market demand. Crops that have been genetically modified to thrive under drought conditions are known as drought-resistant crops.

The crops are unable to withstand the tough climatic and environmental circumstances due to a lack of water and essential nutrients. As a result, there is a need for genetic alterations to be made to plants or their seeds so that the agricultural yields can survive without water even after being grown.

Increased scales of research and technology improvements are required to achieve higher crop yields and sustainability in challenging settings. Crops that can withstand droughts are the result of ongoing agricultural research and development. In order to modernize the approach to high-yielding food crops and so ensure global food security, plant biotechnology has improved to offer farmers higher-yielding crops, genetically modified seeds, organic biofertilizers, organic insecticides, etc.

The global drought resistant crops market is segmented into crop type, distribution channel, regional distribution, and competitive landscape. Based on crop type, the market is divided into corn/maize, soybean, cotton, canola, and others. The corn/maize segment is expected to hold the largest market share in the forecast period, 2023-2027. High demand for crop/maize crops in different parts of the world to eat and to make several food items is driving the segment's demand.

On the basis of regional analysis, North America is expected to hold a major market share in the forecast period, 2023-2027. Advancements in technology that can boost the production of genetically modified crops and increased investments in research activities are expected to fuel the market growth in the region.

The major players operating in the global drought-resistant crops market are Bayer CropScience LLC, Syngenta AG, Monsanto Company, BASF SE, Nuseed Pty Ltd., Calyxt Inc., Jk Agri Genetics Ltd., Maharashtra Hybrid Seed Company (MAHYCO), Stine Seed Farm Inc., Cyanamid Agro Ltd.

Years considered for this report:

• Historical Years: 2017-2020
• Base Year: 2021
• Estimated Year: 2022E
• Forecast Period: 2023F-2027F

Objective of the Study:

• To analyze the historical growth in the market size of the global drought resistant crops market from 2017 to 2021.
• To estimate and forecast the market size of global drought resistant crops market from 2022E to 2027F and growth rate until 2027F.
• To classify and forecast the global drought resistant crops market based on crop type, distribution channel, region, and company.
• To identify the dominant region or segment in the global drought resistant crops market.
• To identify drivers and challenges for the global drought resistant crops market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global drought resistant crops market.
• To identify and analyze the profiles of leading players operating in the global drought resistant crops market.
• To identify key sustainable strategies adopted by market players in global drought resistant crops market.

Key Topics Covered:

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Impact of COVID-19 on Global Drought Resistant Crops Market

5. Voice of Customer
5.1. Preference, By Crop Type
5.2. Demand, By Geography
5.3. Source of Information
5.4. Factors Contributing to Higher Demand for Drought Resistant Crops
5.5. Barriers to Adoption of Drought Resistant Crops
5.6. Brand Awareness

6. Global Drought Resistant Crops Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Crop Type (Corn/Maize, Soyabean, Cotton, Canola, Others)
6.2.2. By Distribution Channel (Online v/s Offline)
6.2.3. By Company (2021)
6.2.4. By Region
6.3. Product Market Map

7. North America Drought Resistant Crops Market Outlook

8. Europe Drought Resistant Crops Market Outlook

9. Asia-Pacific Drought Resistant Crops Market Outlook

10. South America Drought Resistant Crops Market Outlook

11. Middle East and Africa Drought Resistant Crops Market Outlook

12. Market Dynamics
12.1. Drivers
12.2. Challenges

13. Market Trends and Developments

14. Competitive Landscape
14.1. Bayer CropScience LLC
14.2. Syngenta AG
14.3. Monsanto Company
14.4. BASF SE
14.5. Nuseed Pty Ltd.
14.6. Calyxt Inc.
14.7. Jk Agri Genetics Ltd.
14.8. Maharashtra Hybrid Seed Company (MAHYCO)
14.9. Stine Seed Farm Inc.
14.10. Cyanamid Agro Ltd.

15. Strategic Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/1nn46n

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FAQ

What is the projected growth rate of the drought-resistant crops market from 2023 to 2027?

The global drought-resistant crops market is projected to register robust growth during the forecast period from 2023 to 2027.

What crop type is expected to dominate the drought-resistant crops market?

The corn/maize segment is expected to hold the largest market share in the global drought-resistant crops market from 2023 to 2027.

Which region is anticipated to have a major market share in drought-resistant crops?

North America is expected to retain a significant market share due to advancements in technology and increased research investments.

Who are the key players in the global drought-resistant crops market?

Key players include Bayer CropScience, Syngenta, Monsanto, BASF, and Nuseed.

What factors are driving the demand for drought-resistant crops?

The demand for drought-resistant crops is driven by the increasing need for food production in drought-stricken areas and advancements in agricultural biotechnology.