Genetically Modified Crops Market Size & Forecast with Impact Analysis of COVID-19

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Genetically Modified Crops Market

  Plants used in agriculture that have had their DNA altered through genetic engineering procedures are known as genetically modified crops. The market is currently being driven by the multiple advantages offered by GM crops. Crops that have been genetically engineered have a higher nutritional value, a longer shelf life, a higher yield, and are resistant to frost, drought, and insect pests. For example, the gene that provides maximum weed control is put into Roundup GM soybeans.

  According to Coherent Market Insights, the global genetically modified market was valued at 18.15 billion in 2018 and is predicted to grow at an annual rate of 8.7% from 2019 to 2027, reaching 37.46 billion by 2027.

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Source:

https://www.coherentmarketinsights.com/market-insight/genetically-modified-crops-market-3495

 

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