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Drought Resistant Crops Market Share

Report ID: GMI10516
Published Date: Jul 2024
Report Format: PDF

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Drought Resistant Crops Market Share

Drought Resistant Crops Market Company Share, (2023)

Bayer CropScience LLC, Syngenta AG, Monsanto Company, BASF SE, and Nuseed Pty Ltd. are employing advanced strategies in the drought-resistant crop market. These include significant investments in research and development to create genetically modified and hybrid crops with enhanced drought tolerance. They focus on leveraging cutting-edge technologies such as CRISPR and gene editing to improve crop resilience and yield under water-scarce conditions. Strategic partnerships and collaborations with research institutions are also common, alongside efforts to integrate precision agriculture technologies. Additionally, these companies engage in regional market assessments to tailor their solutions to specific environmental challenges and agricultural needs.

Drought Resistant Crops Market Companies

Top companies operating in the drought resistant crops industry include:

Bayer CropScience LLC
Syngenta AG
Monsanto Company
BASF SE
Nuseed Pty Ltd.
Maharashtra Hybrid Seed Company (MAHYCO)
Stine Seed Farm Inc.
Cyanamid Agro Ltd.
Calyxt Inc.
Monsanto Company

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for drought resistant crops was USD 118.1 million in 2023 and will grow at 6.9% CAGR between 2024 and 2032, propelled by increasing climate variability, water scarcity, and the need for sustainable agricultural practices.

Drought resistant crops industry from the herbicide tolerance segment will garner 6.6% CAGR through 2032 due to its significant impact on enhancing crop resilience and yield and critical role in optimizing crop performance under water-stressed conditions.

North America industry will witness 6.7% CAGR from 2024 to 2032, owing to the region's extensive agricultural sector, increasing climate challenges and adoption of advanced agricultural technologies.

Bayer CropScience LLC, Syngenta AG, Monsanto Company, BASF SE, Nuseed Pty Ltd., Maharashtra Hybrid Seed Company (MAHYCO), Stine Seed Farm Inc., Cyanamid Agro Ltd., Calyxt Inc., and Monsanto Company, among others.