Transparency Market Research released a global industry analysis on
commercialized conventional and biotech seeds market for 2012 to 2018. The
global commercial seeds market was valued at US$34.50 billion in 2011 and is
forecasted to attain US$53.32 billion by 2018. The biotech seeds market is
valued at US$15.60 billion in 2011 and is expected to reach US$30.12 billion
in 2018. It was highlighted in the report that the biotech seeds market had
been growing over the past years and is expected to register double digit
growth over the next six years. Furthermore, new biotech seeds are expected
to be commercialized over the forecast period.

Corn was the largest seed grown commercially, accounting for 40 percent of
the global seed consumption in 2011. On the other hand, soybean was the
largest consumed biotech seed, which generated revenue of US$6.71 billion in
2011. The study also forecasts demand for conventional and biotech seeds in
North America, Latin America, Europe, Asia Pacific, and other parts of the
world.

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