Corteva Inc Receives Upgrade from Argus Research
Corteva Inc has received an upgrade from Argus Research, citing improved demand trends. This development is a result of the company’s prospects strengthening.
Market Growth Projections
The plant breeding and CRISPR plants market, in which Corteva operates, is expected to experience substantial growth driven by the need for resilient crop varieties due to climate change. Key drivers of this growth include:
- Increasing demand for crop varieties that can withstand rising temperatures
- Erratic rainfall patterns
- Spread of pests
Market Value Projections
The market is projected to reach a significant value by 2030, driven by a high growth rate. This growth is expected to be driven by the increasing demand for crop varieties that can withstand the challenges posed by climate change.
Key Market Drivers
- Need for resilient crop varieties due to climate change
- High growth rate of the plant breeding and CRISPR plants market
- Increasing demand for crop varieties that can withstand rising temperatures, erratic rainfall, and the spread of pests