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Concentration in Seed and Biotech Markets: Extent, Causes, and Impacts

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  • Koen Deconinck

Abstract

The merger of Dow and DuPont, the acquisition of Syngenta by ChemChina, and the acquisition of Monsanto by Bayer have recently reshaped the global seed and biotech industry and caused concern about growing market concentration. This review documents market concentration in seed and agricultural biotech markets and discusses its causes and impacts. The available evidence suggests that concentration in seed markets varies strongly by crop and by country, while markets for biotech traits are considerably more concentrated. Complementarities between seed, biotech, and crop protection chemicals explain much of the observed structural changes in the industry, and new complementarities may be emerging with digital agriculture. Although growing concentration might in theory lead to higher prices and less innovation, evidence on this is currently limited; this tendency is also in part offset by the remedies imposed by competition authorities.

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  • Koen Deconinck, 2020. "Concentration in Seed and Biotech Markets: Extent, Causes, and Impacts," Annual Review of Resource Economics, Annual Reviews, vol. 12(1), pages 129-147, October.
    • Handle: RePEc:anr:reseco:v:12:y:2020:p:129-147
    DOI: 10.1146/annurev-resource-102319-100751
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    Cited by:

    1. H. Phoebe Chan, 2022. "The Welfare Effects of Licensing Product-Differentiating Technology in a Commodity Market," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 60(4), pages 491-510, June.
    2. Benjamin C. Anderson & Ian M. Sheldon, 2024. "R&D Concentration in Soybean and Cotton Markets," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 64(1), pages 93-115, February.
    3. Lawrence J. White, 2022. "Antitrust policy for the 2020s: Some sensible ways forward," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 44(3), pages 1293-1312, September.
    4. Johan Swinnen & Alessandro Olper & Senne Vandevelde, 2021. "From unfair prices to unfair trading practices: Political economy, value chains and 21st century agri‐food policy," Agricultural Economics, International Association of Agricultural Economists, vol. 52(5), pages 771-788, September.
    5. Koppenberg, Maximilian & Hirsch, Stefan & Finger, Robert, 2023. "Effects of the debate on glyphosate's carcinogenic risk on pesticide producers' share prices," Ecological Economics, Elsevier, vol. 212(C).
    6. Samira Rousselière & Shyama V. Ramani & Damien Rousselière, 2021. "The organizational choice of technology transfer mode: Theory and application to the genetically modified plant industry," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(6), pages 1466-1476, September.

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