Agricultural Biotechnology Market Size, Share, Analysis, Trends, Growth Report, 2032

Agricultural Biotechnology Market

Agricultural Biotechnology Market: By Type (Molecular Diagnostics, Molecular Markers, Tissue Culture, Vaccines, Genetic Engineering, And Others) And By Application (Transgenic Crops, Synthetic Biology-Enables Products, And Others), And By Region - Global And Regional Industry Overview, Comprehensive Analysis, Historical Data, And Forecasts 2024 – 2032

Category: Biotechnology Report Format : PDF Pages: 110 Report Code: ZMR-8 Published Date: Mar-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 95.74 Billion USD 192.19 Billion 8.05% 2023

Agricultural Biotechnology Market

Agricultural Biotechnology Industry Prospective:

The global agricultural biotechnology market size was worth around USD 95.74 Billion in 2023 and is predicted to grow to around USD 192.19 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 8.05% between 2024 and 2032.

The report analyzes the global agricultural biotechnology market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the agricultural biotechnology industry.

Global agricultural biotechnology Market sizeRequest Free Sample

 

In order to give the users of this report a comprehensive view of the agricultural biotechnology market, we have included a competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Agricultural Biotechnology Market: Overview

The term "agricultural biotechnology" refers to the utilization of scientific methods and instruments for the aim of modifying living organisms, specifically plants and animals, for the purpose of agricultural production. This field brings together a number of different fields, including genetics, molecular biology, genomics, and bioinformatics, in order to develop crops and livestock that possess the characteristics that are wanted. These features may include a rise in production, an improvement in nutritional value, resistance to pests and diseases, tolerance to environmental challenges such as drought or salinity, and improved post-harvest characteristics.

Genetic engineering, gene editing, marker-assisted selection, and tissue culture are just few of the techniques that fall under the umbrella of agricultural biotechnology. In order to address urgent issues in the agricultural sector, such as food security, sustainable farming techniques, and environmental protection, researchers and scientists are working to harness the power of biotechnology. Agricultural biotechnology plays a significant part in the process of molding the future of agriculture by providing novel solutions that can meet the requirements of a continually expanding global population while simultaneously reducing the negative effects on the environment.

Agricultural Biotechnology Market: Growth Factors

A number of important factors are driving the expansion of the Agricultural Biotechnology Market. Increasing agricultural production is necessary in order to satisfy the growing demand for food, which is a direct result of the growing world population. As a means of satisfying this expanding demand, biotechnology provides novel approaches that can improve crop output, quality, and resilience. The adoption of biotech crops that are bred to be resistant to drought, pests, and diseases is being driven by the issues that are associated with climate change. These challenges include extreme weather events and a decline in arable land. These challenges ensure more consistent harvests in bad conditions.

Demand for biotech crops that are bred to reduce the need of chemical pesticides and fertilizers, thereby lessening the impact on the environment, is also being fueled by the growing awareness of the importance of food safety and sustainability. In addition, developments in biotechnology, such as techniques for editing genes such as CRISPR-Cas9, hasten the development of crops that possess desired characteristics, such as increased nutritional content and extended shelf life, which aid in the expansion of the market. In addition to modernizing agricultural techniques and tackling issues related to global food security, these growth factors jointly move the Agricultural Biotechnology Market ahead.

Agricultural Biotechnology Market: Report Scope

Report Attributes Report Details
Report Name Agricultural Biotechnology Market Research Report
Market Size in 2023 USD 95.74 Billion
Market Forecast in 2032 USD 192.19 Billion
Growth Rate CAGR of 8.05%
Number of Pages 188
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered Monsanto, Vilmorin, Bayer CropScience, Syngenta, Certis, DuPont Pioneer Hi-Bred, Evogene, KWS SAAT, Dow AgroSciences, and Mycogen Seeds.
Segments Covered By Type, By Application, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
Base Year 2023
Historical Year 2028 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

The report provides a company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market.

Agricultural Biotechnology Market: Segmentation

The study provides a decisive view of the agricultural biotechnology market by segmenting it on the basis of type, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2023 to 2032. The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and the Middle East and Africa.

The Agricultural Biotechnology Market can be segmented based on various factors including technology, application, and crop type.

Technology:

  • Genetic Engineering: Genetically modified organisms (GMOs) are included in this category. These organisms have been created to exhibit particular characteristics, such as resistance to pesticides, tolerance to herbicides, or increased nutritional information.
  • Molecular Breeding: In order to generate novel crop varieties that possess the characteristics that are wanted, molecular breeding procedures entail the utilization of genetic markers and genomic selection.
  • Gene Editing: This developing field involves making precise adjustments to the DNA of an organism through the use of tools like as CRISPR-Cas9, which would allow for improvements in agricultural attributes that are more specifically targeted.
  • Others: Bioinformatics, tissue culture, and other biotechnological approaches that are utilized in agricultural research and development may fall under this category..


Application:

  • Crop Improvement: This section focuses on the creation of biotech crops that have improved characteristics such as increased yield and quality, resistance to diseases and pests, and tolerance to the effects of environmental conditions.
  • Livestock Improvement: Genetic advancements in cattle are also included in the scope of agricultural biotechnology. These improvements include characteristics relating to animal welfare, illness resistance, and productivity-related qualities.
  • Others: It is possible that applications will extend to fields such as environmental remediation, biomaterials, and biofuels manufacturing.


Crop Type:

  • Cereals & Grains: This category comprises staple crops such as corn, wheat, rice, and barley, all of which are essential for ensuring the safety of food supplies around the world.
  • Fruits & Vegetables: The application of biotechnology is used to improve characteristics of a wide range of fruits and vegetables, including their resistance to disease, nutritional content, and shelf life.
  • Oilseeds & Pulses: In order to enhance oil quality, productivity, and resistance to pests and diseases, biotech crops such as soybeans, canola, and pulses are being produced.
  • Others: Specialty crops, feed crops, and industrial crops that are aimed for specific applications could all fall under this category.

The stakeholders in the Agricultural Biotechnology Market are able to identify target markets, establish specialized strategies, and capitalize on new opportunities in the dynamic agricultural biotechnology landscape by conducting an analysis of these segmentation variables.

Agricultural Biotechnology Market: Restraints

The Agricultural Biotechnology Market is confronted with a number of obstacles that have the potential to hamper its expansion and adoption. First, the commercialization and acceptability of biotech crops in particular regions can be hampered by the complexity of the legislative framework governing genetically modified organisms (GMOs) as well as the difficulties that arise from public perception of these organisms. There are a number of factors that make it difficult for biotechnology companies to enter the market. These factors include stringent laws and labeling requirements, as well as consumer concerns around food safety and environmental implications. Additionally, access to advanced biotechnological breakthroughs may be restricted due to intellectual property rights and licensing concerns associated with biotech traits and technology.

This is especially true for small-scale farmers in developing nations. Furthermore, opposition from anti-GMO activists, environmental groups, and supporters for organic farming may result in public opposition and regulatory barriers, which may delay the clearance of biotech products and their subsequent commercialization. Additionally, worries regarding the potential long-term impacts of genetically modified crops on human health, environmental stability, and biodiversity contribute to the ambiguity and reluctance that is present among stakeholders. The establishment of open regulatory frameworks, the promotion of scientific literacy, and the facilitation of discussion on the benefits and risks of agricultural biotechnology are all necessary steps in the process of addressing these constraints, which needs combined efforts from governments, industry players, and civil society bodies.

Agricultural Biotechnology Market: Regional Insights

The Agricultural Biotechnology Market is characterized by a variety of trends and dynamics that vary across different geographic locations, as revealed by regional insights. Because of its extensive research infrastructure, favorable regulatory regulations that facilitate the adoption of biotech crops, and strong emphasis on innovation, North America is now in the lead in the market. Through the widespread production of genetically modified crops such as corn, soybeans, and cotton, the United States of America in particular has established itself as the dominant actor. The limited commercialization of biotech crops in Europe is a result of governmental difficulties and popular concern around genetically modified organisms (GMOs).

The interest in gene editing technologies and environmentally responsible agriculture methods, on the other hand, is expanding, which is pushing investment in research and development. As a result of rising population, rising food consumption, and steps taken by governments to improve agricultural productivity and food security, the Asia-Pacific area possesses a potentially considerable growth potential. The development of drought-resistant crops, increased crop yields, and the mitigation of environmental degradation are all goals that countries like China and India are working to achieve through their investments in biotechnology.

Brazil and Argentina are the largest producers of soybeans and maize in Latin America, which is emerging as a key player in the field of biotech crop planting. In order to traverse regulatory frameworks, manage socio-economic obstacles, and capitalize on new possibilities in the Agricultural Biotechnology Market throughout different areas of the world, these regional insights highlight the need of tailoring strategies and collaborations to meet specific industry needs.

Agricultural Biotechnology Market: Competitive Space

Some major players operating in the global market are

  • Monsanto
  • Vilmorin
  • Bayer CropScience
  • Syngenta
  • Certis
  • DuPont Pioneer Hi-Bred
  • Evogene
  • KWS SAAT
  • Dow AgroSciences
  • Mycogen Seeds.

This report segments the global agricultural biotechnology market into:

Global Agricultural Biotechnology Market: Type Analysis

Global Agricultural Biotechnology Market: Application Analysis

  • Transgenic Crops

  • Synthetic Biology-Enabled Products
  • Others

Global Agricultural Biotechnology Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Agricultural biotechnology is the application of scientific principles to the improvement of plant and animal species, with the goal of increasing both productivity and sustainability through the use of techniques such as genetic engineering and molecular breeding.
 

Technological Developments New and enhanced agricultural biotech goods and solutions will be developed as a direct result of developments in biotechnology, genomics, and data analytics, which are all examples of technological developments.
 

 According to the report, the global agricultural biotechnology market was approximately USD 95.74 billion in 2023 and is expected to generate around USD 192.19 billion by 2032, at a CAGR of around 8.05% between 2024  and 2032.

North America is projected to dominate the global agricultural biotechnology market in the future

Some major players operating in the global agricultural biotechnology market are Monsanto, Vilmorin, Bayer CropScience, Syngenta, Certis, DuPont Pioneer Hi-Bred, Evogene, KWS SAAT, Dow AgroSciences, and Mycogen Seeds.

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