Global agricultural biotechnology market expected to generate around USD 67.01 billion by 2025, at a CAGR of around 10.7% between 2019 and 2025. Agricultural biotechnology is a branch of agriculture in which scientific techniques and tools that are used to modify plants for better yield.
The report covers a forecast and an analysis of the agricultural biotechnology market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The study includes the drivers and restraints of the agricultural biotechnology market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the agricultural biotechnology market on a global level.
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.
The report provides 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 launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market.
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 2019 to 2025. The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and the Middle East and Africa.
Some major players operating in the global market are Monsanto, Vilmorin, Bayer CropScience, Syngenta, Certis, DuPont Pioneer Hi-Bred, Evogene, KWS SAAT, Dow AgroSciences, and Mycogen Seeds.
This report segments the global agricultural biotechnology market into:
Global Agricultural Biotechnology Market: Type Analysis
Global Agricultural Biotechnology Market: Application Analysis
Global Agricultural Biotechnology Market: Regional Analysis
Agricultural biotechnology is a branch of agriculture in which scientific techniques and tools that are used to modify plants for better yield. Agricultural biotechnology is also known as agritech, where plant DNAs are generally modified using different techniques, such as molecular markers, vaccines, tissue culture, molecular diagnostics, and genetic engineering, so that they can survive in extreme conditions. The use of agricultural biotechnology benefits the farmers as well as for the environment.
Some factors fuelling the growth of the agricultural biotechnology market are growing population size, rising demand for biofuels, supportive regulations by government of various countries, increasing demand for transgenic plants, rapidly changing environmental conditions that drives the demand for transgenic crops, and escalating per capita income. In 2014, about 181.5 million hectares of agricultural land was used for cultivation of genetically modified crops. This increase in cultivation of GM crops is also fueling the global agricultural biotechnology market. Rising demand for biotechnologically engineered plants and crops in developing countries is driving the agricultural biotechnology market globally. However, growing concerns about the genetically modified plants may limit this global market.
The agricultural biotechnology market is divided based on type and application. Based on type, the agricultural biotechnology market includes molecular diagnostics, tissue culture, molecular markers, genetic engineering, vaccines, and others. Genetic engineering is anticipated to dominate the agricultural biotechnology market in the years ahead, owing to the increasing development of genetically modified crops, rapid advancements in genetic engineering techniques, and growing research and development activities related to plant genomes. The application segment of the agricultural biotechnology market is fragmented into synthetic biology-enabled products, transgenic crops, and others. Transgenic crops segment is further divided into corn, soybean, cotton, and others. Transgenic crops are anticipated to dominate the global market , owing to the growing demand for genetically modified plants and transgenic plants due to its characteristics to survive in extreme conditions, and increasing use of transgenic plants in both developed as well as developing countries.
North America is projected to dominate the global agricultural biotechnology market in the future, owing to an early introduction of highly developed techniques, availability of a highly skilled workforce, and presence of advanced research infrastructure. The Asia Pacific region is anticipated to be the most lucrative agricultural biotechnology market in the upcoming years, owing to the rising investments and funding by government, presence of a large population in India and China, and the introduction of recent technologies in developing countries.
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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