Agricultural biotechnology referred as the evolution of farming & cropping by advanced technology of genome sciences, genetic engineering, plant grafting and molecular breeding of plants. Biotechnology apparatuses are accomplishing remarkable response across various agricultural applications and generally provide a complete agricultural biotechnology market. Increasing production and breeding of transgenic crops due to growing consumer demand for food is contributing to the growth of agricultural biotechnology market. The implementation of biotechnological tools to improve production value in terms of size, color or yield of plants by changing their properties offers a potential market base for agricultural biotechnology business. The introduction of biofuels and the demand for high quality food, free from pesticides or insecticides, is helping the agricultural biotechnology to market a good volume of revenue & shares in both developed and emerging agricultural countries. These particular values are driving the growth of the agricultural biotech market during the forecast period.
Referring to the study, Global Agricultural Biotechnology Market 2020-2030 by Product (Biotech Seeds, Biologicals, Biotechnology Tools), Technology (Genome Editing, Synthetic Biology, Genetic Engineering, Marker-assisted Breeding, Plant Breeding, Germplasm), Application (Foliar Spray, Seed Treatment, Soil Treatment), and Region: Trend Forecast and Growth Opportunity. Some of the key companies operating in the global agriculture biotechnology market include Eurofins Scientific SE, BASF SE, KWS SAAT SE & Co. KGaA, Benson Hill Inc., ADAMA Agricultural Solutions Ltd, Performance Plants Inc., Yield10 Bioscience, Inc., Evogene Ltd., Certis USA LLC, Bayer AG, Marrone Bio Innovations, Inc., Syngenta AG, Corteva, Inc., Bayer AG, Novozymes A/S, Vilmorin & Cie S.A, DuPont de Nemours, Inc., Performance Plants Inc. and among others.
By product type, agriculture biotechnology market can be segmented as biotech seeds, biotechnology tools, biological and synthetic biology-enabled products. Biotechnology tools include biochips, synthetic biology, gene editing, DNA sequencing and RNA interference. Biological include biostimulants, genetic biological, biofertilizers and biopesticides. Additionally, synthetic biology-enabled products include enzymes, polymers, oils & lubricants, biofuels and others. By technology, market can be segmented as genetic engineering, synthetic biology, plant breeding, market-assisted breeding, genome editing, germplasm and other technologies. In addition, by application, market can be segmented as soil treatment, seed treatment, foliar spray and others.
Rise in demand for food products, followed by growth in population, high investment in agriculture research & development and increase in cultivation of biotech crops are some major factors, which are responsible for growth of the agriculture biotechnology market. Apart from this, lack of awareness among people and unfavorable scenario of the cultivation as well as genetically engineered crops may impact the market.
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Based on regional analysis, the North-America is a leading region in global agriculture biotechnology market owing to reduction in the usage of pesticides in farming and growth in genetic techniques' acceptance for crops across the region. The Asia-Pacific and Europe regions are estimated to witness higher growth rate due to rise in personal disposable incomes, increase in focus of modern farming techniques and rise in demand of food by surging population over the forecast period. It is projected that future of the global agriculture biotechnology market will be bright on account of growth in adoption of genetically modified crops during the forecast period.
For More Information, refer to below link: -
Global Agricultural Biotechnology Market Overview
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