Agricultural Biotechnology Market Key Highlights:
- Market Size (2024): USD 34.98 Billion
- Projected Market Size (2034): USD 82.05 Billion
- CAGR (2023-2034): 8.9%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Agricultural Biotechnology Market Definition
The Agricultural Biotechnology market is expanding at a higher pace due to technological advancements and the latest method that increases crop yield and pest resistance along with environmental sustainability. Precise modifications like improving crop traits, making plants more resistant to climatic changes and diseases with the help of gene editing technologies, can be possible and drive the market further. The adoption of biotechnology market is expanding due to the increasing demand for sustainable farming solutions to meet the global food supply needs. Moreover, the agriculture biotechnology market is driving owing to the increasing use of marker assisted breeding that accelerates and helps in plant development. This method uses DNA markers to guide and expedite the process which provides much greater accuracy.
However, lack of knowledge related to agriculture biotechnology creates a significant challenge for the market growth, especially in developing countries. Insufficient research focus and understanding of specific biotech areas are the restraining factors of the market. However, the growing consumers demand for organic, healthy food options presents a lucrative opportunity for the market to expand further.
Agricultural Biotechnology Market Segmentation:
By Type
- Molecular Markers
- Vaccines
- Genetic Engineering
- Tissue Culture
- Molecular Diagnostics
- Others
By Application
- Transgenic Crops/Seeds
- Biopesticides
- Others
Agricultural Biotechnology Market Companies:
- Syngenta
- DuPont
- Monsanto
- ADAMA Agricultural Solutions
- BASF
- Bayer CropScience
- Certis USA
- Dow AgroSciences
- Mycogen Seed
- Performance Plants
- KWS SAAT
- Evogene
- Rubicon
- Vilmorin
- Global Bio-chem Technology
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