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Global Agricultural Biotechnology Market – Industry Trends and Forecast to 2030

  • Agriculture And Animal Feed
  • Upcoming Report
  • Apr 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Agricultural Biotechnology Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - 10.94% Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 136.16 Billion
Diagram Market Size (Forecast Year) USD 312.44 Billion
Diagram CAGR 10.94%

Global Agricultural Biotechnology Market, By Product Type (Crop protection products, Transgenic Seeds, Synthetic Biology-Enables Products), Trait Type (Stacked, Herbicide-tolerant, Insect-resistant, Desirable and Virus-resistant), Organisms (Plants, Animals, Microbes), Application (Vaccine Development, Transgenic Crops and Animals, Antibiotic Development, Nutritional Supplements, Flower Culturing, Biofuels), Technology (Genome Editing, Synthetic Biology, Genetic Engineering, Marker-assisted Breeding, Plant Breeding, Germplasm, Other Technologies) – Industry Trends and Forecast to 2030.

Agricultural Biotechnology Market

Agricultural Biotechnology Market Analysis and Size

Agricultural biotechnology plays an important role in growing the resistance of plants to any disease and harsh environmental conditions. Agricultural biotechnology involves using extensive modern techniques to create innovative products with improved quality traits. Conventional techniques have been adopted highly to alter animal and plant genomes. Furthermore, advancements in genetic engineering have allowed controlling genetic changes induced into the organism. Also, the increasing cultivation of biotech plants with the help of agricultural biotechnology will enhance the market's growth during the forecast period.

Data Bridge Market Research analyses that the agricultural biotechnology market is expected to reach USD 312.44 billion by 2030, which was USD 136.16 billion in 2022, registering a CAGR of 10.94% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Agricultural Biotechnology Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 - 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Crop protection products, Transgenic Seeds, Synthetic Biology-Enables Products), Trait Type (Stacked, Herbicide-tolerant, Insect-resistant, Desirable and Virus-resistant), Organisms (Plants, Animals, Microbes), Application (Vaccine Development, Transgenic Crops & Animals, Antibiotic Development, Nutritional Supplements, Flower Culturing, Biofuels), Technology (Genome Editing, Synthetic Biology, Genetic Engineering, Marker-assisted Breeding, Plant Breeding, Germplasm, Other Technologies)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

KWS SAAT SE & Co. KGaA (Germany), Dow (U.S.), Bayer AG (Germany), BASF SE (Germany), Thermo Fisher Scientific (U.S.), Sumitomo Chemical Co., Ltd (Japan), MITSUI & CO., LTD. (Japan), Novozymes (Denmark), Yield10 Bioscience Inc (U.S.), Kemin Industries Inc. (U.S.), Valent Biosciences (U.S.), Corteva (U.S.), DSM (Netherland), ADAMA (Israel), Cargill, Incorporated (U.S.), Nufarm Canada (Canada), DuPont. (U.S.), Eurofins (Luxembourg)

Market Opportunities

  • Growing usage of agriculture biotech for marker-assisted breeding
  • Increasing nutritional value of crops expanding horizon

Market Definition

Biotechnology is using scientific methods to enhance and change microbes, animals, and plants to increase their nutritional value. The branch of biotechnology which involves applications in agriculture is called agricultural biotechnology. Agricultural biotechnology has been used for a long time to enhance agriculturally significant organisms through selection and breeding. For instance, biotechnology in agriculture has been used for breeding animals with characteristics such as higher disease resistance and quick growth.

Global Agricultural Biotechnology Market Dynamics

Drivers

  • Growing adoption of Genetically Modified (GM) crops

Increasing adoption of genetically modified (GM) crops is expected to propel market growth globally during the forecast period. This is because genetic modification enables the production of food and feed crops with improved characteristics such as high yield, high nutritional value, enhanced food-processing qualities, and resistance against insects and diseases. As a result of all these factors, the demand for agricultural biotechnology will likely enhance market growth.

  • Vast applications of agriculture-integrated biotechnology widen the market scope

The vast application of agriculture-integrated biotechnology will likely boost market growth during the forecast period. Agriculture-integrated biotechnology finds huge applications across micropropagation, embryo transfer, tissue culture, cloning, and artificial insemination. Agriculture-integrated biotechnology has helped in livestock and crop enhancement by incorporating advanced tools. As a result of all these factors boosts the market growth.

Opportunities

  • Growing usage of agriculture biotech for marker-assisted breeding

Experts have controlled plant and animal development for agricultural interests for thousands of years. However, producing a new crop variety needs an imprecise and lengthy procedure called selective breeding. Novel molecular methods have recently improved the selective breeding tank by adding jet fuel. One method of this is marker-assisted selection, in which DNA markers support, guide, and accelerate plant breeding operations. In addition to increasing plant breeding, the marker-assisted selection offers a great deal more precision than traditional approaches. Then it relies on sophisticated bioinformatics techniques to find markers. All these factors are projected to increase the agricultural biotechnology market size in the upcoming years.

  • Increasing nutritional value of crops expanding horizon

 Potential to enhance the nutritional value of crop offerings huge opportunities for major players in the agricultural biotechnology market. A prominent case is an increasing demand for biotechnology for improving micronutrient deficiencies, such as genetic engineering of rice increases Vitamin A. Advancements in agriculture biotechnology have been involved in enhancing the nutritional value in multiple ways, such as by increasing phosphates and essential amino acids in grains and increasing the oil and starch components of seeds. The increasing concern about food security is expanding the ample opportunities in the agricultural biotechnology market.

Restraints/ Challenges

  • Lack of knowledge associated with agricultural biotechnology

Lack of knowledge related to agricultural biotechnology, such as research focus, and understanding of specific areas and infrastructure in developing counties, is anticipated to obstruct the agricultural biotechnology market share growth during the forecast period. Lack the understanding of specific areas of agriculture biotech in many developing countries in which investment should be made to fulfill certain objectives will further hamper the market growth.

  • Increasing effects of agricultural biotechnology on human health over

Agricultural biotechnology has currently been put into use. Therefore, predicting its possible significances on health and the environment is challenging. Since experts are unaware of the impact of genetically modified goods on human health. Antibiotic resistance genes are used as indicators in genetic engineering. These genes might reduce the efficiency of antibiotics, which would be dangerous if implanted into a plant's genome. These risks of agriculture biotechnology are expected to hamper market growth.

This agricultural biotechnology market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the agricultural biotechnology market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Agricultural Biotechnology Market Scope

The agricultural biotechnology market is segmented on the basis of product type, trait type, organisms, application, and technology. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

Trait Type

  • Stacked
  • Herbicide-tolerant
  • Insect-resistant
  • Desirable and Virus-resistant

 Organisms

  • Plants
  • Conventional Techniques
  • Established Genetic Modification
  • New Breeding Techniques
  • Animals
  • Conventional Techniques
  • Established Genetic Modification
  • New Breeding Techniques
  • Microbes
  • Conventional Techniques
  • Established Genetic Modification
  • New Breeding Techniques

 Application

  • Vaccine Development
  • Transgenic Crops & Animals
  • Antibiotic Development
  • Nutritional Supplements
  • Flower Culturing
  • Biofuels

 Technology

  • Genome Editing
  • Synthetic Biology
  • Genetic Engineering
  • Marker-assisted Breeding
  • Plant Breeding
  • Germplasm
  • Other Technologies

Agricultural Biotechnology Market Regional Analysis/Insights

The agricultural biotechnology market is analyzed and market size insights and trends are provided by country, product type, trait type, organisms, application and technology as referenced above.

The countries covered in the agricultural biotechnology market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Global (APAC) in the Global (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the agricultural biotechnology market due to the increasing genetic techniques acceptance for crops within the region. Furthermore, reducing the usage of insecticides and pesticides in farming will further boost market growth.

Asia-Pacific is anticipated to be the fastest-growing region in the agricultural biotechnology market during the forecast period of 2023-2030 due to the growing focus of farmers on modern farming techniques in this region. Moreover, rising personal disposable incomes and growing demand for food by increasing population will further increase the market growth,

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Agricultural Biotechnology Market Share Analysis

The agricultural biotechnology market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to agricultural biotechnology market.

Some of the major players operating in the agricultural biotechnology market are:

  • KWS SAAT SE & Co. KGaA (Germany)
  • Dow (U.S.)
  • Bayer AG (Germany)
  • BASF SE (Germany)
  • Thermo Fisher Scientific (U.S.)
  • Sumitomo Chemical Co., Ltd (Japan)
  • MITSUI & CO., LTD. (Japan)
  • Novozymes (Denmark)
  • Yield10 Bioscience Inc (U.S.)
  • Kemin Industries Inc. (U.S.)
  • Valent Biosciences (U.S.)
  • Corteva (U.S.)
  • DSM (Netherland)
  • ADAMA (Israel)
  • Cargill, Incorporated (U.S.)
  • Nufarm Canada (Canada)
  • DuPont. (U.S.)
  • Eurofins (Luxembourg)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The agricultural biotechnology market size will be worth USD 312.44 billion by 2030.
The growth rate of the agricultural biotechnology market is 10.94% in the forecast by 2030.
Major companies in the agricultural biotechnology market are KWS SAAT SE & Co. KGaA (Germany), Dow (U.S.), Bayer AG (Germany), BASF SE (Germany), Thermo Fisher Scientific (U.S.), Sumitomo Chemical Co., Ltd (Japan), MITSUI & CO., LTD. (Japan), Novozymes (Denmark), etc.
Product type, trait type, organisms, application, and technology are the factors on which the agricultural biotechnology market research is based.
Growing adoption of Genetically Modified (GM) crops & vast applications of agriculture-integrated biotechnology widen the market scope are the growth drivers of the agricultural biotechnology market.
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