Global Agricultural Biotechnology Market – Analysis and Forecast (2021-2027)

Industry Insights by Technology (Genome Editing Tools, Ribonucleic Acid Interference [RNAi], Biochips, Deoxy Ribonucleic Acid [DNA] Sequencing, Synthetic Biology), by Product (Crop Protection Products [Biostimulants, Biopesticides], Transgenic Seeds [Soybean, Fruits & Vegetables, Maize, Cotton, Others]), and by Geography (U.S., Canada, Germany, U.K., France, China, Japan, India, and Rest of the World)

Industry Overview

The Global Agricultural Biotechnology Market was valued at USD 34.2 billion in 2020 and is expected to grow at a CAGR of 5.6% during the forecast period (2021–2027). Agricultural biotechnology is the collection of novel techniques to enhance crop productivity and efficiency. It provides framers an innovative technology that can make crop reasonable and productive. It is used to safeguard crops from destructive diseases, and to alter the genetic sequence of crops, which surges crop production. The global agricultural biotechnology market is growing at a significant rate, due to escalating per capita income, and mounting demand for biofuel.

Different technologies such as genome editing tools, ribonucleic acid interference (RNAi), biochips, deoxy ribonucleic acid (DNA) sequencing, and synthetic biology contributed to the agricultural biotechnology market size. The market has witnessed a high demand for genome editing tools due to escalating genome research and expanding the application of genome tools in agriculture research.

Market Segmentation

Insight by Technology

On the basis of technology, the global agricultural biotechnology market is categorized into genome editing tools, ribonucleic acid interference (RNAi), biochips, deoxy ribonucleic acid (DNA) sequencing, and synthetic biology. Of all technologies, synthetic biology segment is expected to grow at fastest rate in the market, due to the capacity of synthetic biology to produce larger groups of genes and gene parts in a particular genome of crop seed. In addition, genome editing tools accounted the largest share in the market, due to escalating genome research, and expanding the application of genome tools in agriculture research.

Insight by Product

On the basis of product, the global agricultural biotechnology market is segmented into transgenic seeds, and crop protection products. Of all the products, crop protection products are expected to grow at a faster rate in the market due to its benefits such as guarding plants against several harmful chemicals and other pests. In addition, the transgenic seeds segment accounted the largest share in the market, due to mounting demand of transgenic soybean worldwide, decrease in cultivable land, and transgenic crops expand agricultural productivity and help producers.

The crop protection products segment is further subdivided into biostimulants and biopesticides. The transgenic seeds segment is further subdivided into soybean, fruits and vegetables, maize, cotton, and others. The soybean segment is expected to grow at the fastest rate in the market, due to its health benefits.

Global Agricultural Biotechnology Market Report Coverage

Industry Dynamics

Growth Drivers

Expanding population size, the prospering need for transgenic crops, mounting demand of genetically modified crops, escalating per capita income, regulatory reinforce in the U.S. and Brazil, intensifying animal feed owing to mounting meat consumption, and mounting demand for biofuel is the primary growth drivers for agricultural biotechnology market. 

Majority of genetically modified crops grown in developing economies, escalating agricultural needs, and mounting research activities in genetically modified crops in developing countries are also facilitating the growth of the agricultural biotechnology market.

Challenges

Stringent rules and guidelines associated to the registration of genetically modified products, terminator seed technology, issues associated to patent rights of biotech crops, and conflict towards genetically modified crops in Europe are the major challenges for the growth of agricultural biotechnology market.

Industry Ecosystem

Globally, the manufacturing companies trying to enter the agricultural biotechnology market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier to the entry of new players. This offers an edge to the established players in the industry competition.

Geographic Overview

Geographically, North America is the largest agricultural biotechnology market as in the region the acceptance of genetically modified crops is increasing. In addition, reductions in the application of pesticides, mounting research activities in genetically modified crops, and greater repays from farming operations are also up surging growth of the North American agricultural biotechnology market.

Asia-Pacific is observed to witness the fastest growth in the market, due to mounting acceptance of modern farming technique. In addition, escalating disposable income, greater food demand and expanding population size are also creating a positive impact on the agricultural biotechnology market growth in the region. 

Competitive Insight

Key players in the agricultural biotechnology market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In June 2018, Bayer AG acquired Monsanto Company, to help and improve harvest even better. 

Syngenta AG, Bayer AG, Evogene Ltd., DowDuPont Inc., KWS SAAT SE, BASF SE, Performance Plants Inc., Global Bio-chem Technology Group Company Limited, Vilmorin & Cie, Certis USA LLC, and ADAMA Agricultural Solutions Ltd are the key players offering agricultural biotechnology.

Primary Research

VynZ Research conducts extensive primary research to understand the market dynamics, validate market data and have key opinions from the industry experts. The key profiles approached within the industry includes, CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads and Others. Also, end user surveys comprising of consumers are also conducted to understand consumer behaviour.

The Agricultural Biotechnology Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2021–2027.

Segments Covered in the Report

• By Technology 
  • Genome Editing Tools 
  • Ribonucleic Acid Interference (RNAi)
  • Biochips
  • Deoxy Ribonucleic Acid (DNA) Sequencing 
  • Synthetic Biology
• By Product 
  • Crop Protection Products
    • Biostimulants
    • Biopesticides
  • Transgenic Seeds
    • Soybean 
    • Fruits & Vegetables 
    • Maize 
    • Cotton 
    • Others
• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World (RoW)
  • Brazil
  • Saudi Arabia
  • South Africa
  • U.A.E.
  • Other Countries

Source: VynZ Research

Source: VynZ Research

1. Research Overview

1.1. The Report Offers

1.2. Market Coverage

1.2.1. By Technology

1.2.2. By Product

1.2.3. By Region

1.3. Research Phases

1.4. Limitations

1.5. Market Size Estimations and Forecast

1.5.1. Data Sources

1.5.1.1. Primary Research

1.5.1.2. Secondary Research

1.5.2. Methodology

1.5.2.1. Data Exploration

1.5.2.2. Forecast Parameters

1.5.2.3. Data Validation

1.5.2.4. Assumptions

1.5.3. Study Period & Data Reporting Unit

2. Executive Summary

3. Market Definition

3.1. By Technology

3.1.1. Genome Editing Tools

3.1.2. Ribonucleic Acid Interference (RNAi)

3.1.3. Biochips

3.1.4. Deoxy Ribonucleic Acid (DNA) Sequencing

3.1.5. Synthetic Biology

3.2. By Product

3.2.1. Crop Protection Products

3.2.1.1. Biostimulants

3.2.1.2. Biopesticides

3.2.2. Transgenic Seeds

3.2.2.1. Soybean

3.2.2.2. Fruits & Vegetables

3.2.2.3. Maize

3.2.2.4. Cotton

3.2.2.5. Others

4. Industry Overview

4.1. Industry Dynamics

4.1.1. Market Growth Drivers

4.1.2. Market Growth Restraints

4.1.3. Key Market Trends

4.1.4. Major Opportunities

4.2. Industry Ecosystem

4.2.1. Porter’s Five Forces Analysis

4.2.2. Recent Development Analysis

4.2.3. Value Chain Analysis

4.3. Competitive Insight

4.3.1. Competitive Position of Industry Players

4.3.2. Market Attractive Analysis

4.3.3. Market Share Analysis

5. Global Market Estimate and Forecast

5.1. By Technology

5.2. By Product

5.3. By Region

6. North America Market Estimate and Forecast

6.1. By Technology

6.2. By Product

6.3. By Country

6.3.1. U.S. Market Estimate and Forecast

6.3.2. Canada Market Estimate and Forecast

6.3.3. Mexico Market Estimate and Forecast

7. Europe Market Estimate and Forecast

7.1. By Technology

7.2. By Product

7.3. By Country

7.3.1. Germany Market Estimate and Forecast

7.3.2. France Market Estimate and Forecast

7.3.3. U.K. Market Estimate and Forecast

7.3.4. Italy Market Estimate and Forecast

7.3.5. Spain Market Estimate and Forecast

7.3.6. Rest of Europe Market Estimate and Forecast

8. Asia-Pacific Market Estimate and Forecast

8.1. By Technology

8.2. By Product

8.3. By Country

8.3.1. China Market Estimate and Forecast

8.3.2. Japan Market Estimate and Forecast

8.3.3. India Market Estimate and Forecast

8.3.4. South Korea Market Estimate and Forecast

8.3.5. Singapore Market Estimate and Forecast

8.3.6. Rest of Asia-Pacific Market Estimate and Forecast

9. Rest of the World (RoW) Market Estimate and Forecast

9.1. By Technology

9.2. By Product

9.3. By Country

9.3.1. Brazil Market Estimate and Forecast

9.3.2. Saudi Arabia Market Estimate and Forecast

9.3.3. South Africa Market Estimate and Forecast

9.3.4. Other Countries Market Estimate and Forecast

10. Company Profiles

10.1. Syngenta AG

10.1.1. Snapshot

10.1.2. Overview

10.1.3. Offerings

10.1.4. Financial Insight

10.1.5. Recent Developments

10.2. Bayer AG

10.2.1. Snapshot

10.2.2. Overview

10.2.3. Offerings

10.2.4. Financial Insight

10.2.5. Recent Developments

10.3. Evogene Ltd.

10.3.1. Snapshot

10.3.2. Overview

10.3.3. Offerings

10.3.4. Financial Insight

10.3.5. Recent Developments

10.4. DowDuPont Inc.

10.4.1. Snapshot

10.4.2. Overview

10.4.3. Offerings

10.4.4. Financial Insight

10.4.5. Recent Developments

10.5. KWS SAAT SE

10.5.1. Snapshot

10.5.2. Overview

10.5.3. Offerings

10.5.4. Financial Insight

10.5.5. Recent Developments

10.6. BASF SE

10.6.1. Snapshot

10.6.2. Overview

10.6.3. Offerings

10.6.4. Financial Insight

10.6.5. Recent Developments

10.7. Performance Plants Inc.

10.7.1. Snapshot

10.7.2. Overview

10.7.3. Offerings

10.7.4. Financial Insight

10.7.5. Recent Developments

10.8. Global Bio-chem Technology Group Company Limited

10.8.1. Snapshot

10.8.2. Overview

10.8.3. Offerings

10.8.4. Financial Insight

10.8.5. Recent Developments

10.9. Vilmorin & Cie

10.9.1. Snapshot

10.9.2. Overview

10.9.3. Offerings

10.9.4. Financial Insight

10.9.5. Recent Developments

10.10. Certis USA LLC

10.10.1. Snapshot

10.10.2. Overview

10.10.3. Offerings

10.10.4. Financial Insight

10.10.5. Recent Developments

10.11. ADAMA Agricultural Solutions Ltd

10.11.1. Snapshot

10.11.2. Overview

10.11.3. Offerings

10.11.4. Financial Insight

10.11.5. Recent Developments

11. Appendix

11.1. Exchange Rates

11.2. Abbreviations

Note: Financial insight and recent developments of different companies are subject to availability of information in secondary domain.

List of Tables

Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Agricultural Biotechnology Market Size, by Technology, 2015-2020 (USD Million)
Table 5 Global Agricultural Biotechnology Market Size, by Technology, 2021-2027 (USD Million)
Table 6 Global Agricultural Biotechnology Market Size, by Product, 2015-2020 (USD Million)
Table 7 Global Agricultural Biotechnology Market Size, by Product, 2021-2027 (USD Million)
Table 8 Global Crop Protection Products Market Size, by Type, 2015-2020 (USD Million)
Table 9 Global Crop Protection Products Market Size, by Type, 2021-2027 (USD Million)
Table 10 Global Transgenic Seeds Market Size, by Type, 2015-2020 (USD Million)
Table 11 Global Transgenic Seeds Market Size, by Type, 2021-2027 (USD Million)
Table 12 Global Agricultural Biotechnology Market Size, by Region, 2015-2020 (USD Million)
Table 13 Global Agricultural Biotechnology Market Size, by Region, 2021-2027 (USD Million)
Table 14 North America Agricultural Biotechnology Market Size, by Technology, 2015-2020 (USD Million)
Table 15 North America Agricultural Biotechnology Market Size, by Technology, 2021-2027 (USD Million)
Table 16 North America Agricultural Biotechnology Market Size, by Product, 2015-2020 (USD Million)
Table 17 North America Agricultural Biotechnology Market Size, by Product, 2021-2027 (USD Million)
Table 18 North America Crop Protection Products Market Size, by Type, 2015-2020 (USD Million)
Table 19 North America Crop Protection Products Market Size, by Type, 2021-2027 (USD Million)
Table 20 North America Transgenic Seeds Market Size, by Type, 2015-2020 (USD Million)
Table 21 North America Transgenic Seeds Market Size, by Type, 2021-2027 (USD Million)
Table 22 North America Agricultural Biotechnology Market Size, by Country, 2015-2020 (USD Million)
Table 23 North America Agricultural Biotechnology Market Size, by Country, 2021-2027 (USD Million)
Table 24 Europe Agricultural Biotechnology Market Size, by Technology, 2015-2020 (USD Million)
Table 25 Europe Agricultural Biotechnology Market Size, by Technology, 2021-2027 (USD Million)
Table 26 Europe Agricultural Biotechnology Market Size, by Product, 2015-2020 (USD Million)
Table 27 Europe Agricultural Biotechnology Market Size, by Product, 2021-2027 (USD Million)
Table 28 Europe Crop Protection Products Market Size, by Type, 2015-2020 (USD Million)
Table 29 Europe Crop Protection Products Market Size, by Type, 2021-2027 (USD Million)
Table 30 Europe Transgenic Seeds Market Size, by Type, 2015-2020 (USD Million)
Table 31 Europe Transgenic Seeds Market Size, by Type, 2021-2027 (USD Million)
Table 32 Europe Agricultural Biotechnology Market Size, by Country, 2015-2020 (USD Million)
Table 33 Europe Agricultural Biotechnology Market Size, by Country, 2021-2027 (USD Million)
Table 34 Asia-Pacific Agricultural Biotechnology Market Size, by Technology, 2015-2020 (USD Million)
Table 35 Asia-Pacific Agricultural Biotechnology Market Size, by Technology, 2021-2027 (USD Million)
Table 36 Asia-Pacific Agricultural Biotechnology Market Size, by Product, 2015-2020 (USD Million)
Table 37 Asia-Pacific Agricultural Biotechnology Market Size, by Product, 2021-2027 (USD Million)
Table 38 Asia-Pacific Crop Protection Products Market Size, by Type, 2015-2020 (USD Million)
Table 39 Asia-Pacific Crop Protection Products Market Size, by Type, 2021-2027 (USD Million)
Table 40 Asia-Pacific Transgenic Seeds Market Size, by Type, 2015-2020 (USD Million)
Table 41 Asia-Pacific Transgenic Seeds Market Size, by Type, 2021-2027 (USD Million)
Table 42 Asia-Pacific Agricultural Biotechnology Market Size, by Country, 2015-2020 (USD Million)
Table 43 Asia-Pacific Agricultural Biotechnology Market Size, by Country, 2021-2027 (USD Million)
Table 44 RoW Agricultural Biotechnology Market Size, by Technology, 2015-2020 (USD Million)
Table 45 RoW Agricultural Biotechnology Market Size, by Technology, 2021-2027 (USD Million)
Table 46 RoW Agricultural Biotechnology Market Size, by Product, 2015-2020 (USD Million)
Table 47 RoW Agricultural Biotechnology Market Size, by Product, 2021-2027 (USD Million)
Table 48 RoW Crop Protection Products Market Size, by Type, 2015-2020 (USD Million)
Table 49 RoW Crop Protection Products Market Size, by Type, 2021-2027 (USD Million)
Table 50 RoW Transgenic Seeds Market Size, by Type, 2015-2020 (USD Million)
Table 51 RoW Transgenic Seeds Market Size, by Type, 2021-2027 (USD Million)
Table 52 RoW Agricultural Biotechnology Market Size, by Country, 2015-2020 (USD Million)
Table 53 RoW Agricultural Biotechnology Market Size, by Country, 2021-2027 (USD Million)
Table 54 Snapshot – Syngenta AG
Table 55 Snapshot – Bayer AG
Table 56 Snapshot – Evogene Ltd.
Table 57 Snapshot – DowDuPont Inc.
Table 58 Snapshot – KWS SAAT SE
Table 59 Snapshot – BASF SE
Table 60 Snapshot – Performance Plants Inc.
Table 61 Snapshot – Global Bio-chem Technology Group Company Limited
Table 62 Snapshot – Vilmorin & Cie
Table 63 Snapshot – Certis USA LLC
Table 64 Snapshot – ADAMA Agricultural Solutions Ltd

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Types for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Agricultural Biotechnology Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Agricultural Biotechnology Market Highlight
Figure 12 Global Agricultural Biotechnology Market Size, by Technology, 2015-2027 (USD Million)
Figure 13 Global Agricultural Biotechnology Market Size, by Product, 2015-2027 (USD Million)
Figure 14 Global Crop Protection Products Market Size, by Type, 2015-2027 (USD Million)
Figure 15 Global Transgenic Seeds Market Size, by Type, 2015-2027 (USD Million)
Figure 16 Global Agricultural Biotechnology Market Size, by Region, 2015-2027 (USD Million)
Figure 17 North America Agricultural Biotechnology Market Highlight
Figure 18 North America Agricultural Biotechnology Market Size, by Technology, 2015-2027 (USD Million)
Figure 19 North America Agricultural Biotechnology Market Size, by Product, 2015-2027 (USD Million)
Figure 20 North America Crop Protection Products Market Size, by Type, 2015-2027 (USD Million)
Figure 21 North America Transgenic Seeds Market Size, by Type, 2015-2027 (USD Million)
Figure 22 North America Agricultural Biotechnology Market Size, by Country, 2015-2027 (USD Million)
Figure 23 Europe Agricultural Biotechnology Market Highlight
Figure 24 Europe Agricultural Biotechnology Market Size, by Technology, 2015-2027 (USD Million)
Figure 25 Europe Agricultural Biotechnology Market Size, by Product, 2015-2027 (USD Million)
Figure 26 Europe Crop Protection Products Market Size, by Type, 2015-2027 (USD Million)
Figure 27 Europe Transgenic Seeds Market Size, by Type, 2015-2027 (USD Million)
Figure 28 Europe Agricultural Biotechnology Market Size, by Country, 2015-2027 (USD Million)
Figure 29 Asia-Pacific Agricultural Biotechnology Market Highlight
Figure 30 Asia-Pacific Agricultural Biotechnology Market Size, by Technology, 2015-2027 (USD Million)
Figure 31 Asia-Pacific Agricultural Biotechnology Market Size, by Product, 2015-2027 (USD Million)
Figure 32 Asia-Pacific Crop Protection Products Market Size, by Type, 2015-2027 (USD Million)
Figure 33 Asia-Pacific Transgenic Seeds Market Size, by Type, 2015-2027 (USD Million)
Figure 34 Asia-Pacific Agricultural Biotechnology Market Size, by Country, 2015-2027 (USD Million)
Figure 35 RoW Agricultural Biotechnology Market Highlight
Figure 36 RoW Agricultural Biotechnology Market Size, by Technology, 2015-2027 (USD Million)
Figure 37 RoW Agricultural Biotechnology Market Size, by Product, 2015-2027 (USD Million)
Figure 38 RoW Crop Protection Products Market Size, by Type, 2015-2027 (USD Million)
Figure 39 RoW Transgenic Seeds Market Size, by Type, 2015-2027 (USD Million)
Figure 40 RoW Agricultural Biotechnology Market Size, by Country, 2015-2027 (USD Million)