The global agricultural biotechnology market was valued at USD 34.2 billion in 2023 and is expected to grow at a CAGR of 5.6% during the forecast period. Globally, key players in the agricultural biotechnology market are catering to the demand for 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.
Expanding population size, the prospering need for transgenic crops, mounting demand for genetically modified crops, escalating per capita income, regulatory reinforcement in the U.S. and Brazil, intensifying animal feed owing to mounting meat consumption, and mounting demand for biofuel are the primary growth drivers for agricultural biotechnology market.
Segment / Key Players |
Categorization |
Technology |
Genome Editing Tools, Ribonucleic Acid Interference [RNAi], Biochips, Deoxy Ribonucleic Acid [DNA] Sequencing, Synthetic Biology |
Product |
Crop Protection Products [Biostimulants, Biopesticides], Transgenic Seeds [Soybean, Fruits & Vegetables, Maize, Cotton, Others] |
Key Players |
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 |
Browse Market Insight and In-depth TOC on "Global Agricultural Biotechnology Market – Analysis and Forecast (2025-2030)"
Crop protection products are expected to grow at a faster rate in the agricultural biotechnology market in 2023
Based on product, the global agricultural biotechnology market is subdivided 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 their benefits such as guarding plants against several harmful chemicals and other pests. In addition, the transgenic seeds segment accounted for the largest share of the market, due to mounting demand for transgenic soybeans worldwide, a decrease in cultivable land, and transgenic crops expanding agricultural productivity and helping producers.
The crop protection products segment is further subdivided into biostimulants and biopesticides. The transgenic seeds segment is further subdivided into soybeans, 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.
Geography Insight
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 surging the growth of the North American agricultural biotechnology market.
Competitive Insight
Some of the key players operating in the global agricultural biotechnology market are 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.
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The report provides the market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue (USD Billion). The report segments the global agricultural biotechnology market based on technology, product, and region.
Global Agricultural Biotechnology Market Coverage
Technology Insight and Forecast 2025-2030
Product Insight and Forecast 2025-2030
Geographical Segmentation
Agricultural Biotechnology Market by Region
North America
Europe
Asia-Pacific (APAC)
Rest of the World (RoW)