The global agricultural biotechnology market was valued at USD 34.2 billion in 2022 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 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.
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.
Browse Market Insight and In-depth TOC on "Global Agricultural Biotechnology Market – Analysis and Forecast (2023-2030)"
Crop protection products are expected to grow at a faster rate in the agricultural biotechnology market in 2022
On the basis of 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 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.
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 the growth of the North American agricultural biotechnology market.
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.
Key Takeaway from the Report:
The Report Offers:
Benefits of Report Purchase from VynZ:
We provide accurate data and in-depth analysis with all-inclusive coverage.
Robust Research Methodology
Robust research methodology and data triangulation to ensure high quality report.
24*7 analyst support – Pre and post purchase of the report as well as during the project tenure.
24*7 sales support – Hassle free delivery of the report and quick response and support by sales team.
20% post purchase free customization to meet your requirements.
We claim full customer satisfaction as our core values lie in building long term relationship.
High level of data security and confidentiality of your information.
The report provides the market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue (USD Million). The report segments the global agricultural biotechnology market on the basis of technology, product, and region.
Global Agricultural Biotechnology Market Coverage
Technology Insight and Forecast 2018-2030
Product Insight and Forecast 2018-2030
Agricultural Biotechnology Market by Region
Rest of the World (RoW)