Global Agricultural Biotechnology Market by Organism (Plants, Animals, Microbes), by Application (Flower Culturing, Vaccine, Biofuels) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

Global agricultural biotechnology market was valued at USD 89.89 million in 2018. It is expected to grow at a CAGR (7.07%) during the forecast period. The market is expected to grow due to an increase in demand for advanced breeding techniques. The market growth is also supported by the increasing use of technologies to modify or create traits in organisms, including plants, animals and microbes, with respect to size, yield, color or other characteristics.

A lot of agricultural applications are using biotechnology tools. These tools include micropropagation and tissue culture, marker-assisted breeding or molecular selection, genetically modified crops & molecular engineering, molecular diagnostic technology, and traditional plant breeding.

The market is expected to grow due to increased adoption of Genetically Modified crops (GM) globally over the forecast period. Genetic modification is used to produce feed and food crops that have higher nutritional values, high yields, improved food-processing characteristics, resistance against insects, and resistance against diseases. GM crops are rapidly becoming popular in many countries. The market for herbicide-tolerant, insect-resistant GM seeds is one of the fastest growing segments of the agricultural industry.

International Service for the Acquisition of Agritech Applications (ISAAA) estimates that 2.15 billion hectares of biotechnology crops were commercially grown between 1996 and 2016. These include 0.34 billion acres of biotechnology cotton, 1.04 million hectares biotechnology soybean, 0.13 miliarde hectares biotechnology canola and 0.64 billion ha of biotechnology maize. These products account for a large portion of global fiber, feed, fuel and food consumption.

Application Insights

The market for agricultural biotechnology is divided into six segments according to their application: vaccine development, transgenic crops and animals, antibiotic development nutritional supplement, crop culturing, biofuels, and flower culturing. The highest revenue was generated by the transgenic crops and animals segment in 2018, while vaccination development saw the most growth.

Agricultural biotechnology is a tool that can be used to improve the yield and quality of crops. Agriculture-integrated biotechnology finds vast applications across tissue culture, micropropagation, embryo transfer, cloning, and artificial insemination among others. The successful application of biotechnology tools has been made possible by the use of biotechnology tools in the micropropagation and improvement of aluminum tolerance, crop fortification, genetic modification, and crop fortification.

Organm Type Insights

Agricultural biotechnology is the application of many modern techniques to create innovative products with improved quality traits. Conventional breeding methods have been used a lot to alter the animal and plant genomes. Genetic engineering has made it possible to control the genetic changes that are introduced into an organism.

Modern biotechnology tools allow professionals to transfer genes from one species of a species to another. This allows them to optimize agricultural production and make valuable pharmaceutical compounds. Genetic engineering is most commonly applied to crops, animals, and soil bacteria.

Global agricultural biotechnology market can be divided into three segments according to the type of organism: animals, plants, and microbes. In 2018, the plants segment generated the most revenue and will continue to dominate the market for the entire forecast period. The animals segment will grow at the fastest rate of CAGR over the next few years. The organism outlook can be further divided into three sections based on the techniques used. These include genetic modification using conventional techniques and new breeding methods.

Regional Insights

North America dominated 2018 with the highest revenue share. This was due to its large range of agroclimatic zones, crops and large global Genetically Modified Plant Area. The U.S. and Canada account for approximately 50% of the world's GM area, and 10% of the total global planted area. Corn, soybean, wheat and alfalfa are the most important crops grown in North America's cultivated areas. Canola, cotton, canola, and barley follow. North America is also a net exporter, with approximately 30% of its corn, soybean and wheat production.

Asia Pacific will grow at the fastest rate during the forecast period. This region is characterised by the presence many people with diverse political and economic systems, cultural backgrounds, languages, and languages. These include the adoption of advanced technical standards in Japan and basic systems in India in the agricultural industry.

Asia Pacific is a highly lucrative market, with nearly 40% of global cropped area (nearly 600,000,000 hectares). This region is also known for its importance in rice production (except Australasia), as well as the dominance of smallholders. In Asia, rice is readily available at highly subsidised rates. Food security is a concern for many of the developing countries. Nearly 90% of rice production in the region is located in India and China, where 28% and 20% respectively.

Agricultural Biotechnology Market Insights

KWS SAAT SE & Co. KGaA and ChemChina are key players in this market. To maintain their market position, these companies have adopted a variety of strategies.

The market has seen a lot of product launches over the years. KWS SAAT SE & Co. KGaA in Brazil launched six hybrid corn varieties in July 2019. These varieties are resistant to herbicides, have high genetic protection, high yield, as well as tolerance. The company was able to launch a new range of seeds for Brazilian farmers and improve their visibility in Brazil.

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional and country level and offers an analysis of industry trends for each sub-segment from 2014 to 2025. Grand View Research has divided the global agricultural biotechnology market report by application, region, and organism type.

• Application Outlook (Revenue, USD Billion, 2014 - 2025)

  • Vaccine Development

  • Transgenic Crops & Animals

  • Antibiotic Development

  • Supplements for Nutrition

  • Flower Culturing

  • Biofuels

• Organism Type Outlook (Revenue, USD Billion, 2014 - 2025)

  • 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

• Regional Outlook (Revenue USD Billion, 2014-2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • Germany

    • UK

  • Asia Pacific

    • China

    • Japan

  • Latin America

    • Brazil

  • Middle East & Africa

    • South Africa

Up Market Research published a new report titled “Agricultural Biotechnology Market research report which is segmented by Organism (Plants, Animals, Microbes), by Application (Flower Culturing, Vaccine, Biofuels), By Players/Companies MITSUI & CO, ADAMA Ltd, Nufarm, Marrone Bio Innovations, LTD, Evogene Ltd, Performance Plants Inc, Bayer AG These companies are adopting several strategies to maintain their market presence, ChemChina, Corteva, Valent BioSciences LLC, Limagrain, KWS SAAT SE & Co KGaA”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Agricultural Biotechnology Market Report Segments:

The market is segmented by Organism (Plants, Animals, Microbes), by Application (Flower Culturing, Vaccine, Biofuels).

Agricultural Biotechnology Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Agricultural Biotechnology Market

Overview of the regional outlook of the Agricultural Biotechnology Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Agricultural Biotechnology Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Agricultural Biotechnology Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Plants

                2. Animals

                3. Microbes

                1. Flower Culturing

                2. Vaccine

                3. Biofuels

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Agricultural Biotechnology Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
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Reasons to Purchase the Agricultural Biotechnology Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.