Argentina Agriculture Biotechnology Market Overview, 2029

Argentina Agriculture Biotechnology Market Overview, 2029

Argentina has developed as a major player in the global agricultural sector, with biotechnology playing a critical role in altering farming practices. Genetically modified (GM) crops are at the forefront of this revolution, with soybeans, corn, and cotton dominating the market. Almost all soybeans and cotton are genetically engineered, and 95% of corn is as well. Argentina is committed to agricultural biotechnology innovation, with a focus on producing drought-resistant and herbicide-tolerant types. Argentina stands out in this sector because of its strong research base, which is supported by a highly skilled workforce and a well-established agricultural business. This collaboration allows the country to consistently pioneer new and enhanced biotech crops, offering a distinct selling point in the worldwide market. A major trend in Argentina's agricultural environment is farmers' increasing use of biotech solutions. This trend is driven by the established benefits of genetically modified crops, such as increased yield, pest resistance, and resource efficiency. Despite significant public discussion about the safety and environmental impact of GMOs, the Argentine government largely supports their usage, making them more widely adopted by farmers. Argentina's agricultural industry is a crucial strength, providing a plentiful supply of raw materials for biotech research and production. The country's lush grounds and pleasant climate foster agricultural innovation, allowing for the growth of a wide range of crops appropriate for biotechnological treatments. Argentina's availability of raw materials positions it well in the field of biotech agriculture, allowing it to maintain its lead in GM crop acceptance while also exploring new possibilities for technological improvement.

According to the research report “Argentina Agriculture Biotechnology Market Overview, 2029,"" published by Bonafide Research, the Argentina Agriculture Biotechnology market is forecasted to value at more than 3 Billion by 2029. Argentina's embrace of biotechnology in agriculture is driven by the need to boost production, fulfil rising global food demand, and adapt to the challenges posed by climate change. However, significant problems are on the horizon. Regulatory difficulties, such as approval processes and conformity with international standards, impede the mainstream adoption of biotech crops. Concerns surrounding intellectual property rights, such as seed preserving regulations, also provide issues for both farmers and seed developers. Furthermore, persistent concerns about the potential environmental risks connected with GMOs highlight the necessity for ongoing study and regulation to ensure the long-term integration of biotechnology into Argentina's agricultural operations. Argentina has a well-structured regulatory landscape for GMOs, with regulatory authorities such as CONABIA and SENASA in charge of completing rigorous risk evaluations and managing the commercialization process. This strong structure guarantees that genetically modified organisms are thoroughly vetted before they enter the market, protecting both human health and environmental integrity. The Argentine government is actively establishing a seed registry system to monitor the use of transgenic soybeans. This program not only answers issues about intellectual property, but it also increases transparency in the agricultural sector. Implementing such a system allows authorities to better manage the distribution and cultivation of genetically modified seeds, encouraging an atmosphere conducive to innovation while protecting intellectual property rights.

In the realm of hybrid seeds, a cornerstone of modern agricultural practices, the deliberate cross-pollination of genetically distinct parent plants within the same species has revolutionised crop cultivation. These hybrid seeds amalgamate desirable traits from each parent, yielding offspring plants endowed with heightened characteristics such as increased yield, improved disease resistance, better tolerance to environmental stressors, and uniform growth and appearance. This category of biotechnological innovation has significantly bolstered agricultural productivity and sustainability, offering farmers across the globe a powerful tool to enhance crop quality and yield potential. Transgenic crops, commonly known as genetically modified organisms (GMOs), represent another pivotal facet of biotech agriculture. Through genetic manipulation techniques, such as gene insertion from other organisms or modification of existing genes within the plant, transgenic crops are endowed with novel traits tailored to specific agricultural needs. These traits can range from pest resistance and herbicide tolerance to enhanced nutritional profiles, offering solutions to pressing challenges in modern agriculture, such as pest management and nutrient optimization. Bio-pesticides, derived from natural sources such as bacteria, fungi, viruses, plants, and minerals, constitute an eco-friendly alternative to conventional chemical pesticides. These biologically derived pest control products provide targeted solutions for crop protection while minimising adverse effects on beneficial insects and wildlife. With their ability to degrade rapidly in the environment, bio-pesticides contribute to sustainable pest management practices, aligning with the growing demand for environmentally conscious agricultural solutions. Bio-fertilizers, comprising living organisms or organic substances, play a crucial role in enhancing soil health and fertility. By promoting nutrient availability and uptake, bio-fertilizers contribute to improved crop growth and yield potential. Key mechanisms include nitrogen fixation, phosphorus solubilization, and stimulation of plant root growth, underscoring the multifaceted benefits of these biotechnological interventions in agriculture.

Argentina's biotech agriculture business is expected to increase significantly, boosted by rising demand for its products. The country frequently promotes its biotechnology breakthroughs at international agricultural trade exhibitions and conferences, maintaining its status as a pioneer in the industry. Such events provide crucial networking, knowledge exchange, and partnership-building opportunities, bringing Argentina's biotech sector to the global stage. Argentina is a major supplier of agricultural commodities such as soybeans, corn, and wheat, giving it a strong presence in the worldwide market. Recent trade figures from the Ministry of Agriculture, Livestock, and Fisheries highlight the country's agricultural significance, demonstrating its strong trade infrastructure and global competitiveness. The price of biotech seeds in Argentina is determined by a variety of factors, including crop type, specific technology used, and market conditions. Industry reports and conversations with agricultural input suppliers can provide useful insights into pricing patterns, allowing stakeholders across the agricultural value chain to make more educated decisions. The COVID-19 epidemic disrupted the worldwide agriculture supply chain, limiting access to transgenic seeds in the immediate term. Argentina, like other countries, struggled to keep its agricultural industry running smoothly in the face of pandemic-related concerns. However, the long-term impact of COVID-19 appears to be more beneficial to Argentina's biotech agriculture business. The crisis has highlighted the significance of improving food security and agricultural resilience, resulting in greater focus and investment in biotechnologies that address these concerns. As the globe emerges from the epidemic, Argentina is set to capitalise on the increased awareness of agricultural sustainability and innovation, employing its experience and resources to further improve its position.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Agriculture Biotechnology market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type
• Hybrid Seeds
• Transgenic Crops
• Bio-pesticides
• Bio-fertilizers

By Technology
• Genetic Engineering
• Tissue Culture
• Embryo Rescue
• Somatic Hybridization
• Molecular Diagnostics
• Vaccine
• Others

By Application
• Transgenic Crops & Animals
• Antibiotic Development
• Biofuels
• Vaccine Development
• Nutritional Supplements
• Flower Culturing
•
By Crop Type
• Soybean
• Maize
• Cotton
• Others (Canola, alfalfa, sugar beets, potatoes, papaya, squash, apples)

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Agriculture Biotechnology industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.