Agricultural Biotechnology

Global Agricultural Biotechnology Market to Reach US$98.8 Billion by 2030

The global market for Agricultural Biotechnology estimated at US$58.3 Billion in the year 2024, is expected to reach US$98.8 Billion by 2030, growing at a CAGR of 9.2% over the analysis period 2024-2030. Molecular Diagnostics, one of the segments analyzed in the report, is expected to record a 10.6% CAGR and reach US$39.0 Billion by the end of the analysis period. Growth in the Tissue Culture segment is estimated at 9.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$15.9 Billion While China is Forecast to Grow at 8.6% CAGR

The Agricultural Biotechnology market in the U.S. is estimated at US$15.9 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$15.2 Billion by the year 2030 trailing a CAGR of 8.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 8.4% and 7.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.9% CAGR.

Global Agricultural Biotechnology Market - Key Trends and Drivers Summarized

What Is Agricultural Biotechnology and How Is It Shaping Modern Farming?

Agricultural biotechnology is a dynamic field that applies techniques of biotechnology to enhance the productivity and sustainability of agriculture. This science involves the use of genetic engineering, molecular markers, molecular diagnostics, vaccines, and tissue culture to modify living organisms: plants, animals, and microorganisms. Crop biotechnology has enabled the development of plant varieties with desired traits such as increased yield, resistance to pests and diseases, and enhanced nutritional content. Genetically modified (GM) crops like corn, soybeans, and cotton that exhibit insect resistance and herbicide tolerance are now extensively cultivated globally. This technological leap has not only increased farm efficiency but also reduced the use of chemical pesticides and fertilizers, thereby decreasing the environmental impact of traditional farming practices.

How Are Genetic Innovations Contributing to Sustainability in Agriculture?

The role of genetic innovations in promoting sustainability in agriculture is pivotal. Through the use of agricultural biotechnology, scientists are able to create crops that can withstand harsh environmental conditions like drought, salinity, and extreme temperatures. These developments are particularly crucial in the face of climate change, which threatens to disrupt crop production worldwide. For instance, drought-tolerant maize and flood-resistant rice are helping farmers in vulnerable regions maintain their yields despite variable weather patterns. Additionally, biotechnology is being used to enhance the nutritional quality of crops, such as golden rice, which has been genetically modified to produce beta-carotene, a precursor of vitamin A, addressing malnutrition in regions where rice is a staple food. These innovations not only contribute to food security but also support the transition towards sustainable agricultural systems that are less dependent on non-renewable resources.

What Challenges and Ethical Considerations Surround Agricultural Biotechnology?

Despite its benefits, agricultural biotechnology raises significant ethical and safety concerns that influence public perception and regulatory policies. One of the primary concerns is the potential for genetically modified organisms (GMOs) to cause unintended harm to other organisms or the environment. This includes the transfer of allergenic genes, and the possibility of GMOs crossing with wild plants to create "super weeds." Additionally, there are concerns about the economic impact of GM crops on smallholder farmers, particularly in terms of dependency on proprietary seeds and the associated legal and financial constraints. These challenges necessitate stringent regulatory frameworks to ensure that biotechnological advancements in agriculture are safe, ethical, and equitable. Public acceptance is also crucial and is shaped by transparent communication of the scientific evidence supporting the safety and benefits of GM products.

What Drives the Growth in the Agricultural Biotechnology Market?

The growth in the agricultural biotechnology market is driven by several factors, reflecting the increasing global demand for food, feed, and fiber. Technological advancements that enhance crop yield and resilience are essential as the world`s population continues to grow and arable land decreases. The rising prevalence of biofuels also propels the development of bioengineered crops that are optimized for energy production. Furthermore, consumer behavior is increasingly influenced by environmental and sustainability concerns, driving demand for more `natural` and resource-efficient farming practices. Governments and international bodies are also playing a crucial role by funding research in agricultural biotechnology to secure food production systems and promote environmental sustainability. Economic development in emerging countries is another driver, boosting local research capabilities and adoption of biotech crops to ensure food security and agricultural productivity. Together, these factors are enhancing the integration of biotechnology in agriculture, promising a future of farming that is both productive and sustainable.

SCOPE OF STUDY:

The report analyzes the Agricultural Biotechnology market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Molecular Diagnostics, Tissue Culture, Vaccines, Genetic Engineering, Other Types); Application (Transgenic Crops, Synthetic Biology-enabled Products, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 17 Featured) -

• ADAMA Agricultural Solutions Ltd.
• BASF SE
• Bayer CropScience AG
• Certis USA LLC
• Dow AgroSciences LLC
• DuPont Pioneer
• Marrone Bio Innovations Inc.
• Monsanto Company
• Performance Plants Inc.
• Syngenta AG
• Valent BioSciences Corporation

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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