Global Agricultural Biotechnology Market 2024-2028
The agricultural biotechnology market is forecasted to grow by USD 28.63 bn during 2023-2028, accelerating at a CAGR of 9.6% during the forecast period. The report on the agricultural biotechnology market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for higher crop yield, strict regulatory controls on pesticides, and increasing adoption of bio stimulants.
Technavio's agricultural biotechnology market is segmented as below:
By Product
- Transgenic seeds and crops
- Crop protection biochemicals
- Others
By Type
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the use of transgenic animals to produce recombinant proteins as one of the prime reasons driving the agricultural biotechnology market growth during the next few years. Also, growing focus on animal cloning and increased adoption of stacked gm seeds will lead to sizable demand in the market.
The report on the agricultural biotechnology market covers the following areas:
- Agricultural biotechnology market sizing
- Agricultural biotechnology market forecast
- Agricultural biotechnology market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading agricultural biotechnology market vendors that include BASF SE, Bayer AG, Bioceres Crop Solutions Corp., Corteva Inc., Dow Chemical Co., DuPont de Nemours Inc., Eurofins Scientific SE, Evogene Ltd., FMC Corp., Global Bio chem Technology Group Co. Ltd., Illumina Inc., Limagrain, Mitsui and Co. Ltd., Novozymes AS, Nufarm Ltd., Performance Plants Inc., Sumitomo Chemical Co. Ltd., Syngenta Crop Protection AG, Thermo Fisher Scientific Inc., and KWS SAAT SE and Co. KGaA. Also, the agricultural biotechnology market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.