The global agricultural biotechnology market was valued at $39,565.6 million in 2022, which is expected to grow at a CAGR of 11.7% during the forecast period (2022–2027).
Agricultural Biotechnology Market Overview
The agricultural biotechnology market has been identified as one of the fastest-growing industries, owing to the increasing cultivation of biotech crops across the globe and the high assumptions in agriculture research and development. Agricultural biotechnology plays a vital role in increasing the resistance of plants towards a harsh conservational condition or any disease. It is also improving agriculture productivity. The demand for agricultural biotechnology is increasing due to the increasing cultivation of biotech crops across the globe. This factor is expected to fuel the growth of the global agricultural biotechnology market. However, the unfavorable scenario of the cultivation of genetically engineered crops in Europe is anticipated to hamper the market growth. Biotechnology tools are gaining significant demand across agricultural applications. These include tissue culture and micropropagation, marker-assisted selection or molecular breeding, genetically modified crops & genetic engineering, molecular diagnostic technologies, and conservative plant breeding.
Moreover, more than 70 countries approved the agriculture of biotech crops. The US, Argentina, Canada, Brazil, and India mutually occupied almost 91% of the global biotech crop area.
Who are the Major Players in Agricultural Biotechnology Market?
The Global Agricultural Biotechnology Market study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Syngenta AG, DuPont de Nemours Inc., Performance Plants Inc., Certis USA LLC, Bayer AG, BASF SE, Vilmorin & Cie, Evogene Ltd., ADAMA Agricultural Solutions Ltd., KWS SAAT SE & Co. KGaA, Global Bio-Chem Technology Group Company Limited, Novozymes A/S
Industry News and Updates
Mar. 30, 2021: Adama’s new formulation fungicide for cereals and OSR--
Adama Agricultural Solutions has launched a novel prothioconazole fungicide that uses a unique formulation to offer improved cereal and OSR disease control compared to the current market leader. Soratel (250 g/l prothioconazole), features Adama’s new Asorbital formulation technology comprising a combination of two solvents and an adjuvant. The novel formulation was developed at Adama’s global R&D facility at Neot Hovav, Israel.
16 March 2021: BASF invests in biotechnology start-up Bota Bio--
BASF Venture Capital (BVC) has invested in Bota Biosciences, Ltd. (Bota Bio), an industrial synthetic biotech company based in Hangzhou, China. Bota Bio, founded in 2019, is developing a proprietary next-generation biotechnology platform which enables sustainable and economical production of high value products for a broad array of industrial applications.
What are the major Applications, Types, and Regions for Agricultural Biotechnology Market?
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
By Application, it is segmented into
- Vaccine Development
- Transgenic Crop and Animals
- Antibiotic Development
- Nutritional Supplements
- Flower Culturing
- Biofuels
- Other
Agricultural Biotechnology Market Regional Analysis
North America dominated with the largest revenue share in 2022, owing to its wide range of agro-climatic zones and crops, along with a large global Genetically Modified (GM) planted area. In this region, the U.S. and Canada together represent around 50% of the global GM area and around 10% of the global planted area. Major crops cultivated in around 70% of the cultivated area of North America include corn, soybean, and wheat, followed by alfalfa, cotton, canola, & barley. Moreover, North America is a net exporter of agricultural products with around 30% production of corn, soybean, and wheat globally. The Asia Pacific serves as a lucrative market as the region occupies nearly 40% of the global cropped area (nearly 600 million hectares). The region is also characterized by the importance of rice crops (except Australasia), and the predominance of smallholders. Rice is available at highly subsidized rates across Asia and food security is a major concern for local governments in most of its developing economies. The region holds nearly 90% of the total crop area for rice, with 20% and 28% in China and India respectively.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our Agricultural Biotechnology Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 11.7% over the forecast period (2022-2027)
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By Type
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By Application
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- Vaccine Development
- Transgenic Crop and Animals
- Antibiotic Development
- Nutritional Supplements
- Flower Culturing
- Biofuels
- Other
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By Companies
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Syngenta AG, DuPont de Nemours Inc., Performance Plants Inc., Certis USA LLC, Bayer AG, BASF SE, Vilmorin & Cie, Evogene Ltd., ADAMA Agricultural Solutions Ltd., KWS SAAT SE & Co. KGaA, Global Bio-Chem Technology Group Company Limited, Novozymes A/S
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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165
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Agricultural Biotechnology Market Report
- Evaluate Agricultural Biotechnology Market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level - for product types, end-use applications, and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.
- Get in-depth insights on your competitor's performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Agricultural Biotechnology Market entropy - M&As, deals, partnerships, product launches of all key players for the past 5 years.
- Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.
Frequently Asked Questions
What is the growth rate of Agricultural Biotechnology Market?
The Agricultural Biotechnology Market is growing at a CAGR of 11.7% over the next 5 years.
Who are the key players in Agricultural Biotechnology Market?
Syngenta AG, DuPont de Nemours Inc., Performance Plants Inc., Certis USA LLC, Bayer AG, BASF SE, Vilmorin & Cie, Evogene Ltd., ADAMA Agricultural Solutions Ltd., KWS SAAT SE & Co. KGaA, Global Bio-Chem Technology Group Company Limited, Novozymes A/S
What are the significant types of Agricultural Biotechnology Market?
Plants, Animal, Microbes
What are the major end-use applications of Agricultural Biotechnology Market?
Vaccine Development, Transgenic Crop and Animals, Antibiotic Development, Nutritional Supplements, Flower Culturing, Biofuels, Other
All our reports are custom made to your company's needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
