Global Agriculture Biotechnology Market By Overview
Introduction
Agriculture Biotechnology Market was valued at US$ 120 Billion in 2024 and is projected to grow at a CAGR of 7.80% to reach US$ 237 Billion by 2034.
Agricultural biotechnology has raised various debates and ethical concerns related to the environmental impact, potential health risks, and the ownership of genetically modified organisms (GMOs). While some view agri-biotech as a promising tool to address food security challenges and improve global agriculture, others are cautious about its unintended consequences and potential long-term effects.
As the world's population continually increasing, so does the demand for food. Agriculture biotechnology Market provides options for increasing crop productivity and yield, making it an important aspect in fulfilling future food demands. The pressure to produce more food while minimizing the environmental impact of agriculture has been driving the adoption of biotechnology. Techniques like genetic engineering can help create crops that require fewer chemical inputs and are more resilient to climate change.
Global Agriculture Biotechnology Market By Dynamics
Increasing Global Population
Agriculture biotechnology plays a vital role in addressing these challenges by offering innovative solutions to enhance crop productivity, improve food security, and sustainably meet the needs of a growing population. The increasing global population is one of the key drivers influencing the agriculture biotechnology market. As the world's population continues to grow, there is a corresponding increase in the demand for food, feed, fiber, and other agricultural products.
Rising Awareness of Food Safety and Nutrition
Biotechnology enables the development of crops with enhanced nutritional profiles. For example, bio fortification can be used to increase the levels of essential vitamins, minerals, and other nutrients in crops, making them more nutritious for consumers. Biotech crops can be engineered to have inherent resistance to pests and diseases, reducing the need for chemical pesticides and herbicides. This results in crops that are less likely to carry harmful residues, promoting food safety. As consumers become more health-conscious and informed about the impact of their food choices, agriculture biotechnology has the potential to meet their demands for safer and more nutritious food. However, it is essential to address public concerns, maintain transparency, and comply with regulatory standards to build and maintain consumer trust in biotech-derived products.
Restrains:
Unforeseen ecological risks are one of the key restraints that impact the agriculture biotechnology market. As with any new technology or innovation, there is always a degree of uncertainty and potential for unintended consequences. In the context of agriculture biotechnology, unforeseen ecological risks refer to the potential adverse impacts on the environment that may not have been anticipated during the development and deployment of biotech products.
Global Agriculture Biotechnology Market By Segmentation
Agriculture Biotechnology Market is segmented based on Type, Application and Region.
Type Insight
On the basis of Type, Agriculture Biotechnology Market is segmented into Molecular Diagnostics, Molecular Markers, Tissue Culture, Vaccines, and Genetic Engineering. Genetic Engineering is expected to dominate the target market growth as genetic engineering involves the manipulation of an organism's DNA to introduce specific genes or modify existing ones to confer desired traits. In agriculture, genetic engineering has been extensively used to develop genetically modified organisms (GMOs), including crops with improved characteristics.
Application Insights
On the basis of Application, Agriculture Biotechnology Market is segmented into Transgenic Crops and Synthetic Biology-Enabled Products. Transgenic Crops is expected to dominate the target market growth as these crops have been genetically modified to express specific traits that confer advantages such as pest resistance, herbicide tolerance, disease resistance, and improved nutritional content. Some of the most widely grown transgenic crops include corn (maize), soybean, cotton, and canola.
Regional Insights:
On the basis of region the Agriculture Biotechnology Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region is expected to witness significant revenue growth in the Agriculture Biotechnology market in the coming years as the United States and Canada have been at the forefront of agricultural biotechnology adoption. These countries have well-established biotechnology industries, supportive regulatory frameworks, and significant investment in research and development. They were expected to continue leading in the adoption and commercialization of biotech products.
Also, Asia-Pacific region, including countries like China, India, and Australia, has been experiencing rapid growth in agricultural biotechnology. The increasing population, food security concerns, and the need for sustainable agriculture have driven the adoption of biotech crops and other agricultural biotechnology products in this region.
Report Scope:
|
Attribute |
Details |
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Base year for estimation |
2023 |
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Forecast period |
2024 – 2034 |
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Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
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Market Segmentation |
By Type - Molecular Diagnostics, Molecular Markers, Tissue Culture, Vaccines, and Genetic Engineering By Application - Transgenic Crops and Synthetic Biology-Enabled Products |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Agriculture Biotechnology Market report based on Type, Source, Method of Extraction, Application and Region:
Agriculture Biotechnology Market, By Type:
- Molecular Diagnostics
- Molecular Markers
- Tissue Culture
- Vaccines
- Genetic Engineering
Agriculture Biotechnology Market, By Application:
- Transgenic Crops
- Synthetic Biology-Enabled Products
Agriculture Biotechnology Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Agriculture Biotechnology Market By Key Players
The key players operating the Agriculture Biotechnology Market includes, KWS SAAT AG, Monsanto, Inc., Syngenta, Dow AgroSciences, Vilmorin, Certis USA, Evogene, Ltd., Bayer Crop Science, DuPont, Inc.
Global Agriculture Biotechnology Market By Company Profile
- KWS SAAT AG*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Monsanto, Inc.
- Syngenta
- Dow AgroSciences
- Vilmorin
- Certis USA
- Evogene, Ltd.
- Bayer Crop Science
- DuPont, Inc.
“*” marked represents similar segmentation in other categories in the respective section
Recent Development:
- In February 2021, the U.S. Food and Drug Administration (FDA) announced the availability of science and our food supply, exploring food agriculture and biotechnology, a new, free and online supplemental curriculum for middle and high school students on the science behind genetically engineered plants. This is the most recent addition to the FDA's award-winning supplemental curriculum series Science and Our Food Supply. The curriculum aims to assist teachers in teaching middle and high school students about traditional and modern agricultural methods, with a focus on genetic engineering and genome editing techniques used to produce foods commonly referred to as "GMOs."
Global Agriculture Biotechnology Market By Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Bunker Fuel Market, By Type, 2022 – 2032, (US$ Bn)
- Overview
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- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Molecular Diagnostics
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Molecular Markers
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Tissue culture
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Vaccines
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Genetic Engineering
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 203
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- Bunker Fuel Market, By Application, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Transgenic Crops
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Synthetic Biology-Enabled Products
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Bunker Fuel Market, By Region, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Overview
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- Latin America
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
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- GCC
- Israel
- South Africa
- Rest of Middle East
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- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- KWS SAAT AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Monsanto, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Syngenta
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Dow AgroSciences
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Vilmorin
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Certis USA
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Evogene, Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Baer Crop Science
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- DuPont, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Agriculture Biotechnology Market is segmented into Type, Application and Region.
Agriculture Biotechnology Market is driven by factors like increasing global population and rising awareness of food safety and nutrition.
By region, the Agriculture Biotechnology market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.
The key players operating the Agriculture Biotechnology Market includes, KWS SAAT AG, Monsanto, Inc., Syngenta, Dow AgroSciences, Vilmorin, Certis USA, Evogene, Ltd., Bayer Crop Science, DuPont, Inc.