Agricultural Biotechnology Market Size, Share, Trends, Growth and Competitive Outlook
Agricultural Biotechnology Market Size, Share, Trends, Growth and Competitive Outlook
Blog Article
"Global Agricultural Biotechnology Market – Industry Trends and Forecast to 2031
Global Agricultural Biotechnology Market, By Product Type (Crop protection products, Transgenic Seeds, Synthetic Biology-Enables Products), Trait Type (Stacked, Herbicide-tolerant, Insect-resistant, Desirable and Virus-resistant), Organisms (Plants, Animals, Microbes), Application (Vaccine Development, Transgenic Crops and Animals, Antibiotic Development, Nutritional Supplements, Flower Culturing, Biofuels), Technology (Genome Editing, Synthetic Biology, Genetic Engineering, Marker-assisted Breeding, Plant Breeding, Germplasm, Other Technologies) – Industry Trends and Forecast to 2031.
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The global agricultural biotechnology market size was valued at USD 151.06 billion in 2023 and is projected to reach USD 346.61 billion by 2031, with a CAGR of 10.94% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.
**Segments**
- **Crop Type**: The agricultural biotechnology market can be segmented based on crop type, which includes genetically modified crops such as corn, soybean, cotton, and canola. These genetically modified crops are tailored to exhibit specific traits such as resistance to pests and diseases, tolerance to herbicides, improved nutritional content, and enhanced yield potential.
- **Technology**: Another crucial segment of the agricultural biotechnology market is technology, encompassing various techniques like genetic engineering, molecular markers, gene editing, and synthetic biology. These technologies play a pivotal role in developing genetically modified organisms (GMOs) with desired traits to address agricultural challenges and enhance productivity.
- **Application**: The market can also be segmented based on applications, such as crop improvement, biofuels, and animal genetics. Crop improvement through agricultural biotechnology focuses on enhancing characteristics like pest resistance, drought tolerance, and nutrient content, contributing to sustainable agriculture practices and food security.
**Market Players**
- **Monsanto Company**: A leading player in the agricultural biotechnology market, Monsanto Company focuses on developing genetically modified seeds and traits to improve crop yields, reduce environmental impacts, and enhance agricultural productivity.
- **Syngenta AG**: Syngenta AG is another key market player known for its expertise in crop protection and seed technologies. The company's focus on innovation and sustainability drives its contributions to the agricultural biotechnology sector.
- **Bayer AG**: Bayer AG is actively involved in agricultural biotechnology through its crop science division, offering solutions for crop protection, seeds, and digital farming technologies. The company's commitment to research and development reinforces its position in the market.
- **DowDuPont Inc.**: DowDuPont Inc. is a significant player in agricultural biotechnology, combining expertise in materials science, genetics, and agriculture to deliver innovative solutions for sustainable food production and environmental stewardship.
- **BASF SE**: BASF SE is actively engaged in agricultural biotechnology through its crop protectionBASF SE is a prominent player in the agricultural biotechnology market, particularly in the realm of crop protection. The company's portfolio includes a wide range of products aimed at safeguarding crops against pests, diseases, and weeds. BASF's commitment to research and development drives innovation in crop protection solutions, ensuring sustainable agricultural practices and fostering food security globally. By leveraging its expertise in chemistry and biology, BASF SE continues to introduce cutting-edge solutions that enhance crop resilience and contribute to increased yields for farmers.
In addition to its focus on crop protection, BASF SE actively participates in the development of genetically modified crops designed to address specific agricultural challenges. By integrating biotechnology into its research and development efforts, BASF aims to create crops with enhanced characteristics such as pest resistance, drought tolerance, and improved nutritional profiles. These genetically modified crops offer significant benefits to farmers by reducing the need for chemical inputs and improving overall crop health, contributing to more sustainable and productive agriculture practices.
Furthermore, BASF SE's involvement in agricultural biotechnology extends to digital farming technologies, which play a crucial role in optimizing farm operations and decision-making processes. By leveraging data analytics, precision agriculture, and IoT solutions, BASF helps farmers enhance productivity, reduce resource wastage, and make informed choices about crop management practices. The integration of digital tools with biotechnology enables BASF to offer comprehensive solutions that address the evolving needs of modern agriculture and support the transition towards precision farming.
Overall, BASF SE's multifaceted approach to agricultural biotechnology, encompassing crop protection, genetic modification, and digital farming technologies, positions the company as a key player in driving innovation and sustainability within the agricultural sector. By continuing to invest in research and collaborative partnerships, BASF remains at the forefront of developing novel solutions that enhance crop performance, protect the environment, and support the global food supply chain. As the demand for efficient and sustainable agricultural practices continues to grow, BASF's contributions to the agricultural biotechnology market are poised to play a crucial role in**Global Agricultural Biotechnology Market**
- By Product Type: Crop protection products, Transgenic Seeds, Synthetic Biology-Enabled Products
- Trait Type: Stacked, Herbicide-tolerant, Insect-resistant, Desirable, and Virus-resistant
- Organisms: Plants, Animals, Microbes
- Application: Vaccine Development, Transgenic Crops and Animals, Antibiotic Development, Nutritional Supplements, Flower Culturing, Biofuels
- Technology: Genome Editing, Synthetic Biology, Genetic Engineering, Marker-assisted Breeding, Plant Breeding, Germplasm, Other Technologies
The global agricultural biotechnology market is witnessing significant growth due to increasing demand for sustainable agriculture practices, rising global population, and the need for enhanced crop productivity. The market segmentation based on product type highlights the importance of crop protection products, transgenic seeds, and synthetic biology-enabled products in addressing agricultural challenges. With traits like stacked, herbicide-tolerant, insect-resistant, desirable, and virus-resistant becoming more prevalent, the market is poised for further innovation in crop development to meet evolving consumer and industry needs.
Organisms play a crucial role in agricultural biotechnology, with advancements in plant, animal, and microbial biotechnology driving research and product development. The application segment underscores the diverse uses of biotechnology in vaccine development, transgenic crops and animals, antibiotic development, nutritional supplements, flower culturing, and biofuels, reflecting the versatility of biotechnological solutions in modern agriculture. Technological advancements in
Highlights of TOC:
Chapter 1: Market overview
Chapter 2: Global Agricultural Biotechnology Market
Chapter 3: Regional analysis of the Global Agricultural Biotechnology Market industry
Chapter 4: Agricultural Biotechnology Market segmentation based on types and applications
Chapter 5: Revenue analysis based on types and applications
Chapter 6: Market share
Chapter 7: Competitive Landscape
Chapter 8: Drivers, Restraints, Challenges, and Opportunities
Chapter 9: Gross Margin and Price Analysis
Key takeaways from the Agricultural Biotechnology Market report:
- Detailed considerate of Agricultural Biotechnology Market-particular drivers, Trends, constraints, Restraints, Opportunities and major micro markets.
- Comprehensive valuation of all prospects and threat in the
- In depth study of industry strategies for growth of the Agricultural Biotechnology Market-leading players.
- Agricultural Biotechnology Market latest innovations and major procedures.
- Favorable dip inside Vigorous high-tech and market latest trends remarkable the Market.
- Conclusive study about the growth conspiracy of Agricultural Biotechnology Market for forthcoming years.
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