Agricultural biotechnology market Exhibit a Remarkable CAGR of 10.94% Size, Share, Trends, Key Drivers, Demand, Opportunity Analysis and Competitive Outlook

Data Bridge Market Research analyses that the agricultural biotechnology market is expected to reach USD 312.44 billion by 2030, which was USD 136.16 billion in 2022, registering a CAGR of 10.94% during the forecast period of 2023 to 2030.

Market Definition

Biotechnology is using scientific methods to enhance and change microbes, animals, and plants to increase their nutritional value. The branch of biotechnology which involves applications in agriculture is called agricultural biotechnology. Agricultural biotechnology has been used for a long time to enhance agriculturally significant organisms through selection and breeding. For instance, biotechnology in agriculture has been used for breeding animals with characteristics such as higher disease resistance and quick growth.

Explore Further Details about This Research Agricultural Biotechnology Market Report
https://www.databridgemarketresearch.com/reports/global-agricultural-biotechnology-market

Global Agricultural Biotechnology Market Dynamics
Drivers

• Growing adoption of Genetically Modified (GM) crops
Increasing adoption of genetically modified (GM) crops is expected to propel market growth globally during the forecast period. This is because genetic modification enables the production of food and feed crops with improved characteristics such as high yield, high nutritional value, enhanced food-processing qualities, and resistance against insects and diseases. As a result of all these factors, the demand for agricultural biotechnology will likely enhance market growth.

• Vast applications of agriculture-integrated biotechnology widen the market scope
The vast application of agriculture-integrated biotechnology will likely boost market growth during the forecast period. Agriculture-integrated biotechnology finds huge applications across micropropagation, embryo transfer, tissue culture, cloning, and artificial insemination. Agriculture-integrated biotechnology has helped in livestock and crop enhancement by incorporating advanced tools. As a result of all these factors boosts the market growth.
Opportunities

• Growing usage of agriculture biotech for marker-assisted breeding
Experts have controlled plant and animal development for agricultural interests for thousands of years. However, producing a new crop variety needs an imprecise and lengthy procedure called selective breeding. Novel molecular methods have recently improved the selective breeding tank by adding jet fuel. One method of this is marker-assisted selection, in which DNA markers support, guide, and accelerate plant breeding operations. In addition to increasing plant breeding, the marker-assisted selection offers a great deal more precision than traditional approaches. Then it relies on sophisticated bioinformatics techniques to find markers. All these factors are projected to increase the agricultural biotechnology market size in the upcoming years.

• Increasing nutritional value of crops expanding horizon
Potential to enhance the nutritional value of crop offerings huge opportunities for major players in the agricultural biotechnology market. A prominent case is an increasing demand for biotechnology for improving micronutrient deficiencies, such as genetic engineering of rice increases Vitamin A. Advancements in agriculture biotechnology have been involved in enhancing the nutritional value in multiple ways, such as by increasing phosphates and essential amino acids in grains and increasing the oil and starch components of seeds. The increasing concern about food security is expanding the ample opportunities in the agricultural biotechnology market.

Some of the major players operating in the agricultural biotechnology market are:
• KWS SAAT SE & Co. KGaA (Germany)
• Dow (U.S.)
• Bayer AG (Germany)
• BASF SE (Germany)
• Thermo Fisher Scientific (U.S.)
• Sumitomo Chemical Co., Ltd (Japan)
• MITSUI & CO., LTD. (Japan)
• Novozymes (Denmark)
• Yield10 Bioscience Inc (U.S.)

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