Global Agricultural Biotechnology Market is expected to reach $51.93 billion by 2026 growing at a CAGR of 11.1%

Global Agricultural Biotechnology Market is accounted for $20.19 billion in 2017 and is expected to reach $51.93 billion by 2026 growing at a CAGR of 11.1%. Some of key factors influencing the market growth include increasing demand for bio fuels, growing transgenic crops demand owing to rising food demand, rising per capita income and growing population size. However, strong concern about genetically modified crops and low acceptance by consumers, stringent rules and regulations related to the registration of products are restricting the market growth.

Agricultural biotechnology is a collection of new techniques that develops plant, animal, and living organisms to enhance crop productivity and efficiency. It provides farmers innovative technology that can make crop production cheaper and more reasonable. Agricultural biotechnology can be utilized to shield crops from destructive diseases. It is mainly used to modify the genetic sequence of crops known as transgenic or genetically modified crops, which increases the crop productivity.

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Amongst Products, Soybeans are expected to held significant market share during predicted period. This leading position of the category is due to the increasing demand for export and import of transgenic soybean across the world. By Geography, North America is expected to contribute the larger revenue due to the increasing adoption of genetically modified crops in the country.

Some of the key players in the global Agricultural Biotechnology market include DuPont Pioneer Hi-Bred, Certis USA, Bayer CropScience AG, Dow AgroSciences LLC, Syngenta, ADAMA Agricultural Solutions Ltd., KWS SAAT AG, Monsanto, Global Bio-chem Technology, Rubicon, Mycogen Seeds, Evogene Ltd, Performance Plants Inc., Vilmorin, Marrone Bio Innovations, Inc., Valent BioSciences Corporation, Biocentury Transgene Co. Ltd. and Eurofins Genescan AG.

Technologies Covered:
-Biochips
-Ribonucleic Acid Interference (RNAi)
-Genome Editing Tools
-Synthetic Biology
-Deoxy Ribonucleic Acid (DNA) Sequencing

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Products Covered:
-Crop Protection Products
-Transgenic Seeds
-Synthetic biology-enabled products

Types Covered:
-Molecular Diagnostics
-Molecular Markers
-Tissue Culture
-Vaccines
-Genetic Engineering
-Other Types
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