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Global Agricultural Biotechnology market report, market size, share, trends, analysis and forecast to 2028
Agricultural biotechnology is a collection of new techniques that develops plant, animal, and living organisms to enhance crop productivity and efficiency. It delivers 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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By geography, North America is projected to hold the largest market share during the forecast period, owing to its wide range of agro-climatic zones and crops, along with a large global Genetically Modified (GM) planted area. In this province, the U.S. and Canada together represent around 50% of the global GM area and around 10% 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.
Some of the key players profiled in the Agricultural Biotechnology Market include Vilmorin, Valent BioSciences Corporation (USA), Syngenta, Rubicon, Performance Plants Inc, Mycogen Seeds, Monsanto, Marrone Bio Innovations, Inc. (USA), KWS SAAT AG, Global Bio-chem Technology, Evogene Ltd, Eurofins Genescan AG (U.S., Du Pont Pioneer Hi-Bred, Dow AgroSciences LLC, Certis USA, Biocentury Transgene Co. Ltd. (China), Bayer CropScience AG , ADAMA Agricultural Solutions Ltd.
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