Press release
Agricultural Biotechnology Market will project a compound annual growth rate (CAGR) of 10.44%, size, share, Key players, Regional Overview, Business Outlook, Current and Future Growth
Data Bridge Market Research analyses that the agricultural biotechnology market will project a compound annual growth rate (CAGR) of 10.44% during the forecast period of 2022-2029. Growing rate of production of fruits and vegetables especially in the developing economies such as China and India, increasing focus on the latest trends in the market, growing application of advanced and modern agricultural and farming practices, high growth in emerging countries coupled with high adoption of innovative technologies, and increasing industry competitiveness are the major factors attributable to the growth of agricultural biotechnology market.Also known as agritech, agricultural biotechnology is an agricultural science of the application of a wide range of scientific tools and techniques that alter living organisms, or parts of organisms with an aim to develop microorganisms for specific agricultural uses. The aim behind the application of agricultural biotechnology is to improve the quality of the seed and plant, improve the soil health, improve animal health and breeding and develop biofuels.
GLOBAL AGRICULTURAL BIOTECHNOLOGY MARKET SCOPE AND MARKET SIZE
The global agricultural biotechnology market is segmented on the product type, livestock, source and form. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of type, the agricultural biotechnology market is segmented into molecular diagnostics, molecular markers, tissue culture, vaccines, genetic engineering, and others.
On the basis of application, the agricultural biotechnology market is bifurcated into transgenic crops, flower culturing, nutritional supplements, biofuels, antibiotic development, vaccine development and others.
On the basis of organism type, the agricultural biotechnologymarket is divided into plants, animals, microbes, and others.
On the basis of technology, the agricultural biotechnology market is fragmented into genome editing tools, ribonucleic acid interference [RNAi], biochips, deoxy ribonucleic acid [DNA] sequencing, and synthetic biology.
Based on the product, the agricultural biotechnology market is segregated into crop protection products, transgenic seeds, and synthetic biology-enables products. Crop protection products are further sub-categorized into biostimulants, and biopesticides. Transgenic seeds are further sub-segmented into soybean, fruits and vegetables, maize, cotton, and others.
COMPETITIVE LANDSCAPE AND AGRICULTURAL BIOTECHNOLOGY MARKET SHARE ANALYSIS
The global agricultural biotechnology market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to agricultural biotechnology market.
Some of the major players operating in the agricultural biotechnology market are KWS SAAT SE & Co. KGaA, ChemChina, Corteva., Limagrain, MITSUI & CO., LTD., AgPlenus ltd., Biomica, Evogene Ltd., Canonic ltd., Bayer AG, Valent BioSciences LLC, Nufarm Limited, Marrone Bio Innovations., Performance Plants Inc., ADAMA Ltd.. Cargill, Incorporated., DuPont., Kemin Industries, Inc., Novozymes and DSM among others.
AGRICULTURAL BIOTECHNOLOGY MARKET COUNTRY LEVEL ANALYSIS
The global agricultural biotechnology market is segmented on the product type, livestock, source and form.
The countries covered in the agricultural biotechnology market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the agricultural biotechnology market due to the expanding genetic techniques acceptance for crops, reduction in the usage of pesticides in farming while Asia-Pacific is expected to grow at the highest growth rate due to the focus of modern farming techniques, boosting personal disposable incomes, and germinating demand of food by surging population.
The country section of the agricultural biotechnology market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Explore Full Research Report@ https://www.databridgemarketresearch.com/reports/global-agricultural-biotechnology-market
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