Agricultural Biotechnology Market Trends, Business Strategies, Regional Outlook, Top Leaders and Growth Forecast to 2030

The agricultural biotechnology market will grow at a rate of 10.7% in the years to come, and reach USD 106,870 million by 2030.

The industry will increase because of the growth in the requirement for new breeding procedures, for example plant grafting, genomic sciences, genetic engineering, and plant molecular breeding. This is due to the increasing use of biotech to produce or modify traits of creatures-as well as animals, plants, and microbes-with regards to color, yield, or size.

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Biofuel sources mostly comprise crops for example corn, soybean, wheat, and sugarcane, but organic waste material can also be used as a potential feedstock. The growing requirement for biofuels around the world can credited to the fact that they burn cleaner than conformist fossil fuels and release fewer pollutants and GHG, like CO2, into the atmosphere.

Key Players in Global Agricultural Biotechnology Industry Include:
• Syngenta AG
• DuPont de Nemours Inc.
• Performance Plants Inc.
• Certis USA LLC
• Bayer AG
• BASF SE
• Vilmorin & Cie
• Evogene Ltd.
• ADAMA Agricultural Solutions Ltd.
• KWS SAAT SE & Co. KGaA
• Global Bio-Chem Technology Group Company Limited
• Novozymes A/S

North America was the leader of the agricultural biotechnology market led the industry in the past. This is majorly credited to the growing acceptance of GM crops, as stated by one of the reports by a market research institution, P&S Intelligence.

Furthermore, the shortage of predictable fossil fuels has led to the expansion of biofuels, which, as well as the regulatory approval for them by statutory bodies in the U.S., will have a positive impact on the growth of the market.

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Furthermore, a number of recompences of transgenic crops over the normal ones, for example resistance to pests and toxic herbicides and supplementary nutritional values, will drive the region's market in the years to come.

With genome editing healthier crops can be formed that have an improved resistance to insects and reduce the risk of failure because of extreme weather conditions like drought and floods.

Therefore, genome editing will grow the fastest in the years to come, on the basis of technology.

The transgenic seeds bifurcation, based on product had the larger share in the market. This can be mostly credited to the increasing emphasis of market players on the development of these seeds to advance the efficiency of the farming operations.

Moreover, these products support in the reduction in the effect of any external factor, which is hampering the quality of the crop.

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The growing population is powering the demand for food products and thus the dependence on agricultural biotech. As per the UN Department of Economic and Social Affairs, the population of the world, was more than 7.7 billion in 2019.

Moreover, till 2050, half global population growth will be in China, India, Nigeria, Congo, Ethiopia, Pakistan, the U.S., Indonesia, Tanzania, and Uganda.

The growing population around the world will positively impact the demand for agricultural biotech in the years to come.

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This release was published on openPR.