Agricultural Biotechnology Market Size, Share, Trends And Forecast 2023-2028

The latest report by IMARC Group, titled "Agricultural Biotechnology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The global agricultural biotechnology market size reached US$ 131 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 201.2 Billion by 2028, exhibiting a growth rate (CAGR) of 7.30% during 2023-2028.

Agricultural biotechnology is a specialized field that employs various scientific techniques, including genetic engineering, tissue culture, and molecular diagnostics, to improve plant and animal productivity as well as food quality. This technology aims to address challenges such as pest resistance, climate adaptability, and nutrient enhancement in crops. It offers solutions for increasing yield while reducing the dependency on chemical fertilizers and pesticides. It is rapidly becoming indispensable in modern farming, as it provides farmers with tools that can make agriculture more sustainable and efficient. From genetically modified crops that are drought-resistant to biopesticides that are less harmful to the environment, this technology plays a critical role in the food production chain. As a result, agricultural biotechnology is extensively used in diverse sectors, including crop production, animal husbandry, and biofuels.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/agricultural-biotechnology-market/requestsample

Agricultural Biotechnology Market Trends and Drivers:

The global agricultural biotechnology market is primarily driven by the growing population worldwide, which has led to a rising demand for food, thus creating an urgent need for higher agricultural yields. Moreover, the challenges posed by climate change on traditional farming practices are propelling the need for more resilient and efficient solutions, which agricultural biotechnology can deliver. Additionally, advancements in molecular biology techniques are opening up new avenues for research and development (R&D), thereby contributing to market growth. Furthermore, the shifting trend toward sustainable agriculture has accelerated the adoption of biotech crops that require fewer inputs and are environmentally friendly. In line with this, several government initiatives and favorable policies aimed at promoting food security and sustainable farming are expected to catalyze market growth in the coming years.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Organism Type:

Plants 
Conventional Techniques
Established Genetic Modification
New Breeding Techniques
Animals
Conventional Techniques
Established Genetic Modification
New Breeding Techniques
Microbes 
Conventional Techniques
Established Genetic Modification
New Breeding Techniques

Breakup by Technology:

Genome Editing
Synthetic Biology
Genetic Engineering
Marker-Assisted Breeding
Plant Breeding
Germplasm
Others

Breakup by Application:

Vaccine Development
Transgenic Crops and Animals
Antibiotic Development
Nutritional Supplements
Flower Culturing
Others

Market Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Competitive Landscape with Key Player:

ADAMA Ltd. (Syngenta Group Co. Ltd.)
BASF SE
Bayer AG
DowDuPont
LGC Biosearch Technologies (LGC Ltd.)
Performance Plants Inc.
Yield10 Bioscience Inc.

Explore full report with table of contents: https://www.imarcgroup.com/agricultural-biotechnology-market

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Contact US

IMARC Group

Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA 

Follow us on Twitter: @imarcglobal

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.