Agricultural Biotechnology Market Predicted to Exceed USD 59,721.3 Mn by 2030 | Monsanto, Syngenta, Corteva

The latest report by Congruence Market Insights, titled 'Global Agricultural Biotechnology Market - Size, Trends, Share, Growth, Dynamics, Competition, and Opportunity Forecast, 2023 - 2030,' provides a thorough analysis of the global Agricultural Biotechnology market. The report meticulously examines both macro and micro trends, offering insights into the dynamic factors influencing the market. It encompasses a detailed exploration of qualitative and quantitative aspects, delivering a precise depiction of market size, growth rates, annual progression, prevailing trends, key drivers, promising opportunities, and potential challenges. Additionally, the report highlights the impact of crucial events such as advancements in genetic engineering and increasing demand for sustainable agriculture practices on the Agricultural Biotechnology market landscape. This exhaustive examination equips businesses and stakeholders with invaluable intelligence for making informed decisions in the evolving Agricultural Biotechnology industry.

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What is the anticipated market size in 2030, along with the major drivers, restraints, and opportunities?

According to the in-depth market study, the global Agricultural Biotechnology market is anticipated to reach a value of USD 59,721.3 Million by 2030 expanding at a CAGR of 9.7% between 2023 and 2030. The Agricultural Biotechnology market is primarily driven by the growing global population and the subsequent increase in food demand, necessitating sustainable agricultural practices. Advancements in biotechnology, including genetic engineering and molecular diagnostics, are revolutionizing crop breeding and animal husbandry, leading to improved crop yields, disease resistance, and nutritional quality. Moreover, the rising adoption of bio-pesticides and bio-fertilizers, along with the development of transgenic crops and animals, presents significant growth opportunities in the market. However, challenges include regulatory complexities and public perception regarding genetically modified organisms (GMOs).

How does AI impact the global Agricultural Biotechnology market?

AI impacts the global Agricultural Biotechnology market by enhancing crop breeding programs, optimizing farm management practices, and facilitating precision agriculture. AI-driven technologies, such as machine learning and predictive analytics, enable the analysis of vast datasets to identify genetic markers associated with desirable traits in crops and animals, accelerating the breeding process. AI-powered precision agriculture solutions offer real-time monitoring of soil conditions, crop health, and weather patterns, enabling farmers to optimize resource allocation and increase productivity while minimizing environmental impact. Furthermore, AI-driven molecular diagnostics aid in disease detection and treatment, contributing to improved livestock health and farm productivity. Despite the potential benefits, challenges include data privacy concerns and the need for regulatory frameworks to govern AI applications in agriculture.

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Scope of the Report:

► Executive Summary
► Demand and Supply-side Trends
► Market Drivers, Restraints, Opportunities, and Challenges
► Value Chain Analysis
► Porter's Five Forces Analysis
► Industry SWOT Analysis
► COVID-19 Impact Assessment
► PESTLE Analysis
► Global Market Size and Forecast
► Regional Market Size and Forecast (Cross-country Analysis)
► Competition Landscape
► Company Profiles

Agricultural Biotechnology Market Size and Forecast:

The report will comprehensively detail the Agricultural Biotechnology market size and forecast (2023-2030), presenting key metrics for strategic insights. We will analyze market revenue, quantifying total income from Agricultural Biotechnology solutions and services, and provide insights into market segmentation and competitive landscapes. Year-on-Year growth analysis will track annual percentage changes, offering trend insights. Additionally, the Compound Annual Growth Rate (CAGR) will be presented, providing a smoothed growth rate for a more consistent assessment of the market's expansion over the forecast period.

Which region holds the largest market share, and where does the major opportunity lie in the future?

North America holds the largest market share in the global Agricultural Biotechnology market, primarily due to the presence of key industry players and substantial investments in research and development activities. The region's advanced biotechnology infrastructure and favorable regulatory environment foster innovation and market growth. Major opportunities in the future lie in the Asia Pacific region, where increasing agricultural productivity demands and supportive government initiatives are driving the adoption of agricultural biotechnology solutions, especially in emerging economies like China and India.

Competition Landscape

The global Agricultural Biotechnology market is highly competitive, characterized by the presence of key industry players and biotechnology companies striving for market dominance. Key competitors focus on research and development initiatives, strategic collaborations, and product innovations to gain a competitive edge. Diverse offerings, including hybrid seeds, transgenic crops, and bio-pesticides, contribute to market dynamism. The competition landscape features a mix of established biotechnology firms and emerging players, all aiming to address the evolving needs of the agricultural sector through innovative biotechnological solutions.

>> Monsanto (now part of Bayer)
>> Syngenta (now owned by ChemChina)
>> Corteva Agriscience
>> Bayer CropScience
>> Syngenta AG
>> BASF Plant Science
>> CRISPR Therapeutics
>> Editas Medicine
>> Syros Pharmaceuticals
>> Novozymes
>> KWS SAAT SE & Co. KGaA
>> Precigen, Inc.
>> Calyxt, Inc.
>> Soylent Green
>> Evogene Ltd.
>> Tropic Biosciences

Comprehensive Market Segmentation:

∆ By Organism Type (Plants, Animals, Microbes)
∆ By Type (Hybrid Seeds, Transgenic Crops, Bio-pesticides, Bio-fertilizers)
∆ By Technology (Genetic Engineering, Tissue Culture, Embryo Rescue, Somatic Hybridization, Molecular Diagnostics)
∆ By Application (Vaccine Development, Transgenic Crops & Animals, Antibiotic Development, Nutritional Supplements, Flower Culturing, Biofuels)

Market Segmentation by Geography including:

∆ North America: U.S., Canada, and Mexico
∆ Europe: Germany, France, U.K., Italy, Spain, and Rest of Europe
∆ Asia Pacific: China, India, Japan, South Korea, Southeast Asia, and Rest of Asia Pacific
∆ South America: Brazil, Argentina, and Rest of Latin America
∆ Middle East & Africa: GCC Countries, South Africa, and Rest of Middle East & Africa

Frequently Asked Questions (FAQs):

► What is the current market scenario?
► What was the historical demand scenario, and forecast outlook from 2023 to 2030?
► What are the key market dynamics influencing growth in the Global Agricultural Biotechnology Market?
► Who are the prominent players in the Global Agricultural Biotechnology Market?
► What is the consumer perspective in the Global Agricultural Biotechnology Market?
► What are the key demand-side and supply-side trends in the Global Agricultural Biotechnology Market?
► What are the largest and the fastest-growing geographies?
► Which segment dominated, and which segment is expected to grow fastest?
► What was the COVID-19 impact on the Global Agricultural Biotechnology Market?

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Congruence Market Insights is a leading market research firm dedicated to providing in-depth analysis and strategic solutions for businesses across diverse industries. With a focus on delivering actionable insights, we offer comprehensive market intelligence, trend analysis, and forecasting to empower informed decision-making. We have built a reputation for delivering practical insights and genuine reports across diverse sectors such as agriculture, healthcare, technology, and manufacturing, covering an extensive array of both primary and niche sub-domains. Our expertise lies in uncovering market trends, consumer behavior, and competitive landscapes, enabling our clients to stay ahead in an ever-evolving business landscape.

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