Press release
Agricultural Biotechnology Market Size & Share Worth USD US$ 64.7 Bn by 2031, at a 9.5% CAGR: Transparency Market Research (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)
๐๐๐ญ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ (๐๐ฌ๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ ๐๐๐ข๐ฅ ๐๐ ๐๐จ๐ซ ๐๐ฎ๐ข๐๐ค ๐๐๐ฌ๐ฉ๐จ๐ง๐ฌ๐) -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=598
Agricultural biotechnology utilizes biological processes to improve crops, livestock, and other agricultural products. This encompasses techniques like genetic modification, gene editing, and biofertilizers. The market holds immense potential to address challenges like climate change, population growth, and resource scarcity.
Market Size and Growth
Agricultural Biotechnology Market is expected to surpass the value US$ 64.7 Bn By 2031, expanding at a CAGR of 9.5% during the forecast period 2022-2031
Market Segmentation
The agricultural biotechnology market can be segmented based on various factors:
By Service Type: This includes research & development, contract manufacturing, and testing services.
By Sourcing Type: Conventional vs. organic sources for raw materials.
By Application: Herbicide tolerance, insect resistance, improved crop yield, and enhanced nutritional value are some key applications.
By Industry Vertical: The market caters to segments like agriculture, food processing, and biofuels.
By Region: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa are the key regional segments.
Regional Analysis
North America and Europe are currently the dominant players in the agricultural biotechnology market due to established technological advancements and supportive regulatory frameworks. However, the Asia Pacific region is expected to exhibit the fastest growth rate due to factors like rising disposable incomes, increasing government investments, and a large agricultural base.
Market Drivers and Challenges
Several factors are propelling the market forward:
Growing demand for food due to population rise
Need for sustainable and resource-efficient agricultural practices
Rising concerns about food security
Increasing government support for R&D in agricultural biotechnology
However, challenges also exist:
Stringent regulations and lengthy approval processes
Public concerns regarding the safety of genetically modified organisms (GMOs)
Ethical considerations surrounding gene editing technologies
Market Trends
Emerging trends in the agricultural biotechnology market include:
Focus on precision agriculture techniques
Integration of artificial intelligence and big data analytics
Development of biopesticides and biofertilizers for a more organic approach
Growing interest in climate-resilient crops
Future Outlook
The agricultural biotechnology market presents a promising outlook for the future. As technological advancements continue and regulatory frameworks evolve, the market is expected to witness significant growth. The focus on sustainability and food security will further drive the adoption of agricultural biotechnology solutions.
Key Market Study Points
The market offers solutions for various agricultural challenges like low yields and pest resistance.
The segment for herbicide-tolerant crops holds a significant share.
Organic sourcing of materials is gaining traction.
The Asia Pacific region presents lucrative growth opportunities.
Continuous technological innovation and public acceptance are crucial for market expansion.
๐๐ฆ๐ฆ๐๐๐ข๐๐ญ๐ ๐๐๐ฅ๐ข๐ฏ๐๐ซ๐ฒ ๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ | ๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ :https://www.transparencymarketresearch.com/checkout.php?rep_id=598<ype=S
Competitive Landscape
The agricultural biotechnology market is home to a mix of established players and emerging companies. Some of the key players include Bayer CropScience AG, BASF SE, DowDuPont (Corteva Agriscience), Syngenta International AG, and Monsanto Company (now part of Bayer).
Recent Developments
The recent surge in investments in agricultural biotechnology startups highlights the increasing interest in this field. Moreover, collaborations between research institutions and private companies are accelerating innovation.
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก -
Synthetic Zeolite Market : https://www.prnewswire.com/news-releases/synthetic-zeolite-market-to-be-worth-usd-6-7-billion-by-2031-exclusive-report-by-transparency-market-research-inc-301994648.html
Recycled Metal Market - https://www.prnewswire.com/news-releases/recycled-metal-market-size-to-be-worth-usd-1-1-billion-by-2031--with-notable-cagr-of-3-6-transparency-market-research-inc-302012609.html
๐๐๐จ๐ฎ๐ญ ๐๐ฌ
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
Transparency Market Research Inc.
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