Key Trends Reshaping the Agricultural Biotechnology Market: Innovative Biotechnologies Transforming Agriculture Focus On Integrated Solutions Industry Transformation

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Agricultural Biotechnology Market Size Growth Forecast: What to Expect by 2025?
In recent times, the agricultural biotechnology market has witnessed considerable growth. It is anticipated to expand from $44.82 billion in 2024 to $49.18 billion in 2025, at a Compound Annual Growth Rate (CAGR) of 9.7%. This significant increase during the historic period can be credited to the rise in population and subsequent food demand, advancement in crop immunity to pest and diseases, more refined crop traits, advancements in the field of genetic engineering, coupled with environmental concerns and the trend of sustainable agriculture.

How Will the Agricultural Biotechnology Market Size Evolve and Grow by 2029?
The size of the agricultural biotechnology market is predicted to rapidly increase in the future, reaching an estimated $72.34 billion in 2029, with a compound annual growth rate (CAGR) of 10.1%. This expected growth during the forecast period can be credited to the increasing emphasis on precision farming, the need to adapt to climate change, consumer preference for sustainable procedures, the dynamics of global trade, emerging markets, and evolving economies. Major trends for this period incorporate joint ventures and partnerships, advancements in technology, preparedness for biosecurity and pandemics, the prominence of gene-editing technologies, and the integration of digital agriculture.

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What Drivers Are Propelling the Growth of Agricultural Biotechnology Market Forward?
Anticipations of escalated food demand are seen as a promising driver for the growth of the agricultural biotechnology market. This demand refers to how much and what variety of food consumers wish to acquire within a certain time frame. The factors leading to this increase are population expansion, urbanization, and changes in dietary trends. By boosting crop productivity, enhancing the quality of crops, and increasing their resistance to environmental pressures, agricultural biotechnology significantly contributes to this amplified food demand. For example, the U.S. Bureau of Labor Statistics has published reports stating that the average household expenditure on food saw a 12.7% rise from 2021 to 2022. This was primarily driven by a 20.1% hike in out-of-home meal spending and an 8.4% increase in at-home food spending. Hence, the rising food demand is fostering the growth of the agricultural biotechnology market.

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What Trends Will Shape the Agricultural Biotechnology Market Through 2029 and Beyond?
Leading firms in the agricultural biotechnology sector are focusing on novel biotechnologies, namely integrated solutions pipelines, to hasten the transition of agriculture and confront climate issues affecting specific regions and crop systems. This particular strategy blends crop defense, seeds, characteristics, technologies, instruments, and practices to refine agricultural operations, boost output, and enhance sustainability. For example, BASF SE, a chemical corporation based in Germany, introduced an innovation pipeline that includes integrated solutions for expediting the evolution of agriculture by March 2023. This solution equips farmers with the necessary solutions to meet the challenges of region-specific pest pressures, weather issues, shifting regulatory standards, and growing customer demands. Furthermore, this can guide farmers in optimizing their resources, minimizing waste, and enhancing crop yield, resulting in reduced emissions. It also bolsters climate adaptability, preservation of biodiversity, and precise applications.

What Are the Key Segments in the Agricultural Biotechnology Market?
The agricultural biotechnology market covered in this report is segmented -

1) By Organism Type: Plants, Animal, Microbes
2) By Technology: Genetic Engineering, Tissue Culture, Embryo Rescue, Somatic Hybridization, Molecular Diagnostics, Vaccine, Other Technologies
3) By Application: Vaccine Development, Transgenic Crop And Animals, Antibiotic Development, Nutritional Supplements, Flower Culturing, Biofuels

Subsegments:
1) By Plants: Genetically Modified Crops, Biofortified Crops, Crop Protection Products
2) By Animals: Genetically Modified Animals, Animal Vaccines, Animal Feed Additives
3) By Microbes: Microbial Biopesticides, Microbial Biofertilizers, Microbial Enzymes

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Who Are the Key Players Shaping the Agricultural Biotechnology Market's Competitive Landscape?
Major companies operating in the agricultural biotechnology market are BASF SE, Dow AgroSciences Inc., Bayer AG, Syngenta AG, Monsanto Company, DuPont de Nemours Inc., Novozymes A/S, Certis USA, Vilmorin & Cie SA, KWS SAAT SE, Indigo Agriculture Inc., Bioceres Crop Solutions Corp., Ginkgo Bioworks Holdings Inc., AgBiome Inc., Pairwise Plants Services Inc., Marrone Bio Innovations Inc., Agrivida Inc., Intrexon Corporation, Phytelligence Inc., Cibus Global Ltd., Arcadia Biosciences Inc., ZeaKal Inc., NewLeaf Symbiotics Inc., Evogene Ltd., GreenLight Biosciences Inc.

What Geographic Markets Are Powering Growth in the Agricultural Biotechnology Market?
North America was the largest region in the agricultural biotechnology market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the agricultural biotechnology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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