Report Description
A recent market intelligence report that is published by Data Insights Partner on Agricultural Biotechnology Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international. The research study also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and world Agricultural Biotechnology Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of international Agricultural Biotechnology Market is offered.
Market Insights:
In accordance with the report, the Agricultural Biotechnology Market is projected to expand at a CAGR of X.X% over the period of forecast. The global Agricultural Biotechnology Market was valued at USD XX.X Mn in 2019 and is expected to reach USD XX.X Mn in 2031, growing with a significant CAGR rate during the forecast period. The market is expected to be driven by an increase in the global adoption of Genetically Modified (GM) crops during the projected period. This is due to the fact that genetic modification enables the production of feed and food crops with improved traits such as high nutritional content, high yield, improved food-processing attributes, and disease and insect resistance. The increasing application of biotechnology on agricultural offerings with the help of genetic engineering or modification is expected to lead to the production of transgenic crops via transgenic seeds. This factor is augmented to pull the market demand during the forecast period. Owing to the high acceptability of genetically modified crops among consumers in North America and their better cultivation, the region has dominated the international agricultural biotechnology market. Furthermore, it is expected that biotechnology companies will spend more than 20% of their revenues on research and development. However, Asia Pacific may grow faster than other areas as a result of the frenzied building of research and development centres to stay afloat in the market’s rising rivalry. Furthermore, the rising demand for food and bio-based products is expected to benefit Asia Pacific significantly. Biofuels, which are mostly produced through biotechnology and offer improved fuel efficiency, are seeing an increase in popularity in industrialised European and North American countries. As a result, a prominent trend in the agricultural biotechnology industry is the increasing adoption of biofuels. According to the United Nations Department of Economic and Social Affairs, the global population, which stood at 6.9 billion in 2010, increased to 7.7 billion in 2019.
ADAMA Agricultural Solutions Ltd. introduced a new prothioconazole fungicide in February 2021 that delivers enhanced disease management for cereal and oilseed rape disease (OSR).
Syngenta AG announced the acquisition of Sensako (Pty) Ltd., a South African cereal seed producer, in August 2020. This acquisition will aid Syngenta’s entry into the South African wheat, corn, and sunflower seed industries, laying the groundwork for future expansion.
Research Methodology:
To compile the detailed study of the global Agricultural Biotechnology Market, a robust research methodology has been adopted that aids in determining the key insights and also evaluates the growth prospects of the Agricultural Biotechnology Market. Comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Our research methodology implements a mix of primary as well as secondary research. Our projects are initiated with secondary research, where we refer to a variety of sources including trade databases; government published documents, investor presentations, company annual reports, Industrial papers, and paid databases. To carry out secondary research, the analysts have collected the information through company annual reports, journals, company press releases, and paid databases that were referred to gain and identify better opportunities in the Agricultural Biotechnology Market.
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COVID-19 Scenario Analysis:
The COVID-19 outbreak has shaken the whole economy in the world. In this scenario some industries are doing quite well while others have been crushed. This section of the report has explored the overall status of the COVID-19 scenario. The industry witnessed a huge decline in terms of sales. Likewise, the Agricultural Biotechnology Market was affected negatively due to the shutdown of manufacturing/processing facilities for some time. The analysts have also focused on the key measures that the companies are opting to withstand the harsh scenario.
Segment Covered:
Agricultural Biotechnology Market report has been segmented By Application, By Organism Type also includes the market size and forecast for all these segments. Compounded annual growth rates for all segments have also been provided for 2019 to 2031. This report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
Key Segments:
Agricultural Biotechnology Market research report includes an in-depth coverage of the industry with estimates & forecast from 2022 to 2031, for the following segments:
Agricultural Biotechnology Market, By Application, 2022-2031 (USD Million)
Vaccine Development
Transgenic Crops & Animals
Antibiotic Development
Nutritional Supplements
Flower Culturing
Biofuels
Agricultural Biotechnology Market, By Organism Type, 2022-2031 (USD Million)
Plants
o Conventional Techniques
o Established Genetic Modification
o New Breeding Techniques
Animals
o Conventional Techniques
o Established Genetic Modification
o New Breeding Techniques
Microbes
o Conventional Techniques
o Established Genetic Modification
o New Breeding Techniques
Others
Report Highlights:
The prime objective of the Agricultural Biotechnology Market report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing with different major regions and more than 30 major countries across the globe. During the report’s production, extensive research and analysis were conducted. This research will assist readers in gaining a thorough understanding of the market.
Agricultural Biotechnology Market, By Region, 2022-2031 (USD Million)
North America ( United States, Canada, Mexico)
Europe (Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
South Asia ( India, Pakistan and Bangladesh)
East Asia (China, Japan and South Korea)
South East Asia (Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
Middle East (Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
Africa (Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
South America (Brazil, Argentina, Colombia, Chile, and Rest of SA)
Oceania (Australia and New Zealand)
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Companies Profiled:
To enhance their position in the global market, key suppliers/manufacturers are concentrating on business expansion and product innovation. Manufacturers/producers are also working on boosting their manufacturing capacity and product quality to gain a competitive advantage. The following are some of the prominent manufacturers in the worldwide Agricultural Biotechnology Market:
ADAMA Agricultural Solutions Ltd.
BASF SE
Bayer AG
Certis USA LLC
DuPont de Nemours Inc.
Evogene Ltd.
Global Bio-Chem Technology Group Company Limited
KWS SAAT SE & Co. KGaA
Novozymes A/S
Performance Plants Inc.
Syngenta AG
Vilmorin & Cie
Others
Agricultural Biotechnology Market Report Highlights:
Detailed analysis of the parent market
Key players’ strategies and products supplied in the competitive landscape
Market segmentation in depth analysis
Market size in terms of volume and value, past, present, and future scenario
Potential and specialty areas, as well as geographical regions with promising growth prospects
Market players use this information to maintain and expand their market presence, thus it’s important to have an unbiased perspective on market performance.
Recent advancements and technological trends in the industry
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