The Global Agricultural Biotechnology Market to grow from USD 31,158.52 Million in 2019 to USD 56,315.91 Million by 2025, at a Compound Annual Growth Rate (CAGR) of 10.36%.
Market Segmentation & Coverage:
The research report categorizes the Agricultural Biotechnology Market to forecast the revenues and analyze the trends in each of the following segments:
Based on Crop Type, the Agricultural Biotechnology Market studied across Cereals & Grains, Fruits & Vegetables, Macroindicators, and Oilseeds & Pulses.
Based on Type, the Agricultural Biotechnology Market studied across Animals, Microbes, and Plants. The Animals further studied across Conventional Techniques, Established Genetic Modification, and New Breeding Techniques. The Microbes further studied across Conventional Techniques, Established Genetic Modification, and New Breeding Techniques. The Plants further studied across Conventional Techniques, Established Genetic Modification, and New Breeding Techniques.
Based on Product Type, the Agricultural Biotechnology Market studied across Macrobials, Microbials, Natural Products, and Semichemicals.
Based on Mode of Application , the Agricultural Biotechnology Market studied across Foliar Spray, Seed Treatment, and Soil Treatment.
Based on Function, the Agricultural Biotechnology Market studied across Crop Enhancement and Crop protection. The Crop Enhancement further studied across Biofertilizers and Biostimulants. The Crop protection further studied across Biocontrol.
Based on Application, the Agricultural Biotechnology Market studied across Antibiotic Development, Biofuels, Flower Culturing, Nutritional Supplements, Transgenic Crops & Animals, and Vaccine Development.
"The Asia-Pacific is projected to witness the highest growth during the forecast period"
Based on Geography, the Agricultural Biotechnology Market studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region surveyed across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region surveyed across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region surveyed across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom. The Americas commanded the largest size in the Agricultural Biotechnology Market in 2019, followed by the Europe, Middle East & Africa. On the other hand, the Asia-Pacific expected to grow at the fastest CAGR during the forecast period, followed by the Europe, Middle East & Africa.
The factors attributing to the growth of the market are growing demand for biofuel due to depletion of traditional sources, rising demand for transgenic crop owing to nutritional demand of food, growing preference for organic products in farming, and increased demand of food supply to growing population globally. However, some factors such as strong resistance to the genetically modified products may hinder the market growth. The Agricultural Biotechnology Market expected to showcase the opportunities such as fast growing industrialization, adoption of biologicals in farming, and large proportion of ongoing research and development. Soon market may face the possible challenges in the growth due to high preference for agrochemicals and presence of counterfeit products. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the market.
Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward. The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast, considering the COVID-19 impact on the market.
360iResearch Competitive Strategic Window:
The 360iResearch Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth.
360iResearch FPNV Positioning Matrix:
The 360iResearch FPNV Positioning Matrix evaluates and categorizes the vendors in the Agricultural Biotechnology Market on the basis of Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Company Usability Profiles:
The Agricultural Biotechnology Market is highly competitive and characterized by the presence of a large number of international and regional players in the market. The market has witnessed increased competition between vendors based on the pricing model, technology differentiation, brand name, quality of service, price differentiation, and technical expertise.
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Agricultural Biotechnology Market, including ADAMA Agricultural Solutions Ltd., BASF SE, Bayer AG, Benson Hill Biosystems, Inc., Certis U.S.A. LLC, China National Chemical Corporation Ltd., Corteva, Inc., DowDuPont Inc., Evogene Ltd., Global Bio-chem Technology Group Company Limited., Groupe Limagrain Holding, KWS SAAT SE & Co. KGaA, Marrone Bio Innovations, Inc., Mitsui & Co., Ltd., Nufarm Limited, Performance Plants Inc., Syngenta AG, The Monsanto Company, Valent BioSciences LLC, VILMORIN & CIE, and Yield10 Biosciences Inc..