The global agricultural biotechnology market was valued at USD 33.8 billion in 2018 and is expected to grow at a CAGR of 10.9% during the forecast period. Globally, key players in the agricultural biotechnology market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In June 2018, Bayer AG acquired Monsanto Company, to help and improve harvest even better.
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The crop protection products segment is further subdivided into biostimulants and biopesticides. The transgenic seeds segment is further subdivided into soybean, fruits and vegetables, maize, cotton, and others. The soybean segment is expected to grow at the fastest rate in the market, due to its health benefits.
Geographically, North America is the largest agricultural biotechnology market as in the region the acceptance of genetically modified crops is increasing. In addition, reductions in the application of pesticides, mounting research activities in genetically modified crops, and greater repays from farming operations are also up surging the growth of the North American agricultural biotechnology market.
Some of the key players operating in the global agricultural biotechnology market are Syngenta AG, Bayer AG, Evogene Ltd., DowDuPont Inc., KWS SAAT SE, BASF SE, Performance Plants Inc., Global Bio-chem Technology Group Company Limited, Vilmorin & Cie, Certis USA LLC, and ADAMA Agricultural Solutions Ltd.
The report provides the market value for the base year 2018 and a yearly forecast till 2024 in terms of revenue (USD Million). The report segments the global agricultural biotechnology market on the basis of technology, product, and region.
Global Agricultural Biotechnology Market Coverage
Technology Insight and Forecast 2014-2024
Genome Editing Tools
Ribonucleic Acid Interference (RNAi)
Biochips
Deoxy Ribonucleic Acid (DNA) Sequencing
Synthetic Biology
Product Insight and Forecast 2014-2024
Crop Protection Products
Biostimulants
Biopesticides
Transgenic Seeds
Soybean
Fruits & Vegetables
Maize
Cotton
Others
Geographical Segmentation
Agricultural Biotechnology Market by Region
North America
By Technology
By Product
By Country – U.S., Canada, and Mexico
Europe
By Technology
By Product
By Country – Germany, U.K., France, Italy, Spain, and Rest of Europe
Asia-Pacific (APAC)
By Technology
By Product
By Country – China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific
Rest of the World (RoW)
By Technology
By Product
By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries
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