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The Agricultural Biotechnology Market grew from USD 52.59 billion in 2023 to USD 58.47 billion in 2024. It is expected to continue growing at a CAGR of 11.55%, reaching USD 113.10 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
Agricultural biotechnology refers to the use of scientific techniques and tools, including genetic engineering, molecular markers, and tissue culture, to modify plants, animals, and microorganisms. The primary aim is to improve crop yield, enhance resistance to pests and diseases, and increase nutritional values. The necessity of agricultural biotechnology lies in its contribution to food security, sustainable agriculture, and environmental conservation. Its applications span genetically modified crops, biofuels, plant and animal cloning, and bioremediation. Key end-use sectors comprise farmers, seed producers, research institutions, and agricultural product manufacturers.
The market for agricultural biotechnology is influenced by factors such as the rising global food demand, climate change resilience needs, and technological advancements. A growing population, coupled with limited arable land, is pushing for innovations that increase productivity. Currently, significant opportunities lie in developing drought-resistant crop varieties and biofortified seeds, which offer enhanced nutritional benefits. Emerging markets, particularly in Asia-Pacific and Africa, provide fertile grounds for expansion due to their increasing agricultural activities and governmental support for biotech research. However, challenges such as regulatory constraints, public opposition to GMOs, and ethical concerns about genetically modified organisms pose barriers to market growth.
Innovation could be driven through research in CRISPR gene-editing technologies, which promise precision and cost-effectiveness compared to traditional methods. Investment in digital agriculture technologies, such as precision farming and IoT solutions, could further enhance productivity while optimizing resource usage. Collaborations between biotech firms and agricultural cooperatives can facilitate quicker adoption of new technologies. To navigate potential limitations, a balanced approach of innovation with clear communication around safety and benefits is critical. Overall, the market is dynamic, characterized by rapid scientific advancements and shifting regulatory landscapes, demanding that stakeholders remain adaptive and forward-thinking to capitalize on growth opportunities.
Understanding Market Dynamics in the Agricultural Biotechnology Market
The Agricultural Biotechnology Market is rapidly evolving, shaped by dynamic supply and demand trends. These insights provide companies with actionable intelligence to drive investments, develop strategies, and seize emerging opportunities. A comprehensive understanding of market dynamics also helps organizations mitigate political, geographical, technical, social, and economic risks while offering a clearer view of consumer behavior and its effects on manufacturing costs and purchasing decisions.- Market Drivers
- Increased demand of food supply with growing population
- Growing demand for organic food products
- Rising demand for transgenic crop owing to nutritional demand
- Market Restraints
- High cost associated with agriculture biotechnology
- Market Opportunities
- Large proportion of ongoing research and development in agriculture biotechnology
- Increasing use of flower culturing across economies
- Market Challenges
- Strong resistance to the genetically modified products
Exploring Porter’s Five Forces for the Agricultural Biotechnology Market
Porter’s Five Forces framework further strengthens the insights of the Agricultural Biotechnology Market, delivering a clear and effective methodology for understanding the competitive landscape. This tool enables companies to evaluate their current competitive standing and explore strategic repositioning by assessing businesses’ power dynamics and market positioning. It is also instrumental in determining the profitability of new ventures, helping companies leverage their strengths, address weaknesses, and avoid potential pitfalls.Applying PESTLE Analysis to the Agricultural Biotechnology Market
External macro-environmental factors deeply influence the performance of the Agricultural Biotechnology Market, and the PESTLE analysis provides a comprehensive framework for understanding these influences. By examining Political, Economic, Social, Technological, Legal, and Environmental elements, this analysis offers organizations critical insights into potential opportunities and risks. It also helps businesses anticipate changes in regulations, consumer behavior, and economic trends, enabling them to make informed, forward-looking decisions.Analyzing Market Share in the Agricultural Biotechnology Market
The Agricultural Biotechnology Market share analysis evaluates vendor performance. This analysis provides a clear view of each vendor’s standing in the competitive landscape by comparing key metrics such as revenue, customer base, and other critical factors. Additionally, it highlights market concentration, fragmentation, and trends in consolidation, empowering vendors to make strategic decisions that enhance their market position.Evaluating Vendor Success with the FPNV Positioning Matrix in the Agricultural Biotechnology Market
The Agricultural Biotechnology Market FPNV Positioning Matrix is crucial in evaluating vendors based on business strategy and product satisfaction levels. By segmenting vendors into four quadrants - Forefront (F), Pathfinder (P), Niche (N), and Vital (V) - this matrix helps users make well-informed decisions that best align with their unique needs and objectives in the market.Strategic Recommendations for Success in the Agricultural Biotechnology Market
The Agricultural Biotechnology Market strategic analysis is essential for organizations aiming to strengthen their position in the global market. A comprehensive review of resources, capabilities, and performance helps businesses identify opportunities for improvement and growth. This approach empowers companies to navigate challenges in the increasingly competitive landscape, ensuring they capitalize on new opportunities and align with long-term success.Key Company Profiles
The report delves into recent significant developments in the Agricultural Biotechnology Market, highlighting leading vendors and their innovative profiles. These include Advanta Seeds by UPL Ltd., AgBiome, Inc., Arcadia Biosciences, Atomwise, Inc., BASF SE, Bayer AG, Benson Hill, Inc., Brightseed, Inc., Cibus, Corteva, Inc., DLF Pickseed USA, Inc. war, Dyadic International, Inc., Eagle Genomics, Groupe Limagrain Holding, Inari Agriculture, Inc., Integrated DNA Technologies, Inc., MICROENDO, National Agro Industries, Nuziveedu Seeds Ltd., Performance Plants Inc., Pheronym, Inc., Poabs Organic Farm, Rallis India Limited by Tata Chemicals Limited, Syngenta Crop Protection AG, and Valent BioSciences LLC by Sumitomo Chemical Co., Ltd..Market Segmentation & Coverage
This research report categorizes the Agricultural Biotechnology Market to forecast the revenues and analyze trends in each of the following sub-markets:- Product Type
- Macrobials
- Microbials
- Natural Products
- Semichemicals
- Type
- Animals
- Microbes
- Plants
- Cereals & Grains
- Fruits & Vegetables
- Oilseeds & Pulses
- Application
- Antibiotic Development
- Biofuels
- Flower Culturing
- Nutritional Supplements
- Transgenic Crops & Animals
- Vaccine Development
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report provides a detailed overview of the market, exploring several key areas:
- Market Penetration: A thorough examination of the current market landscape, featuring comprehensive data from leading industry players and analyzing their reach and influence across the market.
- Market Development: The report identifies significant growth opportunities in emerging markets and assesses expansion potential within established segments, providing a roadmap for future development.
- Market Diversification: In-depth coverage of recent product launches, untapped geographic regions, significant industry developments, and strategic investments reshaping the market landscape.
- Competitive Assessment & Intelligence: A detailed analysis of the competitive landscape, covering market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, technological advancements, and innovations in manufacturing by key market players.
- Product Development & Innovation: Insight into groundbreaking technologies, R&D efforts, and product innovations that will drive the market in future.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current size of the market, and how is it expected to grow?
- Which products, segments, and regions present the most attractive investment opportunities?
- What are the prevailing technology trends and regulatory factors influencing the market?
- How do top vendors rank regarding market share and competitive positioning?
- What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?
Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Agricultural Biotechnology Market, by Product Type
7. Agricultural Biotechnology Market, by Type
8. Agricultural Biotechnology Market, by Application
9. Americas Agricultural Biotechnology Market
10. Asia-Pacific Agricultural Biotechnology Market
11. Europe, Middle East & Africa Agricultural Biotechnology Market
12. Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
The leading players in the Agricultural Biotechnology Market, which are profiled in this report, include:- Advanta Seeds by UPL Ltd.
- AgBiome, Inc.
- Arcadia Biosciences
- Atomwise, Inc.
- BASF SE
- Bayer AG
- Benson Hill, Inc.
- Brightseed, Inc.
- Cibus
- Corteva, Inc.
- DLF Pickseed USA, Inc. war
- Dyadic International, Inc.
- Eagle Genomics
- Groupe Limagrain Holding
- Inari Agriculture, Inc.
- Integrated DNA Technologies, Inc.
- MICROENDO
- National Agro Industries
- Nuziveedu Seeds Ltd.
- Performance Plants Inc.
- Pheronym, Inc.
- Poabs Organic Farm
- Rallis India Limited by Tata Chemicals Limited
- Syngenta Crop Protection AG
- Valent BioSciences LLC by Sumitomo Chemical Co., Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 185 |
| Published | October 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 58.47 Billion |
| Forecasted Market Value ( USD | $ 113.1 Billion |
| Compound Annual Growth Rate | 11.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
