The global market for Agricultural Biotechnology is estimated at US$53.1 Billion in 2023 and is projected to reach US$98.8 Billion by 2030, growing at a CAGR of 9.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the agricultural biotechnology market is driven by several factors, reflecting the increasing global demand for food, feed, and fiber. Technological advancements that enhance crop yield and resilience are essential as the world's population continues to grow and arable land decreases. The rising prevalence of biofuels also propels the development of bioengineered crops that are optimized for energy production. Furthermore, consumer behavior is increasingly influenced by environmental and sustainability concerns, driving demand for more 'natural' and resource-efficient farming practices.
Governments and international bodies are also playing a crucial role by funding research in agricultural biotechnology to secure food production systems and promote environmental sustainability. Economic development in emerging countries is another driver, boosting local research capabilities and adoption of biotech crops to ensure food security and agricultural productivity. Together, these factors are enhancing the integration of biotechnology in agriculture, promising a future of farming that is both productive and sustainable.
The growth in the agricultural biotechnology market is driven by several factors, reflecting the increasing global demand for food, feed, and fiber. Technological advancements that enhance crop yield and resilience are essential as the world's population continues to grow and arable land decreases. The rising prevalence of biofuels also propels the development of bioengineered crops that are optimized for energy production. Furthermore, consumer behavior is increasingly influenced by environmental and sustainability concerns, driving demand for more 'natural' and resource-efficient farming practices.
Governments and international bodies are also playing a crucial role by funding research in agricultural biotechnology to secure food production systems and promote environmental sustainability. Economic development in emerging countries is another driver, boosting local research capabilities and adoption of biotech crops to ensure food security and agricultural productivity. Together, these factors are enhancing the integration of biotechnology in agriculture, promising a future of farming that is both productive and sustainable.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Molecular Diagnostics segment, which is expected to reach US$39.0 Billion by 2030 with a CAGR of a 10.7%. The Tissue Culture segment is also set to grow at 10.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $14.2 Billion in 2023, and China, forecasted to grow at an impressive 8.6% CAGR to reach $15.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Agricultural Biotechnology Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Agricultural Biotechnology Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Agricultural Biotechnology Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ADAMA Agricultural Solutions Ltd., BASF SE, Bayer CropScience AG, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 17 Featured):
- ADAMA Agricultural Solutions Ltd.
- BASF SE
- Bayer CropScience AG
- Certis USA LLC
- Dow AgroSciences LLC
- DuPont Pioneer
- Marrone Bio Innovations Inc.
- Monsanto Company
- Performance Plants Inc.
- Syngenta AG
- Valent BioSciences Corporation
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ADAMA Agricultural Solutions Ltd.
- BASF SE
- Bayer CropScience AG
- Certis USA LLC
- Dow AgroSciences LLC
- DuPont Pioneer
- Marrone Bio Innovations Inc.
- Monsanto Company
- Performance Plants Inc.
- Syngenta AG
- Valent BioSciences Corporation
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 263 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 53.1 Billion |
| Forecasted Market Value ( USD | $ 98.8 Billion |
| Compound Annual Growth Rate | 9.3% |
| Regions Covered | Global |
