Agriculture biotechnology includes a variety of tools that scientists employ to understand, modify and manipulate the genetic make- up of organisms for use in the production or processing of agricultural products. Agriculture biotechnology helps in fighting diseases and improves food quality. The fuel and oil industry which uses agriculture biotechnology plays a major role in the bio-fuels industry which results in fermentation and refining of bio-oil, bio-diesel and bio-ethanol. The fruits or vegetable carries antigenic proteins from transferable pathogens that activate an immune reply when injected. Hence, the vaccine that is created helps in treating cancer. Agriculture biotech produces innumerable new products that improve our lives dynamically.Therefore, this has made a positive impact on the growth of the global agriculture biotechnology market in the near future.
The global agricultural biotechnology market is expected to propel by the increasingadoption of generic modified crops owing to the high acceptanceof hereditarily modified yields. Continuous modification of agricultural biotechnology for improving the quality of crops, will prove to be beneficial for the consumers and farmers who are the main characters making this market demanding during the estimated period. Another factor which drives the market of agricultural biotechnology is therise in demand for transgenic food which includes soya bean, maize and others. Development in transgenic food production is also akeyfactor fueling the growth of the global agricultural biotechnologymarket. Further down, it is expected that the modification of transgenic crops through transgenic seeds will boost the global agricultural biotechnology market in the foreseeable future.
The global agricultural biotechnology market in the report is segmented by product type which includes transgenic seeds, and crop protection products. The transgenic seeds type is further sub- segmented as maize, fruits & vegetables, soya bean, and others. Crop protection products are further divided as bio pesticides, and bio timultants. Based on technology, the market has been analyzed as genome editing tools, synthetic biology, deoxy ribonucleic acid sequencing, ribonucleic acid interference, and biochip. Moreover, the global agricultural biotechnology market has been geographically segmented into North America, Europe, Asia-Pacific, Middle East and Africa and Latin America.
Transgenic seeds hold the largest market share in Asia- Pacific owing to the increasing demand for genetically modified crops such as soya bean, maize and others. Growing awareness among the consumers regarding the generic food coupled with the high adoption rate of advanced agricultural biotechnology by the producers are mainly driving the market in Europe and North America. In addition to this, the rising focusonresearch and development activities by the key players present in the U.S., Germany, Italy and France, has increased the demand foragricultural biotechnology market in this region. Better production of transgenic yields through transgenic seedsin countries like Brazil and Chile, also makes a huge demand for agricultural biotechnology in Latin-America region.
However,artificial method used for cultivation of crops may impose a threat on the growth of global agricultural biotechnology market.
Some of the major players in the global agricultural biotechnology include Adama Agricultural Solution Ltd., Bayer Crop science AG, Certis USA, Dow Agroscience LLC, Du Pont Pioneer Hi-Bred, Evogene Ltd., Global Bio-Chem Technology, KWS SAAT AG, and Monsanto.
Global Agricultural Biotechnology Market: By Product Type
Global Agricultural Biotechnology Market: By Technology
Global Agricultural Biotechnology Market: By Geography