Market Research Report
Agricultural Biotechnology Market with COVID-19 Impact Analysis, By Organism Type, By Application, and By Region - Size, Share, & Forecast from 2021-2027
|Agricultural Biotechnology Market with COVID-19 Impact Analysis, By Organism Type, By Application, and By Region - Size, Share, & Forecast from 2021-2027|
Published: May 1, 2021
AnalystView Market Insights
Content info: 267 Pages
Delivery time: 2-3 business days
The global Agricultural Biotechnology market was valued at USD 103.8 billion in 2020, growing with 8.5% CAGR during the forecast period, 2021-2027.
The global agricultural biotechnology industry is predicted to benefit from the application of enhancing agricultural productivity. In addition, several benefits including high crop yield and quality are boosting the need for agricultural biotechnology.
The agricultural biotechnology market is estimated to witness significant growth in the next few years. The increasing demand for new breeding methods is boosting market growth. In addition, several biotechnology tools are gaining traction among farmers & consumers. This includes tissue culture & micropropagation, genetically modified crops & genetic engineering, marker-assisted selection or molecular breeding, conventional plant breeding, molecular diagnostic technologies. Further, the growing adoption of genetically modified crops is projected to propel market growth. the genetic modification enables the production of feed & food crops with improved characteristics such as high yield, high nutritional value, and enhanced food-processing attributes.
Furthermore, the growing adoption of genetically modified crops offers insect-resistant, herbicide-tolerant genetically modified which is also boosting the market growth. According to the International Service for the Acquisition of Agri-biotech Applications (ISAAA), around 2.15 billion hectares of biotechnology crops have been commercially grown between 1996 to 2016. This includes 1.04 billion hectares of biotechnology soybean, 0.64 billion hectares of biotechnology maize, 0.34 billion hectares of biotechnology cotton, and 0.13 billion hectares of biotechnology canola.
The agricultural biotechnology market is segregated into organism type and application segments. Based on organism type, the animal's segment held the largest revenue share of over 25.0% in 2019. By application, the transgenic crops & animals segment is projected to offer potential growth opportunities for the market during the forecast period.
In 2019, North America held the largest revenue share in the overall market. In North America, the U.S. and Canada together correspond to around 50% of the global genetically modified (GM) area and around 10% global planted area. In the region, around 70% of the cultivated area include soybean, corn, and wheat, followed by cotton, alfalfa, canola, and barley. Europe is projected to expand at a significant rate over the forecast period. The Asia Pacific is projected to offer lucrative growth opportunities over the forecast period, 2021 to 2027. It is expected to grow at the fastest CAGR during the forecast period. The region occupies nearly 90% of the total crop area for rice, with 20.0% & 28.0% in China and India, respectively.
The agricultural biotechnology market is moderately competitive in nature. Key players in the industry include KWS SAAT SE & Co. KGaA, Performance Plants Inc., Bayer AG, Corteva, ADAMA Ltd, Evogene Ltd., and MITSUI & CO., LTD. These players in the market engage in strategic activities such as collaboration, and new product developments to maintain their position in the market. For example, in 2019, KWS SAAT SE & Co. KGaA has launched six new hybrid corn types as part of its brands, KWS and Riber in the Brazil market.
Key features of the study:
This proposed research study on Agricultural Biotechnology market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2020-2027), considering 2019 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Agricultural Biotechnology market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Agricultural Biotechnology market
Impact of COVID-19 on Agricultural Biotechnology market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Agricultural Biotechnology market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Agricultural Biotechnology market, we have also included competitive landscape and key innovator analysis for the Agricultural Biotechnology market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and end-user's attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Agricultural Biotechnology market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new product launch, research & development, regional expansion of major participants involved in the Agricultural Biotechnology market on global as well as regional level.
The global Agricultural Biotechnology market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL AGRICULTURAL BIOTECHNOLOGY MARKET KEY PLAYERS
KWS SAAT SE & Co. KGaA
Marrone Bio Innovations
Performance Plants Inc.
MITSUI & CO., LTD
Valent BioSciences LLC
GLOBAL AGRICULTURAL BIOTECHNOLOGY MARKET, BY ORGANISM TYPE
GLOBAL AGRICULTURAL BIOTECHNOLOGY MARKET, BY APPLICATION
Transgenic Crops & Animals
GLOBAL AGRICULTURAL BIOTECHNOLOGY MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
The Middle East and Africa
United Arab Emirates
Rest of MEA
List of Tables
List of Figures