Market Research Report
Global Agriculture Biotechnology Market - Technologies, Market share and Industry Forecast to 2024
|Published by||Occams Business Research & Consulting Pvt. Ltd.||Product code||633721|
|Published||Content info||190 Pages
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|Global Agriculture Biotechnology Market - Technologies, Market share and Industry Forecast to 2024|
|Published: May 1, 2018||Content info: 190 Pages||
Agriculture biotechnology market refers to the market of techniques and deployment of scientific tools which modifies, reengineer tissue culture to modify plants, animals and microorganisms. Global agriculture biotechnology market is expected to grow with a CAGR of XXX% over forecast period 2017-2024. Decreasing arable land area along with increasing food demand are some of the key factors driving the growth of global agriculture biotechnology market. Also, rising research and development activities across the globe has unfolded growth opportunities in the market. The major restraint for this market is hostility or reservation against the genetically modified crops in the European region is hampering the growth in the global market.
Rising global food demand is a major factor contributing in the growth global agriculture biotechnology market over forecast period 2017-2024. Major factor in the increasing food demand is the rapid growth in the world populations. As per Harvard Business Review, in 1915, the global population was around 1.8 billion which has increased to 7.3 billion in 2015 and expected to increase to 9.7 billion till 2050. Agriculture biotechnology constitutes the use of methods which propels the agriculture and its production. Thus, to fulfill this, increasing global food demand need for more productive agricultural technology is emerging which is expected to contribute in growth of global agriculture biotechnology market.
Geographically North America is expected to dominate the global agriculture biotechnology market over the forecast period 206-2023. Adoption of genetically modified crops over the regions of North America is expected to drive the growth of global agriculture biotechnology. However, Asia Pacific is expected to register fastest growth in global agriculture biotechnology market over the forecast period 2017-2024. Increasing demand for quality food and increase in the demand for bio-based food products in the Asia Pacific countries is expected to contribute in growth of the regional market.
Segmentation of global agriculture biotechnology is bifurcated by its application in transgenic crops and synthetic biology-enabled products. Further transgenic crop segment is sub-segmented into, corn, soybean, cotton and others. Transgenic crops segmentation is expected to dominate global agriculture biotechnology market over forecast period 2017-2024. Growing food demand globally has processed the need for high yielding crops and technologies that promotes high yielding crops. Market is segmented on the basis of synthetic biology-enabled products. Further, market by technology is sub-segmented into, biochips market, Deoxy ribonucleic acid (DNA) sequencing market, genome editing tools market, Ribonucleic acid interference (RNAi) market and synthetic biology market.
The growth in global agriculture biotechnology market is also influenced by the presence of major players, such as Bayer Cropscience AG (Germany), Dow Agrosciences LLC (U.S). Global Bio-Chem Technology (Hong Kong), KWS SAAT (Germany), Marina Biotech (U.S.), Monsonto (U.S.), etc. In order to gain competitive advantage, the major players of global agriculture biotechnology market are adopting various strategies such as collaboration, mergers & acquisitions, product launch, etc. during forecast period.