Agricultural Biotechnology Market

Global Agricultural Biotechnology Market Size (2024 to 2032)

The global agricultural biotechnology market was valued at USD 48.85 billion in 2023 and is anticipated to reach USD 54.18 billion in 2024 from USD 124.05 billion by 2032, growing at a CAGR of 10.91% from 2024 to 2032.

CURRENT SCENARIO OF THE GLOBAL AGRICULTURE BIOTECHNOLOGY MARKET

Transgenic crops increase agricultural productivity and benefit producers, consumers and farmers in terms of improved yield and crop quality. Genetically modified or transgenic crops are among the top-end users of agricultural biotechnology. Agricultural biotechnology could advantage consumers and also producers and farmers.

The transgenic cropping method offers more crop varieties to consumers than cross-pollination or any natural process can offer. It provides higher & improved yield, resistance to pests, longer shelf life, and high nutritional value, due to which food grains demand-supply gap is reduced. This is expected to drive the market. An increase in the demand for biofuel due to exhausting conventional resources is further expected to fuel market growth.

REPORT COVERAGE

SEGMENT ANALYSIS

Global Agricultural Biotechnology Market By Application

Transgenic crops are expected to account for a major share of the market revenue.

Corn and soybean are the most widely consumed crops. Soybean is expected to grow at the highest rate during the forecast period. Synthetic biology-enabled products and tools, on the other hand, are growing at a slower pace considering their smaller shares in the past.

REGIONAL ANALYSIS

The Agricultural Biotechnology market was dominated by North America. Europe is growing at a steady rate and Asia Pacific is expected to register the highest CAGR.

KEY PLAYERS IN THE GLOBAL AGRICULTURE BIOTECHNOLOGY MARKET

Dow AgroSciences, Vilmorin, Certis USA, KWS SAAT AG, Monsanto, Syngenta, Evogene Ltd, Bayer Crop Science, DuPont. These are market players that are dominating the global agriculture biotechnology market.

DETAILED SEGMENTATION OF THE GLOBAL AGRICULTURE BIOTECHNOLOGY MARKET INCLUDED IN THIS REPORT

This research report on the global agriculture biotechnology market is segmented and sub-segmented into the following categories. 

By Application

• Synthetic biology-enabled products
• Tools
• Transgenic crops
• Corn
• Soybean
• Cotton

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa