Agricultural Biotechnology Market by Application (Vaccine Development, Transgenic Crops and Animals, Antibiotic Development, Nutritional Supplements, Flower Culturing, and Biofuels) and Organism Type (Plants, Animals, and Microbes): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026791 | Pages: 100 | Industry: Biotechnology | Date: Oct 2022 | Type: Global

The market crossed US$ 54.54 billion mark in 2022 and is expected to hit US$ 87.94 billion by 2030, recording a CAGR of 10.0% during the forecast period.

Rising demand for higher crop yields to drive the growth of the market. 

Due to rise in the global population, there is an increasing demand for higher crop yields that are driving the growth of the agricultural biotechnology market. According to the World Bank, the global population increased from 7.59 billion in 2018 to 7.84 billion in 2021, which is expected to be 8.24 billion by 2022. This will result in high demand for food. In addition, Italian researchers recently published a review of studies concluding that planting genetically modified (GM) maize over the past 20 years has increased the agricultural yield of the popular and important staple food. Thus, the high demand for food and crop yields will favor the market's growth. The average biotech crop adoption rate in the top five biotech crop-growing countries increased in 2019, with the USA (95%), Brazil (94%), Canada (90%), and India (94%). Expansion of these crop areas in these countries was possible through immediate approval and commercialization of new biotech crops and traits for increased production of nutritious food, mitigating problems related to climate change and the emergence of new pests and diseases. The transgenic crops & animals’ segment is expected to pace up as it is cost-effective and safer method of producing crop products, making them appealing and potentially profitable. Biotechnology tools can be successfully applied in micropropagation of disease-free plants, improving aluminum tolerance, crop fortification, and genetic modification in crops.

Within the report, the market is segmented into application, organism type, and geography. By application, the market is segmented into vaccine development, transgenic crops and animals, antibiotic development, nutritional supplements, flower culturing, and biofuels. Based on organism type, the market is divided into plants, animals, and microbes. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.


North America to hold the largest share of the market.

Agricultural biotechnology, is an area of agricultural science that uses scientific tools and techniques, including genetic engineering, molecular markers, molecular diagnostics, vaccines, and tissue culture, to modify living organisms: plants, animals, and microorganisms. It helps in their modification and improves their agricultural productivity. Moreover, in 2019, the biotech area in the US was 71.5 million hectares, covering 38% of the global biotech area, with an average adoption rate of 94% for principal crops, similar to 2018. Biotech crops planted were soybeans (30.43 million hectares), maize (33.17 million hectares), cotton (5.31 million hectares), sugar beets (454,100 hectares), potatoes (1,780 hectares), and apples (265 hectares), among others. In addition, new approvals for biotech crops and traits in the US favor market growth, such as the US Department of Agriculture (USDA) commercialization approval for Argentina’s HB4 drought tolerant soybeans. A variety of apples, Arctic Gala with non-browning trait was approved for commercialization in the US. The non-browning trait was also successfully introduced to GreenVenus Romaine lettuce by Intrexon. In Canada, areas planted with biotech maize, canola, and alfalfa marginal increases, while sugar beets reached their highest growth of 23%. New and upcoming biotech crops and events in Canada include Roundup Ready tolerant Truflex, canola launched on 404,000 hectares, approval of two varieties of high oleic acid soybeans, and biotech Golden Rice with provitamin A Event GR2E approved by Health Canada in 2019. Therefore, wide range of agro-climatic zones and crops as well as large global biotech crop planted area support the market's growth in the region.


Plant segment to dominate the growth of the market.

Agricultural biotechnology involves the use of a broad range of modern techniques in order to innovative products having enhanced quality traits. Conventional breeding techniques have been utilized largely to conduct alterations in plant and animal genomes. Thus, advancements in the field of genetic engineering have aided in controlling of genetic changes induced into the organism and enabled professionals to incorporate new genes from one species to another unrelated species targeting towards the optimization of agricultural production or manufacturing valuable products. Plants segment holds the largest market share as agricultural biotechnology is widely used to generate high yield plants which are resistance to various viruses and diseases and to improve overall agriculture productivity.


Recent strategic developments in agricultural biotechnology market

The agricultural biotechnology market has undergone several significant developments, and a few of these have been mentioned below:

  • In July 2019, KWS launched six new hybrid corn varieties in the Brazilian market for its two Brazilian brands KWS and Riber. These varieties provide, high yield, high genetic protection against insects, and tolerance against herbicides. The launch allowed the company to provide an innovative portfolio of seeds to Brazilian farmers, thereby improving the company’s presence in Brazil.
  • In January 2022, Corteva Agriscience has opened a new Center for Seed Applied Technologies in southwest France, with the goal of helping Europe’s farmers get their crops off to the best start and achieve a successful harvest. The Center focus on service development, with strong scientific investment that are expected to be a part of new seed treatment solutions to help farmers cater to the challenges of the ever-changing agricultural sector.

The agricultural biotechnology market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. ADAMA Ltd, Performance Plants Inc., ChemChina, MITSUI & CO. LTD, Corteva, Evogene Ltd., and KWS SAAT SE & Co. KgaA are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Biotechnology product suppliers
  • Agricultural distributors and sales firms
  • End users’ companies
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented based on:

  • Application:
    • Vaccine Development
    • Transgenic Crops and Animals
    • Antibiotic Development
    • Nutritional Supplements
    • Flower Culturing
    • Biofuels
  • Organism Type:
    • Plants
    • Animals
    • Microbes
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • ADAMA Ltd
    • Performance Plants Inc.
    • ChemChina
    • MITSUI & CO. LTD
    • Corteva
    • Evogene Ltd.
    • KWS SAAT SE & Co. KgaA
    • Limagrain
    • Marrone Bio Innovations
    • Nufarm.

The List of Companies
- Performance Plants Inc.
- ChemChina
- Corteva
- Evogene Ltd.
- KWS SAAT SE & Co. KgaA
- Limagrain
- Marrone Bio Innovations
- Nufarm.

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