The latest report by IMARC Group, titled “Agricultural Biotechnology Market Report by Organism Type (Plants, Animals, Microbes), Technology (Genome Editing, Synthetic Biology, Genetic Engineering, Marker-Assisted Breeding, Plant Breeding, Germplasm, and Others), Application (Vaccine Development, Transgenic Crops and Animals, Antibiotic Development, Nutritional Supplements, Flower Culturing, and Others), and Region 2024-2032“, The global agricultural biotechnology market size reached US$ 140.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 249.2 Billion by 2032, exhibiting a growth rate (CAGR) of 6.57% during 2024-2032.

Agricultural biotechnology is a specialized field that employs various scientific techniques, including genetic modification, tissue culture, and molecular testing, to improve the productivity and quality of plants and animals. Its main objective is to address challenges like pest resistance, climate resilience, and nutrient enhancement in crops. By offering solutions to boost yields and reduce dependence on chemical fertilizers and pesticides, this technology is becoming increasingly vital in modern agriculture. It provides farmers with tools that can enhance sustainability and efficiency in farming methods. Through the creation of genetically modified crops resistant to drought and environmentally friendly biopesticides, agricultural biotechnology plays a critical role in the food production chain. As a result, it is widely applied across different sectors such as crop cultivation, animal breeding, and biofuel production.

Agricultural Biotechnology Market Trends and Drivers:

The agricultural biotechnology market is being propelled by the growing world population, which is increasing the need for food and higher crop yields. Climate change issues in conventional farming methods are also driving the demand for more resilient and efficient solutions offered by agricultural biotechnology. Progress in molecular biology techniques is opening up new avenues for research and development, contributing to further expansion. The shift towards sustainable agriculture is prompting the embrace of environmentally friendly biotech crops that demand fewer resources. Anticipated government initiatives and policies supporting food security and sustainable farming are expected to hasten market growth ahead.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/agricultural-biotechnology-market/requestsample

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Organism Type:

• Plants 
  • Conventional Techniques
  • Established Genetic Modification
  • New Breeding Techniques
• Animals
  • Conventional Techniques
  • Established Genetic Modification
  • New Breeding Techniques
• Microbes 
  • Conventional Techniques
  • Established Genetic Modification
  • New Breeding Techniques

Breakup by Technology:

• Genome Editing
• Synthetic Biology
• Genetic Engineering
• Marker-Assisted Breeding
• Plant Breeding
• Germplasm
• Others

Breakup by Application:

• Vaccine Development
• Transgenic Crops and Animals
• Antibiotic Development
• Nutritional Supplements
• Flower Culturing
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape with Key Player:

• ADAMA Ltd. (Syngenta Group Co. Ltd.)
• BASF SE
• Bayer AG
• DowDuPont
• LGC Biosearch Technologies (LGC Ltd.)
• Performance Plants Inc.
• Yield10 Bioscience Inc.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145