Global Agricultural Biotechnology Market Will Flourish by 2016 – 2024

Zion Market Research, the market research group announced the analysis report titled ‘Agricultural Biotechnology Market – Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021’

Biotechnology is the application of scientific techniques to improve and modify the vast field and has application in the variety of areas including healthcare, crop production or agriculture among others. Agricultural biotechnology is a collection of new techniques that develops plant, animal, and living organisms to enhance crop productivity and efficiency. Agriculture biotechnology provides farmers innovative technology that can make crop production cheaper and more reasonable. Agricultural biotechnology can be utilized to shield crops from destructive diseases. It is mainly used to modify the genetic sequence of crops known as transgenic or genetically modified crops, which increases the crop productivity.

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Rapid changes in highly technical fields including DNA sequencing, synthetic biology, and genome editing are driving new applications and products in agriculture. The overall agricultural biotechnology market is expected to grow at a rapid pace, due to rising demand for food production. Growing population globally is one of the major drivers for agriculture biotechnology market. This factor led to higher demand for genetically modified crops to increase yield. Agriculture biotechnology plays a vital role in biofuel industry and growing demand for biofuels further increases the growth of the market. However, strong concern about genetically modified crops and low acceptance by consumers may hamper the growth of the market.

The agricultural biotechnology market is segmented on the basis of application as transgenic crops and synthetic biology-enabled products and tools. Transgenic crops are further subdivided into major crop types as corn, soybean, cotton and others. Currently, transgenic crop application segment dominates this market. Synthetic biology-enabled products and tools accounted the smaller share of agricultural biotechnology market in 2015. Soybean crop is expected to show the highest growth among other genetically modified crops in upcoming years

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Geographically, North America dominated the agriculture biotechnology market in 2015. This was mainly contributed by increased acceptance by consumers. In Europe, a market will grow moderately due to strict regulation of genetically modified crops. Asia pacific is expected to grow with high rate in next few years due to the large population and high food demand in this region.

Key players in this market are DuPont Pioneer, Dow AgroSciences, Evogene, Bayer CropScience, Syngenta, Mycogen Seeds, Monsanto, and Vilmorin among others.

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Global Agricultural Biotechnology Market by Application Segment Analysis:  Transgenic crops(Corn, Soybean, Cotton, Others), Synthetic biology-enabled products, Tools

Agricultural Biotechnology Market by Regional Analysis: North America( U.S.), Europe( UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and Africa

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About allan 819 Articles
Allan Leonetti is an accomplished digital marketing professional. He tracks the most recent patterns and happenings in the advanced showcasing scene, additionally offering his feeling on their effect on organizations. He has involvement in both B2C and B2B markets. His side interests incorporate perusing books and voyaging.

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