Global Agricultural Biotechnology Strategic Business Report 2023: Sales of Non-GMO Products to Register Impressive Growth

Rhea-AI Summary

The global market for Agricultural Biotechnology is projected to grow from US$43.3 Billion in 2022 to US$88.9 Billion by 2030, reflecting a CAGR of 9.4%. The U.S. market is estimated at US$12.7 Billion, while China is expected to reach US$15.2 Billion by the same period, growing at an 8.7% CAGR. Notably, the Molecular Diagnostics segment is projected to achieve a 10.8% CAGR with an expected value of US$35.6 Billion. The report highlights significant growth in Tissue Culture at 10.1% CAGR and features key competitors including Bayer CropScience, BASF, and Syngenta. Special coverage for 2023 includes insights on the impacts of global inflation, the Russia-Ukraine conflict, and supply chain disruptions.

Positive

• Market projected to grow from $43.3 Billion in 2022 to $88.9 Billion by 2030.
• Molecular Diagnostics segment expected to reach $35.6 Billion with a 10.8% CAGR.
• U.S. market size estimated at $12.7 Billion; China forecast to grow to $15.2 Billion.

Negative

• None.

DUBLIN, April 10, 2023 /PRNewswire/ -- The "Agricultural Biotechnology - Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering. 

The global market for Agricultural Biotechnology estimated at US$43.3 Billion in the year 2022, is projected to reach a revised size of US$88.9 Billion by 2030, growing at a CAGR of 9.4% over the analysis period 2022-2030.

Molecular Diagnostics, one of the segments analyzed in the report, is projected to record a 10.8% CAGR and reach US$35.6 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Tissue Culture segment is readjusted to a revised 10.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $12.7 Billion, While China is Forecast to Grow at 8.7% CAGR

The Agricultural Biotechnology market in the U.S. is estimated at US$12.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$15.2 Billion by the year 2030 trailing a CAGR of 8.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.5% and 7.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.2% CAGR.

Select Competitors (Total 17 Featured) -

• ADAMA Agricultural Solutions Ltd.
• BASF SE
• Bayer CropScience AG
• Certis USA LLC
• Dow AgroSciences LLC
• DuPont Pioneer
• Marrone Bio Innovations Inc.
• Monsanto Company
• Performance Plants Inc.
• Syngenta AG
• Valent BioSciences Corporation

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Prelude
• Recent Market Activity
• Widening Gap between Food Demand and Production Raises Significance of Agricultural Biotechnology
• Opportunity Indicators in a Nutshell
• Transgenic Seeds & Crops Spearhead Growth in the Agricultural Biotech Market
• Highlights
• Significant Benefits of GM Crops Augur Well for Market Growth
• Biotech Cropland Worldwide - An Overview
• Developed Regions Lead GM Crop Cultivation, Developing Regions Promise Future Growth
• Barriers to Expansion of Biotechnology in Agriculture Industry
• Bt. Cotton: Adoption All Set to Increase Further in the Coming Years
• Robust R&D Pipeline to Play a Pivotal Role in Adoption of Bt. Cotton
• Challenges Hindering Wider Adoption of GM Crops
• Biopesticides: Natural Attributes Spur Global Demand
• Developed Countries: Leading Consumers of Biopesticides
• Biopesticides - A Crucial Component for Implementing Integrated Pest Management
• Explosive Growth in Organic Farming Augurs Well for Biopesticides Market
• Lack of Familiarity & Negative Perceptions Hinder Uptake of Biopesticides among Farmers
• Biopesticide Regulations in the US and Europe
• Agricultural Biotechnology - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Food Security - An Opportunity Generator
• Rising Demand for Biofuels: Positive Implications for GM Crops Market
• Introduction of Bt Cotton and Bt Brinjal Enhance Agricultural Production
• IRRI Working to Develop Stress-Tolerant Rice Variants
• Advent of Insect Resistant Crops Fuel Growth for Agriculture Industry
• Global Reservations Persist in Acknowledging Benefits of GM Crops
• Integration of Biotechnology and IT Revolutionizes Agriculture Sector
• Development of New Herbicide-Tolerant Traits Gathers Steam
• Advanced Farming Techniques for Increasing Agricultural Yields
• Misuse of Indigenous Resources of Developing Countries: A Cause of Concern
• Educating Consumers - Need of the Hour
• Synthetic Biology - A Brief Review
• Synthetic Biology: Prediction Becoming Reality
• Biostimulants: Growing Interest in Organic Food to Propel Growth
• Need for Sustainable Agriculture - Key Growth Driver
• Lack of Thorough Research Impedes Growth in Biostimulants Market
• Need for Paradigm Shift in Grower Mindset Regarding Biostimulants
• The Road Ahead
• Sales of Non-GMO products to Register Impressive Growth
• Public-Private Sector Partnerships Gain Importance
• Protection of Intellectual Property Demands High Attention
• Challenges Aplenty for Agricultural Biotechnology in Developing Nations
• Dearth of Competent Leadership
• Insufficient Financial Support for R&D
• Lack of Scientific and Technological Infrastructure
• Insufficient Expertise and Human Resources
• Safety Issues
• Ethical Issues
• Lack of Regulatory Framework

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/1djdev

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FAQ

What is the projected growth of the Agricultural Biotechnology market by 2030?

The Agricultural Biotechnology market is projected to grow from $43.3 Billion in 2022 to $88.9 Billion by 2030, with a CAGR of 9.4%.

What segment in Agricultural Biotechnology will see the highest growth?

The Molecular Diagnostics segment is projected to grow at a CAGR of 10.8%, reaching $35.6 Billion by the end of the analysis period.

How will the U.S. Agricultural Biotechnology market perform?

The U.S. market is estimated at $12.7 Billion in 2022 and is among the largest markets globally.

What is the forecasted growth rate for the Chinese Agricultural Biotechnology market?

China's Agricultural Biotechnology market is expected to reach $15.2 Billion by 2030, growing at a CAGR of 8.7%.

Who are the key competitors in the Agricultural Biotechnology market?

Key competitors include Bayer CropScience, BASF, and Syngenta, among others.