During the projected period of 2021-2027, the “Agriculture Biotechnology Market” research describes in-depth the demand and consumption of numerous products/services connected to market growth dynamics. In terms of quantity, a complete market assessment of the numerous opportunities in the market segment is made. The Agriculture Biotechnology market is covered several areas, including constraints, problems, and opportunities, as well as geographical considerations. Customers will benefit from this study because it provides historical and statistically significant data, making it both helpful and instructional.
In accordance with the Agriculture, Biotechnology market is set to grow at a CAGR of 10.9% over the forecast period (2021-2027).
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An increase in demand for new breeding techniques is expected to propel market growth. This is supplemented by increasing penetration of biotechnology tools to create or modify traits of organisms-including plants, animals, and microbes-with respect to colour, yield, or size. Biotechnology tools are gaining significant demand across agricultural applications. These include tissue culture and micropropagation, marker-assisted selection or molecular breeding, genetically modified crops & genetic engineering, molecular diagnostic technologies, and conventional plant breeding.
Top Key players operating in the global Agriculture Biotechnology market are:
ADAMA Agricultural Solutions, Vilmorin, Bayer, Biocentury Transgene, Certis, DowDuPont, Eurofins, Evogene, Global Bio-chem Technology, Syngenta, KWS Saat, Marina Biotech, Monsanto
In February 2021, ADAMA Agricultural Solutions Ltd. launched a novel prothioconazole fungicide that offers improved cereal and oilseed disease control.
In August 2020, Syngenta AG announced the acquisition of Sensako (Pty) Ltd., a South African seed company specializing in cereals. Syngenta’s entrance into the South African wheat, corn, and sunflower seeds markets will be helped by this acquisition, which will lay the foundation for its future expansion.
Major Agriculture Biotechnology Market Types covered are: