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Agricultural Biotechnology Industry Size and Future Analysis

Agricultural Biotechnology Market to grow at a stable rate during the forecast period.

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Agricultural Biotechnology Industry Size and Future Analysis

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  1. Agricultural Biotechnology Market to Cross $55.5 Billion by 2023

  2. Agricultural biotechnology market is forecasted to attain a value of $55.5 billion by 2023, growing at a CAGR of 10.1% during 2017-2023. The key factors leading to the increasing demand of agricultural biotechnology products include; the growing population size, rising per capita income, growing demand for biofuel, thriving demand for transgenic crops and regulatory support in the U.S. and Brazil. Explore report at: https://www.psmarketresearch.com/market-analysis/agricultural-biotechnology-market

  3. Based on technology, the agricultural biotechnology market has been bifurcated into genome editing tools, deoxy ribonucleic acid (DNA) sequencing, ribonucleic acid interference (RNAi), synthetic biology, and biochips. Genome editing tools occupied the largest share in the global market in 2016, mainly attributable to the increasing genome research and rising application of genomic tools in agricultural research. The vendors in this market broadly offer two types of agricultural biotechnology based products classified as, transgenic seeds and crop protection products. Pre-Purchase Inquiry at: https://www.psmarketresearch.com/send-enquiry?enquiry-url=agricultural-biotechnology-market

  4. Transgenic seeds are further categorized as soybean, maize, cotton, fruits and vegetables and others. The market for transgenic soybean seeds occupied the largest share, standing at 40.1% in 2016. This leading position of the category is attributed to the rising demand for export and import of transgenic soybean across the world. The product type is also expected to witness fastest growth in demand, and is expected to register CAGR of 10.4% during the forecast period. Request for report sample at: https://www.psmarketresearch.com/market-analysis/agricultural-biotechnology-market/report-sample

  5. Globally, the key players in the agricultural biotechnology industry are acquiring several firms to gain larger market share. In June 2017, Certis USA LLC acquired 100% of the shares of LAM International, based in Montana. The addition of the LAM International solid fermentation production facility significantly expands Certis USA’s capabilities for biological product development. Having both solid and liquid fermentation technology platforms, allows Certis USA LLC to commercialize more new and innovative biological pest control products globally. Some of the other key players operating in the agricultural biotechnology industry include Syngenta AG, Performance Plants Inc., Monsanto Company, Bayer AG, BASF SE, Vilmorin & Cie, Evogene Ltd., ADAMA Agricultural Solutions Ltd., KWS SAAT SE, and Global Bio-chem Technology Group Company Limited.

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