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Global Agricultural Biotechnology Market Trend and Forecast To 2027, Key Player

The global agricultural biotechnology market will grow at a CAGR of 5.6% during 2021-2027. Factors attributing to the growth of the agriculture biotechnology market include rising demand for new breeding techniques, increased penetration of biotechnology tools to create and modify traits of organisms (plants, animals, and microbes). Moreover, the increased adoption of Genetically Modified (GM) crops allows the production of feed and food crops with extended features like high nutritional value, increase yield, enhanced food-processing qualities, and resistance against disease and infections.

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Global Agricultural Biotechnology Market Trend and Forecast To 2027, Key Player

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  1. Global Agricultural Biotechnology Market

  2. About VynZ Research… • VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. • VynZ Research has one of the most qualified & experienced analysts, who are constantly tracking the markets and the technologies. The research team has years of proven experience and wide knowledge & understanding of the technology, application, business models, and regulators of the segments and the value chain involved. • A trusted & proven methodology that involves highest quality of primary research, secondary analysis collated & verified through various sources including cross checking with different industry experts. • Serving wide range of customers most of them from Fortune 2000 companies • With a dedicated 24x7 customer helpline our customers can reach for specifying their needs • Developing long term relationship with the clients and satisfying them is one of the crucial notches of the company. VynZ Research aims at gaining and retaining its clients in order to make long term customer relationship.

  3. Global Agricultural Biotechnology Market The global agricultural biotechnology market will grow at a CAGR of 5.6% during 2021-2027. Factors attributing to the growth of the agriculture biotechnology market include rising demand for new breeding techniques, increased penetration of biotechnology tools to create and modify traits of organisms (plants, animals, and microbes). Moreover, the increased adoption of Genetically Modified (GM) crops allows the production of feed and food crops with extended features like high nutritional value, increase yield, enhanced food-processing qualities, and resistance against disease and infections. The COVID19 outbreak is affecting all industries, including the agricultural biotechnology market. The outbreak has put a huge burden on the food processing industry and producers are not able to work fully owing to lockdown measures in most of the countries. Furthermore, biofuel prices, feedstocks like maize and oilseeds plummeted in 2020. Even though disruption in the supply chain and income losses during the lockdown has led to food shortage in developed economies, but demand for agricultural products has not reduced due to continued food consumption.

  4. Global Agricultural Biotechnology Market Based on technology, genome editing tools dominates the market as healthy crops can be produced that are highly resistant to insects and involve less risk of failure in extreme weather conditions like floods and drought. North America dominates the agriculture biotechnology market owing to its wide range of agro-climatic zones and crops. In addition, North America has a large area of genetically modified (GM) cultivated land and is a net exporter of agricultural products, producing about 30% of the world's corn, soybeans, and wheat. Furthermore, the shortage of conventional fuels has led to the advancement of biofuels and regulatory approval by statutory bodies in the U.S. will have a positive impact on the agriculture biotechnology market.

  5. Global Agricultural Biotechnology Market ADAMA Agricultural Solutions Ltd. has launched a new prothioconazole fungicide that provides a unique formulation and improves cereal and OSR disease control compared. It is developed by Adama’s global R&D facility at NeotHovav, Israel. The key players in the agriculture biotechnology industry: Syngenta AG, Bayer AG, Evogene Ltd., DowDuPont Inc., KWS SAAT SE, BASF SE, Performance Plants Inc., Global Bio-chem Technology Group Company Limited, Vilmorin & Cie, Certis USA LLC, and ADAMA Agricultural Solutions Ltd.

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