Global Agricultural Biotechnology Market – Analysis and Forecast (2019-2024)

1. Global Agricultural Biotechnology Market

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3. Global Agricultural Biotechnology Market The global agricultural biotechnology market was valued at USD 33.8 billion in 2018. Agricultural biotechnology is the collection of novel techniques to enhance crop productivity and efficiency. It provides framers an innovative technology that can make crop reasonable and productive. It is used to safeguard crops from destructive diseases, and to alter the genetic sequence of crops, which surges crop production. The global agricultural biotechnology market is growing at a significant rate, due to escalating per capita income, and mounting demand for biofuel.

4. Global Agricultural Biotechnology Market Expanding population size, the prospering need for transgenic crops, mounting demand of genetically modified crops, escalating per capita income, regulatory reinforce in the U.S. and Brazil, intensifying animal feed owing to mounting meat consumption, and mounting demand for biofuel is the primary growth drivers for agricultural biotechnology market. Majority of genetically modified crops grown in developing economies, escalating agricultural needs, and mounting research activities in genetically modified crops in developing countries are also facilitating the growth of the agricultural biotechnology market.

5. Global Agricultural Biotechnology Market Key players in the agricultural biotechnology market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In June 2018, Bayer AG acquired Monsanto Company, to help and improve harvest even better. 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 are the key players offering agricultural biotechnology.

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