Global Agriculture Biotechnology Market is valued USD 28.5 billion in 2016 is anticipated to grow USD 68.5 billion with the compounded annual growth of 10.5% over the forecast period 2018-2025.
New York 22 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Agriculture Biotechnology market industry is poised to raise USD 68.5 billion by 2025. The major factors expected to augment the market are growing population size, globally increasing transgenic crops demand due to increasing food requirements, rising per capita income. Agricultural biotechnology, also known as agritech, is an area of agricultural science that uses scientific tools and techniques, including genetic engineering, molecular markers, molecular diagnostics, vaccines, and tissue culture, to modify living organisms: plants, animals, and microorganisms.
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Global Agricultural Biotechnology Market Size Study By Technology (Synthetic Biology, Deoxyribonucleic Acid (DNA) Sequencing, Genome Editing Tools, Ribonucleic Acid, (RNA) Interference, Biochips), By Product (Crop Protection Products, and Transgenic Seeds), and By Regional Forecasts, 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Bayer AG, Dowdupont Inc., Syngenta AG, BASF SE, Adama Agricultural Solutions Ltd., Certis USA LLC, Evogene Ltd., KWS SAAT SE, Monsanto Company, Vilmorin & CIE, and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The Asia Pacific region accounted for the leading market share, more than XX % of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
- Synthetic Biology
- Deoxyribonucleic Acid (DNA) Sequencing
- Genome Editing Tools
- Ribonucleic Acid (RNA) Interference
- Crop Protection Products
- Transgenic Seeds
- Fruits & vegetables
- North America
- Asia Pacific
- Latin America
- Rest of the World