The latest report by IMARC Group, titled “Agricultural Biotechnology Market Report by Organism Type (Plants, Animals, Microbes), Technology (Genome Editing, Synthetic Biology, Genetic Engineering, Marker-Assisted Breeding, Plant Breeding, Germplasm, and Others), Application (Vaccine Development, Transgenic Crops and Animals, Antibiotic Development, Nutritional Supplements, Flower Culturing, and Others), and Region 2024-2032“, The global agricultural biotechnology market size reached US$ 140.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 249.2 Billion by 2032, exhibiting a growth rate (CAGR) of 6.57% during 2024-2032.

Agricultural biotechnology utilizes advanced scientific methods like genetic engineering, tissue culture, and molecular diagnostics to enhance plant and animal productivity and food quality. Its primary goal is to tackle challenges such as pest resistance, climate adaptability, and nutrient enrichment in crops. By offering solutions for increasing yield while decreasing reliance on chemical fertilizers and pesticides, this technology is revolutionizing modern farming practices. From genetically modified drought-resistant crops to environmentally-friendly biopesticides, agricultural biotechnology is playing a crucial role in improving the sustainability and efficiency of agriculture. Its widespread applications span across various sectors including crop production, animal husbandry, and biofuels.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/agricultural-biotechnology-market/requestsample

Agricultural Biotechnology Market Report Trends and Drivers:

The increasing global population is driving demand for food, necessitating higher agricultural yields. Climate change challenges traditional farming methods, pushing the need for more resilient solutions offered by agricultural biotechnology. Advances in molecular biology are fueling research and development, supporting market expansion. Sustainable agriculture trends are promoting environmentally friendly biotech crops that require fewer inputs. Government initiatives and policies focused on food security and sustainable farming will further boost market growth in the future.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Technology:

• Genome Editing
• Synthetic Biology
• Genetic Engineering
• Marker-Assisted Breeding
• Plant Breeding
• Germplasm
• Others

Breakup by Application:

• Vaccine Development
• Transgenic Crops and Animals
• Antibiotic Development
• Nutritional Supplements
• Flower Culturing
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape with Key Player:

• ADAMA Ltd. (Syngenta Group Co. Ltd.)
• BASF SE
• Bayer AG
• DowDuPont
• LGC Biosearch Technologies (LGC Ltd.)
• Performance Plants Inc.
• Yield10 Bioscience Inc.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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