Global Agricultural Biotechnology Market Segmentation, By Product Type (Crop protection products, Transgenic Seeds, and Synthetic Biology-Enables Products), Trait Type (Stacked, Herbicide-tolerant, Insect-resistant, and Desirable and Virus-resistant), Organisms (Plants, Animals, and Microbes), Application (Vaccine Development, Transgenic Crops and Animals, Antibiotic Development, Nutritional Supplements, Flower Culturing, and Biofuels), Technology (Genome Editing, Synthetic Biology, Genetic Engineering, Marker-assisted Breeding, Plant Breeding, Germplasm, and Other Technologies) – Industry Trends and Forecast to 2031
Agricultural Biotechnology Market Analysis
The agricultural biotechnology market is experiencing rapid growth due to the latest methods and technological advancements that enhance crop yield, pest resistance, and environmental sustainability. Gene editing technologies such as CRISPR-Cas9 allow for precise modifications to improve crop traits, making plants more resilient to droughts and diseases. This method reduces the need for pesticides, resulting in more eco-friendly farming practices.
In addition, advancements in synthetic biology are enabling the production of genetically engineered crops that produce higher yields and offer better nutritional value. The use of bioinformatics and AI to analyze large datasets is revolutionizing decision-making processes, optimizing farming strategies, and improving productivity.
The adoption of agricultural biotechnology is accelerating, driven by the demand for sustainable farming solutions to meet the global food supply needs. Companies are increasingly investing in research and development to develop biotechnology products such as bio-pesticides and bio-fertilizers, promoting sustainable agriculture. The market is projected to grow significantly as these technologies are embraced, especially in regions facing climate challenges and food security issues. These advancements align with sustainable agricultural practices, paving the way for more resilient food systems.
Agricultural Biotechnology Market Size
The global agricultural biotechnology market size was valued at USD 151.06 billion in 2023 and is projected to reach USD 346.61 billion by 2031, with a CAGR of 10.94% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.
Agricultural Biotechnology Market Trends
“Growing Demand for Genetically Modified Crops”
A key trend driving growth in the agricultural biotechnology market is the increasing adoption of genetically modified (GM) crops. These crops are engineered to improve yield, pest resistance, and environmental tolerance, offering solutions to challenges such as climate change and food security. For instance, herbicide-resistant GM crops have reduced the need for chemical herbicides, leading to sustainable farming practices. According to ISAAA, GM crops such as soybean, maize, and cotton accounted for 190 million hectares globally in 2022. As the demand for sustainable agricultural solutions rises, the biotechnology market is expanding, driven by innovations that enhance productivity while reducing environmental impacts.
Report Scope and Agricultural Biotechnology Market Segmentation
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Attributes
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Agricultural Biotechnology Key Market Insights
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Segments Covered
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Key Market Players
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KWS SAAT SE & Co. KGaA (Germany), Dow (U.S.), Bayer AG (Germany), BASF SE (Germany), Thermo Fisher Scientific (U.S.), Sumitomo Chemical Co., Ltd (Japan), MITSUI & CO., LTD. (Japan), Novozymes (Denmark), Yield10 Bioscience Inc (U.S.), Kemin Industries Inc. (U.S.), Valent Biosciences (U.S.), Corteva (U.S.), DSM (Netherland), ADAMA (Israel), Cargill, Incorporated (U.S.), Nufarm Canada (Canada), DuPont. (U.S.), Eurofins (Luxembourg)
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Market Opportunities
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Value Added Data Infosets
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.
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Agricultural Biotechnology Market Definition
Agricultural biotechnology involves using scientific techniques to modify plants, animals, and microorganisms for improved agricultural productivity and sustainability. By applying tools such as genetic engineering, molecular markers, and tissue culture, biotechnology enhances crop yields, resistance to pests and diseases, and tolerance to environmental stresses such as drought or salinity. It also plays a significant role in developing biofuels and improving nutritional content in food. Innovations such as genetically modified organisms (GMOs) and gene editing (such as CRISPR) are instances of agricultural biotechnology, providing solutions to global food security challenges while minimizing the environmental impact of farming practices.
Agricultural Biotechnology Market Dynamics
Drivers
- Rise of Precision Agriculture
The integration of agricultural biotechnology with precision farming tools is significantly boosting the biotechnology market. Precision agriculture uses technologies such as GPS, sensors, and data analytics to optimize the use of resources such as seeds, fertilizers, and water. This targeted approach reduces waste and maximizes crop yields. For instance, In May 2024, Syngenta's ADEPIDYN technology, a powerful fungicide, received approval in over 55 countries, reflecting its strong global demand among farmers. This innovative product effectively addresses fungal diseases while promoting sustainable crop protection. Syngenta anticipates that ADEPIDYN will achieve sales of one billion US dollars within the next eight years, underscoring its success and reinforcing the company’s leadership in agricultural technology and sustainable innovations.
- Growing Use of Marker-Assisted Breeding in Agricultural Biotechnology
The agricultural biotechnology market is being driven by the increasing use of marker-assisted breeding, which accelerates and enhances plant development. Different from traditional selective breeding, this method uses DNA markers to guide and expedite the process, providing much greater precision. For instance, in 2020, the agricultural biotechnology sector experienced rapid growth, raising USD 1.6 billion through 173 deals, making it one of the fastest-growing domains in farming technology. This surge reflects increasing interest and investment in innovative solutions to enhance agricultural productivity and sustainability. According to AgFunder’s 2022 Agrifoodtech Investment Report, agricultural biotechnology startups attracted approximately USD 2.6 billion across 209 deals in 2021, highlighting ongoing momentum in the sector.
Opportunities
- Consumer Demand for Healthier Foods
The growing consumer demand for healthier food options presents a significant opportunity in the agricultural biotechnology market. Biotechnology enables the development of crops with enhanced nutritional profiles, such as vitamin-enriched rice or protein-fortified grains, catering to health-conscious consumers. For instance, in May 2024, Fermbox Bio launched EN3ZYME, a cellulose enzyme cocktail aimed at revolutionizing the transformation of agricultural waste into second-generation (2G) ethanol. This innovative product is designed to improve the cost-effectiveness and efficiency of converting pre-treated agricultural residues into fermentable sugars, thereby enhancing bioethanol production. This development not only supports sustainability in agriculture but also advances the synthetic biology sector's capabilities in renewable energy.
- Increasing Nutritional Value of Crops Expanding Horizon
The agricultural biotechnology market is expanding significantly due to the potential to enhance the nutritional value of crops, addressing micronutrient deficiencies. For instance, in June 2024, IPL Biologicals, in collaboration with Punjab Agricultural University, launched a new bio-fungicide called Agenor. This product is specifically designed to address the challenges faced by paddy farmers, such as fungal infections that threaten crop yields. Agenor exemplifies the growing trend toward bio-based agricultural solutions that promote sustainability and efficacy in pest management, reinforcing IPL Biologicals' commitment to innovative agricultural practices.
Restraints/Challenges
- Lack of Knowledge Associated with Agricultural Biotechnology
The lack of knowledge associated with agricultural biotechnology poses significant challenges to market growth, particularly in developing countries. Many regions face insufficient research focus and understanding of specific biotech areas, leading to ineffective investments. This gap in knowledge prevents stakeholders from identifying crucial opportunities and hinders the development of necessary infrastructure to support agricultural innovations. As a result, the potential benefits of biotechnology, such as improved crop yields and resilience, remain largely untapped. Furthermore, limited awareness among farmers and consumers about biotechnology's advantages creates skepticism and resistance, further obstructing the market's expansion during the forecast period.
- Increasing Effects of Agricultural Biotechnology
The increasing effects of agricultural biotechnology raise significant concerns regarding health and environmental safety. The uncertainty surrounding the long-term impact of genetically modified organisms (GMOs) on human health complicates risk assessments. Notably, the use of antibiotic resistance genes in genetic engineering poses a potential threat, as these genes could diminish antibiotic effectiveness, jeopardizing public health. Furthermore, the ecological consequences of introducing GMOs into natural ecosystems remain largely unknown, raising fears of unintended effects on biodiversity. Such risks contribute to public skepticism and regulatory scrutiny, potentially hampering market growth for agricultural biotechnology as consumers and stakeholders call for more comprehensive evaluations and transparency regarding GMO safety.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
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Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
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Agricultural Biotechnology Market Scope
The market is segmented on the basis of type, nature, form, end use and sales channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Crop protection products
- Transgenic Seeds
- Soybean
- Maize
- Cotton
- Others
- Synthetic Biology-Enables Products
Trait Type
- Stacked
- Herbicide-tolerant
- Insect-resistant
- Desirable and Virus-resistant
Organisms
- Plants
- Conventional Techniques
- Established Genetic Modification
- New Breeding Techniques
- Animals
- Conventional Techniques
- Established Genetic Modification
- New Breeding Techniques
- Microbes
- Conventional Techniques
- Established Genetic Modification
- New Breeding Techniques
Application
- Vaccine Development
- Transgenic Crops and Animals
- Antibiotic Development
- Nutritional Supplements
- Flower Culturing
- Biofuels
Technology
- Genome Editing
- Synthetic Biology
- Genetic Engineering
- Marker-assisted Breeding
- Plant Breeding
- Germplasm
- Other Technologies
Agricultural Biotechnology Market Regional Analysis/Insights
The market is analysed and market size insights and trends are provided by country, type, nature, form, end use and sales channel as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is expected to dominate the agricultural biotechnology market due to the increasing acceptance of genetic techniques for crop enhancement. This trend is driven by the region's focus on sustainability and food security. In addition, the reduction in insecticide and pesticide usage is expected to foster growth, as farmers adopt biotechnological solutions that promote environmentally friendly practices while enhancing crop yields and resilience.
Asia-Pacific is anticipated to be the fastest-growing region in the agricultural biotechnology market during the forecast period. This growth is driven by farmers’ increasing focus on modern farming techniques and enhanced agricultural productivity. In addition, rising personal disposable incomes and the growing demand for food due to the region's increasing population will further fuel market expansion, creating significant opportunities for biotechnology innovations in agriculture.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Agricultural Biotechnology Market Share
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Agricultural Biotechnology Market Leaders Operating in the Market Are:
- KWS SAAT SE & Co. KGaA (Germany)
- Dow (U.S.)
- Bayer AG (Germany)
- BASF SE (Germany)
- Thermo Fisher Scientific (U.S.)
- Sumitomo Chemical Co., Ltd (Japan)
- MITSUI & CO., LTD. (Japan)
- Novozymes (Denmark)
- Yield10 Bioscience Inc (U.S.)
- Kemin Industries Inc. (U.S.)
- Valent Biosciences (U.S.)
- Corteva (U.S.)
- DSM (Netherland)
- ADAMA (Israel)
- Cargill, Incorporated (U.S.)
- Nufarm Canada (Canada)
- DuPont. (U.S.)
- Eurofins (Luxembourg)
Latest Developments in Agricultural Biotechnology Market
- In June 2024, IPL Biologicals, in collaboration with Punjab Agricultural University, launched a new bio-fungicide called Agenor. This product is specifically designed to address the challenges faced by paddy farmers, such as fungal infections that threaten crop yields. Agenor exemplifies the growing trend toward bio-based agricultural solutions that promote sustainability and efficacy in pest management, reinforcing IPL Biologicals' commitment to innovative agricultural practices
- In May 2024, Syngenta's ADEPIDYN technology, a powerful fungicide, received approval in over 55 countries, reflecting its strong global demand among farmers. This innovative product effectively addresses fungal diseases while promoting sustainable crop protection. Syngenta anticipates that ADEPIDYN will achieve sales of one billion US dollars within the next eight years, underscoring its success and reinforcing the company’s leadership in agricultural technology and sustainable innovations
- In May 2024, Fermbox Bio launched EN3ZYME, a cellulose enzyme cocktail aimed at revolutionizing the transformation of agricultural waste into second-generation (2G) ethanol. This innovative product is designed to improve the cost-effectiveness and efficiency of converting pre-treated agricultural residues into fermentable sugars, thereby enhancing bioethanol production. This development not only supports sustainability in agriculture but also advances the synthetic biology sector's capabilities in renewable energy
- In October 2023, BASF announced a significant investment in a new fermentation plant at its Ludwigshafen site, with a high double-digit million euro amount dedicated to this project. Set to be operational in the latter half of 2025, the facility will focus on producing biological and biotechnology-based crop protection products. This strategic move aims to enhance BASF’s portfolio to meet the rising demand for sustainable agricultural solutions
- In September 2023, The ISAAA Inc. organized a study launch in the Philippines titled "Public Perception of Agricultural Biotechnology." This initiative aims to assess the understanding and attitudes of the public towards agricultural biotechnology, a critical area influencing the acceptance of modern farming techniques. By gathering insights, the study seeks to foster informed discussions and enhance stakeholder engagement in the biotechnology sector to support agricultural innovation
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