“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.
