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The agricultural biotechnology market size has grown rapidly in recent years. It will grow from $55.24 billion in 2023 to $60.93 billion in 2024 at a compound annual growth rate (CAGR) of 10.30%.  The growth in the historic period can be attributed to increased population and food demand, crop resistance to pests and diseases, improved crop characteristics, advancements in genetic engineering techniques, environmental concerns and sustainable agriculture.

The agricultural biotechnology market size is expected to see rapid growth in the next few years. It will grow to $89.52 billion in 2028 at a compound annual growth rate (CAGR) of 10.10%.  The growth in the forecast period can be attributed to rising focus on precision agriculture, climate change adaptation, consumer demand for sustainable practices, global trade dynamics, emerging markets and developing economies. Major trends in the forecast period include collaboration and partnerships, technological innovations, biosecurity and pandemic preparedness, gene editing technologies dominance, digital agriculture integration.

The increased food demand is expected to propel the growth of the agricultural biotechnology market going forward. Food demand refers to the quantity and variety of food products consumers desire and are willing to purchase within a given period. Increased food demand is due to population growth, urbanization, and shifting dietary preferences. Agricultural biotechnology boosts food demand by enhancing crop productivity, improving crop quality, and increasing resilience to environmental stresses.

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What Are The Key Trends That Influence Agricultural Biotechnology Market Share Analysis?

Major companies operating in the agricultural biotechnology market are concentrating on innovative biotechnologies, such as pipelines with integrated solutions, to accelerate agriculture’s transformation and overcome local and crop system climate challenges. This solution combines crop protection, seeds and traits, technologies, tools, and methodologies to optimize farming practices, increase productivity, and improve sustainability.

Which Market Players Are Driving Growth In The Agricultural Biotechnology Market?

Major companies operating in the agricultural biotechnology market are BASF SE, Dow AgroSciences  Inc., Bayer AG, Syngenta AG, Monsanto Company , DuPont de Nemours Inc., Novozymes A/S, Certis USA, Vilmorin & Cie SA, KWS SAAT SE, Indigo Agriculture Inc., Bioceres Crop Solutions Corp., Ginkgo Bioworks Holdings Inc., AgBiome Inc., Pairwise Plants Services Inc., Marrone Bio Innovations Inc., Agrivida Inc., Intrexon Corporation , Phytelligence Inc., Cibus Global Ltd., Arcadia Biosciences Inc., ZeaKal Inc., NewLeaf Symbiotics Inc., Evogene Ltd., GreenLight Biosciences Inc.

How Is The Global Agricultural Biotechnology Market Segmented?

1) By Organism Type: Plants; Animal; Microbes
2) By Technology: Genetic Engineering; Tissue Culture; Embryo Rescue; Somatic Hybridization; Molecular Diagnostics; Vaccine; Other Technologies
3) By Application: Vaccine Development; Transgenic Crop And Animals; Antibiotic Development; Nutritional Supplements; Flower Culturing; Biofuels

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The Agricultural Biotechnology Global Market Report 2024 provides an overview of the agricultural biotechnologymarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The agricultural biotechnology market forecast analyzes agricultural biotechnology market size, agricultural biotechnology market share, leading competitor and their market positions.

The Table Of Content For The Agricultural Biotechnology Market Include

1. Agricultural Biotechnology Market Executive Summary
2. Agricultural Biotechnology Market Segments
3. Agricultural Biotechnology Market Size And Template Market Growth Rate
4.  Key Agricultural Biotechnology Market Trends
5. Major Agricultural Biotechnology Market Drivers
……
25. Key Mergers And Acquisitions In The Agricultural Biotechnology Market
26. Top Agricultural Biotechnology Companies
27. Agricultural Biotechnology Market Opportunities And Strategies
28. Agricultural Biotechnology Market, Conclusions And Recommendations
29. Appendix

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