Biotechnology
is the application of scientific techniques to improve and modify vast field
and has application in variety of areas including healthcare, crop production
or agriculture among others. Agricultural biotechnology is a collection of new techniques
that develops plant, animal, and living organisms to enhance crop productivity
and efficiency. Agriculture biotechnology provides farmers innovative
technology that can make crop production cheaper and more reasonable.
Agricultural biotechnology can be utilized to shield crops from destructive
diseases. It is mainly used to modify the genetic sequence of crops known as
transgenic or genetically modified crops, which increases the crop
productivity.
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Rapid
changes in highly technical fields including DNA sequencing, synthetic biology
and genome editing are driving new applications and products in agriculture.
The overall agricultural biotechnology market is expected to grow at a rapid
pace, due to rising demand for food production. Growing population globally is
one of the major drivers for agriculture biotechnology market. This factor led
to higher demand for genetically modified crops to increase yield. Agriculture
biotechnology plays a vital role in biofuel industry and growing demand for
biofuels further increases growth of the market. However, strong concern about
genetically modified crops and low acceptance by consumers may hamper the
growth of market.
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The agricultural
biotechnology market is segmented on the basis of application as transgenic
crops and synthetic biology-enabled products and tools. Transgenic crops
are further subdivided into major crop types as corn, soybean, cotton and
others. Currently, transgenic crop application segment dominates this market.
Synthetic biology-enabled products and tools accounted smaller share of
agricultural biotechnology market in 2015. Soybean crop is expected to show the
highest growth among other genetically modified crops in upcoming years.
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Biotechnology Market - Global Industry Perspective, Comprehensive Analysis and
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chnology
market in 2015. This was mainly contributed by increased acceptance by
consumers. In Europe market will grow moderately due to strict regulation on
genetically modified crops. Asia pacific is expected to grow with high rate in
next few years due to large population and high food demand in this region.
Key
players in this market are DuPont Pioneer, Dow AgroSciences, Evogene, Bayer
CropScience, Syngenta, Mycogen Seeds, Monsanto, and Vilmorin among others.
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Global Agricultural Biotechnology Market: Application Segment
Analysis
- Transgenic crops
- Corn
- Soybean
- Cotton
- Others
- Synthetic
biology-enabled products
- Tools
Global Agricultural Biotechnology Market: Region Segment
Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Middle East
& Africa
Browse
the full “Agricultural
Biotechnology Market - Global Industry Perspective, Comprehensive Analysis and
Forecast, 2015 – 2021"report at https://www.zionmarketresearch.com/report/agricultural-biotechnology-market-global-industry-perspective-comprehensive-analysis
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