Agricultural Biotechnology Market Size, Share, Development, Growth and Demand Forecast to 2023

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The agricultural biotechnology market is growing at a significant rate due to growing cultivation area of genetically modified crops and rising demand for bio fuels. Increased research and development activities and regulatory support in Asia-Pacific and Africa are giving ample opportunities to the agricultural biotechnology market to grow at a significant rate in the coming years. North America dominates the agricultural biotechnology market due to greater focus on bio-services and higher adoption of biopharmaceuticals.

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 Agricultural biotechnology is used by various methods such as molecular markers, vaccines, genetic engineering, tissue culture and molecular diagnostics. Genetic engineering is to transfer useful characteristics, such as resistance, to a disease with the help of genes from one organism to another. Molecular markers are used by scientists to select plants or animals that possess a desirable gene, even in the absence of a visible trait. For instance, the molecular markers are used by International Institute of Tropical Agriculture to obtain disease resistant white yam, cowpea resistant to bruchid and cassava resistant to cassava mosaic disease. Molecular diagnostics are used to detect genes that are very specific and are mainly used in agriculture to diagnose crop or livestock diseases more accurately. Biotechnology derived vaccines are used in livestock and humans. In Philippines, biotechnology was used to develop an enhance vaccine to protect water buffalo and cattle against hemorrhagic septicemia, which is a leading cause of death for water buffalo and cattle. Tissue culture is used to regenerate plants in laboratory from disease free plant parts. Some of the crops produced by using tissue culture are pineapples, bananas, avocados, mangoes, citrus, papaya and coffee.


Some of the factors driving the growth of the agricultural biotechnology market are increasing demand for food and regulatory support in the U.S. and Brazil. Strong opposition for genetically modified (GM) crops in Europe is one of the major factors restraining the growth of the agricultural biotechnology market to some extent.
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Some of the competitors in the agricultural biotechnology market are Syngenta AG, Performance  Plants, Inc., Monsanto Company, DuPont Pioneer, Mycogen Seeds, Dow  AgroSciences, LLC, Certis USA, LLC, Bayer CropScience AG, BASF SE, ADAMA  Agricultural Solutions Ltd. Rubicon, KWS SAAT AG, Global Bio-chem Technology,  Evogene Ltd, and Vilmorin.
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