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The agricultural biotechnology market share is projected to surge by USD 27.00 billion from 2021 to 2026, at an accelerating momentum CAGR of 10.55%.
This agricultural biotechnology market research report extensively covers agricultural biotechnology market segmentation by application (transgenic seeds and crop protection biochemicals) and geography (North America, Europe, APAC, South America, and Middle East and Africa).
The agricultural biotechnology market vendors covered in this report include Bayer AG, BASF SE, Benson Hill Inc., Biological Products Industry Alliance, China National Chemical Corp. Ltd., Corteva Inc., DuPont de Nemours Inc., Eurofins Scientific SE, Evogene Ltd., Global Bio chem Technology Group Co. Ltd., Groupe Limagrain Holding, KWS SAAT SE and Co. KGaA, Marrone Bio Innovations Inc., Mitsui and Co. Ltd., Novozymes AS, Nufarm Ltd., Performance Plants Inc., Sumitomo Chemical Co. Ltd., The Dow Chemical Co., and Yield10 Bioscience Inc. among others. Furthermore, the post COVID-19 impact analysis on the market captured in this report will help players evaluate their business approaches.
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Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing demand for higher crop yield is notably driving the agricultural biotechnology market growth, although factors such as higher costs for the development of agricultural biotechnology products may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the agricultural biotechnology industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Agricultural Biotechnology Market Driver
Key Agricultural Biotechnology Market Trend
Key Agricultural Biotechnology Market Challenge
This agricultural biotechnology market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global agricultural biotechnology market as a part of the global agricultural and farm machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the agricultural biotechnology market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the agricultural biotechnology market encompasses successful business strategies deployed by the key vendors. The agricultural biotechnology market is fragmented and the vendors are deploying growth strategies such as investment in R&D activities to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The agricultural biotechnology market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the agricultural biotechnology market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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42% of the market's growth will originate from North America during the forecast period. The US is the key market for agricultural biotechnology in North America. Market growth in this region will be faster than the growth of the market in South America and MEA.
Technological advances for better cultivation practices, increasing demand for agricultural equipment, and consumer preference for environmentally safe products will facilitate the agricultural biotechnology market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 pandemic spread widely across North America, which had a slightly negative impact on the market in focus. However, in 2021, the demand for agricultural biotechnology increased owing to mass vaccination drives implemented in the region and due to the rise in demand for food products. These factors are, in turn, anticipated to drive the market during the forecast period.
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The agricultural biotechnology market share growth by the transgenic seeds segment will be significant during the forecast period. The growth is attributed to the high demand for GM seeds owing to its multiple characteristics, which include:
This report provides an accurate prediction of the contribution of all the segments to the growth of the agricultural biotechnology market size and actionable market insights on post COVID-19 impact on each segment.
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Agricultural Biotechnology Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.55% |
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Market growth 2022-2026 |
$ 27.00 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
9.98 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 42% |
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Key consumer countries |
US, China, India, Germany, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Bayer AG, BASF SE, Benson Hill Inc., Biological Products Industry Alliance, China National Chemical Corp. Ltd., Corteva Inc., DuPont de Nemours Inc., Eurofins Scientific SE, Evogene Ltd., Global Bio chem Technology Group Co. Ltd., Groupe Limagrain Holding, KWS SAAT SE and Co. KGaA, Marrone Bio Innovations Inc., Mitsui and Co. Ltd., Novozymes AS, Nufarm Ltd., Performance Plants Inc., Sumitomo Chemical Co. Ltd., The Dow Chemical Co., and Yield10 Bioscience Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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