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2023

Agriculture Biotech Market

Agriculture Biotech Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by Technology, by Application : Global Opportunity Analysis and Industry Forecast, 2021-2031

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Author's: Supriya Bhosale | Surya Sanka
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Agriculture Biotech Market Research, 2031

The global agriculture biotech market size was valued at $93.1 billion in 2021 and is projected to reach $214.6 billion by 2031, growing at a CAGR of 8.8% from 2022 to 2031. The branch of biotechnology that focuses on agricultural applications is called agricultural biotechnology. Agriculture biotech has been used for a very long time to improve agriculturally significant organisms through breeding and selection.

Agriculture Biotech Market

Biotechnology also makes it easier to spread favorable features throughout plants and animals. For instance, it has been used to create animals with characteristics like quick growth and greater disease resistance. To boost milk output in dairy cows, the growth hormone gene in cattle can be cloned using biotechnology. During the forecast period, the agriculture biotech market is anticipated to grow because of the rapid adoption of biotechnology in transgenic crops. Crop genetic engineering aids plant breeders in enhancing plants and reducing significant problems with modern agriculture. These transgenic plants have outstanding resistance to pesticides, diseases, and insects.

Insufficient budget allocation for R&D in developing economies and a lack of infrastructure for research, insufficient human resources, and expertise are anticipated to restrain agriculture biotech market growth. Agricultural biotechnology is a sector of deep research that requires highly skilled human resources to achieve significant results. Many developing economies lack skilled human resources and where they are available, it is in short supply or they don't get enough opportunities. Agricultural biotechnology has the great potential to boost crop yield by providing crops with disease resistance. The technology also enables the enhancement of the flavor, texture of food, and nutritional content. For example, potatoes with more amino acid content and soybeans with higher protein content can be produced using biotech. 

The key players profiled in this agriculture biotech market forecast report include KWS SAAT SE & Co. KGaA, ChemChina, Bayer AG, Corteva, Nufarm, Limagrain, MITSUI & CO., LTD, Evogene Ltd., Valent BioSciences LLC., and Marrone Bio Innovations.

The global is segmented on the basis of type, technology, application, and region. By type, the market is sub-segmented into hybrid seeds, transgenic crops, bio-pesticides and bio-fertilizers. By technology, the market is classified into genetic engineering, tissue culture, embryo rescue, somatic hybridization, molecular diagnostics, vaccine, and others. By application, the market is classified into crop production, crop protection, chemical tolerance, disease resistance, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The agriculture biotech market is segmented into Type, Technology and Application.

Agriculture Biotech Market by Type

By type, the hybrid seeds sub-segment dominated the market in 2021. Hybrid seeds are produced for specific reasons such as increasing output, resistance to certain plant diseases, or a particular characteristic like form or color. Plants are now routinely subjected to targeted mutagenesis techniques, particularly CRISPR techniques that may produce desired changes quickly and easily. These are predicted to be the major factors affecting the agriculture biotech market share during the forecast period.

Agriculture Biotech Market by Technology

By technology, the genetic engineering sub-segment dominated the global agriculture biotech market in 2021. The growth of this sub-segment can be attributed to the use of agriculture biotech for enhancing the medicinal and nutritional value of crops as genetic engineering increases global crop output. It helps scientists create plants that can survive harmful illnesses and challenging climatic conditions. Using genetic engineering, scientists can modify a plant's DNA to increase its pesticide resistance. The earth's ecosystem and agricultural production gain from designing plants to tolerate difficult climatic conditions. These are predicted to be the major factors affecting the market during the forecast period.

Agriculture Biotech Market by Application

By application, the crop production sub-segment dominated the global market in 2021. Abiotic and biotic stresses pose a threat to the yield of crops including wheat, corn, and rice. Drought, extreme temperature, soil infertility, acidity, and alkalinity are some examples of abiotic stresses. Weeds, insects, and plant pathogens including fungi, viruses, and bacteria are examples of biological stresses. Biotechnology makes it feasible to integrate the genes in a manner that they are expressed once an insect begins to feed on the plant. Biotechnology is enabling plant scientists to understand the mechanisms that account for a plant’s natural tolerance or resistance to herbicides. As a result, scientists use this knowledge in crop production science.

Agriculture Biotech Market by Region

By region, North America dominated the global market in 2021 and Asia-Pacific is projected to have the fastest-growing market during the forecast period. Many distinct governmental and economic systems, cultural traditions, and linguistic groups are found in this region. Within these, the agricultural sector differs, with India using simple techniques and Japan adopting high technical standards. Asia-Pacific accounts for about 40% of the world's arable land, making it a valuable market (nearly 600 million hectares). In addition, the area is distinguished by the significance of the rice crop and the dominance of small farmers.

Impact of COVID-19 on the Global Agriculture Biotech Industry

  • Income losses during the pandemic and supply chain disturbances have led to a food shortage in many countries. However, the demand for agricultural products didn’t decrease, on account of sustained food consumption.
  • Economic slowdown has affected the setup of new agriculture biotech projects across the world as the majority of government funding was diverted towards the healthcare sector owing to the rapid spread of the COVID-19 virus.
  • Bolstering agricultural value chains in the wake of the pandemic is anticipated to rely heavily on the use of biotechnology in food production.
  • Solving the issue of food security is at the heart of post-COVID-19 recovery.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the agriculture biotech market analysis from 2021 to 2031 to identify the prevailing agriculture biotech market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the agriculture biotech market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global agriculture biotech market trends, key players, market segments, application areas, and market growth strategies.

Agriculture Biotech Market Report Highlights

Aspects Details
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Market Size By 2031

USD 214.6 billion

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Growth Rate

CAGR of 8.8%

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Forecast period

2021 - 2031

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Report Pages

280

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By Type
  • Hybrid Seeds
  • Transgenic Crops
  • Bio-pesticides
  • Bio-fertilizers
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By Technology
  • Genetic Engineering
  • Tissue Culture
  • Embryo Rescue
  • Somatic Hybridization
  • Molecular Diagnostics
  • Vaccine
  • Others
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By Application
  • Crop Production
  • Crop Protection
  • Chemical Tolerance
  • Disease Resistance
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, UK, France, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, United Arab Emirates, Saudi Arabia, South Africa, Rest of LAMEA)
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Key Market Players

Certis Biologicals, ADAMA, Limagrain, Corteva Agriscience, VILMORIN & CIE, Valent BioSciences, ChemChina, KWS SAAT SE & Co. KGaA, Marrone Bio Innovations, Inc., Bayer AG

Analyst Review

Developing nations are the most important in the world for bringing about economic stability and prosperity. To satisfy rising food demands, increase disposable incomes, and safeguard the environment for future generations, agricultural productivity in these nations must increase rapidly. Agricultural biotechnology has the great potential to contribute significantly to this success. Farmers, producers, and consumers are increasingly benefitting from the use of biotechnology in agriculture. Insect pest control and weed management have both been made safer and simpler due to biotechnology. In addition, the protection of crops from diseases is also enhanced. All these factors are expected to drive the agriculture biotech market. Less R&D funding and awareness about biotechnology in developing economies is expected to hamper the agriculture biotech market. The need for increasing crop yield across the globe is expected to offer ample growth opportunities. Agricultural biotechnology has the potential to significantly increase crop yield by giving crops superior disease resistance and increased drought tolerance.

Among the analyzed regions, North America is expected to account for the highest revenue in the market by the end of 2031, followed by Asia-Pacific, Europe, and LAMEA. Rapid industrialization and urbanization are the key factors responsible for leading position of North America and Asia-Pacific in the global agriculture biotech market.

Author Name(s) : Supriya Bhosale | Surya Sanka
Frequently Asked Questions?

The agriculture biotech market is anticipated to grow as a result of the rapid adoption of biotechnology in transgenic crops. Genetic engineering in agriculture offers excellent benefits such as improvement in crop yields, decreased expenses for food production, less requirement for pesticides, improved nutrient composition and food quality, resistance to pests and disease, greater food security, etc. Biotechnology can also be used to help animals to more effectively use nutrients present in feed. This, in turn, is expected to offer ample opportunities to agriculture biotech market.

The major growth strategies adopted by agriculture biotech market players are investment and agreement.

Asia-Pacific will provide more business opportunities for the global agriculture biotech market in future.

KWS SAAT SE & Co. KGaA, ChemChina, Bayer AG, Corteva, Nufarm, Limagrain, MITSUI & CO., LTD, Evogene Ltd., Valent BioSciences LLC., and Marrone Bio Innovations and the major players in the agriculture biotech market.

Genetic engineering sub-segment of the technology acquired the maximum share of the global agriculture biotech market in 2021.

Crop Production and Crop Protection are the major applications in the global agriculture biotech market.

The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global agriculture biotech market from 2021 to 2031 to determine the prevailing opportunities.

The use of agriculture biotech as a Crop production entails both the resource inputs needed to produce the crops as well as all the feed sources needed to maintain the dairy herd, which is estimated to drive the adoption of agriculture biotech.

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Agriculture Biotech Market

Global Opportunity Analysis and Industry Forecast, 2021-2031