Global Agriculture Biotechnology Market Size, Share, Opportunities, And Trends By Type (Plants, Animals, Microorganisms), By Technique (Genetic Engineering, Tissue Culture, Molecular Diagnostics), And By Geography - Forecasts From 2023 To 2028

The field of agricultural biotechnology, also known as agritech, involves the use of scientific tools and methods to modify living things, such as plants, animals, and microorganisms, including molecular markers, genetic engineering, vaccines, tissue culture, and molecular diagnostics. The capacity of biotechnology to increase breeders' ability to improve crops and animals starts with the ability to pinpoint certain genes that may bestow benefits on particular crops and the ability to work with such traits very accurately.

Due to growing public awareness of agriculture biotechnology solutions' advantages in maximizing agricultural productivity, the agricultural market has experienced significant growth. The implementation of agriculture biotechnology tools is inescapable due to the rising food demand brought on by the expanding population. The increased cultivation of biotech crops worldwide and substantial expenditure in agricultural research and development are driving the growth of the global market for agricultural biotechnology. Other determinants such as the effects of climate change, rising demand for nutritional food, and the growing population are also driving the growth of the global market.

However, unsuitable conditions for genetically modified crops in some parts of the world along with high cost and lack of skilled manpower as well as knowledge in developing economies are restricting the growth of the global market for agriculture biotechnology during the projection period.

Growing demand to increase production and enhance cope health are anticipated to promote growth for the global agriculture biotechnology market during the projection period.

While the world's population has increased dramatically, the majority of this growth occurred in developing and undeveloped economies. Consequently, farming is under pressure to increase food and animal feed production while reducing pesticide use. Less energy and labor must also be used, and environmental land and water management must be improved. Increasing agricultural production is under pressure as a result of the population's fast growth and the resulting difficulty in feeding the rising population. All of these needs may be satisfied by using the Internet of Things, AI, equipment, and other advanced practices like genome editing, RNA interference, and transgenics.

From 41,079 kg/ha in 2019 to 40,708 kg/ha in 2020 for wheat, the yield for key cereal crops including rice, wheat, barley, corn, and other grains decreased significantly, according to FAO statistics. A similar trend was also seen for barley and other coarse grains. Therefore molecular biology advances such as viral coat protein technologies, and gene sequence transfers increase the nutritional content of the crop, increase temperature & herbicide tolerance, and provide insect & disease resistance which aided in keeping agricultural production stable for the agritech sector thereby increasing the demand for agriculture biotechnology solutions.

To satisfy the requirements of a growing population, agricultural biotechnology has been employed to enhance the nutritional value of a number of crops. Crops made through genetic engineering can have more vitamins. Golden rice, as an illustration, possesses three genes that enable plants to create substances that are transformed into vitamin A in the human body. This rice has been nutritionally enhanced to help fight vitamin A deficiency, the main cause of blindness worldwide. Similar efforts have been made by the Banana 21 project to enhance banana nutrition and address Uganda's vitamin deficiency. Banana 21 has contributed to the development of a remedy to micronutrient shortages by genetically engineering bananas to include vitamin A and iron. Bananas are a staple meal and a key source of carbohydrates in Africa. Crops can also be genetically modified to generate kinds with allergies eliminated or to lower toxicity.

Asia Pacific is expected to hold a significant industry share of the global market for agriculture biotechnology during the projection period.

Asia Pacific region is anticipated to hold a significant market share in the global agriculture biotechnology market. Countries like India, Japan, Indonesia, South Korea, and China favorably impact market revenue. Key cities and towns in developing nations like China, India, and Indonesia have seen substantial economic expansion and ongoing population growth. Foods with value-added properties, such as improved nutritional qualities, and tastes, yet low in calories and needing quick preparation, are in high demand in industrialized nations and affluent markets of the Asia Pacific region. The middle class is expanding in the Asia Pacific, increasing their spending power and requiring a wider variety of meals, including meats and oils. The adoption of genetically modified crops to secure the availability of feed for animals was motivated in part by the demand for meat. Prime markets in the Asia Pacific region include India, China, Japan, Taiwan, Indonesia, Australia, and Thailand.

Market Developments

• In February 2023, using remote hybridization, researchers from the Department of Agriculture Biotechnology at Anand Agricultural University (AAU) created a unique species of decorative okra called Anand Shobha, also known as the Gujarat ornamental okra hybrid 1.
• In May 2022, with the introduction of microbiome-based products, Lavie Bio Ltd., a leading ag-biologicals company that focuses on enhancing food quality, sustainability, and agricultural productivity, today announced that Lavie Bio's recently launched bio-inoculant product for Spring Wheat, successfully produced and sold to all of its intended U.S. customers for the current growing season of 2022.
• In March 2023, Corteva Agriscience revealed its plans for the commercial release of corn products made with VorceedTM and Enlist®. In regions of significant corn rootworm (CRW) pressure in the Corn Belt, US farmers will have access to Vorceed Enlist corn technology across Pioneer® seeds, Dairyland Seed®, and Brevant® seeds through the exclusive Corteva Horizon Network.

Global Agriculture Biotechnology Market Scope:

• Segmentation:
• By  Type
  • Plants
  • Animals
  • Microorganisms
• By  Technique
  • Genetic Engineering
  • Tissue Culture
  • Molecular Diagnostics
• By Geography
  • North America
    • USA
    • Canada
    • Others
  • South America
    • Brazil
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Others
  • Middle East and Africa
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Taiwan
    • Thailand
    • Indonesia
    • Others