Scienza e Tecnologia
Global Agriculture Biotech Market Predicted to Regain its Position After the Pandemic Debacle with a Stunning CAGR of 8.8% in the 2022-2032 Timeframe [270-Pages] | Interpreted by Research Dive
The report has divided the market into the following segments:
Type: hybrid seeds, transgenic crops, bio-pesticides, and bio-fertilizers
Technology: genetic engineering, tissue culture, embryo rescue, somatic hybridization, molecular diagnostics, vaccine, and others
Application: crop production, crop protection, chemical tolerance, disease resistance, and others
Region: North America , Europe , Asia-Pacific , and LAMEA
The increasing incorporation of biotechnology in the agriculture sector to create crops with higher vitamin content and other important nutrients is the major factor predicted to fortify the growth of the agriculture biotech market during the forecast period. Besides, the increasing demand for food products owing to the growing population is predicted to propel the growth of the market throughout the estimated period. However, the growing effects of human health over agricultural biotechnology may hamper the growth of the market throughout the analysis period.
The increasing use of agricultural biotechnology for marker-assisted breeding is expected to create expansive growth opportunities for the market over the estimated period. Moreover, the growing use of agriculture biotechnology for accelerating plant breeding with more precision than traditional approaches is predicted to amplify market growth during the forecast period.
The outbreak of the Covid-19 pandemic has severely impacted the agriculture biotech market, like various other industries. Before the pandemic, a huge number of people were already suffering from hunger and the rise of the Covid-19 pandemic has threatened food security adversely across the globe. Moreover, the disruption of domestic food supply chains in many countries along with the economic slowdown has affected the smooth functioning of food systems all around the world. All these factors have declined the market growth over the crisis.
The major players of the market include
These players are working on developing strategies such as product development, merger and acquisition, partnerships, and collaborations to sustain a leading position in the global industry.
For instance, in January 2023 , Bayer AG, a German multinational pharmaceutical and biotechnology company, announced its collaboration with Oerth Bio, a leading agricultural biotechnology company. With this collaboration, the companies aimed to develop the next generation of more sustainable crop protection products with minimal environmental impacts through lower application rates and favorable safety profiles.
Apart from the information summarized in this press release, the final report covers crucial aspects of the market including SWOT analysis, market overview, Porter's five forces analysis, market dynamics, segmentation (key market trends, forecast analysis, and regional analysis), and company profiles (company overview, operating business segments, product portfolio, financial performance, and latest strategic moves and developments.)
Research Dive is a market research firm based in Pune, India . Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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