Agricultural Biotechnology Market To Evolve At An Impressive 8.8% CAGR Through 2031 | Skyquest Technology
Agricultural Biotechnology Market To Evolve At An Impressive 8.8% CAGR Through 2031 | Skyquest Technology . (MENAFN - GlobeNewsWire - Nasdaq) Rapidly increasing global population is forecasted to augment the demand for agricultural biotechnology over the coming years.Westford, USA, Nov. 22, 2024 (GLOBE ...
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(MENAFN- GlobeNewsWire - Nasdaq) Rapidly increasing global population is forecasted to augment the demand for agricultural biotechnology over the coming years. Westford, USA, Nov. 22, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the agricultural biotechnology size will attain a value of USD 227.77 billion by 2031 , with a CAGR of 8.8% over the forecast period (2024-2031). Rapidly increasing global demand for food owing to the rising global population and emphasis on improving agricultural yield are slated to bolster agricultural biotechnology market growth over the coming years. Bio-based agricultural biotechnology products are estimated to be highly sought-after in the long run. Browse in-depth TOC on "Agricultural Biotechnology Market"

Pages - 168

Tables - 97 Figures – 68

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Report Coverage Details Market Revenue in 2023 $ 116 Billion Estimated Value by 2031 $ 227.77 Billion Growth Rate Poised to grow at a CAGR of 8.8% Forecast Period 2024–2031 Forecast Units Value (USD Billion) Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends Segments Covered Technology, Application, Organism Types, and Region Geographies Covered North America, Europe, Asia Pacific, and the Rest of the world Report Highlights Surging demand for food products around the world Key Market Opportunities Adoption of precision agriculture practices Key Market Drivers High emphasis on improving agricultural yield

Efforts to Improve Disease Resistance Allows Transgenic Crops & Animals to Lead Revenue Generation

Surging prevalence of diseases among crops and animals resulting in the loss of yield is projected to bolster the demand for disease resistance. Use of genetic engineering to create genetically altered crops is forecasted to aid the dominance of transgenic crops & animals segment going forward thereby allowing it to hold a high agricultural biotechnology market share as well.

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Rising Awareness Regarding Animal Health Boosts Demand for Agricultural Biotechnology in Animals

Growing consumption of animal-based food products and rising awareness regarding importance of animal health are expected to create new opportunities for agricultural biotechnology companies via this segment. Vaccine development is slated to open up new avenues of business for agricultural biotechnology companies focusing on this segment in the long run.

High Spending on Agricultural Biotechnology R&D Helps North America Lead Global Demand Outlook

The presence of top agricultural biotechnology companies coupled with robust investments in agricultural biotechnology research allows North America to secure the top spot. Efforts to maximize agricultural yield and quick adoption of precision farming practices are also estimated to help bolster agricultural biotechnology market outlook in this region. The United States is slated to remain the leading market for agricultural biotechnology providers in North America.

Agricultural Biotechnology Market Insights:

Drivers



Surging demand for food around the world

Rapid changes in global climatic conditions Growing emphasis on improving agricultural yield



Restraints



Ethical concerns regarding agricultural biotechnology

Limited adoption in developing countries Intellectual property concerns



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Prominent Players in Agricultural Biotechnology Market



Arcadia Biosciences

Thermo Fisher Scientific

Marrone Bio Innovations

ADAMA Ltd.

Nufarm

Evogene Ltd.

Performance Plants Inc.

Limagrain

MITSUI & CO. Ltd.

ChemChina

Bayer AG

Corteva

Valent BioSciences LLC

KWS SAAT SE & Co. KGaA

Biocentury Transgene Co., Ltd

Vilmorin & Cie

Eurofins Scientific

LGC Biosearch Technologies Yield10 Bioscience, Inc



Key Questions Answered in Agricultural Biotechnology Market Report



Why is demand for agricultural biotechnology rising around the world?

Which region is most opportune as per this agricultural biotechnology market forecast?

Why are developing countries lagging in this industry? Which key companies are listed in this agricultural biotechnology market analysis?

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This report provides the following insights:

Analysis of key drivers (emphasis on improving reimbursement efficiency, growing use of electronic health records), restraints (data privacy and security concerns, reluctance to change, high costs for installation and maintenance), and opportunities (use of artificial intelligence, standardization of medical terminology) influencing the growth of agricultural biotechnology market.



Market Penetration : All-inclusive analysis of product portfolio of different market players and status of new product launches.

Product Development/Innovation : Elaborate assessment of R&D activities, new product development, and upcoming trends of the agricultural biotechnology market.

Market Development : Detailed analysis of potential regions where the market has potential to grow.

Market Diversification : Comprehensive assessment of new product launches, recent developments, and emerging regional markets. Competitive Landscape : Detailed analysis of growth strategies, revenue analysis, and product innovation by new and established market players.



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SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.

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2024-11-22
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(MENAFN - GlobeNewsWire - Nasdaq) Rapidly increasing global population is forecasted to augment the demand for agricultural biotechnology over the coming years.Westford, USA, Nov. 22, 2024 (GLOBE ...
Agricultural Biotechnology Market To Evolve At An Impressive 8.8% CAGR Through 2031 | Skyquest Technology