Global Agricultural Biotechnology Market Size, Share & Trends Analysis Report, Forecast Period, 2024-2031

The Agricultural Biotechnology market is experiencing robust expansion, with market size projected to increase from 2023 to 2031, demonstrating a consistent year-over-year growth rate of 8.80% Agricultural Biotechnology Market Size, Share, Competitive Landscape and Trend Analysis Report, by Types (Crop protection products, Biostimulants, Biopesticides, Transgenic Seeds, Soybean, Maize, Cotton, Others, Synthetic Biology-Enables Products), by applications (Vaccine Development, Transgenic Crops & Animals, Antibiotic Development, Nutritional Supplements, Flower Culturing, Biofuels) ,by Technology (Genome Editing, Synthetic Biology, Genetic Engineering, Marker-assisted Breeding, Plant Breeding, Germplasm, Other Technologies), by Organisms (Plants, Conventional Techniques, Established Genetic Modification, New Breeding Techniques, Animals, Conventional Techniques, Established Genetic Modification, New Breeding Techniques, Microbes, Conventional Techniques, Established Genetic Modification, New Breeding Techniques) ,by Trait Type (Stacked, Herbicide-tolerant, Insect-resistant, Desirable and Virus-resistant) And regions ({regionNms}) : Industry Forecast and Opportunity Analysis for 2023 - 2031

The scope of the worldwide agricultural biotechnology market also includes the use of scientific methods to alter and enhance various agricultural organisms, including plants, animals, and microbes. This branch of agriculture known as agricultural biotechnology utilises techniques like gene manipulation, tissue culture techniques, and modification through the transfer of DNA into cells to engineer organisms such as crops, which have very specific traits such as high yield, attacks of pests and diseases, nutrition enhancements, and stress tolerance. There are many areas in agriculture that these technologies can solve as a huge concern, such as food security, climate change issues, and resources available. In agricultural biotechnology, it is possible to enhance the yield of crops, decrease the use of chemical controls, and create agricultural systems that are more efficient, more sustainable, and more adaptive to environmental stresses. With the increasing demand for sustainable and effective food production systems, it is forecasted that the agricultural biotechnology market will register growth with the increases in the world’s population, urbanisation, and embrace of new agricultural technologies.

Agricultural Biotechnology Report Highlights

Report Metrics	Details
Forecast period	2019-2031
Base Year Of Estimation	2023
Growth Rate	CAGR of 8.80%
By Product Type	Crop protection products, Biostimulants, Biopesticides, Transgenic Seeds, Soybean, Maize, Cotton, Others, Synthetic Biology-Enables Products
Key Market Players	KWS SAAT SE & Co. KGaA (Germany) Dow (U.S.) Bayer AG (Germany) BASF SE (Germany) Thermo Fisher Scientific (U.S.) Sumitomo Chemical Co., Ltd (Japan) MITSUI & CO., LTD. (Japan) Novozymes (Denmark) Yield10 Bioscience Inc (U.S.) Kemin Industries Inc. (U.S.) Valent Biosciences (U.S.) Corteva (U.S.) DSM (Netherland) ADAMA (Israel) Cargill, Incorporated (U.S.) Nufarm Canada (Canada) DuPont. (U.S.) Eurofins (Luxembourg)
By Region

Agricultural Biotechnology Market Trends

The agricultural biotechnology sector is expanding significantly owing to the increasing need for crop productivity, pest-resistant crops, and climate-friendly plants. Wave after wave of innovations as genetically engineered (GM) crops, genome editing (CRISPR) technology, and biopesticides are becoming more and more common. These developments are very important for overcoming problems of food security around the world and lessening the harm caused by industrial farming. Furthermore, increasing concern towards sustainable agriculture and the desire to use environmentally friendly agricultural methods are warding off barriers to the harnessing of biotechnological ingenuity in agriculture. As a result, there is also an increasing emphasis on developing nutritionally enriched crops, particularly drought-tolerant and herbicide-tolerant crops, which have attracted huge research and development from private industries as well as governments. The technological edge is held by North America and Europe, while other regions such as Asia Pacific and Latin America are also growing at a fast pace due to increased adoption of biotech solutions. Nevertheless, existing regulatory environments and public views on the usage of GM crops remain key aspects that will influence the growth pattern of the market in the years to come.

Agricultural Biotechnology Market Leading Players

The key players profiled in the report are KWS SAAT SE & Co. KGaA (Germany), Dow (U.S.), Bayer AG (Germany), BASF SE (Germany), Thermo Fisher Scientific (U.S.), Sumitomo Chemical Co., Ltd (Japan), MITSUI & CO., LTD. (Japan), Novozymes (Denmark), Yield10 Bioscience Inc (U.S.), Kemin Industries Inc. (U.S.), Valent Biosciences (U.S.), Corteva (U.S.), DSM (Netherland), ADAMA (Israel), Cargill, Incorporated (U.S.), Nufarm Canada (Canada), DuPont. (U.S.), Eurofins (Luxembourg)

Growth Accelerators

The growth of agricultural biotechnology is influenced by the increased food demand globally as a result of population growth and the inadequacy of arable land. This has resulted in an increase in the use of crops that have been genetically modified (GMO) to provide more, withstand pests, and survive extreme weather. Furthermore, biotechnology solutions such as CRISPR and gene editing tools have resulted in improved crop quality and efficiency, which in turn has led to an increased market. On the other hand, changes such as climate change and the need to adopt farming practices that are eco-friendly compel the use of bioengineered ways to manage resources and regulate the use of chemicals. In addition, development within the field of bioinformatics and synthetic biology is enhancing the development of innovative crops, crop protection, and precision agriculture. There's an increased consumption of biotech crops in most developing countries, along with their approvals, which remain another important factor driving the market.

Agricultural Biotechnology Market Segmentation analysis

The Global Agricultural Biotechnology is segmented by Type, Application, and Region.
By Type, the market is divided into Distributed Crop protection products, Biostimulants, Biopesticides, Transgenic Seeds, Soybean, Maize, Cotton, Others, Synthetic Biology-Enables Products . The Application segment categorizes the market based on its usage such as Vaccine Development, Transgenic Crops & Animals, Antibiotic Development, Nutritional Supplements, Flower Culturing, Biofuels. Geographically, the market is assessed across key Regions like {regionNms} and others, each presenting distinct growth opportunities and challenges influenced by the regions.

Competitive Landscape

The agricultural biotechnology sector experiences stiff competition brought about by the advancement of tools and processes brought about by the pursuit of genetic engineering and molecular markers, among others. Bayer CropScience, Syngenta, BASF, and Corteva Agriscience seem to be the frontrunners in the incidences of genetically modified crops, bio-pesticides, and trait enhancement, respectively. New and smaller biotechnology businesses are quickly appearing, too, eager to compete in new technologies such as CRISPR, microbials, and even precision agriculture. Moreover, innovation is greatly enhanced through collaborations and partnerships between various stakeholders like corporate organisations, research institutions, and even governments. The competitive landscape is also affected by such aspects as policies, IP protection, and the degree to which the public in each region accepts GM foods. Although North America holds the largest market, owing to the developed R&D sectors in the continent, the Asia Pacific region is expanding at a higher rate, fuelled by an increase in food requirements and government policy promoting biotechnology. The players in this market are also responding to the need for these sustainable solutions in agriculture for control of climatic change and to enhance the crops’ resistance, among other reasons.

Challenges In Agricultural Biotechnology Market

Several challenges are experienced in the agricultural biotechnology market, one of which may be considered the most significant: regulatory barriers. There are different levels of restrictions over the approval of genetically modified (GM) crops and biotechnologically derived products in different regions of the world, which tends to hamper international trade and hinder further developments. Moreover, the health hazards associated with GM crops and the ethics involved may deter consumers from fully embracing them, which may hinder market penetration. Also, the issue of labelling genetically modified (GM) products is controversial since it affects why consumers buy certain products and what measures or guidelines policies should take. Yearly billions are lost due to the challenge of high expenses related to research and development (R&D). A lot of resources must be put into conducting scientific research and trials and overcoming regulatory obstacles when creating new agricultural biotechnology solutions, such as developing pest- or drought-resistant crops. This can be quite a strain, particularly so for smaller players in the market, leading to the limitation of the market to a few large incumbent firms.

Risks & Prospects in Agricultural Biotechnology Market

The agricultural biotechnology market is ripe with prospects due to the pressing need for below-range sustainable food production systems in the ever-increasing global population. Most opportunities are in the area of innovations of genetically modified (GM) crops with higher yields, improved protection against pests, and enhanced nutritional value. As climate change interferes with agricultural practices, biotechnology can also support the creation of new plant varieties that will survive drought, salt, or inclement weather. With the increasing use of precision agriculture techniques and biopesticides, the growth prospects for the market are even more pronounced. As if that were not enough, the stark reality of soaring demand for biofuels that can only be produced from genetically altered plants similarly provides a market segment that promises enormous fortunes. Industries global hope for technologies like CRISPR where able to make genetically modified crops that grow better than the previous versions will translate to improving the bottom line of the enterprises while caring for the environment. The Agri-biotech industry is also hot due to provisions in some countries aimed at encouraging the adoption of agricultural biotechnology for food security and agricultural development.

Key Target Audience

Farmers, agricultural companies, and biotech companies aiming at increasing crop productivity, pests, and environmental effects form the main target audience of the agricultural biotechnology market. These categories of people seek genetically engineered seeds, biopesticides and biofertilizers so that production is improved and chemical inputs are minimized.,, Government bodies and policymakers are another major audience as they control and encourage the use of agricultural biotechnology to enhance food production and conserve the environment. Also, there are investors and venture capitalists who are main players in the ecosystem, wishing to finance projects that will reach the market quickly and broadly.

Merger and acquisition

In the last few years, business phases of the agricultural biotechnology market have been marked by a large number of mergers and acquisitions. Domestically and internationally, this has been driven by the need for innovation and the benefits of consolidation. It is no surprise that Bayer, Syngenta (ChemChina), and Corteva Agrisciences (previously known as DowDuPont) remain dominant in the region, and acquisitions are used within regions and outside for the purpose of acquisitions within the areas of genetically modified crops, crop protection systems, and gene editing systems such as CRISPR. Developed These deals are focused on enhancing the efficiency of agricultural activities through increased crop drought resistance, crop yields, and sustainable agricultural practices, which is a critical factor in addressing global hunger issues. In addition, there is also a trend that focusses on regional or niche players. For example, in 2024, Kubota Corporation acquired Bloomfield Robotics. This is an example of traditional equipment manufacturers foraying into biotechnological solutions through precision agriculture. This is parallel to the overall trend within the industry whereby companies offer all-inclusive solutions that include advanced equipment for monitoring crops in order to enhance the uptake of smart farming technologies. This scenario is taking place as the mergers are underway, and with them, the agricultural biotechnology environment is being restructured to enhance competitive advantage to ensure greater efficiency and precision in agriculture.