The global agricultural biotechnology market will grow at a CAGR of 11.40% during the forecast period 2018 to 2027. As per agricultural biotechnology industry analysts, the global agricultural biotechnology industry is anticipated to witness growth owing to the factors such as the increasing cultivation of biotech crops as well as high investment in agriculture research and development. However, the agricultural biotechnology market will face challenges and restraints due to the unfavorable scenario of the cultivation and genetically engineered crops during the forecast period 2018 to 2022.
The growing demand for agricultural biotechnology in the market will support the growth. As per market analysts, the market based companies will face certain challenges during the forecast period 2018 to 2027. The market research report provides in-depth analysis of the technique, application, and type segments. The market research report presents factors such as strict regulations and rules that could slow down the market's growth.
Market Segmentation
The market has been segmented into technique, application, and type. Based on the segment which is type, the market is categorized on the basis of cotton, maize, soybean, and others. The global market for agricultural biotechnology is further segmented based on application into herbicide tolerance, insect tolerance, stacked traits, and others. Furthermore, the market, on the basis of technique, is segmented into molecular breeding, molecular diagnostics, tissue culture, and genetic engineering.
The agricultural biotechnology industry report offers comprehensive study of the market segments including technique, application, and type. The analysts have also studied the market's spread across the regional markets across many of the market’s segments at country levels. The technique, application, and type segments spread across the market along with the subsegments are studied. The global market for agricultural biotechnology is spread across various product and service based segments. The market research report highlights these key segments and offers forecasts based on primary and secondary data. The global agricultural biotechnology industry research report presents key company profiles of organizations active across the market.
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Regional Overview
The lack of awareness among people may hinder the agricultural biotechnology industry growth. The market research report suggests that companies in the market could be supported by the increasing cultivation of biotech crops as well as the rapid adoption of biotech crops during the forecast period. The market is set to register growth at a high CAGR owing to these key factors. The market is spread across North America, Europe, Asia-Pacific, and other parts of the world. As per analysts, the market is set to witness tremendous growth across technique, application, and type segments. The global market’s North American region covers markets across the United States, Mexico, Canada, and others. Businesses present in the market are also profiled and their strategies have been presented in detail in the market research report.
The agricultural biotechnology industry across the European region covers Italy, France, Germany, and the United Kingdom. Furthermore, the market research report provides details about the APAC region covering markets from China, India, Australia, Japan, and others. The market is also active across several other parts of the world. The market report covers all these key regions including the Middle East, Africa, Brazil, and others active in the global agricultural biotechnology industry.
Competitive Landscape
Agricultural biotechnology has seen tremendous growth, due to the increasing cultivation of biotech crops and the adoption of biotech crops. However, slow economic growth conditions and low awareness levels would challenge the companies active in the market. Furthermore, companies using growth strategies to stay ahead in the global market are expected to help the market during the forecast period 2018 to 2022. As the market report suggests that the agricultural biotechnology industry will register a CAGR of 10.10% by 2022, the market report highlights key areas market based companies need to focus on. The market research report projects a long term growth till 2022. Based on the market’s analysis on the basis of SWOT and Porters’ Five Force Model, the market will rise during the forecast period 2018 to 2022, however the companies need to move ahead with caution. The market research report highlights such key areas.
Industry News
Pressure BioSciences, Inc, a leading global biotechnology, biotherapeutics, nutraceuticals, cosmetics, agriculture and food/ beverage manufactures developer and seller of compact, pressure-based instruments, consumables and platform solutions, today announces that it signed an intention letter to purchase and supply the assets of an international developer.
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