Agriculture Biotechnology also known as agri-biotech or agritech, is a branch of biotechnology that involves the application of scientific techniques and principles to improve agricultural productivity, efficiency, and sustainability. It combines various biological and genetic processes to enhance plant and animal breeding, crop production, and animal husbandry. Traditional breeding methods can be slow and limited by natural genetic variability.

Challenges to traditional agricultural methods include a lack of arable land, a lack of water, and climate change. Increased production and efficiency result from using the tools that biotechnology offers to create crops and livestock that are more suited to these difficulties. As the world's population continues to grow, there is an increasing demand for food. Agricultural biotechnology offers solutions to improve crop yields, enhance nutritional content, and develop more resilient and productive crops to meet the global food demand for Agriculture Biotechnology Market.

The report “Agriculture Biotechnology Market, By Type (Molecular Diagnostics, Molecular Markers, Tissue Culture, Vaccines, and Genetic Engineering), By Application (Transgenic Crops and Synthetic Biology-Enabled Products), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

 Key Highlights:

• In June 2023, Godrej Agrovet (GAVL)’s Crop Protection Business today announced that its bio-stimulant, Double, has completed 25 years of enabling better yield for Indian farmers. Over the past 25 years, the crop protection company stated that Double had treated three crore acres of Indian agriculture and improved the lives of two crore farming families. Additionally, the company unveiled a commemorative pack to honour Double's 25 years in business and its commitment to better farming as well as safeguarding farmers against imitation goods.
• In July 2023, The Bill & Melinda Gates Foundation, Innovation Industries, Korys Investments, and BNP Paribas Fortis are among the investors who contributed to Aphea.Bio's €70 million Series C funding round. Aphea.Bio is a Belgian agricultural biotech firm that creates pesticide substitutes to increase crop growth. Additionally, previous investors ECBF and Astanor contributed.

Analyst View:

The integration of biotechnology with precision agriculture technologies and big data analytics can lead to more data-driven and targeted farming practices, optimizing inputs, reducing waste, and increasing overall productivity. Consumers and governments are increasingly emphasizing sustainable agricultural practices. Biotechnology offers opportunities to reduce chemical inputs, enhance resource efficiency, and promote eco-friendly farming practices. Overall, the future growth of Agricultural Biotechnology Market will depend on the industry's ability to address these challenges, deliver tangible benefits to farmers and consumers, and demonstrate a commitment to sustainable and ethical practices.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Agriculture Biotechnology Market, By Type (Molecular Diagnostics, Molecular Markers, Tissue Culture, Vaccines, and Genetic Engineering), By Application (Transgenic Crops and Synthetic Biology-Enabled Products), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

Key Market Insights from the report:

Agriculture Biotechnology Market accounted for US$ 120 Billion in 2024 and is estimated to be US$ 237 Billion by 2034 and is anticipated to register a CAGR of 7.80%. Agriculture Biotechnology Market is segmented based on Type, Application and Region.

• Based on Type, Agriculture Biotechnology Market is segmented into Molecular Diagnostics, Molecular Markers, Tissue Culture, Vaccines, and Genetic Engineering.
• Based on Application, Agriculture Biotechnology Market is segmented into Transgenic Crops and Synthetic Biology-Enabled Products.
• By Region, the Agriculture Biotechnology Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Agriculture Biotechnology Market:

The prominent players operating in the Agriculture Biotechnology Market includes, Pfizer, Inc., Roche, Inc., Sanofi, Inc., Johnson & Johnson, Merck & Co. (MSD), Novartis AG, AbbVie, Inc., Gilead Sciences, GlaxoSmithKline (GSK), Amgen and others.

To know more

Contact Us:

Sales

Prophecy Market Insights

U.S: 1 860 531 2574

RoW: 91 7775049802

Email- sales@prophecymarketinsights.com

Website- www.prophecymarketinsights.com

Blog- www.prophecyjournals.com