세계 농업 생명공학 시장 규모는 2022년 1,057억 9,000만 달러로 평가되었고, 예측 기간(2024-2031년) 동안 8.8%의 연평균 복합 성장률(CAGR)로 2023년 1,160억 달러에서 2031년 2,277억 7,000만 달러로 상승할 것으로 예상됩니다.
농업 생명공학 시장은 빠르게 증가하는 세계 인구에 힘입어 향후 몇 년동안 혁신적인 농업 솔루션에 대한 수요가 증가할 것으로 예상됨에 따라 큰 성장이 예상됩니다. 첨단 농업 기술 연구개발에 대한 투자 증가는 이 기간과 그 이후에도 시장 확대를 더욱 촉진할 것으로 예상됩니다. 또한, 기후 변화로 인한 농작물의 스트레스 증가로 인해 농업 생명공학 기업들이 새로운 활로를 모색할 가능성이 높아지고 있습니다. 바이오 농산물에 대한 세계 각국의 의욕이 높아짐에 따라 이 분야의 지속적인 기술 혁신이 촉진될 것으로 예상됩니다. 또한, 각국 정부가 농업 생산량 증대를 위한 지원책을 도입하면서 바이오테크 기업들에게 새로운 기회가 창출되고 있습니다. 그러나 신흥국에서의 채택률의 한계, 특정 바이오테크놀러지를 둘러싼 윤리적 문제, 지적 재산권의 복잡성 등의 문제는 시장의 장기적인 성장 잠재력을 저해할 수 있습니다. 전반적으로 시장 환경은 이러한 역동적인 시장 역학 속에서 긍정적으로 진화할 것으로 보이지만, 광범위한 수용과 도입에 영향을 미칠 수 있는 장벽에 대한 대응에 주의를 기울일 필요가 있습니다.
Global Agricultural Biotechnology Market was valued at USD 105.79 Billion in 2022 and is expected to rise from USD 116 Billion in 2023 to USD 227.77 Billion by 2031, at a CAGR of 8.8% during the forecast period (2024-2031).
The agricultural biotechnology market is poised for significant growth driven by the rapidly expanding global population, which is anticipated to heighten the demand for innovative agricultural solutions in the coming years. Increased investments in research and development of advanced agricultural technologies will further bolster market expansion throughout this period and beyond. Additionally, the mounting stress on crops from changing climatic conditions is likely to unveil new avenues for agricultural biotechnology firms. The rising global appetite for bio-based agricultural products is expected to stimulate ongoing innovation within the sector. Furthermore, governments worldwide are introducing supportive initiatives aimed at enhancing agricultural yields, creating additional opportunities for biotechnology companies. However, challenges such as limited adoption rates in developing nations, ethical concerns surrounding certain biotechnological practices, and intellectual property complexities may impede the market's long-term growth potential. Overall, while the agricultural biotechnology landscape is set to evolve positively amidst these dynamic market forces, attention must be given to addressing the barriers that could impact its broader acceptance and implementation.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Agricultural Biotechnology market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Agricultural Biotechnology Market Segmental Analysis
Global Agricultural Biotechnology Market is segmented by Technology, Application, Organism Types and region. Based on Technology, the market is segmented into Genetic Engineering, Tissue Culture, Embryo Rescue, Somatic Hybridization, Molecular Diagnostics, Vaccine, and Others. Based on Application, the market is segmented into Vaccine Development, Transgenic Crops & Animals, Antibiotic Development, Nutritional Supplements, Flower Culturing, and Biofuels. Based on Organism Types, the market is segmented into Plants, Animals, and Microbes. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Driver of the Global Agricultural Biotechnology Market
The burgeoning global population, characterized by increased life expectancy and rising birth rates, significantly drives the demand for food products, creating a pressing need for innovative agricultural solutions. This escalating demand positions agricultural biotechnology as a pivotal market driver, as it offers advanced techniques to enhance crop yields, improve resistance to pests and diseases, and optimize resource use. Consequently, biotechnology companies are presented with lucrative opportunities to develop genetically modified organisms (GMOs) and biopesticides that can sustainably meet the food needs of the growing populace. As such, the intersection of population growth and food security is fostering a dynamic environment for advancements in agricultural biotechnology.
Restraints in the Global Agricultural Biotechnology Market
The Global Agricultural Biotechnology market faces significant restraint due to growing ethical concerns surrounding genetic engineering practices. As biotechnological advances modify various organisms, public apprehension regarding the potential long-term impacts on biodiversity, food safety, and ecological balance has intensified. This skepticism, fed by fears of "playing God" with nature, has sparked vigorous opposition from environmental and consumer advocacy groups. Consequently, regulatory hurdles and public backlash hinder the adoption of biotechnology in agriculture, stalling innovation and market growth. As consumers increasingly prioritize sustainability and transparency, agricultural biotechnology companies must navigate these complex societal sentiments to improve acceptance and usage of their products.
Market Trends of the Global Agricultural Biotechnology Market
The Global Agricultural Biotechnology market is witnessing a significant trend towards the adoption of precision agriculture practices, aimed at enhancing agricultural yield and output. This shift is driven by a growing global population and the urgent need for sustainable farming solutions. Agricultural biotechnology companies are poised to capitalize on this opportunity by integrating advanced biotechnological innovations with established precision farming techniques. As stakeholders recognize the importance of efficiency and sustainability, the synergy between biotechnology and precision agriculture is expected to foster widespread adoption. This dynamic landscape is likely to propel market growth, nurturing greater awareness and adoption of cutting-edge agricultural solutions worldwide.