Global Agriculture Biotech Market is segmented By Trait (Stacked, Herbicide-Tolerant, Insect-Resistant, Desirable and Virus-Resistant) By Organism (Plants, Animals, Microbes) By Type (Hybrid Seeds, Transgenic Crops, Bio-Pesticides, Bio-Fertilizers) By Technology (Genetic Engineering, Tissue Culture, Embryo Rescue, Somatic Hybridization, Molecular Diagnostics, Vaccine, Others) By Application (Vaccine Development, Transgenic Crops & Animals, Antibiotic Development, Nutritional Supplements, Biofuels, Others) and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Market Overview
Global Agriculture Biotech Market reached US$ 103.2 billion in 2023 and is expected to reach US$ 213.3 billion by 2031, growing with a CAGR of 9.5% during the forecast period 2024-2031.
Biotechnology enables the development of various traits through genetic modification, contributing to improved agricultural productivity. Agricultural biotechnology creates crops that produce more food per acre, reduces crop losses due to pests, diseases and harsh environments, improves the efficiency of food production and increases the nutritional content of crops. It increases yields, reduces losses, and improves the efficiency and sustainability of food production.
Recent advancements in biotechnology, including gene editing techniques like CRISPR-Cas9, have revolutionized crop development, providing precise and efficient methods for enhancing plant genomes and accelerating the development of new and improved crop varieties. Emerging markets that have growing populations and increasing urbanization present significant opportunities for agricultural biotechnology.
North America dominated the global agriculture biotech market with the high adoption of biotech in crop production. According to Congressional Research Service Report March 2021, United States is the largest grower of genetically engineered crops in the world, with around 185 million acres of GE crops planted, accounting for nearly 40% of the total GE crop acreage worldwide.
Market Scope
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Metrics |
Details |
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CAGR |
9.5% |
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Size Available for Years |
2022-2031 |
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Forecast Period |
2024-2031 |
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Data Availability |
Value (US$) |
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Segments Covered |
Trait, Organism, Type, Technology, Application and Region |
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Regions Covered |
North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
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Fastest Growing Region |
Asia-Pacific |
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Largest Region |
North America |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics
Rising Need for Sustainable and Better Agricultural Practices
Agricultural biotechnology offers a promising solution by improving crop yields and reducing post-harvest losses. The demand for crops with improved traits, such as increased yield, resistance to diseases and pests, and tolerance to environmental stress, is also increasing. Developing biotech traits that are tailored to the specific needs of these markets can help address food security challenges and drive market growth.
The adoption of sustainable agriculture practices, such as precision farming, integrated pest control, and conservation agriculture, is also on the rise. Agricultural biotechnology can complement these practices by providing tools and solutions for resource-efficient and environmentally friendly farming methods.
As consumers worldwide become more aware of the negative impact on the environment, the importance of adopting sustainable agricultural practices has become increasingly apparent. Biotechnology offers a range of tools to develop crops more resistant to pests, diseases, and harsh weather conditions, ultimately reducing the need for chemical inputs and promoting eco-friendly farming practices.
Increasing Demand for Agri Products with Rising World Population
The global agriculture biotech market is experiencing growth due to the increasing world population, which leads to a higher demand for food. The US Census Bureau's world population clock estimated that the global population as of September 2022 was 7,922,312,800 people and was estimated to reach 8 billion by mid-November of 2022. With the growing population, there is increasing demand for food globally.
Agricultural biotechnology offers tools and techniques to address this food shortage compared to traditional agricultural practices. Biotechnology offers solutions to improve crop yields, enhance nutritional content, and develop crops that can survive in various environmental conditions, thus helping to meet the food demands of a growing population. It can potentially help feed a growing world by increasing yields, reducing losses, and improving the efficiency and sustainability of food production.
Strict Regulatory Frameworks of Agricultural Biotech
The growth of the global agriculture biotech market is restrained due to several regulatory challenges. The agriculture biotech industry is subject to stringent regulatory frameworks in many countries, which can slow down the approval process for genetically modified crops and other biotech products. The regulations require extensive testing and evaluation of the safety and environmental impacts of biotech innovations, leading to delays in commercialization and increased costs for companies.
Additionally, public concerns about the safety of genetically modified organisms can influence regulatory decisions and consumer acceptance, further complicating market access for biotech products. There is currently no evidence to support the promises made by the biotech industry about GMOs on the market, such as increased yield, enhanced nutrition, drought tolerance or any other positive outcomes for consumers.
The safety of GMOs is generally unknown due to a lack of credible independent long-term feeding studies. As a result, an increasing number of people around the world are choosing to eat organic and non-GMO products. 38 countries have banned the cultivation of GMOs, and 9 of these countries have also banned the import of GMOs, according to the World Population Review 2021.
Segment Analysis
The global agriculture biotech market is segmented based on trait, organism, type, technology, application and region.
High Commercially Success of Genetic Engineering
The global agriculture biotech market is segmented based on technology into genetic engineering, tissue culture, embryo rescue, somatic hybridization, molecular diagnostics, vaccines and others. Genetic engineering technology accounted for the largest share of the global market. Genetic engineering allows precise manipulation of the genetic makeup of plants and animals, enabling the introduction of desirable traits.
GMOs, such as soybeans, corn, and cotton, have been commercially successful in many countries, offering benefits such as increased yields and reduced pesticide use. Companies have invested heavily in genetic engineering research, leading to a wide range of tailored crops. Genetic engineering dominates agriculture due to its versatility, commercial success, and widespread adoption, driving the segment growth.
Geographical Penetration
High Technological Advancements in North America
North America dominated the global agriculture biotech market. Regional countries such as United States have been leading the biotechnology research and development in agriculture for several decades. Farmers in North America have quickly adopted biotech crops such as genetically modified soybeans, corn, and cotton, which offer benefits such as higher yields, pest resistance, and tolerance to herbicides.
According to Congressional Research Service Report March 2021, US has been at the forefront of developing advanced genetic technologies and applying them to crops and livestock. Approximately 90% of canola, corn, cotton, soybean, and sugarbeet acres in United States are planted with GE varieties. Companies in this region have invested a lot in biotech R&D, which has led to the creation of innovative products and technologies.
North America generally has a more supportive regulatory environment for biotech crops than some other regions. Regulatory agencies such as the USDA and FDA (have established clear guidelines for the approval and commercialization of biotech products, thereby facilitating the entry of companies into the market.
Competitive Landscape
The major global players in the market include Agriland Biotech Limited, Future Biotech, SYMBORG CORPORATE, SL, Peptech Biosciences Ltd., Anmol Biotech Private Limited, Futureco Bioscience, BASF SE, MITSUI & CO., LTD., JU Agri Sciences Pvt. Ltd. and Bayer AG.
COVID-19 Impact Analysis
COVID-19 had a mixed impact on the global agriculture biotech market. The halted distribution channels and supply chain negatively impacted the market and created economic crises. COVID-19 impacted agriculture production in 47% of Indian districts. Farmers faced logistical restrictions, labor shortages, and limited access to biotechnology provisions. Global transportation issues severely impacted the export of biotechnology tools.
The high demand for various agricultural products increased the need for better production and technological support, highlighting biotechnology in agriculture. In addition, the support from the government and organizations helped in the market adoption. The US Department of Agriculture offered $31B in aid to over 950K producers to offset losses due to COVID-19. $13.8B was paid to producers for field crops, increasing their purchasing power for biotechnology solutions.
Key Developments
- In April 2024, BIOR Biotech announced its planning to launch a pioneering technology, BIOR, which allows farmers to continuously cultivate soil microorganisms essential for plant growth and soil health. This innovation automates biofertilizer production on farms, minimizing operational costs and maximizing efficiency. The AI-powered machine monitors and controls over 15 essential process parameters during operation to ensure the highest quality biofertilizer.
- In December 2023, The Department of Biotechnology and the Biotechnology Industry Research Assistance Council announced the launch of 14 new biotech-based products. These products have been developed by startups and entrepreneurs across various verticals such as healthcare, diagnostics, medical devices, agriculture, and industrial biotechnology.
- In September 2023, Farm Credit Canada and Natural Products Canada jointly invested C$20 million ($14.9 million) in a Canadian venture capital fund that will exclusively focus on sustainable biotechnology. The fund will invest in various sectors including food, agriculture, and materials, to promote sustainable practices in these industries.
Why Purchase the Report?
- To visualize the global agriculture biotech market segmentation based on trait, organism, type, technology, application and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of agriculture biotech market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as Excel consisting of key products of all the major players.
The global agriculture biotech market report would provide approximately 78 tables, 81 figures, and 230 pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
