Agricultural Biotechnology Market: Size, Share, Trends & Forecast (2024-2029) 

The market report offers a detailed analysis segmented by Organism Type (Plants, Animals, Microbes); by Technology (Genome Editing, Synthetic Biology, Genetic Engineering, Marker-Assisted Breeding, Plant Breeding, Germplasm, Others); by Application (Vaccine Development, Transgenic Crops and Animals, Antibiotic Development, Nutritional Supplements, Flower Culturing, Others); by Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa).

Outlook 

• The agricultural biotechnology market is estimated to be at USD 152.97 Bn in 2024 and is anticipated to reach USD 237.69 Bn in 2029. 

• The agricultural biotechnology market is registering a CAGR of 9.21% during the forecast period of 2024-2029. 

• The global agricultural biotechnology market is booming, driven by demands for higher crop yields and better pest and disease resistance. Advances in genetic engineering, biopesticides, and molecular markers, along with the rising adoption of GM crops and sustainable practices, are fueling this growth. 

Request a free sample. 

Ecosystem 

• Participants in the global agricultural biotechnology industry are continuously developing strategies to preserve a competitive advantage. 

• These companies are enhancing agricultural biotechnology, driving the market through continuous innovation, strategic collaborations, and a focus on sustainability. 

• Several important entities in the agricultural biotechnology market include Syngenta Group; BASF Group; Bayer AG; Dupont De Nemours, Inc.; LGC Science Group Holdings Ltd.; and others. 

Ask for customization. 

Findings 

Attributes	Values
Historical Period	2018-2022
Base Year	2023
Forecast Period	2024-2029
Market Size (2024)	USD 152.97 Bn
Market Size (2029)	USD 237.69 Bn
Growth Rate	9.21% CAGR from 2024 to 2029
Key Segments	Organism Type (Plants, Animals, Microbes); Technology (Genome Editing, Synthetic Biology, Genetic Engineering, Marker-Assisted Breeding, Plant Breeding, Germplasm, Others); Application (Vaccine Development, Transgenic Crops and Animals, Antibiotic Development, Nutritional Supplements, Flower Culturing, Others); Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa)
Key Vendors	Syngenta Group; BASF Group; Bayer AG; Dupont De Nemours, Inc.; LGC Science Group Holdings Ltd.
Key Countries	The US; Canada; Mexico; Brazil; Argentina; China; India; Japan; South Korea; The UK; Germany; Italy; France; Spain; Israel; UAE; Saudi Arabia; Egypt; South Africa
Largest Market	North America

Get a free quote. 

Trends  

• Artificial Intelligence and Big Data: AI and big data analytics are rapidly becoming integral to agricultural biotechnology, driving advancements in precision farming. This integration enables more accurate crop monitoring, optimized resource management, and improved yield predictions, transforming traditional farming practices and enhancing sustainability. 

• Vertical Farming Techniques: Vertical farming, which utilizes biotechnology for high-yield, space-efficient crop production, is gaining popularity in urban areas. In 2024, Bowery Farming expanded its vertical farming operations using genetically engineered crops to optimize growth in controlled environments. 

• CRISPR-based Gene Editing: Clustered Regularly Interspaced Short Palindromic Repeats- Associated Protein 9 (CRISPR-Cas9) technology is increasingly prominent in developing genetically modified crops, revolutionizing plant breeding with precision and efficiency. This trend enhances crop resilience, improves nutritional content, and accelerates the development of new varieties. 

Speak to analyst. 

Catalysts 

• Rising Global Food Demand: The expanding global population and the urgent need for food security are fueling the rapid adoption of agricultural biotechnology. Innovations in this field are critical for increasing crop yields, enhancing nutritional quality, and developing climate-resilient crops, which are essential for meeting the demands of a growing and increasingly urbanized world. 

• Global Shift Towards Bio-Based Agriculture: The shift towards sustainable farming practices is encouraging the adoption of bio-pesticides and bio-fertilizers. In 2023, the European Union launched a Green Deal initiative promoting the use of bio-based agricultural inputs, further driving the demand for agricultural biotechnology solutions. 

• Advancements in Genetic Engineering: Advancements in genetic engineering, particularly with techniques like CRISPR-Cas9, are significantly improving crop traits such as pest resistance, drought tolerance, and nutritional value. These innovations are driving market growth by enabling more resilient and nutritious crops, addressing both environmental challenges and evolving consumer demands in the agricultural sector. 

Inquire before buying. 

Restraints 

• Limited Adoption in Developing Regions: Despite its advantages, the adoption of agricultural biotechnology in developing regions faces challenges due to insufficient infrastructure, limited technical expertise, and inadequate regulatory frameworks. These barriers hinder the widespread implementation of innovative technologies that could significantly boost agricultural productivity and food security in these areas. 

• High Research and Development Costs: The development of new biotech crops demands substantial investment in research and development (R&D), which is a significant barrier for many companies. High costs associated with advanced technologies, lengthy research processes, and regulatory approvals pose challenges, potentially limiting innovation and slowing market advancement in the agricultural biotechnology sector. 

• Regulatory Hurdles and Public Perception: Strict regulatory frameworks and public concerns regarding the safety of GMOs pose significant challenges to the market. In 2023, France reaffirmed its ban on genetically modified crops, citing environmental and health concerns and highlighting the regulatory barriers faced by the industry. 

Personalize this research. 

Hotspot 

Explore purchase options. 

Table of Contents 

1.       Introduction         1.1.    Research Methodology         1.2.    Scope of the Study  2.       Market Overview / Executive Summary         2.1.    Global Agricultural Biotechnology Market (2018 – 2022)         2.2.    Global Agricultural Biotechnology Market (2023 – 2029)  3.       Market Segmentation         3.1.    Global Agricultural Biotechnology Market by Organism Type                3.1.1.    Plants                3.1.2.    Animals                3.1.3.    Microbes         3.2.    Global Agricultural Biotechnology Market by Technology                3.2.1.    Genome Editing                3.2.2.    Synthetic Biology                3.2.3.    Genetic Engineering                3.2.4.    Marker-Assisted Breeding                3.2.5.    Plant Breeding                3.2.6.    Germplasm                3.2.7.    Others         3.3.    Global Agricultural Biotechnology Market by Application                3.3.1.    Vaccine Development                3.3.2.    Transgenic Crops and Animals                3.3.3.    Antibiotic Development                3.3.4.    Nutritional Supplements                3.3.5.    Flower Culturing                3.3.6.    Others  4.       Regional Segmentation         4.1.    North America                4.1.1.    The US                4.1.2.    Canada                4.1.3.    Mexico         4.2.    South America                4.2.1.    Brazil                4.2.2.    Argentina                4.2.3.    Colombia                4.2.4.    Chile                4.2.5.    Rest of South America         4.3.    Asia Pacific                4.3.1.    China                4.3.2.    India                4.3.3.    Japan                4.3.4.    South Korea                4.3.5.    Rest of Asia Pacific         4.4.    Europe                4.4.1.    The UK                 4.4.2.    Germany                4.4.3.    Italy                4.4.4.    France                4.4.5.    Spain                4.4.6.    Rest of Europe         4.5.    The Middle East                4.5.1.    Turkey                4.5.2.    UAE                4.5.3.    Saudi Arabia                4.5.4.    Rest of the Middle East         4.6.    Africa                4.6.1.    Egypt                4.6.2.    South Africa                4.6.3.    Rest of Africa  5.       Value Chain Analysis of the Global Agricultural Biotechnology Market  6.       Porter Five Forces Analysis         6.1.    Threats of New Entrants         6.2.    Threats of Substitutes         6.3.    Bargaining Power of Buyers         6.4.    Bargaining Power of Suppliers         6.5.    Competition in the Industry  7.       Trends, Drivers and Challenges Analysis         7.1.    Market Trends         7.1.1.    Market Trend 1         7.1.2.    Market Trend 2         7.1.3.    Market Trend 3         7.2.    Market Drivers         7.2.1.    Market Driver 1         7.2.2.    Market Driver 2         7.2.3.    Market Driver 3         7.3.    Market Challenges         7.3.1.    Market Challenge 1         7.3.2.    Market Challenge 2         7.3.3.    Market Challenge 3  8.       Opportunities Analysis         8.1.    Market Opportunity 1         8.2.    Market Opportunity 2         8.3.    Market Opportunity 3  9.       Competitive Landscape         9.1.    Syngenta Group         9.2.    BASF Group         9.3.    Bayer AG         9.4.    Dupont De Nemours, Inc.         9.5.    LGC Science Group Holdings Ltd.         9.6.    Company 6         9.7.    Company 7         9.8.    Company 8         9.9.    Company 9         9.10.  Company 10

Know the research methodology.

Agricultural Biotechnology Market – FAQs

1.  What is the current size of the agricultural biotechnology market? 

Ans. In 2024, the agricultural biotechnology market size is USD 152.97 Bn. 

2.  Who are the major vendors in the agricultural biotechnology market?  

Ans. The major vendors in the agricultural biotechnology market are Syngenta Group; BASF Group; Bayer AG; Dupont De Nemours, Inc.; LGC Science Group Holdings Ltd. 

3.  Which segments are covered under the agricultural biotechnology market segments analysis?  

Ans. The agricultural biotechnology market report offers in-depth insights into Organism Type, Technology, Application, and Geography.