Global Agricultural Biotechnology Market is Expected to Reach USD 28,694.1 Million in 2019

Transparency Market Research Agricultural Biotechnology Market For Transgenic Crops , Synthetic Biology-Enabled Products and Tools - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 Published Date 2014-05-12

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Global Agricultural Biotechnology Market is Expected to Reach USD 28,694.1 Million in 2019 Transparency Market Research State Tower, 90, State Street, Suite 700.

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global-agricultural-biotechnology-market

REPORT DESCRIPTION

According to a new market report published by Transparency Market Research (www.transparencymarketresearch.com) “Agricultural Biotechnology Market For Transgenic Crops (Corn, Soybean, Cotton and Others), Synthetic Biology-Enabled Products and Tools – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,”the global agricultural biotechnology market was valued at USD 15,300 million in 2012 and is expected to reach USD 28,694.1 million by 2019, growing at a CAGR of 9.5% from 2013 to 2019.

Demand for food production has increased significantly due to rise in global population. This is one of the major drivers for growth in the agricultural biotechnology market. Furthermore, growing demand for biofuels due to depleting conventional resources is further boosting the global agricultural biotechnology market. However, strong opposition of GM crops in Europe is estimated to hamper market growth. global-agricultural-biotechnology-market-revenue-share-by-geography-2012-and-2019 The global agricultural biotechnology market was dominated by North America due to high cultivation of GM crops and acceptance of these crops by consumers. North America accounted for 32.5% of the market share in 2012. Europe consumes substantial amount of GM crops for animal feed, which is imported from Brazil and the U.S. However, there is hardly any production of GM crops in Europe due to stringent regulations and strong opposition from consumers. Asia Pacific market is projected to reach USD 7,810.5 million by 2019. Growth in demand for food in Asia coupled with rapid growth in industrialization is expected to boost the agricultural biotechnology market in Asia Pacific. Large scale production of transgenic crops is expected to drive the RoW market during the forecast period.

Transgenic crops or GM crops emerged as the largest application of the agricultural biotechnology market.

Rising demand for food production coupled with decrease in arable land is anticipated to drive the transgenic crops application. The global agricultural biotechnology market for transgenic crops is anticipated to grow at a CAGR of 9.6% from 2013 to 2019. Synthetic biology-enabled products and tools accounted for smaller share of the market in 2012.

Soybean and corn are the most widely consumed GM crops globally. Rising demand for animal feed due to increasing consumption of meat is expected to drive the market for these crops. The market for transgenic corn is expected to grow at a CAGR of 9.6% from 2013 to 2019. Other crops which mainly includes rapeseed, potato, alfalfa and sugar beet accounted for 10.9% revenue share in 2012.

The overall agricultural market is consolidated as top three players accounted for nearly 48% of the market in 2012. Key industry participants include Monsanto, DuPont Pioneer Hi-Bred, Syngenta, Dow AgroSciences, Vilmorin, Bayer CropScience, Certis USA, Evogene Ltd, and KWS SAAT AG among others.

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This report segments the global agricultural biotechnology market as follows: Agricultural Biotechnology Market: Application Analysis Transgenic crops Corn Soybean Cotton

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Others Synthetic biology-enabled products Tools Agricultural Biotechnology Market: Regional Analysis North America Europe Asia Pacific Rest of the World Request a Sample of this Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=598 About Us Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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