Agricultural biotechnology is an area of agriculture that involves the use of scientific tools and processes to improve crop performance. It is also known as Agritech. Agricultural biotechnology is generally utilized to increase the production of agricultural crops. It is a set of various scientific techniques & methods that can be applied to plants or other living things. The use of agricultural-biotechnology to modify the genomic sequence of different crops is widespread. Genetically-modified and transgenic crops are crops that have been distorted in some way. This technique helps to increase the resistance of plants to various viruses & diseases, as well as improve agricultural productivity. With outstanding food quality and high crop yield, agricultural-biotechnology has benefited farmers, producers, and consumers. The increased adoption of biotechnology tools, to modify the characteristics of organisms such as plants, microbes and animals, is expected to be a driving force for the growth of this technology in the market.
Referring to the study, North America Agricultural Biotechnology Market 2020-2030 by Product (Biotech Seeds, Biologicals, Biotechnology Tools), Technology (Genome Editing, Synthetic Biology, Genetic Engineering, Marker-assisted Breeding, Plant Breeding, Germplasm), Application (Foliar Spray, Seed Treatment, Soil Treatment), and Country: Trend Forecast and Growth Opportunity. Some of the key companies operating in the North-America agriculture biotechnology market include KWS SAAT SE & Co. KGaA, Benson Hill Inc., Yield10 Bioscience, Inc., Corteva, Inc., Bayer AG, Isagro Group, Syngenta AG, Evogene Ltd., Performance Plants Inc., Vilmorin & Cie S.A, ADAMA Agricultural Solutions Ltd., DuPont de Nemours, Inc., Isagro Group, Novozymes A/S, Certis USA LLC, Marrone Bio Innovations, Inc., Eurofins Scientific SE and among others.
On the basis of product type, North-America agriculture biotechnology market has been segregated as biotech seeds (biotech seeds by crop type (maize, cotton, alfalfa, papaya, squash, sugar beet, potato, canola), biotech seeds by trait type (insect-resistant traits, herbicide-tolerant traits, virus-resistance traits and desirable traits), biotech seeds by breeding type (gene-edited seeds, transgenic seeds and RNAi-based seeds), synthetic biology-enabled products (enzymes, biofuels, polymers and oil & lubricants), biologicals (biofertilizers, biopesticides, genetic biologicals and biostimulants) and biotechnology tools (gene editing, DNA sequencing, synthetic biology, biochips and RNA interference). On the basis of application, market has been segregated as seed treatment, foliar spray and soil treatment. In addition, on the basis of technology, market has been segregated as marker-assisted breeding, genome editing, plant breeding, synthetic biology, germplasm, and genetic engineering.
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The North-America agriculture biotechnology market is driven by growth in adoption of genetically modified (GM) crops, followed by rise in demand for innovative breeding techniques, increase in disposable income of people and growth in adoption of enhanced technologies for crop cultivation. However, strict regulations imposed by the government around the world are major hamper factors for regional market. Moreover, extensive use of the technology in the agricultural sector is a key opportunity for market.
It is predicted that future of the North-America agriculture biotechnology market will be bright on account of huge range of agro-climatic zones & crops and big Genetically Modified (GM) planted area during the forecast period.
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North America Agricultural Biotechnology Market Competition
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