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Published Date: 2014-05-12Number of Pages: 83

Agricultural Biotechnology Market (Application - Transgenic Crops (Corn, Soybean, and Cotton), Synthetic Biology-enabled Products, and Tools) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2013 - 2019

Global Agricultural Biotechnology Market: Snapshot

The global agricultural biotechnology market is predicted to highly benefit from the application of improving agricultural productivity. Genetically modified or transgenic crops could be among the top end users of agricultural biotechnology. With regard to high crop quality and yield, agricultural biotechnology could advantage consumers and also producers and farmers. The market could exhibit a strong growth in the foreseeable future with the rising demand for biofuels on account of exhausting traditional resources.

The global agricultural biotechnology market is prophesied to reach a revenue valuation of US$28.6 bn by the end of 2019.

Transgenic Crops Collect Heavy Demand from Increasing Food Production and Decreasing Arable Lands

In the latest past, transgenic crops had accounted for a larger share in the world agricultural biotechnology market on the basis of application. The demand for this application could garner a telling growth on the back of the surging need for increased food production and declining size of arable lands. In comparison with traditional seeds, transgenic seeds could provide an enhanced crop productivity. The development of transgenic crops via transgenic seeds is anticipated to be owing to the rising application of biotechnology on agricultural offerings with the help of genetic engineering or modification.

As a result, there could be a decline in the supply-demand gap of food grains with the benefits of greater nutritional value, resistance to pests, extended shelf life, and increased yield. A majority of the share for agricultural biotechnology could be grabbed by transgenic crops in future with their wide adoption in not only developed but also developing markets. Synthetic biology-enabled products and tools, on the other hand, are foreseen to be on the slower side of growth, considering their smaller shares in the past.

On a global platform, corn and soybean are prognosticated to be among the most broadly consumed transgenic crops. These crops could obtain market share while riding on the elevating demand for animal feed because of the snowballing consumption of meat. However, in the next few years, soybean is envisaged to gather a faster growth amongst the two. Besides being consumed in the production of bioplastics and biofuels as a grain, corn could be engaged in several industrial applications. Considering its robust demand in the textile sector, cotton could find an extensive application in the Asia region. Other crops such as canola, sugar beet, and sugarcane had held a minor share in the past few years.

High Adoption and Cultivation of Genetically Modified Crops Intensify Demand in North America

North America had demonstrated supremacy over other regions in the international agricultural biotechnology market due to the high acceptance of genetically modified crops among the consumers therein and their better cultivation. Furthermore, nearly a 15-20% of the revenues of biotechnology companies is envisioned to be spent on research and development activities. However, Asia Pacific could grow speedier than other regions due to the binge establishment of research and development centers with a view to keep afloat in the rising competition of the market. Moreover, Asia Pacific is projected to significantly benefit from the swelling demand for food and bio-based products.

Europe could exhibit a moderate growth in view of vigorous opposition from consumers and tight regulations. Brazil could very well be the next growth engine of the international agricultural biotechnology market after the U.S. Rest of the World is expected to take advantage of the large-scale production of transgenic crops.

The worldwide agricultural biotechnology market is projected to bear a consolidated characteristic owing to top companies accounting for a hefty share in the recent past. Large companies could look to achieve a competitive edge over other companies in the market by improving their presence across the value chain.

Furthermore, there could be desperate efforts made to enhance their market share for the coming years. This is forecasted to be accomplished through collaborations with large crop growers and research organizations and the acquisition of small regional companies. Some of the dominant companies dealing with agricultural biotechnology could be Syngenta, DuPont, and Monsanto.

Agricultural biotechnology is a collection of scientific procedures and tools that can be used on living organisms or plants or on both simultaneously to improve agricultural crop productivity. Agricultural biotechnology is majorly used to alter the genome sequence of crops and those crops can be termed as transgenic or genetically modified crops. This has benefitted farmers, producers and in turn consumers with high crop yield and good food quality. The agricultural biotechnology market has been classified based on applications into transgenic crops and synthetic biology-enabled products and tools. 

 

The report comprises of an executive summary, which includes a market snapshot that provides overall information of the various application segments for 2012 and 2019. It also analyzes the global agricultural biotechnology market with respect to regions and application segments. It provides market share of regions and applications for 2012 and 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. In addition, regulatory support in the Americas and Asia Pacific is expected to boost market growth in the next few years. Rising demand for biofuels is further boosting the market.

 

This report analyzes and estimates the global agricultural biotechnology market in terms of revenue (USD Million) from 2012 to 2019. The forecast period of the market is from 2013 to 2019. The market is segmented on the basis of application as transgenic crops and synthetic biology-enabled products and tools. Transgenic crops are further analyzed into major crop types as corn, soybean, cotton and others. Each of the mentioned applications is estimated and forecasted into major geographic regions as North America, Europe, Asia Pacific and Rest of the World. This market research study provides detailed quantitative and qualitative information about regional specific application segment.

 

The study includes a detailed analysis of each stage of the value chain. It also provides information about value added from supplier to end user industries and degree of integration. Additionally, it analyzes major driving and restraining factors of the global agricultural biotechnology market and their impact in the next few years. It also highlights opportunities during the forecast period. The report comprises of Porter’s five forces model in order to study the degree of competition in the market and the bargaining power of suppliers, bargaining power of buyers, threat from new entrants and threat from substitutes with its effect on the overall market during the forecast period. The report also includes market share of the companies present in the market in 2012. The study also comprises of market attractiveness of the agricultural biotechnology applications for the next few years. Market attractiveness has been calculated based on market size, growth rate and other socio-economical factors. 

 

The report also includes company profiles of major players in the market. Company profiles include company overview, product portfolio, financial overview, business strategies, SWOT analysis and recent developments. Major participants analyzed in this report include Monsanto, Syngenta, Bayer CropScience, DuPont Pioneer Hi-Bred, Vilmorin, Dow AgroSciences, Evogene, KWS SAAT Ag, Certis and Mycogen Seeds among others. 

 

We have evaluated the market value and qualitative factors such as company market share and application share with the help of secondary and primary research. Primary research includes interviews and discussions with key opinion leaders from wide range of companies. Secondary resources include agricultural biotechnology company websites, annual reports, market analysis articles, the U.S. Department of Agriculture, the U.S. Food and Drug Administration, Environmental Protection agency, news articles and press releases related to agricultural biotechnology market. 

 

The global agricultural biotechnology market has been estimated and forecasted using top-down approach for estimating and forecasting by geography and bottom-up approach for estimating and forecasting by application. 

 

This report segments the global agricultural biotechnology market as follows:

  • Agricultural Biotechnology Market: Application Analysis

    • Transgenic crops

      • Corn
      • Soybean
      • Cotton
      • Others
    • Synthetic biology-enabled products
    • Tools
  • Agricultural Biotechnology Market: Regional Analysis

    • North America
    • Europe
    • Asia Pacific
    • Rest of the World


 
 
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