Global Agricultural Biotechnology Market to Exceed $8.0 Billion by 2009, According to a New Report by Global Industry Analysts, Inc.

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The global agricultural biotechnology market is projected to exceed US$8.0 billion by 2010, growing at a compounded annual rate of over 10% during the analysis period. Despite several controversies surrounding the consumption of genetically modified food, agricultural biotechnology market continues to be resilient and is projected to witness robust growth over the next five years.

Agricultural Biotechnology: A Global Strategic Business Report

Biotechnology is considered to be the most promising technology that can provide lasting solution to various problems ranging from food shortage to preservation of environmental resources. Much of the interest in biotechnology stems from rapid dissemination in North America and other exporting countries of genetically engineered (GE) crops such as soybeans, cotton, canola, and corn. In agricultural biotechnology, wide array of transgenic crops integrate genetically altered and enhanced attributes that assist plants to build resistance against particular pests and herbicides.

United States is the largest agricultural biotechnology market in the world and is projected to cross US$5 billion by the year 2010, as stated by Global Industry Analysts, Inc. Asia-Pacific is the fastest growing agricultural biotechnology market in the world and is projected to expand at a CAGR of over 14% during the ten-year analysis period. Transgenic seeds market is the largest and the fastest growing segment in the global agricultural biotechnology market and is projected to cross US$8 billion by the year 2009, expanding at a compounded annual rate of over 10% during the analysis period.

Worldwide nations have set different standards regarding the amount of Genetically Modified (GM) ingredients. However, in the long term, a cautious approach has to be adopted to meticulously evaluate present and future products for clarifying several ambiguities about the long-term effects of consuming GM food. Researchers also need to study long-term effects on vulnerable consumers such as children and infants. In this direction the latest directives from the EU can be considered as a crucial step closer to final authorization of Genetically Modified Organisms (GMOs).

The report titled "Agricultural Biotechnology: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides strategic content on available transgenic cropland worldwide, ethical, environmental and legal issues facing the industry, biotech research initiatives, M&A activity, competitive scenario, regulatory environment, and other strategic corporate developments. The study also analyzes market data and analytics in value sales for regions such as USA, Canada, Asia-Pacific (including Japan), Latin America, and Rest of World by the following product segments -- Transgenic Seeds/Crops (Soybean, Corn, Cotton, and Others), and Biopesticides.

Leading players in the global agricultural biotechnology market include Bayer CropScience AG, Certis USA, Dow AgroSciences LLC, Emerald BioAgriculture Corporation, Makhteshim-Agan Industries Ltd., Monsanto Company, Mycogen Seeds, Performance Plants Inc., Pioneer Hi-Bred International, and Syngenta International AG.    

For more details about this research report, please visit http://www.strategyr.com/Agricultural_Biotechnology_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press@StrategyR.com
Web Site http://www.StrategyR.com

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