Global Agricultural Biotechnology Market to Reach US$12 Billion by 2015, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Agricultural Biotechnology market. The global market for Agricultural Biotechnology is forecast to reach US$12 billion by the year 2015. Key factors driving demand for agricultural biotechnology include the drive to enhance crop yield and productivity, minimize costs, and develop pest and disease resistant crops. Considerable shortage of food and agricultural supplies, shortage in water supplies, and uncertain and adverse environmental conditions in various parts of the world is also fuelling demand for biotechnology-based crops.

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. Agricultural biotechnology is the only technology that is likely to offer increased yields needed. Worldwide, the agricultural biotechnology domain is increasingly becoming popular, as the technology provides farmers with solutions to grow plants that offer higher per-acre crop yield, resistance to insect pests and diseases, reduce production costs, and are environmentally friendly. The acreage under biotech crops increased by 333 million in 2009 as against 311 million in 2008 worldwide. However, biotech industry faces stiff opposition from worldwide consumer and environmental bodies who oppose research in this area. Worldwide nations have set different standards regarding the amount of Genetically Modified (GM) ingredients that can be approved without pasting a label. The biotechnology industry also faces challenges in the wake of global economic recession.

The United States represents the largest market worldwide for agricultural biotechnology, as stated by the new market research report on Agricultural Biotechnology. However, Asia-Pacific is expected to spearhead growth in the global market for agricultural biotechnology. Consumers in India, South Korea, China, Japan, and the Philippines are showing growing penchant for high quality food, thereby accepting food grown utilizing agricultural biotechnology. These factors point out towards a promising future for the area of biotechnology in the region. Besides, several sub-Saharan countries in the African continent, which comprise 30% under-nourished population, are aiming at incorporating agricultural biotechnology.

Segment wise, Transgenic Crops represent the largest as well as the fastest growing market. Armed with strong scientific research and commercial backup, Genetically Modified Crops or GM crops is expected to prevail over traditional agricultural techniques in future. Soyabean, cotton, and maize (corn) are the major biotech products that are successfully commercialized. The US is the largest commercial cultivator of GM crops.

Major players profiled in the report include Bayer CropScience AG, Certis USA LLC, Dow AgroSciences LLC, Emerald BioAgriculture Corp., Makhteshim-Agan Industries Ltd., Monsanto Company, Mycogen Seeds, Performance Plants Inc., Pioneer Hi-Bred International Inc., and Syngenta AG.

The report titled “Agricultural Biotechnology: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the agricultural biotechnology market, current market trends, key growth drivers, recent product introductions, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides market data and analytics in terms of value for agricultural biotechnology market for the following geographic markets - US, Canada, Asia-Pacific, Latin America, and Rest of World. Key segments and sub-segments analyzed in the report include Transgenic Seeds/Crops (Soybean, Corn, Cotton and Others), and Biopesticides. Also, a seven-year (2000-2006) historic analysis is provided for additional perspective.

For more details about this comprehensive market 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 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of 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(at)StrategyR(dot)com
Web Site http://www.StrategyR.com/

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