Agricultural Biotechnology: A Global Strategic Business Report
San Jose, California (PRWEB) September 23, 2014
Follow us on LinkedIn – Agricultural biotechnology is gaining steady popularity the world over, due to its use of highly sophisticated plant breeding techniques. Growth in the marketplace is expected to come from increasing adoption of Genetically Modified (GM) crops in developing countries. Several sub-Saharan countries in the African continent, which comprise 30% of under-nourished population, have already implemented genetically engineered crop production strategies. Rising focus on food security is fuelling growth of agricultural biotechnology, especially with respect to genetically engineered crops and transgenic crops, which enable faming on marginalized land thus bringing unfarmed lands into agricultural production. Although shrouded in controversy, the ability to modify plant genes to produce crops suited for food, fiber, feed, and energy production is attracting immense interest, especially in emerging markets across the world. Cuba and Sudan represent the latest addition to the growing clan of countries adopting agricultural biotechnology. These countries initiated the production of GM cotton and hybrid biotech maize for the first time.
As the technology continues to demonstrate substantial benefits, particularly in enhancing crop yields and optimizing pest control, governments are increasingly revoking bans imposed on GM crops. However, the industry continues to face stiff opposition from consumer and environmental bodies around the world who oppose research in this area. In Europe, GM crops and food continue to face regulatory hurdles that restrict market penetration.
Advancements in the areas of DNA sequencing and synthetic biology are helping drive gains in the market, as these technological developments facilitate product innovation, and create new avenues for growth. Tolerance to salinity and aluminum, more efficient use of nitrogen, high polygenic traits and greater photosynthetic efficiency in crop plants are made possible by technological advancements, thus leading to greater and more advanced options for GM crops. Advances in genome assembly and analysis, and new generation DNA sequencing, are leading to greater understanding of complex plant genomes. A greater number of genes are now available to create traits, with higher possibility to excise control on the gene that is introduced to ensure that its impact is more efficient and accurate.
As stated by the new market research report on agricultural biotechnology, the United States represents the largest market worldwide. The popularity of GM crop varieties among farmers in the country is evident from the fact that after close to two decades, the acreage under GM crop plantation is estimated at about 68 million hectares. Strong growth is forecast to come from developing regions such as Asia-Pacific, Latin America and Africa with GM crop cultivation growing rapidly among small farmers in countries, such as India, Brazil, and Argentina. Asia-Pacific ranks as the fastest growing market waxing at a CAGR of 14.6% over the analysis period. In contrast, European farmers are less keen on planting GM crops due to the strong opposition from consumer groups and environmental activists.
Corn represents the largest genetically modified crop globally, while cotton constitutes the fastest growing product market. Growth in genetically modified cotton is driven by the need to reduce reliance on pesticides, increase yields, and safeguard production against climate changes. Demand for biopesticides is also increasing, primarily due to growing environmental concerns and consumer inclination towards chemical-free crops.
Key players covered in the report include ADAMA Agricultural Solutions Ltd., BASF SE, Bayer CropScience AG, Bayer CropScience Biologics GmbH, Camson Bio Technologies Limited, Certis USA LLC, Dow AgroSciences LLC, Mycogen Seeds, DuPont Pioneer, Isagro SpA, Marrone Bio Innovations Inc., Monsanto Company, Performance Plants Inc., Syngenta AG, Valent BioSciences Corp., among others.
The research report titled “Agricultural Biotechnology: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, GM crop approvals, regulatory status across regional markets, mergers/acquisitions and other strategic industry activities of major and niche players globally. The report provides market estimates and projections for all major geographic markets, such as the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific, Latin America, and Rest of World. Product segments analyzed include Transgenic Seeds/Crops (Soybean, Corn, Cotton, and Others (Canola, Wheat, Rice, and Potato among Others)), and Biopesticides.
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 leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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