Agricultural Biotechnology Market

Agricultural Biotechnology Market size

Report Overview:

The Global Agricultural Biotechnology Market is projected to grow from USD 153.9 billion in 2024 to approximately USD 374.5 billion by 2034, registering a compound annual growth rate (CAGR) of 9.30% over the forecast period from 2025 to 2034.

The Agricultural Biotechnology Market plays a vital role in advancing modern agriculture by leveraging biological innovations to enhance crop productivity, improve resistance to pests and diseases, and reduce the environmental impact of farming practices. This market encompasses a range of technologies including genetic engineering, molecular markers, tissue culture, and bioinformatics, which are applied to develop improved plant traits, such as drought tolerance, herbicide resistance, and increased nutritional value.

Agricultural biotechnology is a field of science that uses tools and techniques of biotechnology to modify living organisms primarily crops and livestock for improved agricultural productivity, sustainability, and efficiency. This includes genetic engineering, molecular diagnostics, tissue culture, and marker-assisted selection.The market has become increasingly significant in addressing global agricultural challenges such as climate change, soil degradation, pest infestations, and the demand for higher crop yields to feed a growing global population.

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Key Takeaways

• Agricultural Biotechnology Market size is expected to be worth around USD 374.5 Billion by 2034, from USD 153.9 Billion in 2024, growing at a CAGR of 9.30%.
• plants held a dominant market position in the Agricultural Biotechnology Market, capturing more than a 64.40% share.
• Transgenic Crops & Animals held a dominant market position in the Agricultural Biotechnology Market, capturing more than a 43.40% share.
• North America emerging as the dominant player. Capturing a significant 41.30% market share, this region accounted for USD 63.5 billion

𝐂𝐥𝐢𝐜𝐤 𝐭𝐨 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐃𝐫𝐢𝐯𝐞 𝐈𝐦𝐩𝐚𝐜𝐭𝐟𝐮𝐥 𝐃𝐞𝐜𝐢𝐬𝐢𝐨𝐧𝐬:https://market.us/report/agricultural-biotechnology-market/free-sample/

Market Key Segmentation:

Based on Type

• Physical Delivery PPA
• Virtual PPA
• Portfolio PPA
• Block Delivery PPA
• Others

Based on Location

• On-site
• Off-site

Based on Category

• Corporate
• Government
• Others

Based on Deal Type

• Wholesale
• Retail
• Others

Based on Capacity

• Up to 20 MW
• 20 50 MW
• 50 100 MW
• Above 100 MW

Based on Application

• Solar
• Wind
• Geothermal
• Hydropower
• Carbon Capture and
• Storage
• Others

Based on End-Use

• Residential
• Commercial
• Industrial

Market Dynamics:

Drivers:

The global push for sustainable agriculture is driving the growth of agricultural biotechnology. With the population expected to reach 9.7 billion by 2050, biotechnology helps meet rising food demands while reducing environmental impact. Innovations like pest-resistant and drought-tolerant crops reduce chemical usage and improve yields. These technologies also help farmers grow more on limited land.

Organizations like the FAO recognize biotechnology’s role in enhancing food security and nutrition through biofortified crops. Supportive government policies, subsidies, and regulatory frameworks further boost adoption. Despite ethical concerns and public skepticism, biotechnology continues to offer solutions for sustainable, efficient, and resilient food systems.

Restraints:

Agricultural biotechnology faces hurdles from complex regulations and limited public acceptance. Genetically modified (GM) crops must undergo strict, costly safety evaluations, which vary across countries and slow innovation. The EU, for instance, maintains stringent GM rules, restricting market access. Public skepticism, fueled by misinformation, also deters adoption49% of Americans believe GM foods are unhealthy. This perception affects investment and crop adoption globally.

To counter this, governments and organizations are launching awareness campaigns and educational initiatives. However, without greater transparency, public engagement, and consistent regulation, biotechnology’s growth remains constrained by resistance and prolonged approval processes across different regions.

Opportunity:

Agricultural biotechnology has vast potential in the growing biofuel sector, vital for sustainable energy and climate goals. Genetically modified crops can produce higher biomass with fewer resources, supporting cleaner fuel alternatives without displacing food crops. The IEA reports biofuel output must triple by 2030 to meet climate targets, creating a lucrative space for biotech innovation. Advances that enhance crop energy content can lower production costs, boosting biofuel’s viability over fossil fuels.

Governments support this shift through renewable energy mandates and subsidies. Biofuels also strengthen rural economies by creating jobs and new markets, while reducing oil dependency and enhancing national energy security.

Trends:

CRISPR technology is revolutionizing agricultural biotechnology by enabling precise, efficient genetic edits in crops. Unlike traditional GMOs, CRISPR allows natural-like changes without adding foreign DNA, which helps gain broader public support. This method accelerates the development of high-yield, nutrient-rich, and climate-resilient crops, crucial amid climate change and food insecurity.

The FAO endorses CRISPR’s role in boosting global agricultural productivity. Governments, particularly in the U.S., have eased regulations to support CRISPR adoption, while Europe is reconsidering its stance. The technology also levels the playing field for smaller firms, reducing costs and development times, making innovation more accessible and widespread across the sector.

Market Key Players

• Other Key Players
• BASF SE
• ADAMA Ltd
• Bayer AG
• ChemChina
• Corteva
• Evogene Ltd.
• KWS SAAT SE & Co. KGaA
• Limagrain
• Marrone Bio Innovations
• MITSUI & CO., LTD
• Nufarm
• Performance Plants Inc.
• Valent BioSciences LLC

Conclusion:

The agricultural biotechnology market offers significant opportunities for innovation and investment, particularly in developing resilient crop varieties and sustainable farming solutions. Stakeholders focusing on research, public engagement, and regulatory compliance will be well-positioned to capitalize on this growth.