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02-Jan-2019

Global Agricultural Biotechnology Market 2018-2022 | Increasing Demand for Higher Crop Yield to Boost Demand | Technavio

Technavio analysts forecast the global agricultural biotechnology market to grow at a CAGR of close to 11% during the forecast period, according to their latest market research report.

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Technavio has published a new market research report on the global agricultural biotechnology market from 2018-2022. (Graphic: Business Wire)

The development of standards for biostimulants is one of the major trends being witnessed in the global agricultural biotechnology market 2018-2022. The adoption of the strong regulatory framework is essential for the biostimulants market to assure the spread of safe products. Consequently, several countries have developed standards that must be adhered to by the vendors in the biostimulants market. For instance, in the US, the Agriculture and Nutrition Act of 2018 included a definition of biostimulants in section 9201. Also, the European Parliament passed a plenary vote in 2016, which was instrumental in defining and setting up the market for biostimulants in Europe. Thus, the development of standards for biostimulants will impact market growth.

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According to Technavio analysts, one of the key factors contributing to the growth of the global agricultural biotechnology market is the increasing demand for higher crop yield:

Global agricultural biotechnology market: Increasing demand for higher crop yield

With the substantial increase in the global population, the demand for food is rising significantly. The adoption of non-conventional farming methods combined with agricultural biotechnology is touted as the only method to cater to the growing demand for food. Thus, the increasing demand for higher crop yield will drive the growth of the global agricultural biotechnology market during the forecast period.

According to a senior analyst at Technavio, “Apart from the increasing demand for higher crop yield, factors such as the stricter regulatory controls on pesticides, and the increasing adoption of biostimulants are expected to fuel the growth of the global agricultural biotechnology market during the forecast period.”

Global agricultural biotechnology market: Segmentation analysis

The global agricultural biotechnology market research report provides market segmentation by application (transgenic seeds, and crop protection biochemicals), by technology (genome editing, DNA sequencing, and RNA) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The Americas region held the largest share of the market in 2017, followed by EMEA and APAC respectively. Although the APAC region held the smallest share of the market in 2017, it is expected to register the highest incremental growth during the forecast period.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20190102005317/en/

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Last Updated: 02-Jan-2019