Global Agricultural Biotechnology Market is Expected to Reach USD 28,694.1 Million in 2019: Transparency Market Research

May 29, 2014

ALBANY, New York, May 29, 2014 /PRNewswire/ –

According to a new market report published by Transparency Market Research
“Agricultural Biotechnology Market For Transgenic Crops (Corn, Soybean, Cotton and
Others), Synthetic Biology-Enabled Products and Tools – Global Industry Analysis, Size,
Share, Growth, Trends and Forecast, 2013 – 2019,” the global agricultural biotechnology
market was valued at USD 15,300 million in 2012 and is expected to reach USD 28,694.1
million by 2019, growing at a CAGR of 9.5% from 2013 to 2019.

Browse the full Agricultural Biotechnology Market Report at


Demand for food production has increased significantly due to rise in global
population. This is one of the major drivers for growth in the agricultural biotechnology
market. Furthermore, growing demand for biofuels due to depleting conventional resources
is further boosting the global agricultural biotechnology market. However, strong
opposition of GM crops in Europe is estimated to hamper market growth.

The global agricultural biotechnology market was dominated by North America due to
high cultivation of GM crops and acceptance of these crops by consumers. North America
accounted for 32.5% of the market share in 2012. Europe consumes substantial amount of GM
crops for animal feed, which is imported from Brazil and the U.S. However, there is hardly
any production of GM crops in Europe due to stringent regulations and strong opposition
from consumers. Asia Pacific market is projected to reach USD 7,810.5 million by 2019.
Growth in demand for food in Asia coupled with rapid growth in industrialization is
expected to boost the agricultural biotechnology market in Asia Pacific. Large scale
production of transgenic crops is expected to drive the RoW market during the forecast

Transgenic crops or GM crops emerged as the largest application of the agricultural
biotechnology market. Rising demand for food production coupled with decrease in arable
land is anticipated to drive the transgenic crops application. The global agricultural
biotechnology market for transgenic crops is anticipated to grow at a CAGR of 9.6% from
2013 to 2019. Synthetic biology-enabled products and tools accounted for smaller share of
the market in 2012.

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Soybean and corn are the most widely consumed GM crops globally. Rising demand for
animal feed due to increasing consumption of meat is expected to drive the market for
these crops. The market for transgenic corn is expected to grow at a CAGR of 9.6% from
2013 to 2019. Other crops which mainly include rapeseed, potato, alfalfa and sugar beet
accounted for 10.9% revenue share in 2012.

The overall agricultural market is consolidated as top three players accounted for
nearly 48% of the market in 2012. Key industry participants include Monsanto, DuPont
Pioneer Hi-Bred, Syngenta, Dow AgroSciences, Vilmorin, Bayer CropScience, Certis USA,
Evogene Ltd, and KWS SAAT AG among others.

Browse the full Agricultural Biotechnology Market Report at


This report segments the global agricultural biotechnology market as follows:

        - Agricultural Biotechnology Market: Application Analysis
             - Transgenic crops
                - Corn
                - Soybean
                - Cotton
                - Others
             - Synthetic biology-enabled products
             - Tools
        - Agricultural Biotechnology Market: Regional Analysis
             - North America
             - Europe
             - Asia Pacific
             - Rest of the World

Browse Biotechnology Market Research Reports @


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and trends analysis provides forward-looking insight for thousands of decision makers.
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