In 2018, the global agricultural biotechnology market size was estimated at $89.89 billion and is projected to grow at a CAGR of 7% during the forecast period. Rising demand for new breeding technologies is expected to propel the market growth. This is complemented by the increasing prevalence of biotechnology tools for creating or modifying characteristics of organisms, including plants, animals, and microorganisms, with respect to color, yield or size.
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Company Profile
Key players in the market include KWS SAAT SE & Co. KGaA, ChemChina, Limagrain, Nufarm, Marrone Bio Innovations, Performance Plants Inc., Corteva, ADAMA Ltd, MITSUI & CO., LTD, Evogene Ltd., Valent BioSciences LLC, and Bayer AG. These companies are adopting several strategies to maintain their market presence.
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Agricultural Biotechnology Market – Segmentation
By Application
• Vaccine Development
• Transgenic Crops & Animals
• Antibiotic Development
• Nutritional Supplements
• Flower Culturing
• Biofuels
By Organism Type
• Plants
• Conventional Techniques
• Established Genetic Modification
• New Breeding Techniques
• Animals
• Conventional Techniques
• Established Genetic Modification
• New Breeding Techniques
• Microbes
• Conventional Techniques
• Established Genetic Modification
• New Breeding Techniques
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