The Agricultural Biotechnology market worldwide is projected to grow by US$32 Billion, driven by a compounded growth of 10.4%.
Molecular Diagnostics, one of the segments analyzed and sized in this study, displays the potential to grow at over 11.8%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$25.2 Billion by the year 2025, Molecular Diagnostics will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the United States will maintain a 11.9% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$1.4 Billion to the region's size and clout in the next 5 to 6 years. Over US$1.5 Billion worth of projected demand in the region will come from Rest of Europe markets.
In Japan, Molecular Diagnostics will reach a market size of US$2.2 Billion by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 9.9% over the next couple of years and add approximately US$5.4 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.
Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific.
All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Key Topics Covered
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of COVID-19 and a Looming Global Recession
Recent Market Activity
Widening Gap between Food Demand and Production Raises Significance of Agricultural Biotechnology
Opportunity Indicators in a Nutshell
Transgenic Seeds & Crops Spearhead Growth in the Agricultural Biotech Market
Significant Benefits of GM Crops Augur Well for Market Growth
Biotech Cropland Worldwide - An Overview
Developed Regions Lead GM Crop Cultivation, Developing Regions Promise Future Growth
Barriers to Expansion of Biotechnology in Agriculture Industry
Bt. Cotton: Adoption All Set to Increase Further in the Coming Years
Robust R&D Pipeline to Play a Pivotal Role in Adoption of Bt. Cotton
Challenges Hindering Wider Adoption of GM Crops
Biopesticides: Natural Attributes Spur Global Demand
Developed Countries: Leading Consumers of Biopesticides
Biopesticides - A Crucial Component for Implementing Integrated Pest Management
Explosive Growth in Organic Farming Augurs Well for Biopesticides Market
Lack of Familiarity & Negative Perceptions Hinder Uptake of Biopesticides among Farmers