ALBANY, New York, October 27, 2015 /PRNewswire/ --
Transparency Market Research has published a new report on the global agricultural biotechnology market. According to the research report, the global agricultural biotechnology market was valued at US$15.3 bn in 2012 and is predicted to reach US$28.6 bn by 2019. The report, titled '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', states that the global agricultural biotechnology market is expected to expand at a 9.50% CAGR till 2019.
Browse Market Research Report on Agricultural Biotechnology Market: http://www.transparencymarketresearch.com/agricultural-biotechnology-market.html
Agricultural biotechnology represents scientific procedures that are used to improve the productivity of crops. Primarily, agricultural biotechnology is used to modify the genome sequence of crops. The growing global population has led to the growth in demand for genetically modified crops. Rising demand for biofuels due to the falling reserves of conventional fuels is expected to boost the global agricultural biotechnology market during the forecast period.
Browse Press Release of Agricultural Biotechnology Market: http://www.transparencymarketresearch.com/pressrelease/agricultural-biotechnology-market.htm
The global agricultural biotechnology market is segmented on the basis of application and region. By application, the global agricultural biotechnology market is classified into transgenic crops, synthetic biology-enabled products, and others. The transgenic crops sector is further classified into corn, soybean, cotton, and others. In 2012, the transgenic crops sector dominated the global agricultural biotechnology market. Increasing demand for higher crop harvest and the shrinking amount of available arable lands are expected to drive the transgenic crops sector at a 9.60% CAGR by 2019. The synthetic biology-enabled products sector accounted for a smaller share in 2013. Soybean and corn are considered to be the most consumed genetically modified crops. Corn, with its applications in the manufacture of biofuels and bioplastics, is expected to contribute massively towards the growth of the global agricultural biotechnology market.
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By geography, the global agricultural biotechnology market is divided into Asia Pacific, Europe, North America, and Rest of the World. High cultivation of genetically modified crops allowed the North America region to dominate the global agricultural biotechnology market in 2012. North America accounted for a 32.5% share in the global market in 2012. The Asia Pacific agricultural biotechnology market is predicted to develop rapidly by 2019 due to rapid industrialization. The Asia Pacific agricultural biotechnology market is predicted to reach US$7.8 bn by 2019. The increase in the number of companies establishing their research and development centers in Asia Pacific is expected to drive the Asia Pacific agricultural biotechnology market during the forecast period.
Other Reports Published by Transparency Market Research:
- Global Biotechnology Market: http://www.transparencymarketresearch.com/biotechnology-market.html
- Synthetic Biology Market: http://www.transparencymarketresearch.com/synthetic-biology-market.html
- Array Instruments Market: http://www.transparencymarketresearch.com/global-array-market.html
The global agricultural biotechnology market is quite concentrated, with the top three leading players accounting for almost 48% of the global market in 2012. Many leading players in the global agricultural biotechnology market are acquiring emerging and small players to expand their business. Most of the leading companies are collaborating with research and development institutes to increase their market share. Biotechnology firms are spending nearly 15% to 20% of their revenue on research and development activities. Some of the prominent players in the global agricultural biotechnology market are Monsanto, Syngenta, CropScience, Vilmorin, Evogene Ltd, KWS SAAT AG, DuPont, Bayer, Dow AgroScience, and Certis USA.
Browse Upcoming Market Research Reports:
- Agricultural Microbials Market: http://www.transparencymarketresearch.com/agricultural-microbials-market.html
- Metal Coated Microspheres Market: http://www.transparencymarketresearch.com/metal-coated-microspheres-market.html
Key segments of Global Agricultural Biotechnology Market
Agricultural Biotechnology Market: Application Analysis
- Transgenic crops
- Synthetic biology-enabled products
Agricultural Biotechnology Market: Regional Analysis
- North America
- Asia Pacific
- Rest of the World
Browse All Other Biotechnology Research Reports: http://www.transparencymarketresearch.com/biotechnology-market-reports-18.html
Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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SOURCE Transparency Market Research