North America Agricultural Biotechnology Market Size (2024 - 2030)
As per our research report, the North America Agricultural Biotechnology Market size is estimated to grow at a CAGR of 10.6% from 2024 to 2030.
Agricultural biotechnology, also known as Agritech, is an agriculture area that involves the use of scientific tools and processes to improve crop performance. Agricultural biotechnology is generally utilized to increase the production of crops. It is a set of various scientific techniques & methods that can be applied to crops. The use of agricultural biotechnology to modify the sequence of different crops is widespread. This technique helps to increase the support of plants to various viruses & diseases and improve agricultural productivity. With food quality and high crop yield, agricultural biotechnology has benefited farmers and consumers. The increased adoption of biotechnology tools, to modify the characteristics of organisms such as plants, microbes, and animals, is expected for the growth of this technology in the market.
The COVID-19 pandemic had a mixed impact on the North America Agricultural Biotechnology Market. the importance of resilient and sustainable agricultural practices, increasing interest in biotechnology solutions. The need to ensure food security during the crisis underscored the value of technologies that can enhance crop yields and protect them against pests and diseases.
However, disturbances in the supply chains, labor shortages, and economic uncertainties are the challenges in the market. According to a report by the International Service for the Acquisition of Agri-Biotech Applications (ISA), while demand for agricultural biotechnology is strong, logistical issues during the pandemic have created hurdles for the distribution and adoption of biotech products in North America. Due to the COVID-19 pandemic, new advanced rules and regulations were implemented, which is also affecting the process for biotech products. As the situation evolves, the long-term impact of COVID-19 on the North American Agricultural Biotechnology Market is monitored continuously, with resilience, advanced technology, and innovation being key drivers in adapting to the changing landscape.
Global population growth, with changing dietary preferences like organic food, has led to a significant increase in food demand. Agriculture biotechnology plays an important role in meeting this demand by advancing crop yields and improving crop nutrition.
Climate change poses significant challenges to agriculture, like unpredictable weather patterns, droughts, and increased pests and diseases. Agriculture biotechnology provides solutions by developing crops that are more resilient to these challenges and help to secure food production in a difficult climate. Biotechnology companies are working on drought-tolerant and heat-resistant crop varieties as it is expected that such challenges may occur in the future years. These precautions can help safeguard crop yields, reduce the risk of crop failure, and contribute to food security. Another challenge for the North American Agriculture Biotechnology market is regulatory frameworks for genetically modified organisms (GMOs) and other biotechnological products. Strict regulation and public scrutiny can affect the development of biotech crops.
KEY MARKET INSIGHTS:
Based on Technology, in this segment Genetic engineering has the largest segment with a share of 25%. In the North American Agricultural Biotechnology market, genetic engineering has been adopted to create genetically modified crops with herbicide tolerance, insect resistance, and improved nutritional crops. Tissue culture is the fastest-growing segment with a 20% share of the market. Tissue culture is a technique in which plant cells and tissues are grown in vitro on a nutrient medium for the propagation of plants, including crops, with desirable traits.
Based on the Application, Transgenic crops and animals are the largest segment with around 30% share in the market. It includes the development and commercialization of genetically engineered plants and animals which are used in agriculture. Vaccine development is anticipated to be the fastest-growing segment in the projected period. Emerging pests and diseases are risky for crop and livestock health which increases the need to develop vaccines so that they can be protected against these diseases. Vaccine is an alternative to pesticides and antibiotics and government regulation has supported the development of agricultural vaccines to ensure food safety. This factor can increase the growth of the market in the forecast year.
Based on the region, USA held the largest market with over 48% share of market revenue in North America's Agricultural Biotechnology market. The USA has been a top player in transgenic crops and animals, vaccine & antibiotic development as well as nutritional supplements. The USA is also the fastest-growing region in this market. Biotechnology research and development has continuously led to advancements in the field. This innovation has resulted in the introduction of new and more efficient biotechnological solutions for agriculture, which will continue in the forecasted years.
Companies playing a leading role in the North America Agricultural Biotechnology Market profiled in this report are Isagro Group, DuPont de Nemours, Inc, Syngenta AG, ADAMA Agricultural Solutions Ltd., Certis USA LLC, Eurofins Scientific SE, BASF, Bayer Crop Science, Verdeca, Corteva Agriscience, Evogene, Marrone Bio Innovations, Inc.
Genetic Engineering
Tissue Culture
Embryo Rescue
Somatic Hybridization
Molecular Diagnostics
Vaccine Development
Transgenic Crops & Animals
Antibiotic Development
Biofuels
U.S.A
Canada
Mexico
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