Question 1

1.	What is the size of the global agricultural biotechnology market in 2022?

Accepted Answer

The global agricultural biotechnology market was valued at USD 28,587.7 Million in 2022.

Question 2

2.	What is the expected growth rate of the agricultural biotechnology market over the forecast period?

Accepted Answer

The global agricultural biotechnology market is expected to expand at a CAGR of 9.7% between 2023 and 2030.

Question 3

3.	What factors are driving the global agricultural biotechnology market currently?

Accepted Answer

Prevalence of genetic modified (GM) crops, broad uses of biotechnology coupled with agriculture, population growth, and need for improved crop traits drive the global agricultural biotechnology market currently.

Question 4

4.	Who are the key players in the global agricultural biotechnology market space?

Accepted Answer

Monsanto (now part of Bayer), Syngenta (now owned by ChemChina), Corteva Agriscience, Bayer CropScience, Syngenta AG, BASF Plant Science, CRISPR Therapeutics, Editas Medicine, Syros Pharmaceuticals, Novozymes, KWS SAAT SE & Co. KGaA, Precigen, Inc., Calyxt, Inc., Soylent Green, Evogene Ltd., Tropic Biosciences.

Question 5

5.	What are the major market opportunity in the coming years?

Accepted Answer

Adoption of precision agriculture and creation of biotech characteristics for developing markets provides an opportunity for agricultural biotechnology manufacturers to expand their reach and tap into a broader customer base.

Question 6

6.	How did COVID-19 impact the global agricultural biotechnology market?

Accepted Answer

COVID-19 impacted the global agricultural biotechnology market with disruptions in supply chains, labor shortages, and delays in research activities, affecting the adoption of biotechnological solutions in agriculture.

Question 7

7.	Which region accounted for the largest share in the global agricultural biotechnology market?

Accepted Answer

North America accounted for the largest share in the global agricultural biotechnology market driven by gene editing advancements and precision farming adoption.