global agricultural biotechnology market development and demand forecast to 2020
TRANSCRIPT
GLOBAL INDUSTRY INSIGHT: Agricultural Biotechnology Market Development and Demand Forecast
to 2020
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Global Agricultural Biotechnology Market Development and
Demand Forecast to 2020
The agricultural biotechnology market is growing at a significant rate due to growing cultivation area of genetically
modified crops and rising demand for bio fuels. Increased research and development activities and regulatory
support in Asia-Pacific and Africa are giving ample opportunities to the agricultural biotechnology market to grow
at a significant rate in the coming years. North America dominates the agricultural biotechnology market due to
greater focus on bio-services and higher adoption of biopharmaceuticals.
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analysis/agricultural-biotechnology-market
Biotechnology has extensive opportunity in science based companies and research firms. Biotechnology is
significantly useful in the area of medicine and healthcare. The pharmaceutical industry is witnessing several
biotechnologies related research and development activities. Bioinformatics and Pharmaco-genomics are
interdisciplinary fields, which have stemmed from biotechnology, and considerable development has been made
in the areas of drug delivery, personalized medicine and drug discovery. Biotechnology ensures high crop yield,
better crop quality and better nutritional value of crops in the area of agriculture.
Agricultural biotechnology is a collection of tools and scientific procedures used on living organisms and plants for
improving agricultural crop productivity. Agricultural biotechnology is mainly used to modify the genome sequence
of crops and the crops are termed as transgenic or genetically modified crops. Agricultural biotechnology benefits
producers and farmers by yielding more crop and high-quality food.
Agricultural biotechnology is used by various methods such as molecular markers, vaccines, genetic engineering,
tissue culture and molecular diagnostics. Genetic engineering is to transfer useful characteristics, such as
resistance, to a disease with the help of genes from one organism to another. Molecular markers are used by
scientists to select plants or animals that possess a desirable gene, even in the absence of a visible trait. For
instance, the molecular markers are used by International Institute of Tropical Agriculture to obtain disease
resistant white yam, cowpea resistant to bruchid and cassava resistant to cassava mosaic disease. Molecular
diagnostics are used to detect genes that are very specific and are mainly used in agriculture to diagnose crop or
livestock diseases more accurately. Biotechnology derived vaccines are used in livestock and humans. In
Philippines, biotechnology was used to develop an enhance vaccine to protect water buffalo and cattle against
hemorrhagic septicemia, which is a leading cause of death for water buffalo and cattle. Tissue culture is used to
regenerate plants in laboratory from disease free plant parts. Some of the crops produced by using tissue culture
are pineapples, bananas, avocados, mangoes, citrus, papaya and coffee.
On the basis of technologies, the agricultural biotechnology market can be categorized as crop modification
platforms, genome editing, agricultural biological, crop technologies, seed technologies, next generation
sequencing, biochips, synthetic biology, agricultural biotechnology tools and ribonucleic acid (RNA) interference.
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Global Agricultural Biotechnology Market Development and
Demand Forecast to 2020
The agricultural biotechnology market can also be categorized on the basis of applications, such as synthetic
biology enabled products and tools, and transgenic crops. Transgenic crops include soybean, cotton and corn.
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Some of the factors driving the growth of the agricultural biotechnology market are increasing demand for food
and regulatory support in the U.S. and Brazil. Strong opposition for genetically modified (GM) crops in Europe is
one of the major factors restraining the growth of the agricultural biotechnology market to some extent.
Some of the competitors in the agricultural biotechnology market are Dow AgroSciences LLC, Global Bio-chem
Technology, Performance Plants Inc., Syngenta AG, Bayer CropScience AG, KWS SAAT SE, Pioneer Hi-Bred
International Inc., Monsanto Company, ADAMA Agricultural Solutions Ltd, Evogene Ltd, Mycogen Seeds, Certis
USA, and Vilmorin & Cie SA.
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