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Global Agricultural Biotechnology Market to Reach $46.8 Billion in 2019; Biotech Tools Surging at 49.9% CAGR


News provided by

BCC Research LLC

09 Dec, 2014, 14:00 GMT

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WELLESLY, Massachusetts, December 9, 2014 /PRNewswire/ --

BCC Research reveals in its new report, Agricultural Biotechnology: Emerging Technologies and Global Markets, the global market for agricultural biotechnology is expected to grow to $46.8 billion by 2019, with a five-year compound annual growth rate (CAGR) of 11%. The biotechnology tools category, the fastest growing segment of the market, is moving at phenomenal 49.9% CAGR.

     (Logo: http://photos.prnewswire.com/prnh/20140805/700528 )

Rapid changes in highly technical fields such as DNA sequencing, genome editing, and synthetic biology are driving new products and applications in agriculture. Indeed, increasing demand for seeds that can produce higher crop yields and resistance to plant stresses and threats, ongoing innovations in enabling biotechnologies, and a growing demand for environmentally-friendly crop protection products will drive significant growth in this market, which is segmented into biotechnology tools, genomic-enabled products, and biologicals, for the foreseeable future.  

Genomic-enabled products, the largest segment of the overall market, include transgenic seeds and synthetic biology-enabled products, which use plant feedstocks. This segment is expected to reach $38.6 billion in 2019 to register a CAGR of 10%.

However, the biotechnology tools category, including DNA sequencing, biochips, RNA interference, synthetic biology, and genome editing tools comprise a small but high-growth segment of the market. These tools enable the development of better plant breeding programs, as well as novel plant traits, thus enhancing downstream agricultural markets. This segment, which was valued at just $136.8 million in 2013, is expected to jump to nearly $1.3 billion by 2019.

Meanwhile, the biologicals segment, which includes biopesticides and biostimulants, is expected to reach $7 billion by 2019 and register a healthy 13.7% CAGR.

North America and South America are the leading geographic markets for agricultural biotechnology products. South America and Asia are forecast to have high growth rates in their markets due to favorable regulatory climates as well as new transgenic crops. The market for biologicals in Europe will help to drive growth in that geography.

"Several of the key market segments, including transgenic seeds and biopesticides, are characterized by a consolidated industry structure consisting of six large agricultural companies," said BCC Research biotechnology analyst John Bergin.  The agricultural biotechnology tools industry, by contrast, is much more fragmented.  The large agricultural companies maintain active alliances with the biotechnology companies, allowing them to participate in the upside of new genomics technologies that will enhance their breeding and seed development programs.  

Agricultural Biotechnology: Emerging Technologies and Global Markets provides an overview of the global market for agricultural biotechnology. It includes analyses of global market trends, with data from 2013, estimates for 2014, and projections of CAGRs through 2019.

Editors and reporters who wish to speak with the analyst should contact Steven Cumming at steven.cumming@bccresearch.com.

About BCC Research 

BCC Research publishes market research reports that make organizations worldwide more profitable with intelligence that drives smart business decisions. These reports cover today's major industrial and technology sectors, including emerging markets. For more than 40 years we've helped customers identify new market opportunities with accurate and reliable data and insight, including market sizing, forecasting, industry overviews, and identification of significant trends and key market participants. We partner with analysts who are experts in specific areas of industry and technology, providing unbiased measurements and assessments of global markets. Recently selected as the world's greatest market research company, BCC Research is a unit of Eli Global, LLC.

Visit our website at www.bccresearch.com.

Contact us: (+1) 781-489-7301 (U.S. Eastern time), or email information@bccresearch.com.

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC, 49-2 Walnut Park, Wellesley, MA 02481, Telephone: (+1) 781-489-7301; Email: editor@bccresearch.com as the source and publisher.

Contact:

Steven Cumming

Tel: +1-978-870-3345

Fax: +1-781-489-7308

Email: steven.cumming@bccresearch.com

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