The global agricultural biotechnology market size was valued at USD 151.27 billion in 2024 and it is predicted to surpass around USD 303.18 billion by 2034 with a CAGR of 7.20% from 2025 to 2034.
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Agricultural Biotechnology Market Overview
Agricultural biotechnology is rapidly transforming global farming practices by integrating biological techniques with agriculture to improve crop yield, pest resistance, and overall productivity. From genetically modified organisms (GMOs) to advanced gene editing and bio-pesticides, the sector is driving innovations that support sustainable agriculture and food security.
According to recent data, the global agricultural biotechnology market was valued at USD 151.27 billion in 2024 and is projected to reach approximately USD 303.18 billion by 2034, expanding at a compound annual growth rate (CAGR) of 7.20% from 2025 to 2034. This strong growth reflects a rising global demand for food, climate-resilient crops, and more sustainable agricultural practices.
Agricultural Biotechnology Market Growth
The market’s robust expansion is primarily driven by the increasing adoption of genetically engineered crops. These crops offer enhanced traits such as drought tolerance, pest resistance, and improved nutritional profiles, making them indispensable in regions facing climate variability and food scarcity. As more countries embrace biotech regulatory frameworks, the commercialization of bioengineered crops is expected to accelerate further.
In addition to crop improvements, advancements in biotechnology are also supporting precision farming. Techniques like marker-assisted selection and CRISPR gene editing are enabling farmers and researchers to develop targeted solutions for region-specific agricultural challenges, thereby boosting crop performance and reducing dependency on chemical inputs.
Agricultural Biotechnology Market Dynamics
Drivers
- Rising global food demand due to population growth
- Increasing awareness of sustainable agricultural practices
- Technological advancements in genetic engineering and molecular biology
Challenges
- Regulatory hurdles and public skepticism around GMOs
- High R&D costs and long product development timelines
- Ethical and environmental concerns over gene modification
Opportunities
- Expansion into untapped emerging markets
- Development of climate-resilient crop varieties
- Integration with digital agriculture and AI for smart farming
Agricultural Biotechnology Market Trends
- CRISPR and Gene Editing Surge: Widespread adoption of CRISPR for developing disease-resistant and high-yield crops.
- Rising Demand for Bio-Pesticides: Increasing preference for eco-friendly pest management solutions.
- Expansion in Emerging Markets: Countries in Asia-Pacific and Latin America are rapidly investing in biotech R&D and infrastructure.
- Sustainable Farming Practices: Biotechnology is being leveraged to reduce the environmental footprint of agriculture.
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Top Companies in Agricultural Biotechnology Market
- Bayer Crop Science (including Monsanto)
- Syngenta AG
- Corteva Agriscience
- KWS SAAT SE
- Dow AgroSciences
- FMC Corporation
- DuPont Pioneer
- Evogene Ltd.
- Zoetis Inc.
Agricultural Biotechnology Market Segments
By Type
- Genetically Modified (GM) Seeds
- Biologicals (bio-fertilizers, bio-pesticides)
- Biotech-enhanced traits and inputs
By Application
- Crop Production
- Animal Biotechnology
- Nutritional Enhancements
- Bioprocessing and Biomanufacturing
By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Future Outlook
The agricultural biotechnology market is poised to become a cornerstone in addressing some of the most pressing global challenges, including food security, climate resilience, and environmental sustainability. As the world population continues to rise and arable land becomes increasingly scarce, the demand for innovative, science-driven agricultural solutions is growing rapidly. Agricultural biotechnology offers transformative potential by enabling the development of high-yield, pest-resistant, and climate-tolerant crop varieties, which are essential for sustainable food production. Over the next decade, increased investment in research and development (R&D), alongside supportive regulatory frameworks and international collaborations, will accelerate the commercialization and deployment of biotech innovations. Key areas of growth are likely to include genome editing technologies such as CRISPR, synthetic biology, precision breeding, and bioinformatics tools that enhance crop performance and resource efficiency.
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