According to the research report titled ‘Global Agricultural Biotechnology Market 2022-2028’, available with MarketStudyReport, global agricultural biotechnology market is projected to reach USD 69,932 million by the year 2028, witnessing a 6.8% CAGR during the analysis timeframe.

Mounting per capita income, technological advancements, and rising demand for higher crop yields are some of the main factors driving the expansion of global agricultural biotechnology market.

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For the uninitiated, agricultural biotechnology refers to a variety of instruments, including conventional breeding methods, that modify living organisms or sections of organisms to create or modify products, enhance plants or animals, or create microbes for agricultural uses.

Notably, the research study on the ‘global agricultural biotechnology market’ provides an in-depth analysis of the present business vertical like the key trends, obstacles & restraints, and other elements that are impacting the overall market growth.

The report also offers exclusive insight into the market size, share, volume, competitive landscape, revenue scale, and estimated growth rate during the anticipated timeframe. Moreover, the major impact of the COVID-19 crisis on the overall marketplace has also been examined in this report in detail.

Apart from this, the industry report offers estimates based on the various market segmentation such as product landscape and regional contribution.

With respect to the product landscape, global agricultural biotechnology market is fragmented into biotechnology tools, biologicals, biotech seats, and others. Out of these, the biotech seeds segment accounted for the largest share in 2021 and is anticipated to continue with its momentum during the forecast period.

On the basis of regional segmentation, the market is divided into Asia Pacific, North America, Europe, and the rest of the world.

Yuan Longping High-Tech Agriculture Co. Ltd., Vilmorin & Cie SA, Sakata Seed Corporation, KWS SAAT SE & Co. KGaA, KANEKO SEEDS Co. Ltd., Genapsys Inc., DLF Seeds A/S, Corteva Inc., China National Chemical Corporation, Cargill Inc., Bayer AG, BASF SE, AgReliant Genetics LLC, Advanta Limited, and ADAMA Ltd. are the prominent companies in global agricultural biotechnology industry landscape.