Market Overview - The agricultural biotechnology market is projected to grow from USD 118.2 billion in 2024 to USD 252.1 billion by 2035, with a compound annual growth rate (CAGR) of 11.6% from 2025 to 2035 [1] - The market is driven by innovations that promote sustainable farming methods and enhance the ecological efficiency of agricultural systems [1] Growth Drivers - The United Nations estimates a global population of approximately 10 billion by 2050, a 30% increase from 2017, necessitating advancements in agricultural biotechnology to boost crop yields and productivity [3] - Biotechnological techniques such as genetic engineering enable the development of crops with desirable traits, including pest and disease resistance, drought tolerance, and enhanced nutritional value [3] Market Segmentation - The market is segmented by product type, including crop protection products (bio-stimulants, bio-pesticides) and transgenic seeds (soybean, maize, cotton) [6] - Organism types include plants, animals, and microbes [6] - Technologies involved encompass genome editing, tissue culture, synthetic biology, and genetic engineering [6] - Applications range from vaccine development to biofuels [6] - Geographically, the market covers regions such as North America, Europe, Asia Pacific, the Middle East and Africa, and South America [6] Key Players - Major companies in the agricultural biotechnology sector include Thermo Fisher Scientific, Bayer AG, Corteva Agriscience, and BASF SE among others [9]