North America Agricultural Biotechnology Market 2020-2030

North America agricultural biotechnology market is expected to grow by 8.7% annually in the forecast period and reach $45.92 billion by 2030 owing to the rising population, the burgeoning demand for food, and the rising adoption of enhanced technologies for crop cultivation. Agricultural biotechnology is an area of agriculture that involves the use of scientific tools and processes to improve crop performance. It is also known as Agritech. Agricultural biotechnology is generally utilized to increase the production of agricultural crops. It is a set of various scientific techniques & methods that can be applied to plants or other living things. The use of agricultural-biotechnology to modify the genomic sequence of different crops is widespread. Genetically-modified and transgenic crops are crops that have been distorted in some way. This technique helps to increase the resistance of plants to various viruses & diseases, as well as improve agricultural productivity. With outstanding food quality and high crop yield, agricultural-biotechnology has benefited farmers, producers, and consumers. The increased adoption of biotechnology tools, to modify the characteristics of organisms such as plants, microbes and animals, is expected to be a driving force for the growth of this technology in the market.

The North-America agriculture biotechnology market is driven by growth in adoption of genetically modified (GM) crops, followed by rise in demand for innovative breeding techniques, increase in disposable income of people and growth in adoption of enhanced technologies for crop cultivation. However, strict regulations imposed by the government around the world are major hamper factors for regional market. Moreover, extensive use of the technology in the agricultural sector is a key opportunity for market. The application of biotechnology in agriculture has resulted in benefits to farmers, producers, and consumers. Biotechnology has helped to make both insect pest control and weed management safer and easier while safeguarding crops against disease.

For example, genetically engineered insect-resistant cotton has allowed for a significant reduction in the use of persistent, synthetic pesticides that may contaminate groundwater and the environment. In terms of improved weed control, herbicide-tolerant soybeans, cotton, and corn enable the use of reduced-risk herbicides that break down more quickly in soil and are non-toxic to wildlife and humans. Herbicide-tolerant crops are particularly compatible with no-till or reduced tillage agriculture systems that help preserve topsoil from erosion. Agricultural biotechnology has been used to protect crops from devastating diseases. The papaya ringspot virus threatened to derail the Hawaiian papaya industry until papayas resistant to the disease were developed through genetic engineering. This saved the U.S. papaya industry. Research on potatoes, squash, tomatoes, and other crops continues in a similar manner to provide resistance to viral diseases that otherwise are very difficult to control all of this increases the yield and decrease the loss for the agricultural practices, leading to better adoption.

Biotech crops can make farming more profitable by increasing crop quality and may in some cases increase yields. The use of some of these crops can simplify work and improve safety for farmers. This allows farmers to spend less of their time managing their crops and more time on other profitable activities. Biotech crops may provide enhanced quality traits such as increased levels of beta-carotene in rice to aid in reducing vitamin A deficiencies and improved oil compositions in canola, soybean, and corn. Crops with the ability to grow in salty soils or better withstand drought conditions are also in the works and the first such products are just entering the marketplace. Such innovations may be increasingly important in adapting to or in some cases helping to mitigate the effects of climate change. These advantages of Biotech crops leads the market to a substantial growth.

The tools of agricultural biotechnology have been invaluable for researchers in helping to understand the basic biology of living organisms. For example, scientists have identified the complete genetic structure of several strains of Listeria and Campylobacter, the bacteria often responsible for major outbreaks of food-borne illness in people. This genetic information is providing a wealth of opportunities that help researchers improve the safety of our food supply. The tools of biotechnology have "unlocked doors" and are also helping in the development of improved animal and plant varieties, both those produced by conventional means as well as those produced through genetic engineering. Health benefits like this is steering the market towards greater adoption of Agricultural biotechnology.

COVID-19 Impact

The pandemic affected the agricultural market moderately, as the practices of agriculture are one of the few essential activities to be continuously conducted. During the pandemic the market saw an increase in adoption of biotechnology as these products helped in getting better yields. With the onset of pandemic health conscious behaviour amongst the consumer had increased, biotechnology is an alternative which was used by the famers in place of application of pesticides. However, the high cost of this practice and the complexity of the process acted as an obstacle.

The report “North America Agricultural Biotechnology Market 2020-2030 by Product (Biotech Seeds, Biologicals, Biotechnology Tools), Technology (Genome Editing, Synthetic Biology, Genetic Engineering, Marker-assisted Breeding, Plant Breeding, Germplasm), Application (Foliar Spray, Seed Treatment, Soil Treatment), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America agricultural biotechnology market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate and forecast from 2020 till 2030 with 2019 as the base year (Year 2020 is not appropriate for research base due to the outbreak of COVID-19).

In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces

The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify North America agricultural biotechnology market in every aspect of the classification from perspectives of Product, Technology, Application, and Country.

Based on Product, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Biotech Seeds
Biotech Seeds by Breeding Type:
o Transgenic Seeds
o Gene-edited Seeds
o RNAi-based Seeds
Biotech Seeds by Trait Type
o Stacked Traits
o Herbicide-tolerant Traits
o Insect-resistant Traits
o Desirable Traits
o Virus-resistant Traits
Biotech Seeds by Crop Type
o Soybean
o Maize
o Cotton
o Canola
o Alfalfa
o Sugar beet
o Papaya
o Potato
o Squash
o Other Crops
• Biologicals
o Biopesticides
o Biostimulants
o Biofertilizers
o Genetic Biologicals
• Biotechnology Tools
o DNA Sequencing
o Biochips
o Gene Editing
o Synthetic Biology
o RNA Interference
• Synthetic Biology-enabled Products
o Polymers
o Biofuels
o Enzymes
o Oils & Lubricants
o Other Renewables

Based on Technology, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Genome Editing
• Synthetic Biology
• Genetic Engineering
• Marker-assisted Breeding
• Plant Breeding
• Germplasm
• Other Technologies

Based on Application, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Foliar Spray
• Seed Treatment
• Soil Treatment
• Other Applications

Geographically, the following national/local markets are fully investigated:
• U.S.
• Canada
• Mexico
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2019-2030. The breakdown of key national markets by Product, Technology, and Application over the forecast years are also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Key Players (this may not be a complete list and extra companies can be added upon request):
ADAMA Agricultural Solutions Ltd.

BASF SE
Bayer AG
Benson Hill Inc.
Certis USA LLC
Corteva, Inc.
DuPont de Nemours, Inc.
Eurofins Scientific SE
Evogene Ltd.
Isagro Group
KWS SAAT SE & Co. KGaA
Marrone Bio Innovations, Inc.
Novozymes A/S
Performance Plants Inc.
Syngenta AG
Vilmorin & Cie S.A
Yield10 Bioscience, Inc.
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)