Asia Pacific Agricultural Biotechnology Market 2020-2030

Asia Pacific agricultural biotechnology market will grow by 15.8% annually with a total addressable market cap of $130.9 billion over 2021-2030 owing to the rising population, the burgeoning demand for food, and the rising adoption of enhanced technologies for crop cultivation. 

Biotechnology is a technology that utilizes biological systems, living organisms, or parts of this to develop or create different products. Brewing and baking bread are instances of processes that fall within the concept of biotechnology to produce the desired product). Such traditional processes usually utilize the living organisms in their natural form (or further developed by breeding), while the more modern form of biotechnology will generally involve a more advanced modification of the biological system or organism. Today, biotechnology covers many different disciplines. New technologies and products are developed every year within the areas of agriculture which includes development of genetically modified plants, biofuels, biological treatment. Agricultural biotechnology is built with competencies and technical skills that describe the fundamental use of it in plant as medicine and food and defined as a set of tools that use living organisms or parts of it to make or modify a product, improve plants, trees, or develop microorganisms for specific uses pertaining to food production as a big picture to provide food security to the people

The agricultural biotechnology market is growing due to the increased incidence of chronic diseases and the rise in technological advancement. Moreover, an increasing number of product approval is another factor that accelerating the biotechnology market growth. The agricultural biotechnology sector (Ag Biotech) shares a common scientific foundation with the therapeutic biotechnology sector, including similar characteristics of a lengthy time to market for emerging products. But the challenges, goals, and opportunities for agricultural applications of biotechnology provide a very different context for innovation and entrepreneurs. Now just 30 years old, the Ag Biotech sector is entering its third cycle of innovation, with the first wave being agricultural biotechnology trait creation followed by a second wave of Ag Biotech trait commercialization. The agricultural trait segment continues to focus on two product categories, herbicide tolerance and insect resistance, in spite of few entrepreneurial opportunities available. However, Ag Biotech applications to chemistries, biopesticides, microbials, and natural products offer new opportunities. These sectors offer new business opportunities that, like the first wave of Ag Biotech, enable entrepreneurs to think about creating disruptive businesses, not just disruptive technologies for today’s business models. Everything in life has its benefits and risks, and genetic engineering is no exception. Much has been said about potential risks of genetic engineering technology, but so far there is little evidence from scientific studies that these risks are real. Transgenic organisms can offer a range of benefits above and beyond those that emerged from innovations in traditional agricultural biotechnology, these innovation in genetic engineering segment propels the market for agricultural biotechnology. Application of this practice among the agriculture market helped the farmer in many ways. Firstly, using of these practices helps to achieve desired results in terms of product quality for the farmer and with respect to the consumer. The biotech agricultural practice also helps to increase the nutrient value of the product which is desirable for the seller as well as the buyer. Also, the biotech have recently focused on developing crops with higher resistance to climate and insects which eliminates the risk of environmental change and also deduce the use of chemical fertilizers.  

Agricultural biotechnology has the potential to advance crop productivity production enhancement and improve food security at regional as well as global level. There is a growing alarm about the genetically engineered crops and its environment effects on food chain. Though, acceptance of such technologies has consequences, there is need for creating biosafety regulatory systems to decrease and eradicate possible potential risks arising from agricultural biotechnology on flora and fauna. For example,  India, as a party to the Convention on Biological Diversity and Cartagena Protocol, has acquired the responsibility of strengthening her biosafety structure very sincerely. 

COVID-19 Impact
The market was affected by the pandemic with situations like lockdowns and economic distress. But practices like agriculture were essential for sustaining the population and thus were affected moderately. The demand for non-toxic products during the pandemic saw a rise in with the consumer shifting towards more health-conscious trends. Along with this the need for better yield boosted the market growth. But on the other hand, the market also faced problems as the high initial cost was something the farmers were not looking forward to during economic uncertainty.

The report “Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific agricultural biotechnology market in every aspect of the classification from perspectives of Product, Technology, Application, and Country.

Based on Product, the Asia Pacific 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 Asia Pacific 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 Asia Pacific 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:
• Japan
• China
• South Korea
• Australia
• India
• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)

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.)

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