Agricultural Biotech Market Estimated to Reach US$293.35 Billion by 2034
August 28, 2024| |
Precedence Research report projected an 8.8% CAGR of the agricultural biotechnology market from 2024 to 2034. The market is estimated to reach a revenue of US$293.35 billion by 2034.
Agricultural biotechnology has many advantages, such as boosting the resistance of plants, enhanced crop output, and better food quality. It also has benefited farmers, producers, and consumers. Due to these reasons, the agricultural biotechnology market has steadily grown over the years.
Researchers analyzed the growth of the agricultural biotechnology market within the 10-year period. The team segmented the market based on application, kind of organism, type, technology, and region. The report discussed the competitive landscape, key players, driving factors, and ongoing trends. North America is expected to lead the market in the predicted time frame.
For more information, read the report from Precedence Research.
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