The global agricultural biotechnology market is projected to have a 10.1
percent compound annual growth rate from 2015 to 2022, which may reach
US$39.5 billion by 2022. This is according to the report released by HTF
Market Intelligence Consulting titled Agricultural Biotechnology - Global
Market Outlook (2016-2022).
The report analyzed the market trends in North America, Europe,
Asia-Pacific, and the rest of the world. They also looked at the performance
of important players in the industry. It aims to provide insights on current
and future trends, focusing on growth prospects for forecast period of
According to the report, the growth of the agri-biotech market is driven by
increased capital inflow and investments for industry participants, as well
as research and development in the Asia-Pacific and African regions.
However, stringent government regulations and resistance tobiotech crops may
slow down the growth of the market.