A report published by Credence Research forecasts a 6.97% growth of the agricultural biotechnology market from 2023-2030. North America has the highest market percentage compared to other regions.
The agricultural biotechnology market was segmented based on various factors, such as type, technology, and application. Hybrid seed is the most dominant type since it has more than 40% market share, and genetc engineering is the leading technology phase since it has more than 30% share. In terms of application, crop production dominates the market with more than 30% share.
The report provided a market overview and discussed the market insights, current market trends, and key players in the market. The report also analyzed the market drivers, market restraints, and market opportunities.