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Synthetic Biology in Agriculture Market Size to Reach USD 71.9 Billion by 2032

19 Dec 2024
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Agriculture

The Synthetic Biology in Agriculture market, valued at USD 4.3 Billion in 2023, is projected to surpass USD 71.9 Billion by 2032, indicating a robust CAGR of 36.9%

Synthetic biology in agriculture involves applying advanced genetic engineering and biotechnological tools to modify crops and agricultural processes, enhancing their productivity, sustainability, and efficiency. It enables the precise editing of plant genomes to introduce desirable traits such as pest resistance, drought tolerance, improved nutritional content, and higher yields. Synthetic biology also facilitates the development of bio-based fertilizers, eco-friendly pesticides, and engineered microbes that promote soil health and nutrient optimization.

Synthetic Biology in Agriculture Market Statistics

The importance of synthetic biology in agriculture lies in its potential to address global challenges such as food security, climate change, and resource scarcity. By improving crop resilience to environmental stressors, it ensures stable food production even under adverse conditions. The technology also reduces dependence on chemical inputs, promoting sustainable farming practices and minimizing environmental damage.

Additionally, synthetic biology accelerates innovation in agricultural biotechnology, supporting global efforts to create a more resilient and efficient food system. Its role is vital in meeting the demands of a growing population while safeguarding natural resources for future generations.

Synthetic Biology in Agriculture Market Statistics

  • The global synthetic biology in agriculture market generated USD 4.3 billion in 2023 and is expected to grow at a robust CAGR of over 36.9% from 2024 to 2032
  • North America led the market in 2023, contributing USD 1.68 billion in revenue
  • The Asia-Pacific region is projected to experience significant growth with a CAGR of 38%
  • A discernible trend in the synthetic biology in agriculture market is increasing development of bio-based fertilizers and pesticides for sustainable farming

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Synthetic Biology in Agriculture Market Dynamics

Growing Need for Efficient Crop Production and Pest Control Fuels the Synthetic Biology in Agriculture Market Value

The growing need for efficient crop production and pest control is a major driver of the synthetic biology in agriculture market. With the global population increasing, there is rising pressure to produce more food using limited resources like land and water. Synthetic biology offers innovative solutions such as genetically modified crops with higher yields and resistance to pests and diseases. Additionally, bio-based pesticides and fertilizers derived from synthetic biology provide eco-friendly alternatives to traditional chemical products. These advancements help reduce crop losses, improve productivity, and ensure sustainable farming practices. As a result, the demand for synthetic biology technologies in agriculture continues to grow rapidly.

Innovation in Bio-Based Fertilizers and Pesticides Offer Significant Synthetic Biology in Agriculture Market Opportunity

Innovation in bio-based fertilizers and pesticides presents a significant opportunity in the synthetic biology in agriculture market. Unlike traditional chemical inputs, bio-based products are environmentally friendly and sustainable, addressing growing concerns about soil health and ecological balance. Synthetic biology enables the creation of precision-engineered microbes and enzymes that enhance nutrient availability and improve pest control efficiency. These innovations reduce reliance on harmful chemicals, supporting organic and sustainable farming practices. With increasing demand for eco-friendly agricultural solutions, bio-based fertilizers and pesticides are poised to revolutionize crop management. This trend aligns with global efforts to combat climate change and improve agricultural sustainability.

Synthetic Biology in Agriculture Market Segmentation

The global market for synthetic biology in agriculture has been segmented into technology, crop type, and application, and region.

  • Technology is classified into synthetic biology platforms, metabolic engineering, genome sequencing, gene editing, and other technologies
  • Crop type are divided into oilseeds and legumes, fruits and vegetables, cereals and grains, and other crops
  • Application are categorized into livestock improvement, food additives and ingredients, crop yield improvement, crop protection, and other applications
  • The synthetic biology in agriculture market is geographically split into Europe, North America, Latin America, APAC, and the Middle East and Africa

Synthetic Biology in Agriculture Market Regional Outlook

In terms of synthetic biology in agriculture market analysis, North America dominates the market due to its advanced biotechnology infrastructure, robust financing for R&D, and well-established agriculture sector. For example, agriculture, food, and related companies will contribute USD 1.53 trillion to US GDP in 2023, accounting for 5.6% of the total. The output of America's farms generated USD 203.5 billion, or approximately 0.7% of US GDP. Leading synthetic biology businesses and suitable regulatory frameworks help to drive market expansion. Furthermore, the increasing use of gene editing technologies such as CRISPR in crop production reinforces the region's leadership.

The Asia-Pacific area is seeing tremendous market growth as a result of rising food demand from a big and growing population. Countries such as China and India are spending extensively in agricultural biotechnology to boost crop yields, pest resistance, and the sustainability of their well-established agricultural industries. For example, as per India Brand Equity Foundation (IBBF), India is a global leader in agriculture, providing a key source of income for around 55% of its population. The region's vulnerability to climate change and environmental concerns fuels the adoption of synthetic biology solutions. Rising awareness of novel farming practices, as well as government measures to modernize agriculture, all contribute to this rapid rise.

Synthetic Biology in Agriculture Market Players

Synthetic biology in agriculture companies profiled in the report include Regeneron Pharmaceuticals, Genentech, Roche, Incyte, Amgen, Biogen, Sanofi, Pfizer, Abiomed, BioMarin Pharmaceutical, Novartis, and Celgene.

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