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Latin America Agricultural Biotechnology Market By Application (synthetic Biology Enabled Products, Tools And Transgenic Crops) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2022 to 2027).

Published: March, 2023
ID: 6053
Pages: 145
Formats: report pdf report excel report power bi report ppt

Latin America Agricultural Biotechnology Market Size, Growth, Trends and Forecast:

Latin America Agricultural Biotechnology Market was worth USD 4.59 billion in 2021 and estimated to be growing at a CAGR of 10.83%, to reach USD 6.99 billion by 2026.

Transgenic crops increase the agricultural productivity and benefit producers, consumers and farmers in terms of improved yield and crop quality. Genetically modified or transgenic crops are among the top end users of agricultural biotechnology. Agricultural biotechnology could advantage consumers and also producers and farmers.

Latin America Agricultural Biotechnology Market Drivers:

Transgenic cropping method offers more crop varieties to consumers than cross pollination or any natural process can offer. It provides higher & improved yield, resistance to pests, longer shelf life and high nutritional value due to which food grains demand supply gap is reduced. This is expected to drive the market. Increase in the demand for bio-fuel due to exhausting conventional resources is further expected to fuel the market growth.

Latin America Agricultural Biotechnology Market Segmentation:

Latin America Agricultural Biotechnology Market – By Application:

  • synthetic biology enabled products

  • tools
  • transgenic crops
  • corn
  • soyabean
  • cotton

Transgenic crops are expected to account for a major share of the market revenue. Corn and soyabean are the mostly widely consumed crops. Soyabean is expected to grow at the highest rate during the forecast period. Synthetic biology-enabled products and tools, on the other hand are growing at a slower pace considering their smaller shares in the past.

Geographical Analysis:

On the basis of geography, the market is analysed under various regions namely Argentina, Brazil, Mexico and rest of Latin America. Brazil is expected to grow at  a high CAGR.

Key Players:

  • Dow AgroSciences
  • Vilmorin
  • Certis USA
  • KWS SAAT AG
  • Monsanto,
  • Syngenta
  • Evogene Ltd
  • Bayer Crop Science and DuPont

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