The Worldwide Agricultural Biotechnology for Transgenic Crops Industry is Expected to Reach $12 Billion by 2026 – ResearchAndMarkets.com – QNT Press Release

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The “Global Agricultural Biotechnology for Transgenic Crops Market (2021-2026) by Type, Crop, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.

The Global Agricultural Biotechnology for Transgenic Crops Market is estimated to be USD 5.23 Bn in 2021 and is expected to reach USD 12.07 Bn by 2026, growing at a CAGR of 18.2%.

A Transgenic or genetically modified organism has either combined DNA from different genomes or foreign DNA into a genome. The use of biotechnology to genetically modify plants by transferring specific DNA from one organism to another is used to produce transgenic crops. Factors like increasing demand for crops that combat environmental challenges like diseases, pests, and drought, rising demand for biofuels, the growing cultivation area of ​​genetically manufactured crops, and integration of data science & predictive analysis to monitor crop health are some of the driving factors for the market. Whereas strong opposition to genetically manufactured crops in Europe and excessive commercialization are major restraints for the market.

Tailored solutions to meet the demands of every farmer and increased research activities in …

Full story available on Benzinga.com

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