Agricultural Biotechnology - Global Market Outlook (2017-2026)

Global Agricultural Biotechnology Market is accounted for $20.19 billion in 2017 and is expected to reach $51.93 billion by 2026 growing at a CAGR of 11.1%. Some of key factors influencing the market growth include increasing demand for bio fuels, growing transgenic crops demand owing to rising food demand, rising per capita income and growing population size. However, strong concern about genetically modified crops and low acceptance by consumers, stringent rules and regulations related to the registration of products are restricting the market growth.