Agricultural biotechnology market – Dupont opened its integrated science and biotechnology center.
Recent Developments
Du Pont de Nemours and Company is a science and technology-based company in the United States and internationally. The company offers agriculture products, including the hybrid corn and soybean seed varieties primarily under the Pioneer brand; canola, sunflower, sorghum, wheat, and rice seeds; silage inoculants, and weed, insect, disease control products, as well as agronomic software. It also provides resins and films used in packaging and industrial polymer applications, sealants and adhesives, and sporting goods and supporting the Agricultural biotechnology market.
DuPont opened its first integrated science and biotechnology center, the DuPont Knowledge Center (DKC) in Hyderabad in 2008. It’s a 20-acre campus with recent acquisition of 5 acres for expansion
In March 2017, DuPont Inc. Entered into a definitive agreement with FMC Corporation to divest a part of DuPont’s Crop Protection business, including certain research and development capabilities, and to acquire substantially all of FMC’s Health and Nutrition business. This acquisition of the FMC’s Health & Nutrition business had intended to benefit from the combined, complementary strengths of DuPont and Dow, which included greatly expanded offerings and a robust pipeline across the seed germplasm, biotech traits, and crop protection to provide greater choice and innovation to growers around the world
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Market Segmentations
Market Data Forecast published a report named agricultural biotechnology market. "The agricultural biotechnology market worth was USD 35.85 billion in 2018 and estimated to be growing at a CAGR of 10.8%, to reach USD 59.87 billion by 2023.
Report is segmented by:
Application
synthetic biology enabled products
tools
transgenic crops
Transgenic crops are expected to account for a foremost share of the market revenue. Corn and soybean are the mostly widely consumed crops. Soybean is expected to grow at the highest rate during the forecast period. Synthetic biotechnology products and tools, on the other hand are growing at a slower pace considering their smaller shares in the past.
Geographical Segmentation:
Based on geography, the market is analyzed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Agricultural Biotechnology market was dominated by the North America. Europe is growing at a steady rate and Asia Pacific is expected to grow at the highest CAGR.
Key players in the market are -
Vilmorin
Dow AgroSciences
KWS SAAT AG
Certis USA
Monsanto
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Scope of the report:
The report proposals a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influencing in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers an outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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