Agricultural Biotechnology Industry Trends, Share and Future Analysis

The agricultural biotechnology market size is projected to cross $55.5 million by 2023, growing at a CAGR of 10.1% during 2017-2023. The market is growing mainly due to the increasing demand of agricultural biotechnology products include; the growing population size, rising per capita income, growing demand for biofuel, thriving demand for transgenic crops and regulatory support in the U.S. and Brazil.

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It has been observed that over the last decade biofuels have become a promising solution in solving environmental, and economic challenges associated with petroleum dependency and provide energy security. This increase in demand for fossil fuels is because it provides fuel security and produces less pollution, as compared to other conventional fossil fuels such as petroleum, coal and gas. Developed countries in the Europe and North America are beginning to see declines in liquid fuels consumption from the road transportation sector, due to increased vehicle fuel efficiency and growing interest in alternative fuel vehicles. For instance, according to the United States Department of Agriculture (USDA), EU-27 has a minimum target of 5.75% biofuel in 2010 and aims to increase it to 10.0%, by 2020. Also, the U.S. passed a Renewable Fuel Standard (RFS) in 2007 of 12 billion gallons of ethanol and 650 million gallons of biodiesel in 2010. The requirement for renewable fuel increases every year and it is expected to reach 36 billion gallons in 2022, further supporting the demand for agricultural biotechnology products and driving the growth of the agricultural biotechnology market.

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Key players in the agricultural biotechnology market are entering into partnerships with other firms to improve their position in the market. For instance, November 2017, ADAMA Agricultural Solutions Ltd. and Ceradis B.V. entered into an R&D agreement to develop new, innovative and sustainable crop protection products based on ADAMA’s active ingredients and Ceradis’ technology.

Some of the key players operating in the agricultural biotechnology market include Syngenta AG, Performance Plants Inc., Monsanto Company, Certis USA LLC, BASF SE, Vilmorin & Cie, Evogene Ltd., ADAMA Agricultural Solutions Ltd., KWS SAAT SE, DowDuPont Inc., and Global Bio-chem Technology Group Company Limited.

Source: P&S Intelligence

Microbial Identification Industry Top Manufactures, Segment and Key Players Analysis Report 2022

The microbial identification market size is projected to reach $1.4 billion by 2022, growing at a CAGR of 6.0% between 2016-2022. The increasing incidence of infectious diseases, increasing healthcare spending, increasing food safety concerns, and technological advancement in microbial identification are driving the growth of the market.

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Traditional identification techniques require subculture on selective medium, gram staining or biochemical testing and colony isolation, which are time consuming and require intensive effort. The advances in technology have made detection and microbial identification more specific, faster, sensitive and convenient, than traditional assays.

The rapid identification of microorganisms in clinical microbiology laboratory for infections caused by virus, fungi, mycobacterium, parasites and bacteria are needed for patient management for infections. Genotypic microbial identification provides technological advancement in the field of microbial identification. The new methods are rapid, provide high throughput time, and cost are effective. MALDI-TOF method is the widely accepted method due to rapid results, and low consumable cost. It is compatible with large range of culture media and culture conditions. The test only requires a single colony and minimal consumables are required.

North America dominated the microbial identification market, due to increasing awareness about infectious diseases in the region, increasing healthcare expenditure leading to more research and development activities, and technological advancements with advent of innovative products. Furthermore, increasing food safety concerns and development of healthcare infrastructure is expected to drive the market growth.

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The key companies operating in the microbial identification market include Becton, Dickinson and Company, Danaher Corporation, Siemens AG, Shimadzu Corporation, BioMerieux SA, Thermo Fisher Scientific Inc., Qiagen N.V., Midi Inc, Charles River Laboratories Inc., Biolog Inc. and Bruker Corporation.

Source: P&S Intelligence