Minichromosomal Technology In Agriculture Market Growing With Population Rise During the Forecast Period

Technology and agriculture incorporation is driving the growth in Global Minichromosomal Technology In Agriculture Market in the forecast period, 2022-2026.

According to TechSci Research report, Minichromosomal Technology In Agriculture Market – Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026”, The global minichromosomal technology in agriculture market has a potential to project an impressive CAGR toward forces growth in the period, 2022-2026, on the account of increasing scarcity of resources for the agricultural practices. The scarcity of the natural resources and increasing dependency on technology is anticipated to drive the growth of the global minichromosomal technology in agriculture market in the upcoming five years. Resources like limited arable land, lack of fresh water is further supporting the growth of the global minichromosomal technology in agriculture market in the next five years. Also, usage of farmlands for the industrialization, along with the increasing globalization and the decreasing quantity of the farmlands is aiding the growth of the global minichromosomal technology in agriculture market in the future five years. Flooding, salinification and desertification of the lands are some other phenomena that support the market growth. Rising global population and thus the increasing demands to feed them is requiring higher yields of food crops, thus driving the growth of the global minichromosomal technology in agriculture market in the forecast years, until 2026. Additionally, integration of genetic engineering in the agriculture sector is the technological advancement that is further driving the growth of the global minichromosomal technology in agriculture market in the forecast period.

Furthermore, demands of advanced technologies is increasing such that usage of pesticides and weedicides can be controlled the growth of the global minichromosomal technology in agriculture market in the next five years.

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The global minichromosomal technology in agriculture market is segmented on the basis of trait incorporated, crop type, end user, competitional landscape, and regional distribution. Based on trait incorporated, the market is further fragmented into drought tolerance, improved nitrogen use, herbicide tolerance, pest resistance, and others. Drought tolerance is the ability in the crop plants which maintains its biomass production during the arid of drought conditions. Often due to lack of nutrients, the ability is compromised, thus minichromosomal technology is utilized for creating various traits in the agricultural crops like drought tolerance, improved nitrogen use, herbicide tolerance, etc. Herbicide tolerance is the inherent ability of the crops that builds up a tendency and tolerance against herbicides and aids them to survive the herbicide treatments too.

Based on end users, the market is further segmented into agriculture & biotechnology companies, academic & research institutes, and others. Agriculture & biotechnology companies are anticipated to register largest revenue shares of the market and dominate the market segment on the account of increasing governmental and private funding. Academic & research institutes are also actively trying to increase their researches on minichromosomal technology such that its incorporation in agriculture can further aid the growth of the higher yielding crops, thus substantiating the growth of the global minichromosomal technology in agriculture market in the next five years.

Some of the market players, dominating the global market are :

  • Chromatin, Inc. (Syngenta)
  • Icon Genetics Inc. (Bayer AG)
  • Evogene Ltd.
  • Lonza Group AG
  • Precision Biosciences, Inc.

These market players along with new market entrants, are focused on extensive research and bringing innovative and advanced products. Technologically advancement in the minichromosomal technology for the agricultural practices would aid in decreasing the cost of the crop production and aid the players in managing their investments. Moreover, initiatives from the government and private fundings would support the global minichromosomal technology in agriculture market growth indirectly.

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“North America is anticipated to hold the largest revenue shares of the market and dominate the regional analysis on the grounds of well-established research institutes. The research institutes and biotechnology research centers are rapidly increasing and thus driving the growth of the global minichromosomal technology in agriculture market in the upcoming five years. Moreover, the incorporation of genetic engineering into agriculture sector is further supporting the growth of the global minichromosomal technology in agriculture market in the next five years. Also, plant genetic engineering has revolutionized agricultural sector and increasing scope of transgenic crops and other contemporary agriculture practices are further substantiating the growth of the global minichromosomal technology in agriculture market in the future five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Minichromosomal Technology In Agriculture Market – Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026, Segmented By Trait Incorporated (Drought Tolerance, Improved Nitrogen Use, Herbicide Tolerance, Pest Resistance, Others), By Crop Type (Arabidopsis, Maize, Others), By End User (Agriculture & Biotechnology Companies, Academic & Research Institutes, Others), By Region”, has evaluated the future growth potential of global minichromosomal technology in agriculture and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global minichromosomal technology in agriculture market.

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