Technology and agriculture incorporation are driving the growth in Global Minichromosomal Technology In Agriculture Market in the forecast period, 2022-2026. According to the TechSci Research report, “Minichromosomal Technology In Agriculture Market – Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026”, The global technology in agriculture market has the 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 natural resources and increasing dependency on technology is anticipated to drive the growth of the global technology in agriculture market in the upcoming five years.
The Important Elements of Minichromosomal Technology In Agriculture Market
Resources like limited arable land and lack of fresh water are further supporting the growth of the global minichromosomal technology in the agriculture market in the next five years. Also, the usage of farmlands for industrialization, along with the increasing globalization and the decreasing quantity of farmlands is aiding the growth of global technology in the agriculture market in the future five years. Flooding, salinification, and desertification of the lands are some other phenomena that support market growth.
The 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 the agriculture market in the forecast years, until 2026. Additionally, the integration of genetic engineering in the agriculture sector is the technological advancement that is further driving the growth of the global minichromosomal technology in the agriculture market in the forecast period.
Furthermore, demands for advanced technologies are increasing such that the usage of pesticides and weedicides can be controlled by the growth of the global minichromosomal technology in the agriculture market in the next five years.
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The global technology in the agriculture market is segmented on the basis of trait incorporated, crop type, end user, competitional landscape, and regional distribution. Based on traits incorporated, the market is further fragmented into drought tolerance, improved nitrogen use, herbicide tolerance, pest resistance, and others. Drought tolerance is the ability of crop plants which maintains their biomass production during arid drought conditions. Often due to lack of nutrients, the ability is compromised, thus minichromosomal technology is utilized for creating various traits in agricultural crops like drought tolerance, improved nitrogen use, herbicide tolerance, etc. Herbicide tolerance is the inherent ability of the crops that build 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 the 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 research 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 in Minichromosomal Technology In the Agriculture Market
- 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. Technological advancement in the minichromosomal technology for agricultural practices would aid in decreasing the cost of crop production and aid the players in managing their investments. Moreover, initiatives from the government and private funding would support the global 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 the agriculture market in the upcoming five years. Moreover, the incorporation of genetic engineering into the agriculture sector is further supporting the growth of the global minichromosomal technology in the agriculture market in the next five years. Also, plant genetic engineering has revolutionized the agricultural sector and the increasing scope of transgenic crops and other contemporary agriculture practices are further substantiating the growth of the global minichromosomal technology in the agriculture market in the future five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Global 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 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 the agriculture market.
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