The Global Synthetic Biology in the Agriculture and Food Market
is likely to grow at a CAGR of 35% during 2021-26. Synthetic biology
helps design & construct new biological systems and redesign natural
biological systems for numerous purposes. Rising environmental
pollution mandates the development of novel processes like synthetic
biology that can help meet the higher demand of crops while maintaining
their quality & safety.
The issue regarding the misuse of
synthetic biology, chances of accidents due to the release of pathogens
into the free atmosphere, and high implementation time & setup costs
are the biggest challenges that would restrain the market growth.
Based
on Technology, the market segments into Gene Synthesis, Next Generation
DNA Sequencing, Genome Engineering, and Bioinformatics Technologies.
The gene synthesis technology acquired the largest share in the Global
Synthetic Biology in Agriculture and Food Market in 2019 owing to the
high demand for synthetic DNA and RNA in the agriculture and food
industry.
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Based on the Agriculture industry applications, the market bifurcates into Crop Yield Management, Crop Protection, and Soil Health Management. Out of these, in 2019, the crop yield management segment held the largest share in the Global Synthetic Biology in Agriculture & Food Industry as the use of synthetic biology offers higher crop yield entwined with a high quality of crop production.
The leading industrial players in the Global Synthetic Biology in Agriculture and Food Market are AgBiome, Inc., Agrivida, Inc., Arzeda, Amyris, Inc., Bayer AG, Concentric Agriculture Inc., Evolva Holding SA, Pivot Bio, Inc., Benson Hill Biosystems, Inc, Cibus, Ltd, Codexis, Inc., GINKGO BIOWORKS, Twist Bioscience.
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