Synthetic biology in agriculture and food solutions, prevalent in developed countries, is being adopted by developing countries as well. The governments of developing countries have introduced favorable initiatives to promote synthetic biology in the agriculture and food market, as they realize the need and advantages of the practice to improve the crop productivity and nutritional quality of food. Thus, their initiative to promote the research and development is expected to further drive the growth of the market. The growth is driven by certain other factors mentioned in the preceding figure. However, certain challenges prove to restrict the growth of the global synthetic biology in agriculture and food market. Ethical concerns and stringent regulation for the utilization of synthetic biology along with high implementation time and setup cost acts a challenge for the market.

Read Report Overview at: https://bisresearch.com/industry-report/synthetic-biology-agriculture-food-market.html

High growth in the market is expected to be driven by the rise in government initiatives for research and development in synthetic biology across major countries about the need to increase agricultural production, while taking care of the environment by eliminating carbon footprint from traditional agricultural practices and further increasing funding activities for synthetic biology, have led to increasing adoption of the technologies.

During the COVID-19 outbreak, the supply chain of the agriculture and food industry has been disrupted which resulted in delays in required supplies for research and deployment. However, despite this supply gap, companies which are aiming for new strategies to develop more convenient tools to cater to the demand for food are increasing their focus on synthetic biology in agriculture and food industry. Synthetic biology is positioned to play a critical role to cater to the unprecedented situation caused by COVID-19 by helping growers meet the demand for crop yield and highly nutritious food.

The governing trends of synthetic biology in agriculture and food market vary across different regions. The synthetic biology in agriculture and food market holds a prominent share in various countries of North America, Europe, Asia-Pacific and Japan, among others. In 2020, North America is expected to be at the forefront of the market, with large market concentration in the U.S.

For Sample Report, Click here: https://bisresearch.com/requestsample?id=1041&type=download

North America is expected to generate the highest revenue, $1,375.3 million, in 2020. The large market share of the region has been attributed to the developing advanced technology-based farming infrastructure, growing government and academic support and initiatives to adopt innovative technologies in agriculture and food industry, and an increasing number of companies, which offer synthetic biology-based products for agriculture and food, in the region.

About BIS Research:

BIS Research, a premium market intelligence company, offers in-depth insights and consulting to Fortune 500 companies. We are established and known for tracking the growth of deep technologies across key industry verticals and the subsequent challenges and opportunities associated with deep tech across markets, applications, and products.

With more than 500 clients, over 7000 plus primary interviews, and approximately 200 reports published in a year, BIS Research has set an interesting growth trajectory for itself. We provide market estimations, analysis on emerging high-growth applications, technology analysis, highly segmented granular country-level market data, and other important market parameters that come in handy for our clients during strategic decision-making.

We publish a wide gamut of syndicated market studies across industry verticals. In addition, bespoke market studies are another area where BIS Research excels at, along with consulting services.

BIS healthcare vertical offers intelligence in the healthcare technology market for medical devices, digital health, life sciences, robotics and imaging, information technology, MRD testing, and other emerging healthcare technologies, covering the entire industry spectrum. In the past five years, BIS Healthcare has published more than 50 reports under the precision medicine banner. Additionally, BIS Research has been nominating ‘Top 25 Voices’ in precision medicine on its Insight Monk platform for the past two years successfully.

Contact:

Bhavya Banga
Email: [email protected]
BIS Research Inc.
39111 PASEO PADRE PKWY STE 313,
FREMONT CA 94538-1686
Visit our Blog @ https://blog.bisresearch.com/
Connect with us on LinkedIn @ https://www.linkedin.com/company/bis-research
Connect with us on Twitter@ https://twitter.com/BISResearch