Agricultural biotechnology Also known as agritech, agricultural biotechnology is an agricultural science of the application of a wide range of scientific tools and techniques that alter living organisms, or parts of organisms with an aim to develop microorganisms for specific agricultural uses. The aim behind the application of agricultural biotechnology is to improve the quality of the seed and plant, improve soil health, improve animal health and breeding, and develop biofuels.
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An increase in the production and breeding of transgenic crops all around the globe owing to the rising demand for food and the ever-rising global population is another important factor bolstering the demand and application of agricultural biotechnology. Also, the growing application of biotechnology in the cultivation of these crops to enhance the production value in terms of size, color, or yield by modifying their traits will create greater opportunities. The growth and expansion of the agricultural industry especially in developing economies is responsible for fostering growth in the demand for the application of agricultural biotechnology. Increased penetration of biotechnology, tissue culture, and molecular breeding in the field of agriculture is generating profits for the agricultural industry. Furthermore, an upsurge in the public-private funding for target research activities and rising product innovations and development owing to technological advancements in the agricultural field all around the world will extend profitable opportunities for the market players in the coming years. Additionally, a rise in the quality food demand which is free from pesticides or insecticides, a surging number of strategic collaborations, rising adoption of biofuels, and increasing per capita expenditure on health care will further expand the market’s growth rate in the future.
Benefits of Agriculture Biotechnology:
- Increase in Crop Production
- Better Crop Protection
- Increase in Nutrition Value
- Fresher Produce and Better Taste
- Chemical Tolerance
- Disease Resistance