Global Agricultural Biotechnology Market 2015 Is Expected to Grow at a CAGR of 11.3% to Reach $66.4 Billion by 2022
The Global Agricultural Biotechnology market is estimated to be $28.2 billion in 2014 and is expected to grow at a CAGR of 11.3% to reach $66.4 billion by 2022. Growing population worldwide has led to demand for genetically engineered crops for high yield, which is one of the primary drivers for the market growth. Increasing demand for biofuels due to depleting reserves of conventional fuels is further boosting the market. However, strong reservations against genetically engineered crops in Europe will...
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