Agriculture is not exempt from the ongoing transformation of numerous industries due to technological improvements. Molecular farming is one of this field's most promising advances. Modern technology is changing conventional farming methods and offering long-term answers to global problems. We will discuss the definition of molecular farming, its importance, and the current status of the global market in this blog.
According to BCC Research, The global market for molecular farming is expected to grow from $454.1 million in 2023 to $916.3 million by the end of 2028, at a CAGR of 15.1% during the forecast period of 2023 to 2028.
High-value biological products are produced by molecular farming, which uses genetically engineered plants. In contrast to traditional farming, which grows plants for fuel, food, or fiber, molecular farming grows plants to serve as biofactories for particular chemicals or proteins. When compared to more conventional techniques like microbial fermentation or cell culture systems, this technology has the potential to be more economical and environmentally friendly.