New Report Highlights Growth in the Indian Biotech Market

Oct. 24, 2008 - PRLog -- Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report analysing the biotech market in India.

“Booming Biotech Market in India”, which is available at http://www.reportbuyer.com/go/RCS00434 reports that the Indian agribiotech industry is expected to continue to show strong growth at a CAGR of 45% by 2012-13 on the back of increasing sales of BT cotton seeds and approval of other agribio products in future.

The report shows that agribiotech is one of the fastest growing sectors in the biotechnology market. India, the world’s second largest food producer after China, offers a big market for biotechnology products. The Indian agribiotech industry closed at $ 357.4 million in 2007-08.

As per the report, BT cotton - the only GM crop grown at commercial level in India has currently pushed the overall bioagriculture sector. Therefore, the business of BT cotton seeds alone accounted for nearly 86% of the total bioagriculture revenue in the fiscal 2006-07.

Meanwhile, a number of transgenic plants of various food crops, such as rice, brassica, moonbean, pigeon pea, tomato and vegetables like cabbage, cauliflower etc, are under field trial and are expected to be grown commercially in coming years. With the launch of other transgenic crops for the commercial production, the bioagriculture market in India will grow significantly, with these crops representing substantial market share.
 
“Booming Biotech Market in India” is an exhaustive report giving overview of the Indian biotechnology market and providing a detailed account on the factors that define composition and structure of the industry, making it one of the world’s most potential markets.

The report “Booming Biotech Market in India” is available from Report Buyer at: http://www.reportbuyer.com/pharma_healthcare/biotechnolog...

Report Buyer product ID: RCS00434

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