Japan CRISPR in Agriculture Market Industry Growth, Size, Share and Forecast 201
Posted by OMR Global on February 5th, 2020
Japan CRISPR in agriculture market is expected to grow at a significant CAGR of 23.0% during the forecast period. Japan’s agriculture, farming, and fishing are among the sectors of Japan’s economy and altogether account for 1.3% as of 2017-2018. The factor that primarily contributes to the market growth in Japan is the shortage of suitable land for cultivation. Japanese agriculture is characterized as sick as there are many factors restraining the market in the region including, rapidly diminishing availability of arable land and falling agricultural incomes.
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CRISPR in agriculture will assist to consolidate farmland and increase productivity as the availability of such advanced and innovative technologies will enable in achieving a productive and sustainable agriculture system. Despite this, agriculture in Japan is expected to gain momentum in the near future owing to several government initiatives concerning the same. The government has set a goal of bringing annual agricultural exports to at least billion by 2020 from more than billion in 2015. Thus, CRISPR in the agriculture market is expected to rise in the region over the forecast period.
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Further, processed and consumer-ready foods are expected to create opportunities for the market; as Japan holds a significant share in Asia for the consumer-ready seafood products. Aquaculture production in Japan has developed rapidly after the 2nd World War and today occupies an important place in the aquaculture sector. According to Food and Agriculture Organization 2015, the total aquaculture production in 2015 was estimated at 1,103,235 tonnes, worth .3billion and is expected to increase in the forecast timeframe. Also, Aquaculture has contributed to the local economy and job creation in Japan. Thus, the increase in the adoption of seafood and aquaculture activities leads to the CRISPR in agriculture market growth.
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Japan CRISPR in Agriculture Market Segmentation
By Target Type
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