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 $10 billion by 2020 from more than $6 billion in 2015. Thus, CRISPR in the agriculture market is expected to rise in the region over the forecast period.
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Japan CRISPR in Agriculture Market Segmentation
By End-User
· Academic & Research Institutes
· Biotech Companies
By Target Type
· Crops
· Livestock
· Aquaculture Driving and Sports
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
