Plant Breeding and CRISPR Plants Market

Global Plant Breeding and CRISPR Plants Market Size (2024 to 2029)

The global plant breeding and CRISPR plants market size is expected to reach USD 26 billion in 2024 and reach 49.85 billion by 2029, growing at a CAGR of 13.9% from 2024 to 2029.

MARKET DRIVERS

One of the major driving factors that is helping the growth of the global plant breeding and CRISPR Plants market is the rapid increase of demand for improved crop varieties using modern breeding technologies and the development of technologies for breeding methods. Growing adoption of molecular breeding techniques is also a major driving factor of the plant breeding and CRISPR Plants market, and also acting as a growing factor for the market.

Another major driving factor that helps the growth of the plant breeding and CRISPR plant market is the increasing regulations on the use of chemical pesticides. Increasing investments in the innovation of new technological advancements are also some of the driving factors that help the growth of the plant breeding and CRISPR Plants market.

MARKET RESTRAINTS

There are some restraints that affect the growth of the plant breeding and CRISPR plant market. Availability of alternate products in the market is among those major restraints effecting the growth of the global plant breeding and CRISPR plants market. Stringent regulations from the government authorities are also acting as a major challenge to the expansion of the market for plant breeding and CRISPR Plants in terms of revenue rate.

COVID-19 Impact On The Plant Breeding And CRISPR Plants Market:

As the world is experiencing a typical situation due to the coronavirus pandemic, each and every industry is suffering a lot due to the financial crisis. Due to the financial problems, companies are removing the employees since they are not in a position to pay the salaries to them. This unexpected pandemic has unleashed a series of unprecedented events affecting every industry.

During the outbreak, the market value of the plant breeding and CRISPR Plants has gradually decreased since all the manufacturing units has been halted due to the strict lockdown regulations imposed by the government.

The analysis from experts in the food industry predicts that the market will get back to normal stage within the next two months as they're expecting the vaccine for coronavirus to be released in the following months and also expected to increase the growth of the plant breeding and CRISPR Plants market at a rapid speed during the estimated period.

REPORT COVERAGE:

SEGMENTAL ANALYSIS 

Global Plant Breeding and CRISPR Plants Market By Type:

Among these, the biotechnological method holds the major share of the market owing to the increasing adoption of hybrid and molecular breeding techniques.

Global Plant Breeding and CRISPR Plants Market By Trait:

Among the above-mentioned segments, the herbicide tolerance segment holds the major share of the market due to the increasing regulations on the use of chemical pesticides and rising instances of pest attacks during early germination.

Global Plant Breeding and CRISPR Plants Market By Application:

Among these segments, cereals & grains hold the prominent share of the market.

REGIONAL ANALYSIS

On the basis of the region, the market for plant breeding and CRISPR Plants is studied in the North American region (USA, Canada and Mexico), Europe region (France, Germany, Italy, Spain, United Kingdom, Russia, and the rest of Europe), Asia Pacific region (China, Japan, India, Australia and rest of Asia Pacific), South America region (Brazil, Argentina and rest of South America) and Middle East and Africa region (South Africa and rest of Middle East and Africa).

Among all the regions, the Asia Pacific holds the major share of the plant breeding and CRISPR Plants market because of factors such as increasing demand for commercial seeds in the Asian market. Furthermore, seed manufacturers such as Monsanto, Bayer, and Syngenta have shown interest in the market where the companies are expanding their R&D centers across the Asia Pacific. The rapid increase of investments by the companies in the region for research & development for the new technological advancements in the field propels the growth of the market in this area. This region is also expected to increase the market in terms of value during the forecast period.

KEY PLAYERS IN THE GLOBAL PLANT BREEDING AND CRISPR PLANT MARKET

KWS Group, Land O'Lakes, Inc, Pacific Biosciences, Syngenta AG, Advanta Seeds Pty Ltd, Bayer AG, Benson Hill Biosystems, Inc., DLF, Eurofins Scientific, Evogene Ltd. Some of the market players dominate the global plant breeding and CRISPR plants market.

These companies will manufacture the plant breeding and CRISPR Plants and the products will be sold directly by the companies or by the third-party users.

 RECENT HAPPENINGS IN THE GLOBAL PLANT BREEDING AND CRISPR PLANT MARKET

• Some of the recent developments in the plant breeding and CRISPR plant market are mentioned below:
• In the month of October 2018, KWS SAAT SE and J R Simplot company combined founded a new venture named Adrevo B V, which focuses on the development of breeding potato varieties with improved traits.)
• In the month of September 2018, France based company Limagrain has acquired Advanseed company through its subsidiary Vilmorin & Cie where the acquired company has specialization in the breeding, production and distribution of hybrid spinach and leafy vegetables seeds.
• In the month of October 2017, DuPont Pioneer Company and Donald Danforth Plant Science Center collaborated with each other, and the DuPont company agreed to provide access to its intellectual property, scientific expertise, and technology capabilities for the development of improved seed varieties. 

DETAILED SEGMENTATION OF THE GLOBAL PLANT BREEDING AND CRISPR MARKET INCLUDED IN THIS REPORT

This research report on the global plant breeding and CRISPR market is segmented and sub-segmented based on Type, Trait, Application, and Region.

By Type:

• conventional breeding
• biotechnological breeding
  • molecular breeding
  • hybrid breeding
  • genetic breeding
  • genome editing

By Trait:

• disease resistance
• herbicide tolerance
• yield improvement
• others

By Application:

• oilseeds & pulses
• cereals & grains
• fruits & vegetables
• other applications

By Region

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East and Africa