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The global plant breeding and CRISPR plants market was valued at USD 7,452.1 million in 2018 and is expected to reach USD 17,246.7 million in 2026, growing at a CAGR of 14.7% during the forecast period.According to the United States Department of Agriculture, plant breeding is the science of optimizing plants’ positive genetic traits.
Technological advancements in plant genetics are benefiting in terms of optimized production and cultivation of crops which are resistant to pests, pathogens, and drought.
It is anticipated that this investment will reflect in the growing demand for plant breeding and CRISPR plants over the forecast period.The Plant Breeding and CRISPR Plants Market report has been segregated based on distinct categories, such as product type, application, end-user, and region.
(Germany)Syngenta (Switzerland)KWS (Germany)DowDuPont (US)Groupe Limagrain (France)Advanta Seeds (UAE)Eurofins Scientific (Luxembourg)Pacific Biosciences (US)Evogene Ltd. (Israel)Plant Breeding and CRISPR Plants Industry 2021 Market Research Report provides exclusive vital statistics, data, information, trends, and competitive landscape details in this niche sector.
Upstream raw materials and equipment and downstream demand analysis are also carried out.Plant Breeding and CRISPR Plants Market Segmentation by Product Type:By Process (Selection, Hybridization, Mutation Breeding)By Type (Conventional Breeding, Biotechnological Method)By Trait (Herbicide Tolerance, Disease Resistance, Yield Improvement)Plant Breeding and CRISPR Plants Market Segmentation by Application:Cereals & GrainsOilseeds & PulsesFruits & VegetablesOthersThe report diversifies the global geographical expanse of the Plant Breeding and CRISPR Plants market into five prominent regions such as Europe, APAC, MEA, North and South America.The rising investments in plant genetics sector which are coupled with increased demand for affordable prices for fruits and vegetables are the main drivers for the market growth of the global plant breeding and CRISPR plants market over the forecast period.
This also expected to open investment opportunities in the global market for the producers in the coming years.However, the high cost of equipment is one of the factors which is expected to hamper the growth of the global plant breeding and CRISPR plants market during the forecast period.