Meticulous Research®—a leading global market research company, published a research report titled, ‘Plant Breeding Market by Method (Conventional, Biotechnological), Trait (Herbicide Tolerance, Disease Resistance), Application (Cereals and Grains, Oilseed & Pulses, Fruits and Vegetables), Geography–Global Forecast to 2029’.
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According to this latest publication from Meticulous Research®, the plant breeding market is expected to reach $33.79 billion by 2029, at a CAGR of 14.1% from 2022 to 2029.The increasing awareness about the importance of sustainable crop production, the declining costs of genomic solutions, the growing emphasis on sustainable crop production, and technological advancements in the plant breeding sectors are some of the factors driving the growth of the plant breeding market across the globe. Furthermore, the growing investments from seed companies and the increase in supportive regulations for molecular breeding are expected to offer significant growth opportunities for the stakeholders operating in this market. However, the factors such as the high costs involved in modern breeding techniques compared to conventional breeding techniques and the lack of standard laboratory infrastructure hamper the market’s growth.
The plant breeding market is segmented based on method (conventional breeding method [hybridization {pedigree method, bulk method, and other hybridization methods}, selection {mass selection, pure line selection}, mutation breeding], biotechnological breeding method [hybrid breeding, molecular breeding, genetic engineering, and genome editing]), by trait (herbicides tolerance, disease resistance, temperature tolerance, drought resistance, and other traits), by application (cereals & grains [maize/corn, wheat, rice, and other cereals & grains], fruits & vegetables, oilseeds & pulses, turf & ornaments, and other crop types), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyses the market at the country level.
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Based on method, the plant breeding market is categorized into conventional breeding method and biotechnological breeding method. In 2022, the biotechnological breeding method segment is expected to account for the larger share of the plant breeding market. The large market share of this segment is attributed to the increasing adoption of hybrid and molecular breeding techniques and the increase in the cultivation of GM crops worldwide. Furthermore, the growing demand for crop genetics and the declining costs of genetic procedures in the past decade drive the demand for genetic engineering and genome editing worldwide.
Based on traits, the plant breeding market is segmented into herbicide tolerance, disease resistance, temperature tolerance, drought resistance, and other traits. In 2022, the herbicide tolerance segment is expected to account for the largest share of the plant breeding market. The large market share of this segment is attributed to the stringent regulations regarding the use of chemical pesticides and the rising instances of pest attacks during the early germination phase, resulting in an increased need for pesticide-tolerant seeds. Generally, herbicide tolerance has been one of the major traits targeted by plant genetic companies for transgenic and non-transgenic crops. Furthermore, this segment is also slated to register the highest CAGR during the forecast period of 2020–2029. The growth of this segment is attributed to the increasing initiatives by major plant genetic companies to develop herbicide tolerance traits for transgenic and non-transgenic crops. For instance, the Non-transgenic Clearfield herbicide tolerance technology, developed by BASF SE (Germany) and Syngenta AG (Switzerland), is recognized as a groundbreaking innovation in hybrid breeding technology.
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Based on application, the plant breeding market is segmented into cereals & grains, fruits & vegetables, oilseeds & pulses, turf & ornaments, and other crop types. In 2022, the cereals & grains segment is expected to account for the largest share of the plant breeding market. The large market share of this segment is attributed to the increasing demand for cereals & grains from the growing population. Furthermore, the availability of germplasm for these crops encourages the adoption of advanced techniques for crop breeding. The economic importance of corn due to its application in various sectors and the increasing demand for high-quality wheat & rice in the food sector are factors driving the adoption of hybrid breeding technologies among cereals and grain seed producers.
Based on geography, the plant breeding market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, North America is expected to account for the largest share of the plant breeding market, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America’s major market share is attributed to the presence of key market players, the increasing investments in R&D activities, and the wide availability of diagnostic imaging laboratories. Furthermore, the adoption rate of genetic modification techniques in the U.S. is high due to the growing industrial value of corn & soybean, encouraging breeders to adopt advanced technologies for better yield. In addition, the large areas under corn & wheat cultivation and the growing demand for GM corn & wheat varieties are driving the growth of the plant breeding market in the U.S.
The key players profiled in the plant breeding market report include Bayer AG (Germany), Syngenta AG (Switzerland), KWS Group (Germany), Corteva Agriscience (U.S.), Limagrain (France), BASF SE (Germany), DLF Seeds A/S (Denmark), Bioceres Crop Solutions (Argentina), UPL Limited (India), Benson Hill, Inc. (U.S.), Equinom Ltd. (Israel), BioConsortia, Inc. (U.S.), Hudson River Biotechnology (Netherlands).
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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.
Plant Breeding and CRISPR Plants Market Outlook:Plant breeding is a process of converting the traits of plants into the desired trait which is known as plant breeding, plant breeding uses site-directed nucleases to target and transform DNA with extreme perfectionData Bridge recently published a research study on Global Plant Breeding and CRISPR Plants Market – Industry Trends and Forecast to 2027, that defines the market size, market characteristics and focuses on major players, key developments, changing trends, and upcoming growth opportunities in the industry.The report includes Plant Breeding and CRISPR Plants Industry company profiles, product descriptions and output values, as well as statistical analysis.
The study covers the entire Plant Breeding and CRISPR Plants market, including their size, output, manufacturing value, profit/loss, supply/demand, and import/export.
The market research is divided into several parts to provide a complete competitive analysis.Important Companies of the market: Bayer AG, KWS SAAT SE & Co. KGaA, DuPont, SGS SA, DLF Seeds Ltd, BioConsortia Inc., Hudson River Biotechnology., Pacific Biosciences of California, Inc, Eurofins Scientific, Syngenta, SGS SA, Land O’Lakes, Inc, Advanta Seeds Pty Ltd, J.R. Simplot Company.Get Exclusive Sample Report + To Know the Impact of COVID-19 on this Industry: https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-plant-breeding-and-crispr-plants-marketMarket Segmentation:On the basis of type, the plant breeding and CRISPR plants market is segmented into conventional breeding & othersBased on process, the plant breeding and CRISPR plants market is segmented into selection, hybridization & mutation breedingBased on trait, the plant breeding and CRISPR plants market is segmented into herbicide, tolerance, disease resistance and yield improvementThe plant breeding and CRISPR plants market is also segmented on the basis of application into cereals and grains, oilseeds and pulses, fruits and vegetables & other crop typesVarious secondary resources are used to diagnose and collect data for comprehensive industry research.
In order to obtain and research key information and verify elements in Plant Breeding and CRISPR Plants market, key sources include a large number of estimates from industry professionals.
In addition, Plant Breeding and CRISPR Plants market around the world are divided by type, application and region.To Enquire About This Comprehensive Report, Click Here: https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=global-plant-breeding-and-crispr-plants-marketThe objective of the reports:The report provides information on market segmentation by type, application, and region.
The report focuses on development policies and plans, government regulations, manufacturing processes and cost structures.
