The Plant Breeding And CRISPR Plants Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Plant Breeding And CRISPR Plants Global Market Report 2024, The plant breeding and CRISPR plants market size has grown rapidly in recent years. It will grow from $11.88 billion in 2023 to $13.66 billion in 2024 at a compound annual growth rate (CAGR) of 15.0%. The growth in the historic period can be attributed to increasing global population, crop disease outbreaks, food security concerns, regulatory changes, globalization of food trade.
The plant breeding and CRISPR plants market size is expected to see rapid growth in the next few years. It will grow to $23.18 billion in 2028 at a compound annual growth rate (CAGR) of 14.1%. The growth in the forecast period can be attributed to increasing investment in R&D, rising demand for organic and non-GMO products, climate-smart agriculture, rise in plant-based diets, global water scarcity. Major trends in the forecast period include customized crop varieties, adoption of blockchain technology, multi-trait editing, AI and machine learning in breeding, digital phenotyping.
The increased demand for improved crops is expected to propel plant breeding and CRISPR market growth. Crop improvement is required to meet the demands of a changing world. With the increased population, climate change, and decreasing land base, there is a need to develop new and innovative crop growth techniques. Plant breeding and the CRISPR method constantly strive to improve crop yield, quality, and tolerance to diseases and pests. For instance, in February 2022, NIFA (National Institute of Food and Agriculture), a US-based federal government body, invested over $14 million in plant breeding for agricultural production and conventional plant breeding to improve crop varieties. These new crop varieties will be more productive, higher in quality, and more resistant to environmental variability. Therefore, the increased demand for the improved crop will drive the growth of the plant breeding and CRISPR plant market.
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The plant breeding and CRISPR plants market covered in this report is segmented –
1) By Type: Conventional breeding, Other Types
2) By Process: Selection, Hybridization and mutation breeding, Other Processes
3) Yy Application: Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Other Crops
Major companies in the plant breeding and CRISPR market are focusing on product launches, such as gene editing technology to combat corn disease. Gene editing technology refers to a group of tools that allow scientists to make precise changes to an organism’s DNA. For instance, in October 2023, Corteva Agriscience, a US-based global agriculture company providing agricultural chemicals and seeds, introduced a Gene Editing Technology to combat corn disease, employing gene editing and CRISPR technology to consolidate multiple disease-resistant traits within the corn genome, simplifying disease management, and enhancing on-farm productivity. This sustainable solution, aligned with the United Nations Sustainable Development Goals, exemplifies how the tailored approach and improved allele access contribute to the plant breeding and CRISPR market by addressing specific challenges in agriculture and fostering crop resilience.
The plant breeding and crispr plants market report table of contents includes:
- Executive Summary
- Plant Breeding And CRISPR Plants Market Characteristics
- Plant Breeding And CRISPR Plants Market Trends And Strategies
- Plant Breeding And CRISPR Plants Market – Macro Economic Scenario
- Global Plant Breeding And CRISPR Plants Market Size and Growth
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- Global Plant Breeding And CRISPR Plants Market Competitive Benchmarking
- Global Plant Breeding And CRISPR Plants Market Competitive Dashboard
- Key Mergers And Acquisitions In Plant Breeding And CRISPR Plants Market
- Plant Breeding And CRISPR Plants Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- BASF SE
- Bayer AG
- Syngenta AG
- China National Chemical Corporation
- Corteva Inc.
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