Overview and Scope
Plant breeding and CRISPR plants refer to a system used in plant breeding that entails site-directed nucleases that precisely target and modify DNA. CRISPR and plant breeding collectively empower desirable crop attributes by introducing DNA from naturally occurring genetic variations within the crop. This technology and its various applications range from gene function and protein localization research to introducing particular traits such as drought tolerance and increasing grain size and quantity.
Sizing and Forecast
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.
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Segmentation & Regional Insights
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
Asia-Pacific was the largest region in the plant breeding and CRISPR plants market in 2023. The regions covered in the plant breeding and crispr plants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the plant breeding and CRISPR plants market report are BASF SE, Bayer AG, Syngenta AG, China National Chemical Corporation, Corteva Inc., Land O’Lakes Inc., JR Simplot Company, Eurofins Scientific SE, Beijing Dabeinong Technology Group Co Ltd., Groupe Limagrain Holding SA, KWS SAAT SE & Co KGaA, BGI Group, Advanta Seeds Pty Limited, Ginkgo Bioworks Holdings Inc., Benson Hill Biosystems Inc., Certis U.S.A. LLC, KeyGene Technology, Inari Agriculture Inc., AgBiome LLC, Tropic Biosciences UK Limited, Precision Biosciences Inc., Editas Medicine Inc., Evogene Limited, Caribou Biosciences Inc., Hudson River Biotechnology B.V., BioConsortia Inc., Pairwise Plants LLC, Calyxt Inc., Cibus Limited, Breeders Trust S.A., Enza Zaden India Private Limited, Rijk Zwaan Zaadteelt en Zaadhandel B.V.
The plant breeding and crispr plants market report table of contents includes:
1. Executive Summary
2. Plant Breeding And CRISPR Plants Market Characteristics
3. Plant Breeding And CRISPR Plants Market Trends And Strategies
4. Plant Breeding And CRISPR Plants Market – Macro Economic Scenario
5. Global Plant Breeding And CRISPR Plants Market Size and Growth
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32. Global Plant Breeding And CRISPR Plants Market Competitive Benchmarking
33. Global Plant Breeding And CRISPR Plants Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Plant Breeding And CRISPR Plants Market
35. Plant Breeding And CRISPR Plants Market Future Outlook and Potential Analysis
36. Appendix
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