What Has Driven the Growth of the Plant Breeding And CRISPR Plants Market in Recent Years?
The plant breeding and crispr plants market has seen considerable growth due to a variety of factors.
• The market size for plant breeding and CRISPR plants has seen expeditious growth in the last few years. The market is projected to expand from $13.56 billion in 2024 to $15.59 billion come 2025, at a compound annual growth rate (CAGR) of 15.0%.
This substantial growth during the historic period can be accredited to factors like a growing global population, the occurrence of crop diseases, worries over food security, regulatory modifications, and the global expansion of food trading.
What is the Forecasted Market Size and CAGR for the Plant Breeding And CRISPR Plants Market?
The plant breeding and crispr plants market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the size of the plant breeding and crispr plants market is projected to undergo substantial growth. The market is set to expand to $26.65 billion by 2029, growing at a compound annual growth rate (CAGR) of 14.3%.
The anticipated growth over the forecasted period is due to factors such as higher investment into research and development, increased consumer preference for organic and non-GMO products, adoption of climate-smart agricultural practices, a rise in plant-based diets, and issues concerning global water scarcity. The forecast period is likely to see trends such as the development of custom crop variants, application of blockchain technology, multi-trait editing, the use of AI and machine learning in breeding, and digital phenotyping.
Which Key Drivers Are Propelling Th Plant Breeding And CRISPR Plants Market's Growth?
The surge in the requirement for advanced crops is anticipated to fuel development in the plant breeding and CRISPR market. There is a necessity for crop enhancement given the ever-changing needs of the world, because of growing population, climate change and a shrinking land base. Hence, innovative techniques for crop growth are being sought. Both plant breeding and the CRISPR method are ceaselessly working to elevate crop yield, quality, and disease and pest resistance. For instance, in February 2022, the US-based federal government body, NIFA (National Institute of Food and Agriculture), allocated over $14 million to conventional and agricultural production plant breeding for enhancement of crop varieties. These evolved varieties are expected to be more efficient, superior in quality, and have higher resistance to environmental fluctuation. Thus, the accelerating demand for superior crop varieties is projected to stimulate growth in the plant breeding and CRISPR plant market.
What Are The Principal Market Segments In The Global Plant Breeding And CRISPR Plants Healthcare Industry?
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
Subsegments:
1) By Conventional Breeding: Selective Breeding, Hybridization, Mutation Breeding, Polyploidy Breeding, Other Types
2) By Other Types: CRISPR Gene Editing, Transgenic Breeding, Marker-Assisted Selection (MAS), Genome-Wide Association Studies (GWAS)
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Which Emerging Market Trends Are Altering The Plant Breeding And CRISPR Plants Market?
In an effort to stimulate innovation, foster cooperation among scientists, and assist in the creation of sustainable agricultural solutions aimed at enhancing plant robustness and the efficiency of food production, leading businesses in the plant breeding and CRISPR plants market are offering unrestricted access to genome-editing and breeding technologies. Syngenta is dedicating its unique technologies to this cause, with a special emphasis on optimizing CRISPR-Cas12a and tools enabled by gene editing. This allows genetic changes to be made with precision and without the need for foreign DNA, facilitating the creation of enhanced plant varieties. As an example, Syngenta Crop Protection AG, a company based in Switzerland, declared the availability of its genome-editing and breeding technologies in June 2024. This move is supported by Syngenta's collaboration platform, Shoots by Syngenta, seeking to bridge the gap between academic institutions, research organizations, and Syngenta's vast scientific community. Its goal is to foster collaborations aimed at finding solutions to agricultural challenges like climate change.
Who Are the Key Players in the Plant Breeding And CRISPR Plants Market?
Major companies operating in the plant breeding and crispr plants market include:
• BASF SE
• Bayer AG
• Syngenta AG
• China National Chemical Corporation
• Corteva Inc.
• JR Simplot Company
• 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.
• KeyGene Technology
• Inari Agriculture Inc.
• AgBiome LLC
• Tropic Biosciences UK Limited
• Precision Biosciences Inc.
• Evogene Limited
• Caribou Biosciences Inc.
• Hudson River Biotechnology B.V.
• BioConsortia Inc.
• Pairwise Plants LLC
• Calyxt Inc.
• Cibus Limited
• Enza Zaden India Private Limited
• Rijk Zwaan Zaadteelt en Zaadhandel B.V.
What are the Regional Insights into the Plant Breeding And CRISPR Plants Market?
Asia-Pacific was the largest region in the plant breeding and CRISPR plants market in 2024. 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.
