Global Plant Breeding and CRISPR Plant Market Size Was Valued at USD 12.76 Billion In 2022 And Is Projected to Reach USD 43.29 Billion By 2030, Growing at A CAGR of 16.5% From 2023 To 2030.
The development, dissemination, and application of plant breeding methods—which include the application of CRISPR (Clustered Regularly Interspaced Short Palindromic Repeats) technology—to improve crop qualities and boost agricultural output are encompassed in the plant breeding and CRISPR plant market. The goal of this business is to alter the genomes of plants to confer desired characteristics including resilience to disease and drought, higher yields, and better nutritional value. By using plant breeding techniques, such as both conventional breeding and cutting-edge molecular approaches like CRISPR, breeders may create new crop varieties with desired features more quickly. Regulatory frameworks, intellectual property rights, consumer acceptance of genetically modified organisms (GMOs), and ethical issues are important factors in the market. Farmers, seed firms, breeders, and consumers are among the agricultural stakeholders that are served by the plant breeding and CRISPR plant market.
Top Key Players Covered In Plant Breeding And CRISPR Plant Market
Bayer (US), Benson Hill Biosystems, Inc. (Germany), Syngenta (Switzerland), KWS(Germany), DowDuPont (US), Groupe Limagrain (France), Advanta Seeds (UAE), Eurofins Scientific (Luxembourg), Pacific Biosciences (US), Evogene Ltd. (Israel), and Other Major Players.
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Reduction of Costs for Genome Solutions
Meeting the demands of the growing global population presents a significant challenge for agricultural output. Crop productivity is significantly impacted by the ensuing changes in the dynamics of diseases and pests as well as the unpredictability of climate change. To combat this, plant breeding and the CRISPR technique have improved crops and significantly increased yield. The cost of additional genome technologies has decreased as a result of recent advancements in genome solutions, which have produced new tools and ideas that improve the efficacy and precision of plant breeding techniques.
Segmentation Analysis of The Plant Breeding and CRISPR Plant Market
By Type
- Conventional Breeding
- Biotechnological Method
By Trait
- Herbicide Tolerance
- Disease Resistance
- Yield Improvement
By Application
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
Rising Demand for Enhanced Crops
Consumers in both developed and emerging nations are looking for better crops and agricultural products due to increased urbanization, industrialization, and changes in lifestyles and trends. Plant breeding and the application of cutting-edge technology to agricultural enhancement increase crop yield by improving crop productivity. Improved crops made possible by CRISPR and plant breeding are resistant to a wide range of illnesses, pests, and infections and may undergo genetic change more quickly than with any other method.
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Tackling the Growing Food Safety Concern among Consumers
CRISPR is a rapidly developing technology that maximizes crop productivity and profit to increase and enhance crop production. These days, a lot of academics and agribusinesses are modifying staple crops with gene-editing technologies to make them resistant to disease and tolerant of various environmental circumstances. This has a further beneficial effect on production, food quality, and environmental sustainability. Additionally, the upgraded crops made possible by plant breeding and CRISPR have shown to be excellent in light of consumers' growing worries about food security and safety. Moreover, a number of R&D projects in the food sector can generate profitable opportunities in the plant breeding and CRISPR plant markets in order to address this issue.
By Region
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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