Plant Breeding and CRISPR Plants Market 2019 Poised to Achieve CAGR of 15.8% by 2026 – Bayer, Syngenta, KWS Group, Dowdupont, Eurofins, Benson Hill Biosystems, Advanta Seeds (UPL), SGS (Traitgenetics), Groupe Limagrain,

the Global Plant Breeding and Clustered Regularly Interspaced Palindromic Repeats (CRISPR) Plants market is accounted for $6.41 billion in 2017 and is expected to reach $23.92 billion by 2026 growing at a CAGR of 15.8%. An increasing need for high-quality crops, growing adoption of molecular breeding techniques and technological advancements are some of the factors driving the market growth. However, the high cost of modern breeding methods is hindering the market growth.

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Based on the type, conventional breeding segment commanded significant market growth during the predicted period. Conventional plant breeding resulting in open-pollinated varieties (OP) or hybrid varieties has had a tremendous impact on agricultural productivity over the last decades. Artificial mutagenesis (EMS/radiation) has been widely used in conventional plant breeding for decades as deregulated food products.

By geography, North America is anticipated to dominate the global market due to rising industrial value for corn and soybean in the US and the limited regulatory control.

Some of the key players in the Plant Breeding and Clustered Regularly Interspaced Palindromic Repeats (CRISPR) Plants market include Bayer, Syngenta, KWS Group, Dowdupont, Eurofins, Benson Hill Biosystems, Advanta Seeds (UPL), SGS (Traitgenetics), Groupe Limagrain, Equinom, Hudson River Biotechnology, Land O’lakes (Forage Genetics International), Bioconsortia and Evogene.

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Market Segments:
Types Covered:
• Biotechnological Method
• Conventional Breeding

Traits Covered:
• Yield Improvement
• Herbicide Tolerance
• Disease Resistance
• Other Traits

Processes Covered:
• Mutation Breeding
• Hybridization
• Selection

Crop Types Covered:
• Oilseeds & Pulses
• Fruits & Vegetables
• Cereals & Grains
• Other Crop Types

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This release was published on openPR.