Plant Breeding And CRISPR Plants Global Market Analysis, Trends, Growth, Research And Forecast 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Plant Breeding And CRISPR Plants Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

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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Key Market 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.

Market Drivers:

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

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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