Meticulous Research® Unveils Plant Breeding Market Report Forecasting Growth to $33.79 Billion by 2029

Meticulous Research®, a globally renowned market research company, has published a comprehensive report titled "Plant Breeding Market by Method (Conventional, Biotechnological), Trait (Herbicide Tolerance, Disease Resistance), Application (Cereals and Grains, Oilseed & Pulses, Fruits and Vegetables), Geography-Global Forecast to 2029." According to this latest publication, the plant breeding market is projected to reach $33.79 billion by 2029, exhibiting a robust CAGR of 14.1% from 2022 to 2029.

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The growth of the plant breeding market is attributed to several key factors, including the increasing awareness of sustainable crop production, declining costs of genomic solutions, emphasis on sustainable agricultural practices, and advancements in plant breeding technologies. Additionally, growing investments from seed companies and supportive regulations for molecular breeding are creating significant growth opportunities in this market. However, challenges such as the high costs associated with modern breeding techniques and the lack of standard laboratory infrastructure may hinder market growth.

Market Segmentation Highlights:

Method: The plant breeding market is segmented into conventional and biotechnological methods, with the biotechnological segment expected to hold the larger share due to increased adoption of hybrid and molecular breeding techniques.

Trait: Traits like herbicide tolerance and disease resistance are leading segments, with herbicide tolerance projected to register the highest CAGR during the forecast period.

Application: Cereals & grains currently dominate the market due to high demand driven by the growing population, with North America leading in geographical segmentation due to key market players and R&D investments.

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Key Market Players:

Prominent players in the plant breeding market include Bayer AG, Syngenta AG, KWS Group, Corteva Agriscience, Limagrain, BASF SE, DLF Seeds A/S, Bioceres Crop Solutions, UPL Limited, and more.

The comprehensive report provides valuable insights into the plant breeding market, analyzing industry dynamics, market trends, and competitive landscape at a global level. For a detailed analysis and strategic recommendations, the complete report is available for purchase from Meticulous Research®.

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About Us:
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

This release was published on openPR.