Genetic Engineering Plant Genomics Global Market Poised for Significant Growth, Projected to Reach $71.57 Billion at a CAGR of 15.6% By 2028 | BASF SE, Bayer AG, Corteva Inc., ADAMA Ltd, Illumina Inc

"The new report published by The Business Research Company, titled ""Genetic Engineering Plant Genomics Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the genetic engineering plant genomics market size has grown rapidly in recent years. It will grow from $34.7 billion in 2023 to $40 billion in 2024 at a compound annual growth rate (CAGR) of 15.5%. The genetic engineering plant genomics market size is expected to see rapid growth in the next few years. It will grow to $71.57 billion in 2028 at a compound annual growth rate (CAGR) of 15.6%.

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Genetic Engineering In Plant Genomics Addresses Food Security Challenges And Fueling Market Growth
The rising concerns for food security are expected to propel the growth of the genetic engineering plant genomics market going forward. Food security is the condition where all individuals have reliable access to adequate, safe, and nutritious food to maintain a healthy and active life. The rising concerns for food security stem from factors such as climate change, economic instability, and an increasing global population, which threaten the availability and accessibility of food. Genetic engineering in plant genomics enhances food security by developing crops more resilient to pests, diseases, and environmental stresses, thereby increasing agricultural productivity and food supply stability. For instance, in October 2023, according to the US Department of Agriculture (USDA), a US federal department for forestry, farming, food, and rural economic development, 87.2% (115.8 million) of US households maintained food security, which is a statistically significant decrease from the 89.8% (118.5 million) reported in 2021. Moreover, 7.7% (10.2 million) of US households experienced low food security in 2022. Therefore, rising concerns for food security are expected to propel the growth of the genetic engineering plant genomics market.

Advancements In Genetic Engineering And Plant Genomics With Automated Solutions
Major genetic engineering plant genomics market companies focus on technological advancements such as automated molecular breeding genotyping solutions to enhance precision and efficiency in crop breeding processes. An automated molecular breeding genotyping solution is a system that efficiently and accurately processes large volumes of plant samples using computerized technologies and software to streamline genetic analysis for breeding programs. For instance, in June 2024, MGI Tech, a China-based biotechnology company, launched a whole workflow solution for agricultural large-scale low-pass whole genome sequencing. The new solution consists of an automated full-process product portfolio designed for large-scale molecular breeding and genotyping of agricultural diploid species. The low-pass WGS solution, enhanced by MGI's automation platforms, overcomes conventional library preparation limits by achieving ultra-high throughput with minimal tools. It enables rapid, cost-effective large-scale library preparation and supports high throughput with the DNBSEQ-T7 sequencer and medium throughput with the DNBSEQ-G400 benchtop sequencer, which is ideal for agricultural genomics research.

The genetic engineering plant genomics market covered in this report is segmented -
1) By Type: Molecular Engineering, Genetic Engineering And Genome Editing, Other Types
2) By Trait: Yield Improvement, Disease Resistance, Herbicide Tolerance And Insect Resistance, Abiotic Stress Tolerance
3) By Application: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables, Sugar Crops, Ornamentals, Alfalfa

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Major companies operating in the genetic engineering plant genomics market are BASF SE, Bayer AG, Thermo Fisher Scientific Inc., Suntory Holdings Limited, Corteva Inc., DuPont de Nemours Inc, Eurofins Scientific SE, Agilent Technologies Inc, ADAMA Ltd, Illumina Inc, PerkinElmer Inc., Beckman Coulter Inc., Bio-Rad Laboratories, Zhejiang Xinan Chemical Industrial Group Co Ltd, UPL Limited, Qiagen N.V., Novogene Co Ltd, KWS SAAT SE & Co KGaA, Vilmorin & Cie, Neogen Corporation, Rubicon Genomics Inc, Verdesian Life Sciences LLC, GeneWiz Inc, Genotypic Technology Pvt Ltd, Syngenta AG, Keygene NV

Contents of the report:
1. Executive Summary
2. Genetic Engineering Plant Genomics Market Report Structure
3. Genetic Engineering Plant Genomics Market Trends And Strategies
4. Genetic Engineering Plant Genomics Market - Macro Economic Scenario
5. Genetic Engineering Plant Genomics Market Size And Growth
…..
27. Genetic Engineering Plant Genomics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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