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Surging Demand For Genetically Modified Plants Driver: A Major Catalyst in the Evolution of the Plant Genomics Market in 2025
Plant Genomics Market Size
Anticipated growth in the plant genomics sector is linked to the rising demand for genetically modified plants. Such plants are biological entities that have been altered using recombinant deoxyribonucleic acid (DNA) technology and fall under the domain of plant genomics study. The application of plant genomics can alter these plants' growth progression and enhance their resistance to diseases. The engendering of a modified plant happens via introducing a new DNA property into the plant's genome resulting in unique or modified traits. As noted by AgbioInvestor-GM, an analytics organization specializing in the biologicals market based in Scotland, the global coverage for GM crops witnessed a 1.9% increase in 2023 and set a new peak at 206.3 million hectares in February 2024. Consequently, the expanding demand for genetically modified plants appears to be positively affecting the development of the plant genomics market.
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What Is the projected market size and growth rate for the plant genomics market?
In recent times, there has been significant growth in the plant genomics market. Its size, which currently stands at $10.99 billion in 2024, is expected to reach $11.94 billion in 2025, experiencing a compound annual growth rate (CAGR) of 8.7%. Factors such as enhanced funding for genomic science, enhancements in crop yield, responses to climate change difficulties, cooperative efforts in study, and the consumers' need for sustainable agriculture have all contributed to this historic growth.
The market size for plant genomics is anticipated to witness substantial expansion in the ensuing years, going up to $17.36 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 9.8%. The surge in the forecast period owes itself to advancements such as big data analytics in genomics, the uptake of precision agriculture, enhancements in crop nutrition, anxiety over international food security, and gene expression research. Notable trends during this forecast period would be CRISPR and genome editing technologies, breakthroughs in sequencing technologies, the expansion of big data and bioinformatics, as well as the amalgamation of omics technologies.
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What new trends are reshaping the plant genomics market and its opportunities?
Leading organizations in the plant genomics sector are concentrating their efforts on the creation of innovative solutions like genomics technology platforms. These platforms are intended to augment crop yields and refine plant characteristics. Genomics technology platforms in the context of plants entail sophisticated systems and methods such as Next Generation Sequencing (NGS), CRISPR/Cas9, and RNA sequencing. These technologies enable in-depth exploration of plant genomes encouraging enhancement in crop breeding, resilience against diseases, and overall farming productivity. Take for example Singrow Pte Ltd, an Agri-tech firm based in Singapore, which in February 2023, introduced the first-ever climate-resilient variant of strawberries, utilizing cutting-edge genomics technology. This game-changing innovation aims to improve food security and sustainability in tropical regions by allowing large-scale cultivation of strawberries, thereby minimizing dependence on season-dependent imports.
What major market segments define the scope and growth of the plant genomics market?
The plant genomics market covered in this report is segmented -
1) By Type: Molecular Engineering, Genetic Engineering, Genome Editing
2) By Trait: Yield Improvement, Disease Resistance, Herbicide Tolerance
3) By Technology: DNA And RNA Sequencing, Genotyping, Marker-Assisted Selection (MAS), Bioinformatics
4) By Application: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables
Subsegments:
1) By Molecular Engineering: Marker-Assisted Selection (MAS), Quantitative Trait Loci (QTL) Mapping, Gene Sequencing, Genotyping
2) By Genetic Engineering: Gene Cloning, Transformation Techniques, RNA Interference (RNAi), Transgenic Crop Development
3) By Genome Editing: CRISPR-Cas9, TALEN (Transcription Activator-Like Effector Nucleases), Zinc Finger Nucleases (ZFNs), Prime Editing
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Which region dominates the plant genomics market?
Asia-Pacific was the largest region in the plant genomics market in 2024. The regions covered in the plant genomics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the plant genomics industry growth?
Major companies operating in the plant genomics market include Agilent Technologies Inc., Illumina Inc., Eurofins Scientific SE, NRGene Ltd., Keygene N.V., Neogen Corporation, QIAGEN N.V, LC Sciences, TraitGenetics GmbH, Novogene Corporation, Oxford Nanopore Technologies Limited, Genewiz Inc., BGI Group, Genotypic Technology Pvt. Ltd., Floragenex Inc., Biome Makers Spain Inc., AgBiome, GATC Biotech AG, Bionano Genomics, Verinata Health Inc., National Institute of Plant Genome Research, Chinese Academy of Agricultural Sciences, Japan International Research Center for Agricultural Sciences, Korea Institute of Plant Biotechnology, Institute of Plant Sciences Paris-Saclay, Wageningen University & Research, Ghent University
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What Is Covered In The Plant Genomics Global Market Report?
• Market Size Forecast: Examine the plant genomics market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the plant genomics market for a structured understanding.
• Key Players Overview: Analyze major players in the plant genomics market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the plant genomics market.
• Segment Contributions: Evaluate how different segments drive overall growth in the plant genomics market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the plant genomics market.
• Industry Challenges: Identify potential risks and obstacles affecting the plant genomics market.
• Competitive Landscape: Review strategic developments in the plant genomics market, including expansions, agreements, and new product launches.
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