2025 Genetic Engineering Plant Genomics Industry Trends Report: Long-Term Outlook Through 2034

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How Large Will the Genetic Engineering Plant Genomics Market Size By 2025?
The market size for plant genomics in genetic engineering has seen swift expansion in recent times. From $40.08 billion in 2024, it is predicted to burgeon to $46.41 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 15.8%. Factors such as governmental subsidies, advancements in technology, a surge in the demand for sustainable farming, an increase in population, alongside greater public consciousness and acceptance have all contributed to the historical growth period.

How Big Is the Genetic Engineering Plant Genomics Market Size Expected to Grow by 2029?
In the forthcoming years, the market size for plant genomics in genetic engineering is predicted to undergo swift expansion. By 2029, the market is expected to surge to an astonishing $82.59 billion, with a compound annual growth rate (CAGR) of 15.5%. Factors contributing to this growth throughout the projected period include increased regulatory clarity, penetration into emerging markets, emphasis on customization and personalization, incorporation of digital technologies, and adaptation to climate change. Key trends expected during the forecasted period involve the rising uptake of CRISPR-Cas9 technology, development in precision agriculture practices, an upsurge in demand for biofortified crops, and the broadening of gene editing applications beyond just crops.

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Which Key Market Drivers Powering Genetic Engineering Plant Genomics Market Expansion and Growth?
The increasing worries about food security are predicted to boost the expansion of the genetic engineering plant genomics market. Food security represents a state where every person has consistent access to sufficient, safe, and nutritious food to sustain a healthy, active life. The ascending worries related to food security originate from factors like climate change, economic instability, and a rising global population that pose a threat to the availability and accessibility of food. Through genetic engineering, plant genomics can provide a solution by creating crops that are more resistant to pests, diseases, and environmental stresses, subsequently increasing agro-productivity and food supply stability. For instance, in October 2023, as per the US Department of Agriculture (USDA), a US federal department that oversees forestry, farming, food, and rural economic development, 87.2% (115.8 million) of US households were food secure, which denotes a noteworthy decrease from the 89.8% (118.5 million) documented in 2021. In addition, in 2022, 7.7% (10.2 million) of US households faced low food security. Consequently, the escalating concerns related to food security are anticipated to stimulate genetic engineering plant genomics market expansion.

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Which Fast-Growing Trends Are Poised to Disrupt the Genetic Engineering Plant Genomics Market?
Prominent players in the plant genomics market centered on genetic engineering are emphasizing technological advancements. They are developing automated molecular breeding genotyping solutions to improve precision and increase efficiency in crop breeding procedures. This unique system permits efficient and accurate processing of enormous volumes of plant specimens. It utilizes computerized technologies and software to simplify genetic analysis for breeding programs. To illustrate, MGI Tech, a biotech organization based in China, introduced a complete workflow solution for agricultural large-scale low-pass whole genome sequencing in June 2024. The newly launched solution includes an automated full-process product range designed for extensive molecular breeding and genotyping of agricultural diploid species. Thanks to MGI's automation platforms, the low-pass WGS solution surpasses traditional library preparation limits by achieving ultra-high throughput with minimal tools. It facilitates quick, cost-effective large-scale library preparation and supports a high throughput with the DNBSEQ-T7 sequencer and medium throughput with the DNBSEQ-G400 benchtop sequencer, making it perfect for agricultural genomics research.

What Are the Emerging Segments in the Genetic Engineering Plant Genomics Market?
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

Subsegments:
1) By Molecular Engineering: Gene Synthesis And Cloning, Protein Engineering, Enzyme Engineering, Marker-Assisted Selection
2) By Genetic Engineering And Genome Editing: CRISPR/Cas9 Technology, TALENs (Transcription Activator-Like Effector Nucleases), ZFNs (Zinc Finger Nucleases), RNA Interference (RNAi), Agrobacterium-mediated Transformation
3) By Other Types: Synthetic Biology In Plant Genomics, Epigenetic Engineering, Horizontal Gene Transfer

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Who Are the Global Leaders in the Genetic Engineering Plant Genomics Market?
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

Which are the Top Profitable Regional Markets for the Genetic Engineering Plant Genomics Industry?
Asia-Pacific was the largest region in the genetic engineering plant genomics market in 2023. The regions covered in the genetic engineering plant genomics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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