Plant Breeding and CRISPR Plant Market Overview

Plant Breeding and CRISPR Plant Market Size Was Valued at USD 14.87 Billion in 2023 And is Projected to Reach USD 59.19 Billion By 2032, Growing at A CAGR of 16.59% From 2024 to 2032

• Plant breeding is an effective technique by which the genetic pattern of a specific plant is altered to increase its value for human welfare. This is achieved by selecting plants found to be aesthetically or economically desirable, then the mating of selected plants is controlled and certain individuals among the progeny are then selected. Repeating such processes over many generations can thereby change the hereditary makeup and value of a plant population far beyond the natural limits of previously existing populations. Further, for increasing value for human welfare and creating genetic diversity for plant breeding, CRISPR has been brought into consideration since 2012. CRISPR is an essential part of the bacterial defense system which has a wide range of applications such as breeding and development of agricultural crops, biological research, and several human health applications. It is also used in gene editing, and targeting and modifying plant DNA. Continuous innovations in plant biotechnology in order to improve plant outputs, changing lifestyles and trends across the globe, and increasing demand for better crop quality and yield are the major factors that propel the growth of the Plant Breeding and CRISPR plants market.

Market Dynamics And Factors For Plant Breeding And CRISPR Plant Market

Drivers:

Reduction of Costs for Genome Solutions

• Agricultural production faces a huge challenge to meet the needs of the increasing global population. The consequent changes in pathogens and pests’ dynamics as well as the unpredictable climate change negatively affect crop production. To overcome this, crop improvements by introducing plant breeding and CRISPR method have made significant contributions to enhancing productivity. Recent progress in genome solutions has provided new tools and concepts that make plant breeding procedures more effective and precise, thereby reducing the additional costs for genome technologies. Also, the rates of crop productivity are improved through plant breeding using CRISPR method. Such reduction in costs for genome solutions attracts the majority of plant breeders and scientists to utilize the CRIPSR method for plant breeding and creating better quality crops, which further drives the market growth of plant breeding and CRISPR plants.

Rising Demand for Enhanced Crops

• With the rising urbanization and industrialization, and changing lifestyles and trends, consumers across the developing and developed countries seek improvements in crops and agricultural produce. Breeding of plants and implementing advanced technologies in crop improvement enhance crop production, thereby maximizing yield. Enhanced crops through the utilization of CRISPR and plant breeding possess the ability to fight against the attack of various diseases, pests, and pathogens, as well as the capability of faster genetic modification than any other techniques. This creates a huge demand for enhanced crops among the consumers. Furthermore, owing to its simplicity, low cost, and the possibility to target multiple genes, plant breeding, and CRISPR technology are growing rapidly across the world. Also, due to the additional benefits of using these technologies for improving crop quality and obtaining enhanced crops, the market for plant breeding and CRISPR is anticipated to witness a huge rise in demand in the forecast years.

Restraints:

Lack of R&D and High cost of Modern breeding Methods in the Underdeveloped Regions

• Modern breeding is the advanced and innovative method of breeding plants to enhance crop productivity and quality. However, the high cost associated with many of the modern breeding methods as compared to traditional breeding hampers the growth of plant breeding and the CRISPR plants market. Poor laboratory infrastructure and lack of validated markers are also anticipated to hinder the growth of the market in the upcoming years.

Opportunities:

Tackling the Growing Food Safety Concern among Consumers

• CRISPR is a fast-growing technology to improve and enhance crop production by gaining maximizing yield and profit. Many researchers and agri-companies are now using gene-editing technology to modify staple crops to make them disease resistant and tolerant to several environmental conditions. This further helps in creating a positive impact on food quality, productivity, and environmental sustainability. Additionally, owing to the rising concerns of consumers for food security and safety, the enhanced crops through plant breeding and CRISPR are proven to be ideal. Furthermore, to tackle this concern, various Research and Development initiatives in the food industry can create a remunerative opportunity in the plant breeding and CRISPR plant market. CRISPR plants are most likely to revolutionize what consumers eat, which can thereby generate opportunities for rapid growth in the forecasted period.

Segmentation Analysis Of Plant Breeding And CRISPR Plant Market

• By type, the biotechnological segment dominates the market growth of plant breeding and CRISPR plants. The technological advancements, innovations, developments in crops and rising concern for improved crop varieties are the key driving factors for the rapid growth. Additionally, besides other genetic techniques, molecular breeding does not have any government regulations, which thereby drives market growth. Also, increasing the adoption of molecular breeding and hybrid techniques in developing nations boosts the growth of plant breeding and the CRISPR plant market.
• By trait, the disease resistance segment dominates the growth of plant breeding and CRISPR plant market and is estimated to witness rapid growth in forthcoming years. Growing demand for high-quality and high-yield field crops across developing countries such as China, India, and Indonesia, is most likely to drive the growth of this segment. Also, producing crops and crop varieties that are resistant to any diseases is a major concern of the growers which boosts the market growth. According to the USDA, numerous producers have started adopting herbicide-tolerant seeds for major crops such as rice and corn cultivation. Players such as BASF and Syngenta have also focused on developing plant breeding technologies, such as Clearfield technology to develop hybrid pesticide-tolerant and non-transgenic plant varieties, which further helps in developing the segment growth.
• By application, the Cereals & Grains segment holds the largest share and is anticipated to dominate the market in the forecast years. Breeding of rice, corn, and wheat is high in demand as molecular breeding and genetic techniques used for breeding purposes enhance crop quality and maximize productivity. Also, the economic importance of corn owing to its application in various sectors and the rising demand for high-quality rice and wheat crops in the food industry are some of the other reasons for seed producers to adopt hybrid breeding technologies.

Regional Analysis Of Plant Breeding And CRISPR Plant Market

• Asia-Pacific dominated the plant breeding and CRISPR plant market in recent years and is anticipated to dominate throughout the forecast period. The rapid increase in investments by major companies to improve the R&D for the advancements in technology is the major factor that boosts the growth of the Asia Pacific region. Furthermore, major crops such as corn, wheat, and rice are produced majorly in China and India, which are further used for plant breeding. Additionally, the increasing awareness of plant breeding technology and rapid growth in demand for commercial seeds is likely to propel the market growth of plant breeding and CRISPR plants in the Asia Pacific region.
• North America is the fastest-growing region for plant breeding and CRISPR plant market and is expected to witness huge development in the projected years. As per the USDA estimates, the North American region contributes nearly 54% of the global Research and Development invested in crop seed development each year. Furthermore, the rising industrial value for corn and soybean in the North American region is encouraging plant breeders to adopt advanced technologies for better quality crop yield, owing to which the adoption rate for genetics in this region remains high, and further drives the market growth of plant breeding and CRISPR plants.

Top Key Players Covered In Plant Breeding And CRISPR Plant Market

• Dowdupont (U.S.)
• Pacific Biosciences (U.S.)
• Corteva (U.S.)
• Basf Se (U.S.)
• Yield10 Bioscience, Inc (U.S.)
• Eurofins Scientific (Luxembourg)
• Bayer Ag (Germany)
• Benson Hill Biosystems, Inc. (Germany)
• Kws (Germany)
• Limagrain (France)
• Groupe Limagrain (France)
• Syngenta (Switzerland)
• Advanta Seeds (India)
• Sakata Seed Corporation (Japan)
• Evogene Ltd. (Israel), and Other Major Players.

Key Industry Development In The Plant Breeding and CRISPR Plant Market

• In September 2023, Bayer, a global biotech leader, has renewed its partnership with Pairwise, an innovative startup specializing in gene-edited produce, to develop advanced short-stature corn for Bayer’s Preceon brand. The new five-year, multi-million-dollar collaboration builds on the success of their initial partnership, which focused on developing gene-edited crops with reduced input requirements. Leveraging CRISPR technology, pairwise aims to refine corn varieties that are up to 40% shorter than traditional crops, providing increased stability and resilience against environmental challenges. This initiative underscores Bayer’s commitment to sustainable agriculture and cutting-edge innovation, offering transformative solutions for the global crop science industry.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. PLANT BREEDING AND CRISPR PLANT MARKET BY TYPE (2017-2032)
   1. PLANT BREEDING AND CRISPR PLANT MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. CONVENTIONAL BREEDING
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. BIOTECHNOLOGICAL METHOD
7. PLANT BREEDING AND CRISPR PLANT MARKET BY TRAIT (2017-2032)
   1. PLANT BREEDING AND CRISPR PLANT MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. HERBICIDE TOLERANCE
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. DISEASE RESISTANCE
   5. YIELD IMPROVEMENT
8. PLANT BREEDING AND CRISPR PLANT MARKET BY APPLICATION (2017-2032)
   1. PLANT BREEDING AND CRISPR PLANT MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. CEREALS & GRAINS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. OILSEEDS & PULSES
   5. FRUITS & VEGETABLES
9. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. Plant Breeding and CRISPR Plant Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. DOWDUPONT (U.S.)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. PACIFIC BIOSCIENCES (U.S.)
   4. CORTEVA (U.S.)
   5. BASF SE (U.S.)
   6. YIELD10 BIOSCIENCE, INC (U.S.)
   7. EUROFINS SCIENTIFIC (LUXEMBOURG)
   8. BAYER AG (GERMANY)
   9. BENSON HILL BIOSYSTEMS, INC. (GERMANY)
   10. KWS (GERMANY)
   11. LIMAGRAIN (FRANCE)
   12. GROUPE LIMAGRAIN (FRANCE)
   13. SYNGENTA (SWITZERLAND)
   14. ADVANTA SEEDS (INDIA)
   15. SAKATA SEED CORPORATION (JAPAN)
   16. EVOGENE LTD. (ISRAEL)
10. GLOBAL PLANT BREEDING AND CRISPR PLANT MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Type
       4. Historic And Forecasted Market Size By Trait
       5. Historic And Forecasted Market Size By Application
       6. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
11. INVESTMENT ANALYSIS
12. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies