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Plant Breeding and CRISPR Plants Market By Type (Conventional Breeding, Biotechnological Method), By Trait (Herbicide Tolerance, Disease Resistance, Yield Improvement), By Application (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables) and By Region; Global Insights & Forecast (2024 – 2030)

Published: December, 2024  
|   Report ID: AG3998  
|   Agriculture and Agri Inputs

As per Intent Market Research, the Plant Breeding and CRISPR Plants Market was valued at USD 16.9 billion in 2023 and will surpass USD 43.5 billion by 2030; growing at a CAGR of 14.5% during 2024 - 2030.

The adoption of CRISPR technology in plant breeding has revolutionized the agricultural sector, allowing for precise modifications that enhance crop resilience, yield, and nutritional value. This technology offers numerous advantages over traditional breeding methods, including faster development times and the potential for greater specificity in trait improvement. As the industry continues to evolve, the integration of CRISPR and other modern breeding techniques is expected to play a crucial role in meeting global food security challenges while promoting sustainable farming practices.

CRISPR Plants Segment is Fastest Growing Owing to Precision and Efficiency

The CRISPR plants segment is the fastest-growing category within the plant breeding market, driven by the precision and efficiency of this innovative genome-editing technology. CRISPR-Cas9 enables scientists to make targeted alterations to the plant genome, facilitating the development of crops with desirable traits such as increased yield, enhanced resistance to pests and diseases, and improved nutritional profiles. This technology significantly reduces the time and resources required for traditional breeding methods, making it a preferred choice for researchers and agricultural companies.

The rapid growth of the CRISPR plants segment can also be attributed to its broad applicability across various crops, including staples like rice, wheat, and maize, as well as fruits and vegetables. With increasing investments in research and development, CRISPR technology is poised to unlock new possibilities for crop improvement, allowing for more sustainable and resilient agricultural systems. The segment's growth reflects a broader trend towards biotechnological innovations in agriculture, as stakeholders seek to leverage cutting-edge technologies to address pressing challenges such as climate change, food security, and resource scarcity.

Hybrid Plants Segment is Largest Owing to Established Market Presence

The hybrid plants segment represents the largest share of the plant breeding market, owing to its established presence and proven effectiveness in enhancing crop productivity. Hybridization involves crossing different plant varieties to produce offspring with superior traits, such as improved yield, disease resistance, and adaptability to varying environmental conditions. The extensive use of hybrid crops, particularly in staple foods like corn and soybeans, has solidified this segment's dominance in the market.

Hybrid plants offer several advantages, including uniformity in growth and resistance to environmental stresses, making them a popular choice among farmers worldwide. As agricultural demands continue to rise, the adoption of hybrid crops is expected to remain strong, contributing to the segment's sustained growth. With ongoing research focused on developing new hybrid varieties that meet the needs of modern agriculture, the hybrid plants segment is well-positioned to maintain its leadership in the plant breeding market.

Marker-Assisted Selection Segment is Fastest Growing Owing to Increased Efficiency

The marker-assisted selection (MAS) segment is experiencing rapid growth within the plant breeding and CRISPR plants market, thanks to its ability to enhance the efficiency of traditional breeding methods. MAS involves using molecular markers to identify and select plants with desirable traits at an early stage, significantly speeding up the breeding process. This approach allows breeders to make informed decisions based on genetic information, reducing the time and resources required to develop new plant varieties.

The increasing demand for high-yielding and resilient crop varieties is driving the adoption of marker-assisted selection in breeding programs. Farmers and agribusinesses are recognizing the value of MAS in improving the accuracy and speed of trait selection, leading to the development of crops that can better withstand environmental challenges and meet market demands. As the technology continues to advance, the MAS segment is expected to grow substantially, complementing other breeding methods, including CRISPR, to enhance agricultural productivity.

Asia-Pacific Region is Fastest Growing Owing to Rising Agricultural Demands

The Asia-Pacific region is emerging as the fastest-growing market for plant breeding and CRISPR plants, driven by increasing agricultural demands and a growing focus on food security. Countries like China and India are at the forefront of adopting advanced breeding technologies to enhance crop yields and address challenges posed by climate change and population growth. The region's diverse agricultural landscape, combined with a rising demand for genetically modified crops, positions it as a key player in the global market.

Government initiatives promoting agricultural innovation and investment in research and development further support the growth of the plant breeding and CRISPR plants market in Asia-Pacific. As stakeholders recognize the potential of biotechnology to improve agricultural productivity and sustainability, the region is expected to see significant advancements in plant breeding technologies. This trend is likely to drive the rapid adoption of CRISPR technology and other innovative breeding methods, solidifying Asia-Pacific's position as a critical contributor to the global market.

Competitive Landscape of Leading Companies

The competitive landscape of the plant breeding and CRISPR plants market is characterized by a diverse array of companies actively engaged in research, development, and commercialization of advanced breeding technologies. The top companies in this sector include:

  1. Bayer AG: A global leader in agriculture, Bayer is at the forefront of plant breeding and biotechnology, investing significantly in CRISPR and hybrid technologies.
  2. Syngenta AG: Known for its innovative crop solutions, Syngenta focuses on developing high-yielding and resilient crop varieties through advanced breeding techniques.
  3. Corteva Agriscience: Corteva is dedicated to enhancing agricultural productivity, leveraging cutting-edge technologies, including CRISPR, to improve crop traits.
  4. Monsanto (Bayer): A pioneer in agricultural biotechnology, Monsanto has a long history of developing genetically modified crops and continues to invest in CRISPR research.
  5. DuPont: DuPont is actively involved in plant breeding and biotechnology, focusing on improving crop performance and resilience through advanced breeding methods.
  6. Limagrain: As a leading seed company, Limagrain specializes in plant breeding, developing a wide range of hybrid and genetically modified crops for global markets.
  7. KWS SAAT SE: KWS is dedicated to plant breeding and biotechnology, focusing on the development of innovative crop varieties for sustainable agriculture.
  8. AgReliant Genetics: AgReliant specializes in hybrid corn and soybean seed development, leveraging advanced breeding technologies to enhance crop traits.
  9. Eurofins Scientific: Eurofins provides testing and research services for plant breeding and biotechnology, supporting the development of genetically modified crops.
  10. Ginkgo Bioworks: Ginkgo is a biotechnology company focused on using synthetic biology to improve crop traits and enhance agricultural sustainability.

The competitive landscape of the plant breeding and CRISPR plants market is marked by continuous innovation and collaboration among industry players. Companies are increasingly investing in research and development to advance breeding technologies and meet the evolving demands of farmers and consumers. Strategic partnerships and mergers within the sector are also common as firms seek to leverage complementary strengths and expand their market presence. As the market continues to evolve, competition is expected to intensify, with a strong emphasis on delivering effective and sustainable solutions to enhance agricultural productivity

Report Objectives:

The report will help you answer some of the most critical questions in the Plant Breeding and CRISPR Plants Market. A few of them are as follows:

  1. What are the key drivers, restraints, opportunities, and challenges influencing the market growth?
  2. What are the prevailing technology trends in the Plant Breeding and CRISPR Plants Market?
  3. What is the size of the Plant Breeding and CRISPR Plants Market based on segments, sub-segments, and regions?
  4. What is the size of different market segments across key regions: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa?
  5. What are the market opportunities for stakeholders after analyzing key market trends?
  6. Who are the leading market players and what are their market share and core competencies?
  7. What is the degree of competition in the market and what are the key growth strategies adopted by leading players?
  8. What is the competitive landscape of the market, including market share analysis, revenue analysis, and a ranking of key players?

Report Scope:

Report Features

Description

Market Size (2023)

USD 16.9 billion

Forecasted Value (2030)

USD 43.5 billion

CAGR (2024 – 2030)

14.5%

Base Year for Estimation

2023

Historic Year

2022

Forecast Period

2024 – 2030

Report Coverage

Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments

Segments Covered

Plant Breeding and CRISPR Plants Market By Type (Conventional Breeding, Biotechnological Method), By Trait (Herbicide Tolerance, Disease Resistance, Yield Improvement), By Application (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables)

Regional Analysis

North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)

Customization Scope

Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements

1. Introduction

   1.1. Market Definition

   1.2. Scope of the Study

   1.3. Research Assumptions

   1.4. Study Limitations

2. Research Methodology

   2.1. Research Approach

      2.1.1. Top-Down Method

      2.1.2. Bottom-Up Method

      2.1.3. Factor Impact Analysis

  2.2. Insights & Data Collection Process

      2.2.1. Secondary Research

      2.2.2. Primary Research

   2.3. Data Mining Process

      2.3.1. Data Analysis

      2.3.2. Data Validation and Revalidation

      2.3.3. Data Triangulation

3.Executive Summary

   3.1. Major Markets & Segments

   3.2. Highest Growing Regions and Respective Countries

   3.3. Impact of Growth Drivers & Inhibitors

   3.4. Regulatory Overview by Country

4. Plant Breeding and CRISPR Plants Market, by Type (Market Size & Forecast: USD Million, 2022 – 2030)

   4.1. Conventional Breeding

   4.2. Biotechnological Method

      4.2.1. Hybrid Breeding

      4.2.2. Molecular Breeding

      4.2.3. Genetic Engineering

      4.2.4. Genome Editing

5. Plant Breeding and CRISPR Plants Market, by Trait (Market Size & Forecast: USD Million, 2022 – 2030)

   5.1. Herbicide Tolerance

   5.2. Disease Resistance

   5.3. Yield Improvement

   5.4. Other Traits

6. Plant Breeding and CRISPR Plants Market, by Application (Market Size & Forecast: USD Million, 2022 – 2030)

   6.1. Cereals & Grains

   6.2. Oilseeds & Pulses

   6.3. Fruits & Vegetables

   6.4. Others

7. Regional Analysis (Market Size & Forecast: USD Million, 2022 – 2030)

   7.1. Regional Overview

   7.2. North America

      7.2.1. Regional Trends & Growth Drivers

      7.2.2. Barriers & Challenges

      7.2.3. Opportunities

      7.2.4. Factor Impact Analysis

      7.2.5. Technology Trends

      7.2.6. North America Plant Breeding and CRISPR Plants Market, by Type

      7.2.7. North America Plant Breeding and CRISPR Plants Market, by Trait 

      7.2.8. North America Plant Breeding and CRISPR Plants Market, by Application  

      7.2.9. By Country

         7.2.9.1. US

               7.2.9.1.1. US Plant Breeding and CRISPR Plants Market, by Type

               7.2.9.1.2. US Plant Breeding and CRISPR Plants Market, by Trait 

               7.2.9.1.3. US Plant Breeding and CRISPR Plants Market, by Application 

         7.2.9.2. Canada

         7.2.9.3. Mexico

          *Similar segmentation will be provided for each region and country

   7.3. Europe

   7.4. Asia-Pacific

   7.5. Latin America

   7.6. Middle East & Africa

8. Competitive Landscape

   8.1. Overview of the Key Players

   8.2. Competitive Ecosystem

      8.2.1. Level of Fragmentation

      8.2.2. Market Consolidation

      8.2.3. Product Innovation

   8.3. Company Share Analysis

   8.4. Company Benchmarking Matrix

      8.4.1. Strategic Overview

      8.4.2. Product Innovations

   8.5. Start-up Ecosystem

   8.6. Strategic Competitive Insights/ Customer Imperatives

   8.7. ESG Matrix/ Sustainability Matrix

   8.8. Manufacturing Network

      8.8.1. Locations

      8.8.2. Supply Chain and Logistics

      8.8.3. Product Flexibility/Customization

      8.8.4. Digital Transformation and Connectivity

      8.8.5. Environmental and Regulatory Compliance

   8.9. Technology Readiness Level Matrix

   8.10. Technology Maturity Curve

   8.11. Buying Criteria

9. Company Profiles

   9.1. Advanta Seeds (UPL)

      9.1.1. Company Overview

      9.1.2. Company Financials

      9.1.3. Product/Service Portfolio

      9.1.4. Recent Developments

      9.1.5. IMR Analysis

       *Similar information will be provided for other companies 

   9.2. Bayer

   9.3. Benson Hill Biosystems

   9.4. DLF

   9.5. DuPont

   9.6. Eurofins Scientific

   9.7. Evogene

   9.8. Inari Agriculture

   9.9. KWS Group

   9.10. Limagrain

   9.11. Syngenta

10. Appendix

 

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A comprehensive market research approach was employed to gather and analyze data on the Plant Breeding and CRISPR Plants Market. In the process, the analysis was also done to analyze the parent market and relevant adjacencies to measure the impact of them on the Plant Breeding and CRISPR Plants Market. The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.

Research Approach - Plant Breeding and CRISPR Plants market

Secondary Research

Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.

Primary Research

Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the Plant Breeding and CRISPR Plants ecosystem. The primary research objectives included:

  • Validating findings and assumptions derived from secondary research
  • Gathering qualitative and quantitative data on market trends, drivers, and challenges
  • Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
  • Assessing the supply-side landscape, including technological advancements and recent developments

Market Size Assessment

A combination of top-down and bottom-up approaches was utilized to analyze the overall size of the Plant Breeding and CRISPR Plants Market. These methods were also employed to assess the size of various subsegments within the market. The market size assessment methodology encompassed the following steps:

  1. Identification of key industry players and relevant revenues through extensive secondary research
  2. Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
  3. Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources

Bottom Up and Top Down -  Plant Breeding and CRISPR Plants market

Data Triangulation

To ensure the accuracy and reliability of the market size, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size assessment.

 

 

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