The plant breeding and CRISPR plants market is projected to grow at a CAGR of 12.51% between 2025 to 2030.
Plant Breeding is altering the genetic pattern of plants to create desired plant types that give better yields and are disease-resistant. CRISPR is a plant breeding innovation that modifies DNA with greater accuracy. The Plant Breeding and CRISPR Plants market is expected to have significant market growth due to strong funding by the private and public sectors towards plant biotechnology such as the development of high throughput sequencing systems.
Increasing demand for high-quality crops and the adoption of molecular breeding techniques to improve plant quality is expected to drive market growth. But high cost involved in modern breeding methods is expected to be a restraint for market growth. On the basis of type, biotechnological methods are expected to have significant market growth due to the rising adoption of hybrid and molecular breeding methods in developing countries. The growth of innovation is expected to growth of CRISPR technology. By geography, North America is expected to have a significant market share due to limited regulations and high value for certain commercial crops.
DRIVERS
Strong funding by the private and public sectors towards plant biotechnology
The increasing need for high-quality crops
Growing adoption of molecular breeding techniques
RESTRAINTS
The high cost of modern breeding methods
INDUSTRY UPDATE
In June 2017, Chinese state-owned chemical giant ChemChina completed the acquisition of Swiss agribusiness giant Syngenta
In June 2018, German chemical and pharma major Bayer AG completed the acquisition of US-based biotech major Monsanto to create the world’s biggest agrochemical and seed company.
SEGMENTATION
The Plant Breeding and CRISPR Plants Market has been analyzed through the following segments:
By Type
Biotechnological method
Conventional method
By Trait
Herbicide Tolerance
Disease resistance
Yield Improvement
By Application
Oilseeds and Pulses
Cereals and Grains
Fruits and vegetables
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others