Plant Breeding And CRISPR Plants Market Size, Share, Opportunities, And Trends By Type (Biotechnological, Conventional), By Trait (Herbicide Tolerance, Disease Resistance, Yield Improvement), By Application (Oilseeds And Pulses, Cereals And Grains, Fruits And Vegetables), And By Geography – Forecast From 2019 To 2024

Plant Breeding is altering the genetic pattern of plants to create desired plant types that give better yield 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 a significant market growth due to strong funding by private and public sector towards plant biotechnology such as the development of high throughput sequencing system. Increasing demand for high-quality crops and the adoption of molecular breeding techniques to improve plant quality is expected to drive the 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 is expected to have a significant market growth due to the rising adoption of hybrid and molecular breeding methods in developing countries. Growth of innovation is expected to growth of CRISPR technology. By geography, North America is expected to have significant market share due to limited regulations and high value for certain commercial crops.

DRIVERS

Strong funding by private and public sector 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