Plant Breeding and CRISPR Plants Market will Grow with CAGR 16.1% From 2018 to 2026

Author: Suraj Ukarde

The global plant breeding and CRISPR plants market was valued at USD 7,452.1 million in 2018 and is expected to reach USD 17,246.7 million in 2026, growing at a CAGR of 14.7% during the forecast period.

According to the United States Department of Agriculture, plant breeding is the science of optimizing plants’ positive genetic traits. Technological advancements in plant genetics are benefiting in terms of optimized production and cultivation of crops which are resistant to pests, pathogens, and drought. Several producers are investing substantially to develop plant breeding methods. It is anticipated that this investment will reflect in the growing demand for plant breeding and CRISPR plants over the forecast period.

The Plant Breeding and CRISPR Plants Market report has been segregated based on distinct categories, such as product type, application, end-user, and region. Each segment is evaluated based on CAGR, share, and growth potential.

List of Top Key Players in Plant Breeding and CRISPR Plants Market Report are:

  • Bayer (US)
  • Benson Hill Biosystems. (Germany)
  • Syngenta (Switzerland)
  • KWS (Germany)
  • DowDuPont (US)
  • Groupe Limagrain (France)
  • Advanta Seeds (UAE)
  • Eurofins Scientific (Luxembourg)
  • Pacific Biosciences (US)
  • Evogene Ltd. (Israel)

Plant Breeding and CRISPR Plants Industry 2021 Market Research Report provides exclusive vital statistics, data, information, trends, and competitive landscape details in this niche sector. This report provides the status of the Plant Breeding and CRISPR Plants market forecast till 2026. Likely, the report also focuses on global major manufacturers of Plant Breeding and CRISPR Plants market share providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue, and contact information. Upstream raw materials and equipment and downstream demand analysis are also carried out.

Plant Breeding and CRISPR Plants Market Segmentation by Product Type:

  • By Process (Selection, Hybridization, Mutation Breeding)
  • By Type (Conventional Breeding, Biotechnological Method)
  • By Trait (Herbicide Tolerance, Disease Resistance, Yield Improvement)

Plant Breeding and CRISPR Plants Market Segmentation by Application:

  • Cereals & Grains
  • Oilseeds & Pulses
  • Fruits & Vegetables
  • Others

The report diversifies the global geographical expanse of the Plant Breeding and CRISPR Plants market into five prominent regions such as Europe, APAC, MEA, North and South America.

The rising investments in plant genetics sector which are coupled with increased demand for affordable prices for fruits and vegetables are the main drivers for the market growth of the global plant breeding and CRISPR plants market over the forecast period. Moreover, the emphasis on producing sustainable crops in developing countries is expected to enhance the market size. This also expected to open investment opportunities in the global market for the producers in the coming years.

However, the high cost of equipment is one of the factors which is expected to hamper the growth of the global plant breeding and CRISPR plants market during the forecast period. Moreover, lack of proper infrastructure is the prime challenge in the global plant breeding and CRISPR plants market throughout the forecast period.

Key Findings:

  • Based on process, the mutation breeding process segment is expected to dominate the market with nearly 34% share in the global plant breeding and CRISPR plants market in 2018
  • Based on type, the conventional breeding segment is expected to dominate the market with nearly 55% share in the global plant breeding and CRISPR plants market in 2018
  • Based on trait, the disease resistance segment is expected to dominate the market with more than 40% share in the global plant breeding and CRISPR plants market in 2018
  • Based on application, the cereals & grains application segment accounts of the largest share in the global plant breeding and CRISPR plants market by application.
  • Asia Pacific accounted for nearly 34% share of the global plant breeding and CRISPR plants market in 2018

Recent News:

  • In October 2018, J.R. Simplot and KWS formed a new joint venture to develop technology related to plant breeding.
  • In September 2018, AdvanSeed, specialised in the plant breeding, was acquired by Limagrain, an international agricultural co-operative group.

Get More Details at: https://www.alltheresearch.com/report/179/plant-breeding-and-crispr-plants-market

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