REPORT HIGHLIGHT
Plant Breeding Market size was valued at USD 15,300 Million in 2022, expanding at a CAGR of 11.9% from 2023 to 2030.
Plant breeding is the intentional modification of plant genetics to generate desired crop qualities. Controlled cross-pollination of plants with desirable qualities results in new varieties with enhanced yield, disease resistance, flavor, or nutritional value. Breeders choose and propagate offspring with desired qualities while removing unwanted ones using both conventional and contemporary procedures. This technique has proven critical for agriculture in terms of improving food security and sustainability. Plant breeding continues to play an important role in solving global concerns such as climate change and population expansion, providing a stable and resilient food supply for the future, thanks to breakthroughs in genetic modification, and marker-assisted selection.
Plant Breeding Market- Market Dynamics:
- increasing global demand for sustainable and nutritious food sources to propel market demand.
- As the global population expands, so does the need on agriculture for growing more food on scarce agricultural land while minimizing the effects of climate change. Plant breeders react to this problem by creating crop varieties with improved characteristics such as better yield, drought resilience, and insect tolerance. Furthermore, there is an increasing need for nutritious foods to tackle malnutrition and health concerns. This motivator motivates breeders to investigate sophisticated biotechnological technologies, genomic methodologies, and novel breeding tactics in order to speed the creation of robust, high-yielding, and nutrient-rich crops that will provide food security and preserve the environment for subsequent generations.
Plant Breeding Market- Key Insights:
- As per the analysis shared by our research analyst, the global Plant Breeding market is estimated to grow annually at a CAGR of around 11.9% over the forecast period (2023-2030)
- The Plant Breeding industry is projected to grow at a significant rate due to the increasing global demand for sustainable and nutritious food sources.
- Based on Method segmentation, Biotechnological Breeding was predicted to show maximum market share in the year 2022
- Based on application segmentation, Cereals & Grains was the leading type in 2022
- On the basis of region, Asia Pacific was the leading revenue generator in 2022
Plant Breeding Market- Segmentation Analysis:
- The Global Plant Breeding Market is segmented on the basis of Method, Application, Trait, and Region.
- The market is divided into two categories based on Method: Conventional Breeding Method, Biotechnological Breeding Method. The Biotechnological Breeding sector dominates the market. Advanced methods, including genetic engineering and marker-assisted selection, allow for precise modification of plant DNA in order to create superior varieties with desired features. They provide speedier, more efficient solutions to global concerns and rising demands for food security and sustainability.
- The market is divided into two categories based on application: Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses, Turf & Ornaments, Other. The Cereals & Grains sector dominates the market and is likely to maintain its dominance during the forecast period. Plant breeding in cereals and grains is in high demand, driven by the desire to improve crop output, pest and disease resistance, and adaptation to changing climatic circumstances. Breeders want to generate high-yielding, nutritious, and robust grain types through new breeding procedures in order to fulfil the world's food needs in a sustainable manner.
Plant Breeding Market- Geographical Insights:
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. Plant breeding is critical in satisfying the rising need for food security and agricultural efficiency in the Asia Pacific area. With a significant amount of the world's population living in this region, there is a rising need for high-yielding crop types that can endure a variety of environmental difficulties, such as pests, climate change, and diseases. Furthermore, the area is confronted with food and nutritional issues, with an increasing need for crops with higher nutritional value to fight malnutrition and enhance public health. Plant breeders in Asia Pacific are working hard to generate robust and nutritionally improved crop varieties that will provide a stable and nutritious food supply for the region's varied and populous countries.
Plant Breeding Market- Competitive Landscape:
The increased competition in the global agricultural industry has increased need for competitive landscape assessment in plant breeding. Assessing the strengths and weaknesses of rivals is critical as plant breeders attempt to generate fresh crop types. Analyzing the competitive environment entails evaluating competitor breeding programs, breeding strategies, and the features they prioritize. It assists breeders in identifying market gaps, prospective partnerships, and opportunities for development within their own programmes. Breeders may use this knowledge to carefully deploy resources, concentrate on distinctive features, and remain ahead in the volatile agricultural business. As the need for enhanced crop varieties grows, competitive landscape analysis becomes more important for successful and long-term plant breeding efforts.
Recent Developments:
v In March 2023, Corteva Agriscience reported that a game-changing gene editing technique that will provide additional protection to elite maize hybrids is progressing through the company's research and development pipeline. To more effectively combat the most destructive North American maize diseases plaguing farmers nowadays, the early-stage approach employs unique technology to combine many disease-resistant native features into a single place in the gene.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL PLANT BREEDING MARKET KEY PLAYERS
- Monsanto Company
- Syngenta AG
- Dow AgroSciences
- BASF SE
- Limagrain
- KWS SAAT SE
- Rijk Zwaan
- Takii & Co., Ltd.
- Seminis
- Sakata Seed Corporation
- Enza Zaden
- Bejo Zaden
- Bayer Crop Science
- East-West Seed
- DLF Seeds
GLOBAL PLANT BREEDING MARKET, BY METHOD
- Conventional Breeding Method
- Biotechnological Breeding Method
GLOBAL PLANT BREEDING MARKET, BY APPLICATION
- Cereals & Grains
- Fruits & Vegetables
- Oilseeds & Pulses
- Turf & Ornaments
- Other
GLOBAL PLANT BREEDING MARKET, BY TRAIT
- Herbicides Tolerance
- Disease Resistance
- Temperature Tolerance
- Drought Resistance
- Other Traits
GLOBAL PLANT BREEDING MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA