Plant Genetic Engineering Market Size, Share, Growth, and Industry Analysis, By Type (Artificial Selection, Cloning, Gene Splicing), By Application (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables), and Regional Insights and Forecast to 2032

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PLANT GENETIC ENGINEERING MARKET REPORT OVERVIEW

The global Plant Genetic Engineering market size was USD 2.0 billion in 2024 and will touch USD 6 billion by 2032, exhibiting a CAGR of 14.8% during the forecast period.

The Plant Genetic Engineering market is on the rise across the globe because farmers require more crops to feed the society. Looking at the field of biotechnology application, experts are enhancing the nature of seeds to enhance their germination process and capability to resist pests and diseases. They are also enhancing the nutrition value of crops that people feed on. This assists farmers to produce more food on the limited land they have and minimal use of chemicals. Such systems are being developed today by such regions as Asia, North America and Europe, which invest in new technologies. These accomplishments are necessary to ensure that there is adequate food for every person in the course of the future. To make foods and feed sustainably for value addition while taking least resources and any available soil resources in farmers’ field then it is all about applying science in the competition of adding values in crop production.

COVID-19 Impact: Disrupted quarantine measures weakened global plant health protections

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic affected measures crucial for plant health. Quarantine rules that stop harmful pests were delayed due to restrictions on staff and international travel. This uncertainty may have weakened systems that protect plants from diseases and pests. The pandemic showed how connected global food security is. It's important to review and improve rules to protect crops and food supplies. We need to make sure we can handle future challenges to keep our food safe and available.

LATEST TRENDS

"Advancing seed technology boosts crop yield, addressing global food demand"

Trends in agriculture tool that has been observed in recent past are more inclined towards the usage of bio-tech seeds which grow better crop than that of normal seeds. Such seeds are being widely cultivated since they assist the farmers in providing high yields in food production to meet the increasing global consumption. Researchers are also improving the approaches used to alter these seeds for better protection against pests and diseases. This assist farmers produce food in a sustainable way and this is relevant since the world population is on the rise.

PLANT GENETIC ENGINEERING MARKET SEGMENTATION

By Type:

• Artificial Selection: Breeding plants with desired traits through selective mating.

• Cloning: Replicating genetic material to produce identical plants.

• Gene Splicing: Inserting or altering genes to modify plant characteristics.

By Application

• Cereals and Grains: Genetic engineering applied to crops like wheat, rice, and corn.

• Oilseeds and Pulses: Includes crops such as soybeans, canola, and peas.

• Fruits and Vegetables: Genetically modifying produce like tomatoes, apples, and potatoes.

DRIVING FACTORS

"Precision genetic engineering enhances crops, boosts yield, and sustainability"

Due to recent development in genetic engineering, new crops with better qualities such as pest and disease resistance, improved nutritive value and higher yields have been developed. Techniques like genetic manipulation and the CRISPR-Cas9 system make it more efficient to alter plant genes; this aids researchers and agriculturists develop plants that endure diverse weather conditions and meets consumers’ requirements. This means there will be increased food production with little or no hitches this is very economical to the food chain because now there will be enough food for the whole world.

"GM seeds enhance resilience and yields, reducing costs and promoting sustainability"

Increased use of GM seeds for cultivation is because they boost crop production and crop resistance to pests and diseases. These seeds can endure herbicide bashing and insect shying; therefore, farmers do not require a lot of pesticide application. This approach holds the environment and also cuts the costs of farming. This also implies that more food can be produced and hence a solution to the problem of feeding the ever increasing population and at the same time increase profitability in the farming business. Despite regulations and people’s concern, GM technology is regarded as necessary to feed the world’s population given climate conditions and population growth.

RESTRAINING FACTOR

"Navigating regulations and public perception shapes genetic engineering's market impact"

Challenges in the Plant Genetic Engineering market growth include rules and how people feel about genetically modified organisms (GMOs). These affect how widely GMOs are used despite better technology. Uncertainty about money and ethical worries about changing genes make it harder to invest in and develop new biotech solutions for farming. Solving these issues means finding ways to innovate while following rules and making sure people are okay with GMOs.

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PLANT GENETIC ENGINEERING MARKET REGIONAL INSIGHTS

"North America to Dominate the Market due to Technological Advancements"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

North America leads in plant genetic engineering market share because it invests in making crops better, like making them grow more or survive bad weather. People here are open to using genetically modified foods. Companies like Illumina and Agilent Technologies improve these technologies. Researchers, governments, and companies work together to solve food problems worldwide, making North America a big influence in this field.

KEY INDUSTRY PLAYERS

"Innovative genetic engineering enhances crops, ensuring sustainable global food security"

Key industry players in the Plant Genetic Engineering market, like Agilent Technologies and Illumina, are leaders in developing advanced technologies for improving crops. They work on things like making seeds grow better and resist pests without needing as many chemicals. Companies such as Neogen and Novogene focus on genetic research to create stronger, healthier plants. Their innovations help farmers grow more food sustainably, ensuring there's enough for everyone.

List of Plant Genetic Engineering Companies

• Agilent Technologies (US)
• Illumina (US)
• Neogen Corporation (US)
• Qiagen (Germany)
• Eurofins Scientific (Luxembourg)
• Keygene (Netherlands)

INDUSTRIAL DEVELOPMENT

June 2024: There's been notable progress in how plants are improved through genetics. For example, experts predict a nearly 5% annual growth for genetically enhanced seeds, which are designed to grow better and resist pests. This means more farmers are using seeds that are modified to be stronger and more productive, helping to ensure there's enough food for a growing global population.

REPORT COVERAGE

This comprehensive analysis of the global Plant Genetic Engineering market spans historical data and future projections. It includes insights into market dynamics, trends, segmentation by type and application, regional insights, key industry players, and industrial developments. The report aims to support strategic decision-making in agriculture and biotechnology sectors.