Global Genetic Engineering Plant Genomics Market, By Type (Molecular Engineering, Genetic Engineering and Genome Editing and Others), Trait (Yield Improvement, Disease Resistance, Herbicide Tolerance and Insect Resistance and Abiotic Stress Tolerance), Objectives (DNA Extraction and Purification, DNA/RNA Sequencing, Genotyping, Gene Expression Profiling, Marker-Assisted Selection, GMO-Trait Purity Testing, Hybrid Purity Testing, Targeted Resequencing, DNA Parentage Testing, QTL Mapping and Genetic Disease), Application (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Sugar Crops, Ornamentals and Alfalfa), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Genetic Engineering Plant Genomics Market
The genetic engineering plant genomics market is expected to witness market growth at a rate of approximately 7.90% in the forecast period of 2021 to 2028. Data Bridge Market Research report on genetic engineering plant genomics market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increasing application of genomics in plant breeding across the globe is escalating the growth of genetic engineering plant genomics market.
Genetic engineering plant genomics refer to the process of development of new plant lines with enhanced genotypic characteristics by crossing two or more plants with the purpose of producing an offspring that shares the required traits of the parent plants. The aim of the method is to characterize, sequence and study of genetic compositions, functions and networks of entire plant genome. The technological advancement is emerging with the increasing demand for better-quality crops.
The increasing demand for improved crop varieties and high quality crop, and surge in plant genome funding fueling the adoption of innovative technologies act as the major factors driving the genetic engineering plant genomics market. The development and commercialization of important technologies such as microarrays, quantitative polymerase chain reaction (PCRs) and deoxyribonucleic acid (DNA) sequencing technologies and support of government authorities and private investment firms with the purpose of increasing the potential prospects of utilizing genetic information accelerate the genetic engineering plant genomics market growth. The growth in the popularity of herbicide tolerance technology owning to its less environmental impact and human risk factors and the initiatives taken by the government to promote the use of this tool over the non- GM counterparts further influence the genetic engineering plant genomics market. Additionally, cost-effectiveness of genomics, the rise in research and development activities, increase in investment, favorable regulations, the absence of toxins or allergens, growing food requirement across the globe and growing concerns regarding the environmental issues positively affect the genetic engineering plant genomics market. Furthermore, growth in emerging economies and use of novel DNA sequencing technologies extend profitable opportunities to the genetic engineering plant genomics market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the infrastructure and less usage of automated instruments due to high cost are the major factors expected to obstruct the genetic engineering plant genomics market growth. Lack of awareness in handling modern plant genomic technologies especially in developing nations and rise in concerns regarding hazardous effects of GMO’s limiting research practices in plant genomics are projected to challenge the genetic engineering plant genomics market in the forecast period of 2021-2028.
This genetic engineering plant genomics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on genetic engineering plant genomics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Genetic Engineering Plant Genomics Market Scope and Market Size
The genetic engineering plant genomics market is segmented on the basis of type, trait, objectives and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the genetic engineering plant genomics market is segmented into molecular engineering, genetic engineering and genome editing and others.
- On the basis of trait, the genetic engineering plant genomics market is segmented into yield improvement, disease resistance, herbicide tolerance and insect resistance and abiotic stress tolerance.
- On the basis of objectives, the genetic engineering plant genomics market is segmented into DNA extraction and purification, DNA/RNA sequencing, genotyping, gene expression profiling, marker-assisted selection, GMO-trait purity testing, hybrid purity testing, targeted resequencing, DNA Parentage testing, QTL mapping and genetic disease.
- On the basis of application, the genetic engineering plant genomics market is segmented into cereals & grains, oilseeds and pulses, fruits and vegetables, sugar crops, ornamentals and alfalfa.
Global Genetic Engineering Plant Genomics Market Country Level Analysis
The genetic engineering plant genomics market is analyzed and market size, volume information is provided by country, type, trait, objectives and application as referenced above.
The countries covered in the global genetic engineering plant genomics market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the genetic engineering plant genomics market due to the high investment for biotechnology research on food crops and crops, increasing food requirements, emphasis on reducing poverty, adoption of modern plant breeding techniques and rise in the number of research and development of agricultural biotechnology in the region.
The country section of the genetic engineering plant genomics market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Genetic Engineering Plant Genomics Market Share Analysis
The genetic engineering plant genomics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to genetic engineering plant genomics market.
The major players covered in the genetic engineering plant genomics market report are Eurofins Scientific, Illumina Inc, NRGene, Neogen Corporation, Agilent, LC Sciences.LLC, Traitgenetics GmbH, Keygene, Novogene Co.Ltd, GeneWiz, BGI, Genotypic Technology, ADAMA, Bayer AG, UPL, Corteva, Zhejiang Xinan Chemical Industrial Group Co., Ltd, Nufarm, DuPont, Syngenta AG, VILMORIN & CIE, Corteva, SUNTORY HOLDINGS LIMITED among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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