Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 31.56 Billion |
| USD 106.14 Billion | |
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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 - (Industry Trends and Forecast to 2023 to 2030.
The essential factors contributing to the growth of the global genetic engineering plant genomics market in the forecast period of 2023 to 2030 include the increasing demand for improved crop varieties and high quality crop, and surge in plant genome funding fuelling the adoption of innovative technologies and 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 global genetic engineering plant genomics market growth.
Data Bridge Market Research analyses that the global genetic engineering plant genomics market which was USD 9.04 billion in 2022, is expected to reach USD 17.46 billion by 2030, growing at a CAGR of 8.7% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in (depth expert analysis, geographically represented company (wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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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
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and Rest of Middle East and Africa
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Market Players Covered
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Eurofins Scientific (Luxembourg), Illumina Inc (U.S.), NRGene (Israel), Neogen Corporation (U.S.), Agilent (U.S.), LC Sciences, LLC (U.S.), Traitgenetics GmbH (Germany), Keygene (Netherlands), Novogene Co. Ltd (China), GeneWiz (U.S.), BGI (China), Genotypic Technology (India), ADAMA (Israel), Bayer AG (Germany), UPL (India), Corteva (U.S.), Zhejiang Xinan Chemical Industrial Group Co., Ltd (China), Nufarm (Australia), DuPont (U.S.), Syngenta AG (Switzerland), VILMORIN & CIE (France), SUNTORY HOLDINGS LIMITED (Japan)
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Market Opportunities
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Market Definition
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.
Drivers
With the world's population continually growing, there is a pressing need to produce more food efficiently. Genetic engineering in plants can help develop crops that are more resistant to pests, diseases, and environmental stress, ultimately increasing agricultural productivity.
Genetic engineering can enhance crop yields, reduce losses due to pests and diseases, and make crops more resilient to adverse environmental conditions. This contributes to food security by ensuring a stable and adequate food supply.
Opportunities
Advances in biotechnology, including CRISPR-Cas9 and other genome editing techniques, have made it easier and more precise to modify plant genomes. This has accelerated research and development in plant genomics.
Increased investment from both public and private sectors in research and development of genetic engineering technologies and applications has driven innovation and market expansion. Moreover, many countries have established regulatory frameworks for genetically modified organisms (GMOs) that provide clear guidelines for the development and commercialization of genetically engineered crops. This regulatory support has facilitated market growth.
Restraints/Challenges
Strict and evolving regulatory frameworks surrounding genetically modified organisms (GMOs) in many countries can create obstacles for the commercialization and adoption of genetically engineered crops. Compliance with complex and region-specific regulations can be costly and time-consuming.
Public concerns and skepticism about the safety and long-term effects of GMOs on human health and the environment can limit market acceptance. Negative public sentiment and consumer reluctance to purchase GMO products can impact market growth.
This global 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 the global 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.
Recent Development
The global genetic engineering plant genomics market is segmented on the basis of basis of type, trait, objectives and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
Trait
Objectives
Application
The global genetic engineering plant genomics market is analysed and market size insights and trends are provided by basis of type, trait, objectives and application as referenced above.
The countries covered in the global genetic engineering plant genomics market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and Rest of Middle East and Africa
Asia-Pacific dominates the genetic engineering plant genomics market and will grow at the highest rate during the forecast period 2023-2030 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 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 like down (stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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.
The global 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 global genetic engineering plant genomics market.
Some of the major players operating in the global genetic engineering plant genomics market are:
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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.