Latin America Plant Breeding and CRISPR Plant Market – Industry Trends and Forecast to 2031

Latin America Plant Breeding & CRISPR Plant Market, By Type (Conventional Breeding and Biotechnological Breeding), Process (Selection, Hybridization, Mutation Breeding), Traits (Herbicides Tolerance, Disease Resistance, Yield Improvement, Others), Application (Cereal & Grains, Oilseeds & Pulses, Fruits & Vegetables, Other Crop Types) - Industry Trends and Forecast to 2031.

Latin America Plant Breeding and CRISPR Plant Market Analysis and Size

Plant breeding is a technique used by a cultivator to develop or improve crop variety and increase its yield by manipulating the plant genome with the help of a conservatory or molecular tools to get the desired gene or trait. The plant breeding technique uses site-directed nucleases to transform or target the DNA into desired DNA with extreme perfection. CRISPR is a technology used in plant breeding, where a CRISPR-Cas gene derived from the prokaryote is used to alter the plant genome to create the germplasm with superior and beneficial traits. The crop produced by plant breeding or CRISPR technology possesses a high yield, better quality than traditional crops, disease resistance, herbicide tolerance, and climatic tolerance among others.

Data Bridge Market Research analyzes that the Latin America plant breeding and CRISPR plant market which was USD 7,489.05 million in 2023, is expected to reach USD 16,525.57 million by 2031, growing at a CAGR of 9.5% during the forecast period of 2024 to 2031. 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.

Latin America Plant Breeding and CRISPR Plant Market Scope and Segmentation

Market Definition

Plant breeding and CRISPR (Clustered Regularly Interspaced Short Palindromic Repeats) technology are two powerful approaches in agricultural science that focus on improving crop plants to enhance their traits, yield, and resilience. Plant breeding is the science of selectively crossing and propagating plants with desirable traits to create new varieties or cultivars. It has been practiced for thousands of years and has contributed significantly to the development of diverse crop varieties. CRISPR technology is a revolutionary gene-editing technique that enables precise modification of the DNA of an organism, including crop plants.

Latin America Plant Breeding and CRISPR Plant Market Dynamics

Drivers

• Increasing Population Growth

Latin America's growing population creates a rising demand for food, making it imperative to develop crops with higher yields and nutritional content to meet this demand. This in turn creates a huge scope for market growth.

• Increasing awareness regarding food security

Ensuring a stable and secure food supply is a top priority. Improved plant varieties developed through breeding and CRISPR technology contribute to food security by increasing crop resilience and productivity, which is driving market growth.

Opportunities

• Crop Improvement for Local Conditions

Latin America has a wide range of agro-climatic conditions. Opportunities exist for developing and breeding crops that are well-suited to local conditions, such as drought-resistant varieties, disease-resistant strains, and crops adapted to specific soils and climates.

• Biodiversity and Genetic Resources

Latin America is rich in biodiversity, making it a valuable source of genetic material for plant breeding. Companies and researchers can explore partnerships with local institutions to access and utilize these genetic resources for crop improvement.

Challenges/Restraints

• Regulatory Uncertainty

Varying and evolving regulatory frameworks for genetically modified organisms (GMOs) and gene-edited crops in different Latin American countries can create uncertainty and delays in research and commercialization. That is a challenge for the market.

• Rising Public Acceptance

Concerns and skepticism among the public about genetically modified and gene-edited crops can impact consumer acceptance and market adoption. It is major concern for the market and restricting market growth,

This plant breeding and CRISPR plant 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 plant breeding and CRISPR plant 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

• In March 2020, Bioceres Crop solution raised funding of USD 42.5 Million for accelerating the launch of HB4 Technology- which provides resistance against salt and drought to soyabean and wheat. This funding will help Bioceres crop solution to speed up their process and to strengthen their research and development process

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Latin America Plant Breeding and CRISPR Plant Market Scope

The plant breeding & CRISPR plant market is segmented on the basis of basis of type, process, traits, and application. The growth amongst these segments will help you analyze 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

• Conventional Breeding

• Biotechnological Method

Process

• Selection
• Hybridization
• Mutation Breeding

Traits

• Herbicides Tolerance
• Disease Resistance
• Yield Improvement
• Others

Application

• Cereals & Grains
• Oilseeds & Pulses
• Fruits and Vegetables
• Other Crop Types

Latin America Plant Breeding & CRISPR Plant Market: Country Analysis

The plant breeding & CRISPR plant market is analyzed and market size information is provided by country, type, process, trait, and application.

The countries covered in the market report are Brazil, Argentina, Bolivia, Paraguay, Uruguay, and rest of Latin America.

Brazil is expected to dominate the market and is expected to grow with the highest growth rate in the forecast period due to breeding & CRISPR plants in the agricultural sector.

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 such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Latin America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

Competitive Landscape and Latin America Plant Breeding and CRISPR Plant Market Share Analysis

The plant breeding & CRISPR plant 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 plant breeding & CRISPR plant market.

Some of the major players operating in the plant breeding & CRISPR plant market are:

• BASF SE (Germany)
• Limagrain (France)
• DLF (Denmark)
• Bioceres Crop Solutions (Argentina)
• Bayer AG (Germany)
• Syngenta Crop Protection AG (Switzerland)
• Corteva Agriscience (U.S.)
• KWS SAAT SE & Co. KGaA (Germany)
• Advanta (India)
• GDM (Spain)