- Plant breeding and CRISPR technologies are critical components of modern agriculture, enabling the development of crops with enhanced traits such as higher yields, resistance to diseases, and tolerance to environmental stresses. These technologies are vital for improving agricultural productivity in Latin America, a region with significant agricultural output
- The rising demand for plant breeding and CRISPR solutions is fueled by increasing population pressures, climate change challenges, and the need for sustainable farming practices to ensure food security
- Brazil dominated the Latin America plant breeding & CRISPR plant market with the largest revenue share of 39.1% in 2024, driven by its robust agricultural sector, widespread adoption of biotechnological innovations, and strong presence of key industry players
- Argentina is expected to be the fastest-growing country in the Latin America plant breeding & CRISPR plant market during the forecast period, attributed to increasing investments in agricultural research, rising adoption of genetically modified crops, and favorable government policies promoting sustainable agriculture
- The Conventional Breeding segment dominated the largest market revenue share of 55% in 2024, driven by its cost-effectiveness, lack of regulatory scrutiny, and established use in staple crops such as cereals and grains, particularly in Brazil, which dominates the market due to its robust agricultural sector
