Global Plant Breeding Market is segmented By Trait (Herbicides Tolerance, Disease Resistance, Temperature Tolerance, Drought Resistance, Other Traits), By Application (Cereals & Grains (Wheat, Maize/Corn, Rice, Other Cereals & Grains), Fruits & Vegetables, Oilseeds & Pulses, Turf & Ornaments, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Market Overview
Global Plant Breeding Market reached US$ 7.1 billion in 2022 and is expected to reach US$ 22.8 billion by 2030, growing with a CAGR of 15.7% during the forecast period 2024-2031.
Technological advancements act as a key trend driving growth in the plant breeding market. These advancements enable plant breeders to work more efficiently, make more informed decisions, and develop improved crop varieties. In October 2022, KWS launched licensing “TraitWay” to promote innovation in plant breeding. KWS ”TraitWay” offers a catalog with native traits available. Breeders can sign a Breeders Licence for free if they locate a marketable characteristic they want to use.
Government support plays a crucial role in promoting growth in the plant breeding market. Government funding for research and development in plant breeding can significantly boost innovation. In December 2022, the African Plant Breeders Association was launched in Ghana. Its goal is to unite plant breeders from various African countries to work towards establishing food security in Africa through breeding.
Cereal crops and grains did indeed have a significant share in the plant breeding market due to their large-scale consumption. North America has the highest share in the plant breeding market growth due to the vast agricultural sector. In March 2023, the National Institute of Food and Agriculture (NIFA), a US federal government agency, invested $16.2 in innovative plant breeding research. in crop variety improvement and traditional plant breeding. This funding offers finance for fundamental, innovative breeding studies on a wide range of agronomic crops, specialty crops, wild relatives, and timber species important to U.S. agriculture.
Market Scope and Summary
| Metrics | Details |
| CAGR | 15.7% |
| Size Available for Years | 2021-2030 |
| Forecast Period | 2024-2031 |
| Data Availability | Value (US$) |
| Segments Covered | Method, Trait, Application and Region |
| Regions Covered | North America, Europe, Asia-Pacific, South America and Middle East & Africa |
| Fastest Growing Region | Asia-Pacific |
| Largest Region | North America |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Equipment Type Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics and Trends
Growing R&D Activities for Better Yield
Growing research and development (R&D) activities aimed at enhancing crop yields are significant drivers for the growth of the plant breeding market. In March 2023, FTSF, First the Seed Foundation in collaboration with Innovature introduced new curricula that let students investigate plant breeding. The seed company donated funds that allowed for the creation of this curriculum.
The increasing global population is driving higher food demand. Research and development in plant breeding are vital to addressing food security challenges by boosting food production. Utilizing advances in genetics, genomics, and biotechnology, scientists can identify and integrate genes or traits that enhance crop yields. This is essential to meet the growing global food demand and ensure food security.
Climate Change
Climate change is leading to shifts in temperature, precipitation patterns, and more frequent extreme weather events. These changes can harm crop production significantly. For instance, in 2021, India lost 5.04 million hectares of care due to cyclonic storms, floods, landslides, and cloudbursts. Plant breeding aims to produce crop varieties that can withstand adverse conditions such as drought, heat, and flooding, ensuring consistent yields even in challenging environments.
To adapt to these new conditions, plant breeders are developing crop varieties that are more resilient and can thrive in the changing environment. In August 2021, HudsonAlpha launched a tool to improve plant breeding. The tool can reliably and quickly identify complicated genomes and analyze them to improve crops for more resilient and sustainable agriculture
Cost and Time-Intensive Process
Developing new crop varieties through plant breeding involves extensive research, field trials, and laboratory work. These activities require significant financial investments in personnel, equipment, and facilities. The breeding process typically spans several years or even decades to create and stabilize new crop varieties. This extended timeline can delay the commercialization of improved varieties.
Despite significant investments, there is no guarantee of success in plant breeding. Many breeding efforts may not result in commercially viable crop varieties, leading to financial losses. High costs and long breeding cycles can discourage new entrants from entering the plant breeding market, reducing diversity and competition within the industry.
Market Segment Analysis
The global plant breeding market is segmented based on method, trait, application and region.
Rising Demand for Cereals & Grains as a Staple Food
Cereals like wheat, rice, corn, and barley are essential staples for billions worldwide, particularly in developing nations. The FAO predicts global cereal consumption to rise to 2,807 million tonnes in 2023-24, highlighting their crucial role in global diets. Plant breeding is pivotal in increasing crop yields, enhancing nutrition, and creating pest and disease-resistant varieties to meet these growing demands.
Cereals and grains thrive in various global climates. Plant breeders are dedicated to creating adaptable varieties that can withstand environmental challenges like drought, heat, and cold, bolstering their resilience to shifting weather patterns driven by climate change.
Market Geographical Penetration
North America’s Growing Advancement in the Agricultural Sector
North America is home to agricultural research and innovation by its abundance of universities, research institutions, and private companies focused on plant breeding and biotechnology. This concentration of expertise plays a pivotal role in fostering notable advancements in the agricultural sector. For instance, in February 2022, the National Institute of Food and Agriculture (NIFA), a US federal government agency, invested more than $14 million in crop variety improvement and traditional plant breeding.
North America has a substantial agricultural sector with extensive crop production. Countries like the United States and Canada have vast agricultural landscapes that require diverse crop varieties to meet market demands. Hence the diverse agricultural practices act as a driving factor for the plant breeding market growth in that region.
Market Companies
The major global players include Bayer AG, Syngenta, KWS SAAT SE & Co. KGaA, Corteva Agriscience, UPL, Equinom, Hudson River Biotechnology, Stine Seed Company, Pairwise, SAKATA SEED.
COVID-19 Impact on Plant Breeding Market
The pandemic highlighted the importance of food security, prompting increased interest and investment in agricultural technologies, including plant breeding, to ensure stable food production.
However, lockdowns and restrictions disrupted plant breeding research activities, including field trials and data collection. Delays and disruptions in the supply chain affected the availability of research materials and equipment needed for breeding programs. Economic uncertainties caused by the pandemic led to reduced funding for some breeding programs.
Russia- Ukraine War Impact
Russia- Ukraine war can disrupt plant breeding research activities, including field trials, data collection, and genetic resource preservation. Research institutions, universities, and breeding programs in the war-affected areas may face logistical challenges, funding constraints, and even physical damage to infrastructure, impacting their ability to conduct research.
The conflict may disrupt the development and maintenance of crop varieties specifically adapted to the Ukrainian and Russian climates and conditions. Varieties important for regional food security, such as wheat, barley, and sunflower, could be affected, potentially leading to decreased crop yields.
By Method (Conventional Breeding Method( Hybridization (Pedigree Method, Bulk Method, Other Hybridization Methods), Selection (Mass Selection, Pure Line Selection), Mutation Breeding, Biotechnological Breeding Method( Hybrid Breeding, Molecular Breeding, Genetic Engineering, Genome Editing))
Key Developments
- On 28 August 2023, an electron accelerator for breeding crop mutations was officially opened in Sanya City, in the southern province of Hainan. It's anticipated to create new opportunities for the growth of the crop breeding sector in China and perhaps even globally.
- In June 2023, The Savanna Institute, the Grantham Environmental Trust, and the Matthew Zell Family Foundation announced the launch of a Tree Crop Improvement Program to provide key nut, fruit, and wood crop varieties for farmers and their markets. Tree crop breeding will be funded with $12.7 million in grants to create better cultivars for Midwest farmers looking to expand their operations with perennial crops.
- In July 2020, IITA and Bayer launched the Modern Breeding Project (MBP). The project's goal is to ensure that IITA mandate crops—cassava, maize, cowpea, banana, yam, and soybean obtain the highest yield possible, leading to increased crop production on farms.
Why Purchase the Report?
- To visualize the global plant breeding market segmentation based on method, trait, application and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of plant breeding market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as Excel consisting of key products of all the major players.
The global plant breeding market report would provide approximately 61 tables, 60 figures and 183 Pages.
Target Audience 2023
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
