Plant Genomics

Plant Genomics

Global Plant Genomics Market to Reach US$20.8 Billion by 2030

The global market for Plant Genomics estimated at US$12.2 Billion in the year 2023, is expected to reach US$20.8 Billion by 2030, growing at a CAGR of 7.8% over the analysis period 2023-2030. Molecular Engineering, one of the segments analyzed in the report, is expected to record a 8.3% CAGR and reach US$10.5 Billion by the end of the analysis period. Growth in the Genetic Engineering segment is estimated at 7.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.4 Billion While China is Forecast to Grow at 7.4% CAGR

The Plant Genomics market in the U.S. is estimated at US$3.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.2 Billion by the year 2030 trailing a CAGR of 7.4% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 7.3% and 6.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.4% CAGR.

Global Plant Genomics Market – Key Trends & Drivers Summarized

What Is Plant Genomics and Why Is It Crucial for Agricultural Advancements?

Plant genomics is the study of the structure, function, evolution, and mapping of plant genomes to understand the genetic makeup of plant species. By analyzing DNA sequences, plant genomics aims to uncover the genes responsible for various traits such as drought tolerance, pest resistance, yield, and nutritional content. This field plays a pivotal role in modern agriculture, offering insights that allow for the development of crops with enhanced characteristics, making them more resilient to environmental stresses and improving overall productivity. As the global population continues to grow and agricultural resources become strained by climate change and land degradation, plant genomics is increasingly seen as a critical tool for ensuring food security. Advances in genomics enable plant breeders and researchers to identify beneficial traits at the genetic level and accelerate the process of breeding or engineering new plant varieties. This scientific field is not limited to food crops; it also extends to biofuels, medicinal plants, and industrial crops, making it a foundational technology for a wide range of industries. In particular, plant genomics is key to sustainable agriculture, as it helps develop crops that require fewer inputs such as water, fertilizers, and pesticides, thus reducing the environmental footprint of farming.

How Are Technological Innovations Revolutionizing Plant Genomics?

The rapid pace of technological advancements is transforming plant genomics, enabling scientists to study plant genetics more deeply and efficiently than ever before. One of the most significant innovations is next-generation sequencing (NGS) technology, which allows for the rapid sequencing of plant genomes at a fraction of the cost and time compared to traditional methods. NGS has made it possible to map entire plant genomes, identify genetic variations, and explore gene functions more quickly, accelerating the development of improved crop varieties. Another groundbreaking technology is CRISPR-Cas9, which enables precise editing of plant DNA, allowing scientists to directly modify specific genes to introduce or enhance desired traits. This gene-editing tool has revolutionized plant genomics by enabling faster and more targeted breeding efforts, such as creating crops with higher yields, improved nutritional content, or enhanced resistance to diseases and pests.

High-throughput genotyping and phenotyping platforms are also transforming plant genomics research by enabling the large-scale screening of plant populations to identify beneficial genetic traits. These platforms use automated systems and advanced sensors to measure plant traits under various environmental conditions, allowing researchers to link genetic information with phenotypic outcomes, such as plant height, biomass, or disease resistance. Additionally, the integration of bioinformatics and AI-driven data analytics has further enhanced the ability to process vast amounts of genomic data, providing deeper insights into plant biology and helping researchers predict how plants will respond to genetic changes or environmental stresses. These technological advancements are not only speeding up research but are also enabling the commercialization of plant genomics, helping bring improved crops to market faster and more efficiently.

What Challenges Are Driving the Need for Plant Genomics in Agriculture?

The agricultural sector is facing significant challenges that are intensifying the need for advancements in plant genomics. One of the most pressing challenges is the impact of climate change, which is causing unpredictable weather patterns, extreme temperatures, and more frequent droughts and floods. These changes threaten global crop yields and make it increasingly difficult to grow traditional crop varieties. Plant genomics offers solutions by enabling the development of crops that are more resilient to these changing environmental conditions, such as drought-tolerant or heat-resistant plants. Another challenge is the growing global population, which is expected to surpass 9 billion by 2050, requiring a substantial increase in food production to meet rising demand. Plant genomics can help address this challenge by improving crop yields and optimizing resource use, such as water and fertilizers, to ensure sustainable food production.

Pests and diseases are also posing significant threats to agriculture, exacerbated by globalization and changing climates, which allow pests to spread to new regions. Through plant genomics, scientists can identify and introduce genes that confer resistance to specific pests and diseases, reducing the reliance on chemical pesticides and promoting more sustainable agricultural practices. Furthermore, consumer demand for healthier and more nutritious food is pushing the adoption of plant genomics, as it enables the development of biofortified crops with enhanced vitamin and mineral content. The pressure to reduce the environmental impact of agriculture is another driver for plant genomics, as the technology allows for the development of crops that require fewer inputs and produce less waste. These challenges highlight the importance of plant genomics in creating a more sustainable and resilient agricultural system capable of feeding the world’s growing population.

What Factors Are Driving the Growth in the Plant Genomics Market?

The growth in the plant genomics market is being driven by several key factors, each playing a crucial role in the expansion of the industry. One of the primary drivers is the increasing global focus on food security in the face of population growth and resource scarcity. As the need to produce more food on less land intensifies, plant genomics offers an essential tool for improving crop productivity and resilience, allowing farmers to meet the demand for food with fewer resources. The rapid advancements in genomic technologies, such as next-generation sequencing, CRISPR-Cas9, and bioinformatics, are also fueling the market by making plant genomics more accessible, efficient, and cost-effective. These technologies are enabling researchers and agribusinesses to accelerate breeding programs and develop new crop varieties faster than traditional methods allow.

Another factor driving growth is the increasing investment in agricultural biotechnology by both governments and private companies. As countries recognize the potential of plant genomics to address global challenges such as food security, climate change, and sustainable agriculture, there has been a surge in funding for research and development in this field. Regulatory support is also playing a crucial role, as many countries are beginning to adopt more favorable regulatory frameworks for gene-edited crops, differentiating them from genetically modified organisms (GMOs). This shift in regulation is expected to further boost the adoption of plant genomics technologies, particularly CRISPR, as a method for crop improvement.

The rising consumer demand for healthier and more sustainable food products is another growth driver in the plant genomics market. As consumers seek out foods that are not only nutritious but also produced in environmentally friendly ways, plant genomics offers a path to developing crops that meet these preferences. Biofortified crops, for example, can help address global nutritional deficiencies, while genetically engineered crops that require fewer chemical inputs contribute to more sustainable farming practices. These factors are collectively driving the growth of the plant genomics market, positioning it as a critical component of the future of agriculture and biotechnology.

Select Competitors (Total 33 Featured) -

• Agilent Technologies
• BGI Genomics
• Eurofins Scientific
• Floragenex
• Genewiz
• Genotypic Technologies
• Illumina, Inc.
• KeyGene
• LC Sciences
• Neogen Corporation
• Novogene Corporation
• NRGene
• Oxford Nanopore Technologies
• Qiagen
• Traitgenetics GmbH

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