The plant Breeding Market size was valued at USD 16.4 billion in 2021 and is expected to reach USD 14.2 billion by 2028, at a CAGR of 12.6% during the forecast period 2022-2028 Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “Global Plant Breeding Market: By Type (Conventional Breeding, and Biotechnological Method (Hybrid Breeding, Molecular Breeding, Genetic Engineering, and Genome Editing)), By Trait (Herbicide Tolerance, Disease Resistance, yield Improvement, and Others), By Application (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others), By Process (Selection, Hybridization, and Mutation Breeding) and Geography- Global/Region/Country Forecast to 2027”.

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Exponential decline in the price of Genomic Solutions is boosting the Global Plant Breeding Market

Global plant breeding market is expanding at considerable CAGR rate due to the growing demand for better crop varieties for sustainable crop production. Plant breeding market report further aims at providing a wide-ranging viewpoint around the regions with main focus on major regions such as Asia Pacific, Latin America, Middle East, North America, Europe and Africa. This market report provides historical, present and future market sizes on the basis of region, type, trait, process and application. Service providers, suppliers, manufacturers, marketers and policy makers engaged in the worldwide plant breeding products are the key stakeholders of the global plant breeding market.

Unlike genetic techniques, there are no rules implied by the government for molecular breeding around the globe, which is anticipated to propel biotechnological method growth at a high rate during the forthcoming years. There are a few more leading factors, which are fuelling the market growth such as increasing demand for improved crop varieties making use of modern breeding techniques and exponential decrease in the pricing of genomic solutions. On the other hand, dearth of laboratory infrastructure and high price for modern plant breeding techniques over traditional breeding technique hampers the market growth over the evaluation time span. Global plant breeding market is surging due to the definitive agreements and strategic collaborations and expansions to other geographies for enhancing the company growth. For example, KWS SAAT SE and J.R Simplot Company (US) in the year 2018 together established a new joint business enterprise called Adrevo B.V. Limagrain (France) obtained AdvanSeed (Denmark) in September 2018 through its subsidiary Vilmorin & Cie.  The obtained company has specialism in the breeding, production and distribution of hybrid spinach and leafy vegetable seeds.

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Asia Pacific Witnessed larger revenue share in the Global Plant Breeding Market

Asia Pacific witnessed larger revenue share in the global plant breeding market with considerable CAGR rate due to the growing demand for the commercial seeds and increasing R&D centers around the Asia Pacific region. In addition, Key players making huge investments in plant research have been increasing greatly. The biotechnology industry in leading economies of this region such as India, China and Japan have witnessed high growth potential for plant breeding market over the assessment time span.

Competitive Analysis - Global Plant Breeding Market

Major players working in the global plant breeding market are Bayer, Syngenta, KWS Group, Dowdupont and Groupe Limagrain

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