The market for plant biotechnology market is expected to develop at a compound annual growth rate (CAGR) of 8.2% from 2025 to 2035, from its estimated USD 47.88 billion in 2024 to USD 113.93 billion by 2034.

In order to increase agricultural productivity, disease and pest resistance, and nutritional quality, this discipline uses a variety of technologies, including tissue culture, genetic engineering, and molecular markers.

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GROWTH DRIVERS

The market for plant biotechnology is expanding as a result of the increased demand for food security brought on by the world's constantly expanding population. The United Nations estimates that by the middle of 2080, there would be roughly 10.3 billion people on the planet, having grown during the previous 50 to 60 years. The need for agricultural production is rising as the world's population is expected to grow.

Because of the substantial effects of climate change on conventional farming methods, it is imperative to create crops that can flourish in shifting conditions. An efficient substitute for producing climate-resilient crops with minimal water and other chemical inputs is plant biotechnology. For example, farmers in arid locations can continue harvesting despite restricted water availability thanks to the development of drought-resistant maize cultivars through genetic engineering procedures.

MARKET SEGMENTATION:

By Product Type -

·         Crop Protection & Nutrition Solution Products

o   Biopesticides

o   Biofertilizers

o   Plant Growth Regulators

·         Biotech Seeds & Traits

o   Insect Resistance

o   Herbicide Tolerance

o   Stacked

·         Synthetic Biology-Enabled Products

By Technology -

·         Genetic Engineering

·         Marker-Assisted Breeding

·         Genome Editing

·         Tissue Culture

·         Synthetic Biology

·         Other Technologies

By Crop Type –

·         Cereals & Grains

o   Wheat

o   Corn

o   Rice

o   Sorghum

o   Barley

o   Other Cereals & Grains

·         Oilseeds & Pulses

o   Soybean

o   Canola

o   Cotton

o   Other Oilseeds & Pulses

·         Fruits & Vegetables

o   Pome Fruits

o   Citrus Fruits

o   Root & Tuber Vegetables

o   Leafy Vegetables

o   Other Fruits & Vegetables

·         Other Crop Types (Medicinal Crops, etc.)

By Distribution Channel –

·         Direct Sales

·         Distributors

·         Online Platforms

·         Retail Outlets

By End User –

·         Seed Companies

·         Agricultural Input Suppliers

·         Food & Beverage Industry

·         Biofuel & Biochemical Companies

·         Pharmaceutical & Biopharma Companies

·         Government & Research Institutes

By Region -

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East & Africa

Key Players:

·         BASF SE

·         Bayer AG

·         Corteva Agroscience

·         Syngenta AG

·         FMC Corporation

·         UPL

·         Sumitomo Chemical Co. Ltd.

·         Nufarm

·         Pro Farm Group

·         Indigo Agriculture

·         Other Key & Niche Players

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