Plant Biotechnology Market Size ($72.34 Billion by 2030 at 12.8% CAGR)

Plant Biotechnology Market Snapshot

“The Plant Biotechnology Market to grow from USD 33.45 billion in 2023 to USD 72.34 Billion by 2030, at a CAGR of 12.8%.”

Plant biotechnology involves genetic engineering of plants using recombinant DNA. This Report focuses on regulatory requirements for genetically altered plants, a challenging task for scientists, particularly in the public sector and small businesses.

There is no simple checklist of tasks, and regulators can request more data and testing even when developers see the light at the end of the tunnel.

Plant biotechnology involves the use of tissue culture and genetic engineering techniques to create plants with enhanced properties.

Plant biotechnology has the potential to reduce allergenic proteins in rice, peanuts, and soybeans, as well as other unwanted components like glucosinolates in canola meal, protease inhibitors in beans, glycoalkaloids in potatoes, and mycotoxins in maize.

Additionally, it can eliminate or lower caffeine levels in coffee beans without chemical extraction, allowing for a more balanced and healthy diet.

Plant biotechnology (PBT) involves scientific methods for genetically manipulating plants to create beneficial products. Nanotechnology, a transgressive discipline, benchmarks the synthesis, characterization, and application of matter at 1-100 nanometer scales.

Crop biotechnologists can now use nanomaterials (NMs) as vehicles for genes or proteins to unravel biological pathways for plant responses and modify designer crops.

The development of bionic plants using nanocrystals (NMs) has increased productivity and enabled the use of nanobioimaging tools.

These tools can detect real-time biochemical and physiological responses in plant cells and organs, and can also image plant growth responses in four dimensions.

Plant disease theranostics has improved with increased accuracy, speed, and sensitivity for detecting pests, diseases, and agricultural plants. Nanobarcodes can identify genetically modified crops. Plant cell nanofactories can execute green synthesis and improve seed germination and growth through complex NM-biological system interactions. This chapter explores nanotechnological interventions for plant-based therapies (PBT) and current research in this cutting-edge field.

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Technological Advances

Plant biotechnology enhances agricultural plant health through various in vitro procedures like micropropagation, haploid creation, selection, somatic hybridization, secondary metabolite generation, and converting plants with foreign genes, contributing significantly to food security.

Transgenic technology has been refined since the tobacco transformation report to create tailored crops for food security and plant biology, as reported by Anjanappa and Gruissem (2021).

Plant genetic transformation technologies introduce nonplant and plant origin genes for various properties like insect resistance, abiotic stress tolerance, herbicide tolerance, photosynthetic enhancement, bio-fortification, and disease resistance.

These techniques use biological and nonbiological processes like Agrobacterium tumefaciens, electroporation, polyethylene glycol, direct DNA absorption, and particle bombardment.

Despite the availability of protocols and vectors, there is a need for new transformation procedures for various plant species and targeted genetic manipulation in crop improvement. Plant genetic engineering aims to generate new genetic material for specific genes, resulting in unique features.

Competitive Landscape of the Plant Biotechnology Market Analysis

• Syngenta (Switzerland)
• Bayer Monsanto Company
• Dowdupont (US)
• Thermo Fisher Scientific' Inc. (U.S.)
• BASF Plant Science (Germany)
• Agilent Technologies' Inc. (U.S.)
• Eurofins Scientific (Luxembourg)
• Illumina, Inc. (US).
• The KWS Group (Germany)
• Neogen Corporation (US)
• Nutriag Ltd. (Canada)
• Evogene Ltd (Israel)

New Developments in Plant Biotechnology Market

Oct 16 2023- Syngenta sharpens biologicals focus with launch of first biologicals service center for seed treatment

Syngenta Seedcare is strengthening its focus on biologicals and extending its leadership in seed treatment with the opening of its first biologicals service center at The Seedcare Institute in Maintal, Germany.

Equipped with state-of-the-art technologies, the center addresses growing farmer demand across the EU for biological seed treatment solutions providing best-in-class service and application support for its customers. Syngenta Seedcare currently operates 18 Seedcare Institutes with more than 120 experts globally. Additional biological service centres are set to be added to more Seedcare Institutes in future.

Sept. 21, 2023- Thermo Fisher just opened a $180 million plant. Executives already are talking about expanding.

Thermo Fisher Scientific’s giant plant to manufacture gene therapies for drug companies is barely a year old, but executives at the maker of scientific tools are already talking about expanding.

Standing inside, a cavernous unfinished section of the plant, Paul Fitzgerald, vice president and general manager of the site, told a group of biotech executives, journalists, and other visitors that he’s eager to transform it into laboratories. So far, the company is only using about 290,000 of the plant’s more than 400,000 square feet.

Regional Analysis of Global Plant Biotechnology Industry

North America is the developed regional market for plant biotechnology, driven by key companies and established infrastructure. The widespread adoption of biotechnology for diverse crops like soybeans and maize, along with scientific advances in molecular biology and genetic engineering, has contributed to market expansion.

Europe ranks second in the value market.

Secondary sources were utilized to establish geographical and segment-wise divides in the plant biotechnology market, confirmed by primary respondents. Market share evaluations considered demand in different regions, company numbers, demand patterns, supply trends, and research activity levels. These parameters were also used to estimate the market.

Segments Covered in the Plant Biotechnology Market Report

Plant Biotechnology Market Segment By Equipment Type

• Incubators
• Sequencer
• Temperature controllers
• Sensors
• Sterilizers
• Centrifuges
• Others

Plant Biotechnology Market Segment by Application

• Soil handling
• Breeding
• Product development
• Yield improvement
• Genetic modification
• Disease resistance
• Others

Plant Biotechnology Market by Region

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Australia
  • Rest of Asia-Pacific
• Rest of the World
• Middle East
• Africa
• Latin America

Frequently Asked Questions

What are some applications of Plant Biotechnology?

Biotechnology's practical applications have led to the development of safe, long-term food, requiring further research for improved production and processing technologies.

What is the expected growth rate of the Plant Biotechnology market over the next 7 years?

The Plant Biotechnology Market to grow from USD 33.45 billion in 2023 to USD 72.34 Billion by 2030, at a CAGR of 12.8%

Who are the major players in the Plant Biotechnology market and what is their market share?

Syngenta (Switzerland), Bayer Monsanto Company, Dowdupont (US), Thermo Fisher Scientific' Inc. (U.S.) , BASF Plant Science (Germany), Agilent Technologies' Inc. (U.S.) , Eurofins Scientific (Luxembourg), Illumina, Inc. (US)., The KWS Group (Germany), Neogen Corporation (US), Nutriag Ltd. (Canada), Evogene Ltd (Israel), are prominent players operating and dominating in the market.

Who are the top 3 Plant Biotechnology Market Key Vendors?

Syngenta (Switzerland), Bayer Monsanto Company, Dowdupont (US), are key players in the Plant Biotechnology market.

Which geographical areas dominate the worldwide market for Plant Biotechnology?

North America region are emerging as the top regional markets for Plant Biotechnology solutions.