Industry Background:
Plant breeding is a process of developing new plant varieties and improve the genetic potential of plants that go by various names including cultivar development, crop development, and seed improvement. Breeding involves the creation of a combination of parental plants to obtain the next generation with various traits. The selection process in breeding is driven by biological assessment in the relevant target environment and knowledge of genes and genomics. This study is followed to grow plants that are more useful to human, which is accompanied by a selection of plants which are found to be economically or aesthetically required.
This growth is primarily driven by Need for Production of Crops to Meet Ever-Increasing Demand for Food Across the World and Demand for Improved Yield, Disease Resistance and Quality Rich Crops.
Globally, a noticeable market trend is evident The Emergence of Hybrid Seed Technology in Plant Breeding. Major Players, such as Bayer AG (Germany), BASF SE (Germany), Advanta Seeds (UAE), NRGene (Israel), Syngenta AG (Switzerland), Bioconsortia Inc. (United States), Evogene Ltd.(Compugen) (Israel), Hudson River Biotechnology (Netherlands), KWS Saat Se & co. KGaA (Germany), Eurofins (Luxembourg), Equinom (Israel) and SGS SA (Switzerland) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 29th October 2019, BASF and NRGene announced the research collaboration which includes the adoption of NRGene's cloud-based artificial intelligence (AI) technology into BASF soybean research projects. Genomic technology provides a more comprehensive evaluation to accelerate trait discovery and breeding across diverse crops. This collaboration will help explore the power of digitalization to improve and accelerate agricultural research and aligns with the BASF's soybean crop system strategy. BASF and NRGene are focusing on developing and delivering technologies to support farmers to grow better yield, protect their crops.
Regulatory Insights:
"According to a 2011 study by the European Commission's Joint Research Centre (JRC), Europe's plant breeding industry and researchers have been very active in the field of new plant-breeding techniques, and have carried out almost 50 % of the research done globally. These new techniques allow targeted gene modifications to be obtained more precisely and faster than by conventional plant-breeding techniques. The study notes that because the regulatory costs for plants classified as GMOs are much higher than those for non-GMO plants and because public acceptance of them is lower, biotechnology companies and plant breeders have been 'particularly concerned' by the legal uncertainty relating to the applicability of GMO rules to these new techniques."
Market Drivers
- Need for Production of Crops to Meet Ever-Increasing Demand for Food Across the World
- Demand for Improved Yield, Disease Resistance and Quality Rich Crops
Market Trend
- The Emergence of Hybrid Seed Technology in Plant Breeding
Restraints
- Stringent Regulatory Norms Imposed on Plant Breeding
Opportunities
Growing Population and Urbanisation Across the World will Boost the Plant Breeding Market and Technological Advancements in Plant Breeding
Challenges
Stiff Competition in Plant Breeding Market and The Requirement of Skilled Professionals for Plant Breeding
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Plant Breeding Study Sheds Light on
The Plant Breeding Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Plant Breeding industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Plant Breeding industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.