Plant Biotechnology Market Scope
Today many innovative work labs are grinding away testing the capability of the abbreviation to solve a range of food-related worries for both buyers and growers. Plant biotechnology can decrease various unfortunate food segments, for example, one of the major allergenic proteins in rice or the significant allergens in nut or soybeans. Plant biotechnologies that help with growing new varieties and attributes incorporate genetics and genomics, marker-helped determination (MAS), and transgenic (hereditary designed) crops. These biotechnologies permit researchers to identify and plan qualities, find their capacities, select for specific genes in genetic resources and breeding, and move qualities for explicit attributes into plants where they are needed.NIFA funds examination, preparation, and expansion for creating and utilizing biotechnologies for food and Agriculture. The human population is rapidly outgrowing is booming the demand for plant biotechnology.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Plant Biotechnology market throughout the predicted period.
ADAMA Agricultural Solutions Ltd. (Israel), BASF SE (Germany), Bayer CropScience AG (Germany), Certis USA LLC (United States), Dow AgroSciences, LLC (United States), Mycogen Seeds (United States), DuPont Pioneer (United States), Marrone Bio Innovations, Inc. (United States), Monsanto Company (United States) and Performance Plants, Inc. (Canada) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Syngenta AG (Switzerland) and Valent BioSciences Corporation (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Plant Biotechnology market , by Application (Soil handling, Breeding, Product development, Yield improvement, Genetic modification, Disease resistance and Others) and Region with country level break-up.
On the basis of geography, the market of Plant Biotechnology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In January 2021 VIB driving life sciences foundation in Belgium gets the CropDesign site from BASF and dispatches its first farming biotechnology incubator. VIB will build up a plant science and agricultural innovation hatchery at the CropDesign site. These offices will fill in as Flanders' chief community for horticultural biotechnology (AgBio) developments for new companies. VIB will give an actual space to beginning phase organizations that work on the fate of supportable farming and food creation, offer nursery space, and give a climate to like-minded organizations.
"The United States Department of Agriculture (USADA) reports new plant biotechnology guidelines, New plant biotechnology guidelines declared by the U.S. Division of Agriculture Animal and Plant Health Inspection Service, APHIS, are an achievement for using hereditary designing and quality altering to improve plants for a stronger and safe farming framework, as per a Texas A&M University pioneer" and "In the Consolidated Appropriations Act of 2017, Congress directed the U.S. Food and Drug Administration (FDA) to conduct “consumer outreach and education regarding agricultural biotechnology and biotechnology-derived food products and animal feed, including through publication and distribution of science-based educational information on the environmental, nutritional, food safety, economic, and humanitarian impacts of such biotechnology, food products, and feed.”
Market Trend
- Rising R&D activities related to the development of transgenic plants
Market Drivers
- Increasing the establishment of biotechnology companies, and the introduction of recent technologies in developing countries
- The rise in the population of various European countries
- The high population presence in developing countries like India and China is fueling the demand for food
Opportunities
- Increasing adoption of transgenic plants in both developed as well as developing countries
- The growing use of biotech equipment for biofuel production is expected to have a positive impact on the industry
Restraints
- Stringent regulations on genetically modified crops
Challenges
- Lack of awareness regarding plant biotechnology in the developing countries rural area
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Plant Biotechnology Providers, Government Regulatory and Research Organizations and End-Use Industry