New Jersey, NJ, Nov. 13, 2019 (GLOBE NEWSWIRE) -- The key contributing factors for the market growth are increasing demand for enhanced crop varieties using modern breeding techniques and exponential reduction in the cost of genomic solutions. Theglobal plant breeding and CRISPR plants market is expected to grow from USD 6.3 Million in 2017 to USD 21.2 Million by 2025 at a CAGR of 16.4% during the forecast period 2018-2025, according to the new report published by Fior Markets.

The CRISPR-Cas9 system is defined as a plant breeding innovation that uses site-directed nucleases to target and transform DNA with great accuracy. It was developed in 2012 by scientists from the University of California, Berkeley, and has received a lot of focus in recent years due to its wide range of uses, including biological research, breeding and development of crops and animals, and human health applications. It also includes gene silencing, DNA-free CRISPR-Cas9 gene editing, homology-directed repair (HDR), and transient gene silencing or transcriptional repression (CRISPR).

Increasing demand for enhanced crop varieties using modern breeding techniques is a major factor driving the market. Also, exponential reduction in the cost of genomic solutions and advancements in technology ensure strong market growth. High cost associated with modern breeding methods as compared to conventional breeding, poor laboratory infrastructure and lack of validated markers hampers the growth of the market. However, rising investments from seed companies and favourable regulations for molecular breeding may boost the market in the coming years.

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Key players in the plant breeding and CRISPR plants market are Bayer, Syngenta, KWS, DowDuPont, Eurofins, SGS, Advanta Seeds, Benson Hill Biosystems, Bioconsortia, DLF, Equinom, Evogene, Groupe Limagrain, Hudson River Biotechnology, Land Olakes, Pacific Biosciences, SGS, and Syngenta among others. Key players active in the market are involved in collaborative agreements and expansion to bolster the growth of the market.

The hybridization segment held the largest market share of 45.70% in 2017

The process segment is classified into selection, hybridization and mutation breeding. The hybridization segment is dominated the Plant Breeding and CRISPR Plants Market in 2017 with a market share of 45.70%. The most successful applications of hybridization breeding are the utilization of heterosis and generation of seedless horticultural crops, such as watermelon, by employing diploid and tetraploid parents.

Biotechnological method segment valued around USD 3.99 Million in 2017

The type segment includes conventional breeding and biotechnological method. Biotechnological method segment valued around USD 3.99 Million & dominated the market in 2017. The increasing implementation of hybrid and molecular breeding techniques in developing countries and the rising cultivation of GM crops in the Americas are the factors contributing to its high growth.

The herbicide tolerance segment held the largest market share of 36.90% in 2017

Trait segment is divided into segments such as herbicide tolerance, disease resistance, yield improvement and other traits. The herbicide tolerance segment dominated the market in 2017 with a market share of 36.90%. Rising regulations on the use of chemical pesticides and increasing instances of pest attacks during the early germination phase have risen considerably due to the need for pesticide-tolerant seeds.

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The cereals & grains segment valued around USD 2.40 Million in 2017

The application segment includes cereals & grains, oilseeds & pulses, fruits & vegetables and other crop types. The cereals & grains segment valued around USD 2.40 Million and dominated the market in 2017. Corn, wheat, and rice are the major cereals bred with advanced technologies such as molecular breeding and genetic techniques. The availability of germplasm for these crops encourages the adoption of advanced breeding techniques.

Regional Segment Analysis of the Plant Breeding and CRISPR Plants Market

Asia Pacific region dominated the global plant breeding and CRISPR plants market with USD 2.72 Million in 2017. The Asia Pacific region is a major manufacturing hub owing to the ever-increasing demand for commercial seeds in the Asian market aligned with the growing economic growth conditions. Also, seed producers such as Bayer, Monsanto, and Syngenta have been showing increasing interest in tapping this potential market, wherein the companies have been expanding their R&D centres across the Asia Pacific. North America is the second fastest-growing region due to the increasing industrial value for corn and soybean in the US which is encouraging breeders to adopt advanced technologies for better yield, owing to which the adoption rate for genetics in this country remains high.

About the report:

The global plant breeding and CRISPR plants market is analysed on the basis of value (USD Million). All the segments have been analysed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porters five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution and marketing channels analysis.

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Fior Markets is a futuristic market intelligence company, helping customers flourish their business strategies and make better decisions using actionable intelligence. With transparent information pool, we meet clients objectives, commitments on high standard and targeting possible prospects for SWOT analysis and market research reports. Fior Markets deploys a wide range of regional and global market intelligence research reports including industries like technology, pharmaceutical, consumer goods, food and beverages, chemicals, media, materials and many others. Our Strategic Intelligence capabilities are purposely planned to boost your business extension and elucidate the vigor of diverse industry. We hold distinguished units of highly expert analysts and consultants according to their respective domains. The global market research reports we provide involve both qualitative and quantitative analysis of current market scenario as per the geographical regions segregated and comprehensive performance in different regions with global approach. In addition, our syndicated research reports offer a packaged guide to keep companies abreast of the upcoming major restyle in their domains. Fior Markets facilitates clients with research analysis that are customized to their exact requirements, specifications and challenges, whether it is comprehensive desk research, survey work, composition of multiple methods, in-detailed interviewing or competitive intelligence. Our research experts are experienced in matching the exact personnel and methodology to your business need.

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Global Plant Breeding and CRISPR Plants Market is Expected to Reach USD 21.2 Million by 2025 : Fior Markets - GlobeNewswire

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