PUBLISHER: The Business Research Company | PRODUCT CODE: 1668507
PUBLISHER: The Business Research Company | PRODUCT CODE: 1668507
Plant genomics delves into comprehending the genetic blueprint, arrangement, functionalities, and interconnections within an entire plant genome via sequencing, characterization, and analysis. Its aim is to acquire genome-level insights into plant metabolism, physiology, and growth, facilitating the development of novel crop varieties.
The primary branches of plant genomics encompass molecular engineering, genetic engineering, and genome editing. Molecular engineering involves the design and testing of molecular properties, behaviors, and interactions to optimize materials, systems, and processes for specific functions. It encompasses traits such as yield enhancement, disease resistance, and herbicide tolerance, employing technologies such as DNA and RNA sequencing, genotyping, and marker-assisted selection (MAS). These methodologies find diverse applications across cereals, grains, oilseeds, pulses, fruits, vegetables, and other agricultural domains.
The plant genomics market research report is one of a series of new reports from The Business Research Company that provides plant genomics market statistics, including plant genomics industry global market size, regional shares, competitors with a plant genomics market share, detailed plant genomics market segments, market trends and opportunities, and any further data you may need to thrive in the plant genomics industry. This plant genomics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The plant genomics market size has grown strongly in recent years. It will grow from$10.99 billion in 2024 to $11.94 billion in 2025 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to increased funding for genomic research, crop yield optimization, climate change challenges, collaborations in research, and consumer demand for sustainable agriculture
The plant genomics market size is expected to see strong growth in the next few years. It will grow to $17.36 billion in 2029 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to big data analytics in genomics, precision agriculture adoption, nutritional enhancement in crops, global food security concerns, and gene expression studies. Major trends in the forecast period include CRISPR and genome editing technologies, advancements in sequencing technologies, big data and bioinformatics, CRISPR and genome editing, and integration of omics technologies.
The rising demand for genetically modified plants is anticipated to drive the growth of the plant genomics market in the future. Genetically modified plants are biological organisms that have been altered through genetic modification using recombinant deoxyribonucleic acid (DNA) technology. Research in plant genomics enhances these genetically modified plants by altering their growth patterns or increasing their resistance to diseases. When a specific segment of DNA is introduced into a plant's genome, it results in a genetically modified plant exhibiting new or different characteristics. For example, in February 2024, AgbioInvestor-GM, a Scotland-based firm specializing in the biological market, reported that the global area planted with genetically modified crops grew by 1.9% in 2023 compared to the previous year, reaching an all-time high of 206.3 million hectares. Consequently, the heightened demand for genetically modified plants is fueling the growth of the plant genomics market.
The escalating need for improved food productivity is projected to be a driving force behind the plant genomics market. Food productivity measures the yield of food per unit of land, labor, or capital. Plant genomics, revolutionizing agriculture, plays a pivotal role in boosting food productivity by examining plant genetics to develop high-yield crops. According to the Food and Agriculture Organization's October 2023 report, global cereal production surged by 26 million tons from 2,793 million tons in 2022 to 2,819 million tons in 2023. Moreover, global wheat production witnessed a 3.2% rise from 778.3 million tons in 2021 to 803.1 million tons in 2022. Hence, the mounting demand for enhanced food productivity propels the growth trajectory of the plant genomics market.
Major companies in the plant genomics market are concentrating on developing advanced solutions, such as genomics technology platforms, to boost crop yields and improve plant traits. These platforms include cutting-edge systems and methodologies like Next Generation Sequencing (NGS), CRISPR/Cas9, and RNA sequencing, which allow for a thorough analysis of plant genomes. This analysis aids in enhancing crop breeding, increasing disease resistance, and improving overall agricultural productivity. For example, in February 2023, Singrow Pte Ltd, an Agri-tech company based in Singapore, introduced the world's first climate-resilient strawberry variety utilizing advanced genomics technology. This innovation aims to bolster food security and sustainability in tropical regions by facilitating high-yield strawberry cultivation and decreasing reliance on seasonal imports.
Major players in the plant genomics market are investing efforts into developing cutting-edge innovations such as CRISPR technology, aiming to gain a competitive edge. CRISPR technology revolutionizes genetic code editing in living organisms. For instance, Qiagen NV launched CRISPR Q-Primer Solutions, facilitating genome editing in humans, plants, and animals. These custom-designed primers amplify the region surrounding the CRISPR editing site, enabling precise assessment of gene-editing outcomes. This technology ensures accurate evaluation of gene-editing efficiency, offering a pivotal tool for researchers across various domains.
In November 2022, Bayer AG, a prominent pharmaceutical and biotechnology company based in Germany, completed the acquisition of Targenomix GmbH for an undisclosed sum. This strategic acquisition positions Bayer to establish a robust platform dedicated to discovering and advancing new crop protection products. Targenomix GmbH, also based in Germany, specializes in providing plant genomic solutions, adding significant value to Bayer's capabilities in this sector.
Major companies operating in the plant genomics market include Agilent Technologies Inc., Illumina Inc., Eurofins Scientific SE, NRGene Ltd., Keygene N.V., Neogen Corporation, QIAGEN N.V, LC Sciences, TraitGenetics GmbH, Novogene Corporation, Oxford Nanopore Technologies Limited, Genewiz Inc., BGI Group, Genotypic Technology Pvt. Ltd., Floragenex Inc., Biome Makers Spain Inc., AgBiome, GATC Biotech AG, Bionano Genomics, Verinata Health Inc., National Institute of Plant Genome Research, Chinese Academy of Agricultural Sciences, Japan International Research Center for Agricultural Sciences, Korea Institute of Plant Biotechnology, Institute of Plant Sciences Paris-Saclay, Wageningen University & Research, Ghent University
Asia-Pacific was the largest region in the plant genomics market in 2024. The regions covered in the plant genomics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the plant genomics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The plant genomics market includes revenues earned by entities by providing services such as genome sequencing, targeted sequencing, DNA percentage checking, quantitative trait locus (QTL) mapping, and genetic disease identification. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Plant Genomics Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on plant genomics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for plant genomics ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The plant genomics market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.