Global Plant Biotechnology Services
Market Report
2024
Global Plant Biotechnology Services Market is Growing at Compound Annual Growth Rate (CAGR) of 12.8% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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Global Plant Biotechnology Services Market is Growing at Compound Annual Growth Rate (CAGR) of 12.8% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Plant Biotechnology Services Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 12.8% |
Market Split by Type |
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Market Split by End-User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Plant Biotechnology Services Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Plant biotechnology is a technique that manipulates plants for the benefit of mankind. It is a precise process to improve plants for more and better food and a better environment. The major application of plant biotechnology is the improvement of combining desirable traits from different varieties of plants to produce plants of superior quality. It is a systematic procedure used to improve trait phenotypes by crossing and selecting, directed manipulation of the genotype at the DNA sequence level, and introducing new genes. Increased investments in plant biotechnology research and development by pharmaceutical firms, research institutions, and biotechnology corporations as well as rising demand for genetically modified crops are the major factors for the growth of the plant biotechnology services market. Rising demand for biofuels, growing transgenic crops demand, rising food demand, rising per capita income, and growing population are the factors that propel the growth of the market.
The advancement of biotechnology has driven market growth:
Plant genetic engineering is one of the most popular advances in plant science. From the challenge of transforming recalcitrant species and the development of genetic engineering techniques suitable for non-angiosperms to the development of novel genetic engineering technologies and updates to existing technologies, the field of plant genetic engineering is growing and extending the limits of possibilities in Plant Sciences. Also, Transgenic plant expression of pesticidal proteins derived from Bacillus thuringiensis (BT) and other bacteria has been successfully used for insect pest control. Transgenic curry tree (Bergera koenigii) was produced by expressing the pesticidal protein Cry1Ba1 derived from Bacillus thuringiensis. Another application of using transgenic plants utilizing the K-domain technology is to increase maize yield. These are the major factors that propel the growth of the market.
The productivity of plants as biofuel or biomaterial crops is established by both the yield of plant biomass per unit area of land and the efficiency of conversion of the biomass to biofuel. Higher-yielding biofuel crops with increased conversion efficiencies allow production on a smaller land footprint minimizing competition with agriculture for food production and biodiversity conservation. Rising energy prices and depleting reserves of fossil fuels continue to renew interest in the conversion of biomass to biofuel production. Biofuels such as ethanol are derived from food crops, biomass, or lignocellulosic materials through biochemical and thermochemical conversion processes. First-generation biofuels (i.e. corn ethanol and biodiesel) are made largely from food crops such as cereals, sugar crops, and oil seeds.
Concern about genetically modified crops and low acceptance, strict rules, and regulations related to product registration are restraining factors to the market growth. A wide gap exists between the rapid acceptance of genetically modified (GM) crops for cultivation by farmers in many countries and in the global markets for food and feed, and the often-limited acceptance by consumers.
The COVID-19 pandemic has created a serious public health problem on a global scale. There is a lot of demand for scientists to create efficient diagnostics and therapies to control the pandemic because of COVID-19's quick spread and high mortality rate. Through a quick, scalable technology known as transient/stable expression in plants, some scientists working on plant biotechnology in collaboration with commercial enterprises for the emergency manufacturing of diagnostics and therapeutics have attempted to meet the rapid demand for SARS-CoV-2 protein antigens and antibodies. A quick fix to this dilemma is provided by plant biotechnology using transient/stable expression through the creation of inexpensive diagnostics, antiviral medications, immunotherapy, and vaccines. The production of plant-based biopharmaceuticals, transient/stable expression technology is now well-established at a commercial scale.
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Researchers used Cas9 gene scissors to establish new virus resistance in winter barley
They used the Cas9 gene scissors to switch off the PDIL5-1 gene in two susceptible barley varieties by targeted mutagenesis. Achieved success much faster and without any additional genetic changes in the barley varieties.
Top Companies Market Share in Plant Biotechnology Services Industry: (In no particular order of Rank)
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North America held the largest revenue share of the global market for plant biotechnology services. The existence of a significant number of research institutions and biotechnology firms engaged in research and development (R&D) activities pertaining to crops and plants are the major factors that lead to market expansion. Furthermore, the majority of the market shares in North America are controlled by American farmers, making it one of the greatest agricultural markets in the world.
The market for plant biotechnology services is expanding in Europe as a result of factors such as the region's advanced healthcare infrastructure, rising R&D and manufacturing expenditures, and the availability of a skilled labor force and modern technology.
The current report Scope analyzes Plant Biotechnology Services Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Plant Biotechnology Services Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Plant Biotechnology Services Industry growth. Plant Biotechnology Services market has been segmented with the help of its Type, End-User , and others. Plant Biotechnology Services market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The genomic services segment dominated the market of plant biotechnology services market with the largest share
Genomics services are those that generate or change plants using genetic engineering and sequencing techniques for a variety of uses. This may entail breeding plants with enhanced characteristics including disease resistance, improved yield, and greater nutritional value. Additionally, novel plant types can be developed, breeding procedures can be optimized, and gene sequences can be found and analyzed using genomic technologies. For instance, in January 2021, according to reports shared by the United States Department of Agriculture (USDA), a U.S.-based federal agency, in 2020, Canada planted over 109 million hectares of genetically modified crops, primarily canola, soybeans, corn, sugar beets, and some alfalfa. Growth in agriculture advancement and investment are the major factors for boosting segment growth.
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The research institutes segment contributed the largest share of the plant biotechnology services market
A strong pipeline and the presence of numerous R&D facilities engaged in identifying new applications for plant-based technology propel the growth research institute segment.
With the rising demand for advanced medications with superior therapeutic profiles over conventional medications, pharmaceutical companies are anticipating profitable expansion. Introducing new products and an ongoing product portfolio optimization program at major pharmaceutical firms is anticipated to boost industry expansion over the forecast period.
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I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
Nisha Deore is a highly skilled Research Analyst with over three years of experience specializing in the agriculture and food & beverage sectors. Her expertise encompasses secondary research, data mining, competitive analysis, and the development of detailed collateral and PR materials. Known for her meticulous approach, Nisha designs robust research methodologies and delivers actionable insights that support her organization’s commercial and financial objectives.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Plant Biotechnology Services Market is witnessing significant growth in the near future.
In 2023, the Genomics Services segment accounted for noticeable share of global Plant Biotechnology Services Market and is projected to experience significant growth in the near future.
The Research Institutes segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Thermo Fisher Scientific Inc. , GenScript Biotech Corporation and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
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Type | Genomics Services, Analytical Chemistry, Cellular Imaging, Forage Analysis, Transformation Services |
End-User | Research Institutes, Pharmaceuticals Companies, Biotechnology Companies |
List of Competitors | Thermo Fisher Scientific Inc., Agilent Technologies Inc., GenScript Biotech Corporation, Eurofins Scientific SE, Company 5, Company 6, Company 7, Company 8, Company 9, Company 10 |
This chapter will help you gain GLOBAL Market Analysis of Plant Biotechnology Services. Further deep in this chapter, you will be able to review Global Plant Biotechnology Services Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by End-User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Plant Biotechnology Services market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Genomics Services have a significant impact on Plant Biotechnology Services market? |
What are the key factors affecting the Genomics Services and Analytical Chemistry of Plant Biotechnology Services Market? |
What is the CAGR/Growth Rate of Research Institutes during the forecast period? |
By type, which segment accounted for largest share of the global Plant Biotechnology Services Market? |
Which region is expected to dominate the global Plant Biotechnology Services Market within the forecast period? |
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