Tools like CRISPR-Cas9 have revolutionized plant breeding by enabling precise genetic modifications, resulting in crops with improved nutrition, pest resistance, and stress tolerance. The plant breeding industry is segmented based on type, trait, distribution channel, and region.

The Global Plant Breeding Market reached USD 14.8 billion in 2023 and will grow at a 12.8% CAGR from 2024 to 2032, fueled by increasing demand for high-yielding, disease-resistant crops. As population growth and climate change affect agricultural productivity, advanced breeding techniques are crucial. The industry combines traditional methods with modern biotechnologies like genetic engineering and genome editing to enhance crop traits and ensure food security. Tools like CRISPR-Cas9 have revolutionized plant breeding by enabling precise genetic modifications, resulting in crops with improved nutrition, pest resistance, and stress tolerance.

The plant breeding industry is segmented based on type, trait, distribution channel, and region.

Traditional breeding accounted for USD 9.35 billion in 2023 and will demonstrate a 13.1% CAGR from 2024 to 2032. Despite advancements in biotechnology, traditional methods like selective breeding and crossbreeding continue to play a key role in the market due to their proven reliability and widespread acceptance. These techniques are especially important in regions with strict regulations against genetically modified organisms (GMOs) and a strong focus on organic farming. The rising consumer demand for non-GMO and organic products has further driven the ongoing use of traditional breeding methods.

The yield improvement segment was valued at USD 4.44 billion in 2023 and will record a 14% CAGR through 2032. As the global population will exceed 10 billion by 2050, the need for high-yielding crops becomes essential for ensuring food security. Breeding for yield improvement enhances agricultural productivity by maximizing the output of farmland. The development of herbicide-tolerant crops allows farmers to use herbicides to manage weeds without damaging their crops, a feature in high demand due to its potential to reduce crop losses and lower labor costs associated with weed control.

North America plant breeding market will secure a 13.4% CAGR throughout 2032, owing to cutting-edge technological advancements and significant government support for sustainable agriculture. The region leads globally in agricultural biotechnology, with major investments in research and development (R&D) focused on improving crop yields and resilience. The widespread adoption of modern breeding techniques like genetic engineering and genome editing has further strengthened North America's market position. A key contributor to this growth is the region's emphasis on creating innovative, high-performing crop varieties.

Source https://www.gminsights.com/industry-analysis/plant-breeding-market