Genetic Engineering Plant GenomicsMarket Overview 2025–2034: CAGR Trends, Long-Term Growth Paths, and Business Implications
Discover trends, market shifts, and competitive outlooks for the genetic engineering plant genomics industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
What is the Projected CAGR for the Genetic Engineering Plant Genomics Market Size from 2025 to 2034?
The market size of plant genomics in genetic engineering has seen fast-paced growth in the past years. The value is set to increase from $40.08 billion in 2024 to $46.41 billion in 2025, reflecting a compound annual growth rate (CAGR) of 15.8%. Factors such as government funding, advances in technology, the demand for agriculture that’s sustainable, growing population, and public understanding and endorsement have played a significant role in the expansion witnessed during the past period.
The market size of plant genomics in genetic engineering is anticipated to experience swift expansion in the coming years, soaring to $82.59 billion by 2029 at a compound annual growth rate (CAGR) of 15.5%. Factors contributing to the growth during this forecast period include regulatory transparency, proliferation into emerging markets, individual customization and adaptation to climate change, and integration with digital technologies. Key trends to lookout for in this phase include heightened use of CRISPR-Cas9 technology, advancement in precision agriculture practices, increasing demand for biofortified crops and widening application of gene editing beyond just crops.
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How Are Key Drivers in the Industry Acting as Catalysts for the Growth of the Genetic Engineering Plant Genomics Market?
The increasing worries about food security are anticipated to drive the expansion of the genetic engineering plant genomics industry. Food security is characterized as a situation where everyone has consistent access to a sufficient quantity of safe and nutritious food that allows them to lead a healthy and energetic life. The growing anxiety about food security is caused by factors like environmental changes, financial instability, and the escalating global population, which risk the availability and obtainability of food. Genetic engineering in plant genomics improves food security by generating crops that are more resistant to pests, diseases, and environmental strains, thus boosting agricultural productivity and stability of the food supply. As an example, in October 2023, as per the US Department of Agriculture (USDA), a US federal agency responsible for forestry, farming, food, and rural economic advancement, 87.2% (115.8 million) of US homes achieved food security, representing a significant fall from the 89.8% (118.5 million) reported in 2021. Furthermore, 7.7% (10.2 million) of US households had low food security in 2022. As such, the escalating worries about food security are projected to boost the expansion of the genetic engineering plant genomics market.
Which Primary Segments of the Genetic Engineering Plant Genomics Market Are Driving Growth and Industry Transformations?
The genetic engineering plant genomics market covered in this report is segmented –
1) By Type: Molecular Engineering, Genetic Engineering And Genome Editing, Other Types
2) By Trait: Yield Improvement, Disease Resistance, Herbicide Tolerance And Insect Resistance, Abiotic Stress Tolerance
3) By Application: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables, Sugar Crops, Ornamentals, Alfalfa
Subsegments:
1) By Molecular Engineering: Gene Synthesis And Cloning, Protein Engineering, Enzyme Engineering, Marker-Assisted Selection
2) By Genetic Engineering And Genome Editing: CRISPR/Cas9 Technology, TALENs (Transcription Activator-Like Effector Nucleases), ZFNs (Zinc Finger Nucleases), RNA Interference (RNAi), Agrobacterium-mediated Transformation
3) By Other Types: Synthetic Biology In Plant Genomics, Epigenetic Engineering, Horizontal Gene Transfer
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What Are the Fastest-Growing Geographies in the Genetic Engineering Plant Genomics Market?
Asia-Pacific was the largest region in the genetic engineering plant genomics market in 2023. The regions covered in the genetic engineering plant genomics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which Technological Trends Are Reshaping the Genetic Engineering Plant Genomics Industry Dynamics?
The leading companies in the plant genomics market related to genetic engineering are concentrating on technological enhancements like automated molecular breeding genotyping solutions, contributing to increased accuracy and efficacy in crop breeding activities. This system uses computerized technologies and software to process large quantities of plant samples efficiently and correctly, thereby optimizing genetic analysis for breeding schemes. For example, in June 2024, MGI Tech, a biotech firm based in China, introduced an end-to-end solution for large-scale low-pass whole genome sequencing in agriculture. This innovative solution includes an automated full-process product range that caters to large-scale molecular breeding and genotyping of agricultural diploid species. The MGI-enhanced low-pass WGS solution breaks past the traditional library preparation constraints by achieving ultra-high throughput using minimal tools. It promotes quick and economical large-scale library preparation and backs high throughput with the DNBSEQ-T7 sequencer as well as medium throughput with the DNBSEQ-G400 benchtop sequencer, making it perfect for agricultural genomics research.
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What Parameters Are Used to Define the Genetic Engineering Plant Genomics Market?
Genetic engineering in plant involves modifying the genetic material of plants to introduce or alter specific traits, while plant genomics is the study of the entire genetic makeup of plants, including their genes and DNA sequences, to understand their functions and interactions. It enhances crop characteristics, improves agricultural productivity, and promotes sustainable farming practices.
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