USD 12.62 Billion
Plant Biotechnology Services Market Size, Share, Growth Analysis, By Type(Genomics Services, Proteomics Services, Metabolomics Services, Analytical Chemistry), By Application(Research Institutes, Pharmaceuticals Companies, Biotechnology Companies, Academic Institutes), By Crop Type(Cereals & Grains, Fruits & Vegetables, and Oilseeds & Pulses), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30A2018 |
Region:
Global |
Published Date: May, 2024
Pages:
199
|Tables:
97
|Figures:
65
Plant Biotechnology Services Market Insights
Global Plant Biotechnology Services Market size was valued at USD 12.62 Billion in 2022 and is poised to grow from USD 14.23 Billion in 2023 to USD 37.31 Billion by 2031, growing at a CAGR of 12.8% in the forecast period (2024-2031).
The global plant biotechnology services market is characterized by the dynamic factors that govern its growth. Key developments include increasing demand for sustainable agricultural practices, advances in biotechnology research, regulatory support for genetically modified crops, agricultural practices as it is precisely the better adoption of all these factors together for market expansion, as stakeholders look for innovative solutions to meet challenges such as climate change, food security and crop yield synergies featuring biotechnology between companies, agricultural organizations and research institutes enhances innovation and product development in the market.
Advances in biotechnology and increasing use of biotechnology technologies for biofuel production are expected to positively impact the industry. The importance of alternative biofuels is growing due to their advantages as a cheap and environmentally friendly resource. Technological challenges associated with biofuel production must also be addressed through the development of biotech solutions and equipment that are expected to drive demand in the long run.
North America represents an emerging regional global plant biotechnology services market. Well-designed infrastructure along with key players in this sector can help accelerate the market growth in this sector. The widespread adoption and application of biotechnology for various crops such as soybeans and corn and technological advances in molecular biology and genetic engineering have contributed to the growth of this country’s market and consumed by Europe first in terms of market value.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Genomics Services
Fastest Growth
Analytical Chemistry
Growth Rate
12.8% CAGR
Global Plant Biotechnology Services Market ($ Bn)
Country Share for North America Region (%)
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Plant Biotechnology Services Market Segmental Analysis
Based on type the market is segmented as genomics services, proteomics services, metabolomics services, analytical chemistry, cellular imaging, forage analysis, transformation services, virus elimination. Based on application the market is segmented into research institutes, pharmaceuticals companies, biotechnology companies, academic institutes, and the agriculture industry. Based on crop type the market is segmented into cereals & grains, fruits & vegetables, oilseeds & pulses. Based on Region the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Analysis by Type
Genomics services are the dominating segment in the market. Genomics services and plant biotechnology services refer to services that use genetic sequencing and genetic engineering techniques to create or adjust vegetation for various packages. This can consist of growing plant life with improved traits, consisting of disorder resistance, advanced yield, and improved nutritional content. Genomics offerings will also be used to discover and analyze gene sequences, develop new varieties of vegetation, and optimize breeding techniques.
Analytical chemistry is the fastest growing segment in the market. Analytical chemistry plant biotechnology services discuss the utility of chemical evaluation techniques to the observe of organic systems, including the characterization of biochemical, metabolic, and genetic processes. This form of carrier is utilized by studies institutes, pharmaceutical corporations, and biotechnology agencies to improve the performance of product improvement, in addition to advantage a better know of the biological homes of products.
Analysis by Application
Research institutions are the dominating segment in the market. Research institutions accounted for a substantial share of more than 70%. This large share can be attributed to the existence of a strong pipeline and the participation of several R&D centers in which new applications were identified plant-based technologies. Research institutes are at the forefront of plant biology research, introducing innovations and discovering new technologies, techniques and applications. They conduct basic and applied research in plant biotechnology, analyze key natural phenomena and develop practical solutions for the agricultural and pharmaceutical industries.
Pharmaceutical companies are the fastest growing segment in the market. Pharmaceutical companies are expected to witness profitable growth due to increasing demand for advanced drugs with better therapeutic properties than conventional ones. The ongoing process of product optimization with the introduction of new products in leading pharmaceutical companies is expected to boost industry expansion during the forecast period. Pharmaceutical companies use plant biotechnology for the discovery and development of drugs, especially to produce plant-derived pharmaceuticals (Phyto-drugs) and plant-derived metabolites.
Global Plant Biotechnology Services Market By Type (%)
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Plant Biotechnology Services Market Regional Insights
North America plays an important role in the growth and dominance of the global plant biotechnology services market. North America, with its strong biotechnology infrastructure, significant R&D investment and supportive regulatory environment, serves as a key hub for innovation and market expansion. The region’s advanced agricultural practices and industry partnerships have a strong presence in the global plant biotechnology services market further strengthens its leadership position.
On the other hand, Asia Pacific emerges as the fastest growing region within the global plant biotechnology services market, leveraging its expanding agricultural quarter, rising call for meals protection, and favorable regulatory policies. With growing investments in biotechnology studies, strategic collaborations, and adoption of advanced farming technology, Asia Pacific is poised to end up a main contributor to the growth and improvement of the global plant biotechnology services market.
Global Plant Biotechnology Services Market By Geography
- Largest
- Fastest
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Plant Biotechnology Services Market Dynamics
Drivers
Rising Population Growth and Demand for Food
- With increasing global population, changing food preferences and urbanization increasing demand for food production. Plant biotechnology industries offer innovative solutions to increase productivity, it improves nutrient availability and reduces the impact of environmental stressors on agriculture. Thus, the increasing importance of sustainable food production acts as a key driver for the growth of the global plant biotechnology services market.
Technology Development and Research Investment
- Advances in biotechnology research including gene editing technology, molecular breeding techniques and bioinformatics drive innovation in the global plant biotechnology services market. Research institutes, biotechnology companies and agricultural organizations invest heavily in R&D to develop biotechnological solutions new to improve crop quality, resilience and yield potential. These technological developments are driving market growth with solutions designed to meet the evolving challenges of agriculture.
Restraints
Legal Challenges and Public Opinion
- The regulatory framework for genetically modified organisms (GMOs) and biotech products varies from region to region, creating compliance challenges for market players and public concerns regarding safety and ethics explanations for GMOs are barriers to market acceptance. Strict regulations and negative public perceptions pose significant barriers to the commercialization and widespread adoption of plant biotechnology services, affecting potential market growth.
Ethical and Environmental Considerations
- Ethical considerations related to genetic modification and environmental sustainability pose challenges to the global plant biotechnology services market. Stakeholders must address concerns related to biodiversity conservation, ecological impact assessment and the long-term effects of biotechnological interventions on the ecosystem. Failure to address these ethical and environmental considerations may impede market acceptance and regulatory approval, thereby hindering plant ecology and the process of technical services.
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Plant Biotechnology Services Market Competitive Landscape
The market report lists the key players in the plant biotechnology services market under various chapters on competitive landscape and company profiles. Key players are evaluated based on their product and/or service offerings, financial profile, key developments, strategy in the market, position in the market, geographic penetration, and other key factors in the market look at Competition and threats to the top three or five players in the market are highlighted and moreover, a list of the companies involved in the market research can also be made according to the needs of the client. The competitive landscape section of the report includes details in the top five companies, key developments such as recent growth, partnerships, mergers and acquisitions, new product launches etc., company region steps, and the company's industry steps according to Market and Ace Matrix of performance.
Top Player’s Company Profiles
- Keygene N.V. (Netherlands)
- Heinz Walz GmbH (Germany)
- LemnaTec GmbH (Germany)
- Photon Systems Instruments
- spol. s.r.o (Czech Republic)
- Thermo Fisher Scientific Inc.
- Agilent Technologies
- GenScript Biotech Corporation
- Eurofins Scientific SE
Plant Biotechnology Services Key Market Trends
- Rising Convergence of Biotechnology: A prominent trend inside the plant biotechnology services marketplace is the convergence of biotechnology with digital agriculture, mainly to the improvement of integrated solutions for precision farming. Technologies which include faraway sensing, synthetic intelligence, and records analytics are being included with biotech gear to optimize farm management practices, beautify crop tracking, and enhance selection-making methods. This fashion underscores the importance of statistics-driven insights and generation integration in driving performance and sustainability across the rural fee chain.
Plant Biotechnology Services Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global plant biotechnology services market is witnessing strong growth driven by factors such as global population growth, which is driving increasing demand for food production, and the need for sedentary agricultural practices exist regularly to mitigate environmental problems. Biotechnology applications play an important role in meeting these needs through innovations such as genetically modified crops, precision farming techniques, advanced breeding technologies but the market is legally challenging, public concerns about GMOs, ethics overview Despite these limitations, high R&D investment, strategies, promising new opportunities in the market powered by emerging market entrant's exhibition. North America and Asia Pacific and regions key growth drivers for the market, with North America benefiting from its advanced biotechnology infrastructure and Asia Pacific benefiting from its expanding agricultural activity and supportive regulatory space.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 12.62 Billion |
| Market size value in 2031 | USD 37.31 Billion |
| Growth Rate | 12.8% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Plant Biotechnology Services Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Plant Biotechnology Services Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Plant Biotechnology Services Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Plant Biotechnology Services Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Plant Biotechnology Services Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Plant Biotechnology Services Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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