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

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.