Plant Biotechnology Market 2025 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2035

The plant biotechnology market is a quickly developing sector that focuses on using biotechnological methods to enhance agricultural productivity, improving food security, and promoting sustainable farming practices.

MARKET OVERVIEW

The plant biotechnology market is valued at approximately USD 47.88 billion in 2024 and is projected to reach USD 113.93 billion by 2034 exhibiting a compound annual growth rate (CAGR) of 8.2% during the forecast period of 2025-2035. This field encompasses various technologies, such as tissue culture, genetic engineering, and molecular markers, to improve crop output, disease and insect resistance, and nutritional quality.

GROWTH DRIVERS

The increasing need for food security due to a rapidly growing global population is driving growth in the plant biotechnology market. According to the United Nations, the world's population is expected to expand over the next 50 to 60 years, reaching about 10.3 billion by the middle of 2080. As the world population is projected to increase, there is a growing demand for agricultural productivity. Plant biotechnology facilitates food security by providing advanced solutions such as genetically modified (GM) crops that can yield more produce per acre while enduring harsh environmental conditions.

The impact of climate change on traditional agricultural practices is significant, making it crucial to develop crops that are capable of thriving in changing environments. Plant biotechnology is an effective alternative to produce climate-resilient crops that require low water and other chemical inputs. For instance, the development of drought-resistant maize varieties through genetic engineering techniques allows farmers in arid regions to continue harvesting despite limited water availability. This promotes sustainable farming practices in addition to securing food supplies.

MARKET SEGMENTATION:

By Product Type -

·         Crop Protection & Nutrition Solution Products

o   Biopesticides

o   Biofertilizers

o   Plant Growth Regulators

·         Biotech Seeds & Traits

o   Insect Resistance

o   Herbicide Tolerance

o   Stacked

·         Synthetic Biology-Enabled Products

By Technology -

·         Genetic Engineering

·         Marker-Assisted Breeding

·         Genome Editing

·         Tissue Culture

·         Synthetic Biology

·         Other Technologies

By Crop Type –

·         Cereals & Grains

o   Wheat

o   Corn

o   Rice

o   Sorghum

o   Barley

o   Other Cereals & Grains

·         Oilseeds & Pulses

o   Soybean

o   Canola

o   Cotton

o   Other Oilseeds & Pulses

·         Fruits & Vegetables

o   Pome Fruits

o   Citrus Fruits

o   Root & Tuber Vegetables

o   Leafy Vegetables

o   Other Fruits & Vegetables

·         Other Crop Types (Medicinal Crops, etc.)

By Distribution Channel –

·         Direct Sales

·         Distributors

·         Online Platforms

·         Retail Outlets

By End User –

·         Seed Companies

·         Agricultural Input Suppliers

·         Food & Beverage Industry

·         Biofuel & Biochemical Companies

·         Pharmaceutical & Biopharma Companies

·         Government & Research Institutes

By Region -

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East & Africa

Plant Biotechnology Market By Product Type Segment Review:

In 2025, biotech seeds & traits segment is anticipated to hold the largest share of the market due to its potential to increase crop yields, reduce losses from pests and diseases, and decrease the need for chemical inputs.

Plant Biotechnology Market By Technology Segment Review:

Genetic engineering involves directly manipulating an organism's DNA to attain desired traits. This technology enables plants to exhibit characteristics such as pest resistance, herbicide tolerance, and improved nutritional profiles by introducing new genes. The demand for genetic engineering is growing as high-yield crops and sustainable agricultural practices become more popular.

Plant Biotechnology Market By Crop Type Segment Review:

In 2025, cereals & grains segment is anticipated to hold the largest share of the market due to their widespread use and economic importance. The demand for genetically modified (GM) varieties of these crops is growing due to the increasing demand for higher yields, pest resistance, and resilience to environmental stresses such as drought and flooding.

Plant Biotechnology Market By Distribution Channel Segment Review:

Direct sales channel allows companies to establish a direct relationship with their customers, which frequently results in improved customer feedback and service. Direct communication with consumers provides insightful information about trends and preferences to manufacturers, allowing them to tailor their offerings more effectively.

Plant Biotechnology Market By End User Segment Review:

The seed companies are expected to dominate the plant biotechnology market. They employ biotechnological techniques to create genetically modified (GM) seeds with desired characteristics like insect and herbicide resistance and enhanced nutritional value.

Plant Biotechnology Market By Region Segment Review:

The plant biotechnology market exhibits significant regional variations, with North America leading the market in 2024 due to the region's strong investment in agricultural research and development

Regional Synopsis:

The North America is anticipated to dominate the plant biotechnology globally due to advancements in genetic engineering technologies, a shift towards sustainable agricultural practices, supportive regulatory frameworks, and increasing public acceptance of biotechnology.

The Europe is another crucial market, driven primarily by their increasing focus on developing innovative biotechnological solutions while navigating complex regulations.

The market in Asia Pacific is expected to grow rapidly due to their technological innovations, increasing government support, and rising food security needs.

In Latin America, the market is poised for steady growth driven by high adoption rates of GM crops, favourable regulatory environments, sustainability initiatives promoting eco-friendly practices, and economic benefits associated with enhanced productivity.

The market in the Middle East and Africa region is growing due to increasing food security concerns, technological advancements, government initiatives supporting R&D, and rising demand for sustainable practices.

Key Challenges:

The financial burden associated with research and development in plant biotechnology is one of the most significant challenges in the plant biotechnology. The development of new biotech crops necessitates a significant investment in technology, testing, and compliance with regulatory standards. It frequently becomes challenging for smaller companies to compete with larger firms that have more resources, potentially stifling innovation within the industry.

Competitive Landscape:

The global market for plant biotechnology is characterized by a diverse range of large multinational corporations, specialized biotech firms, and emerging startups, each striving to enhance their market presence through various strategies such as collaborative partnerships, significant R&D investments, adoption of advanced technologies, regulatory compliance efforts, market diversification, sustainability initiatives, and focusing emerging markets.

Constant R&D investment is essential to maintain a competitive edge in the biotechnology sector. Companies are increasingly focusing on providing cutting-edge solutions that address critical challenges such as climate change, pest resistance, and crop yield improvement. This involves developing genetic engineering techniques that enable the production of genetically modified organisms (GMOs) with improved nutritional profiles or the ability to endure harsh environmental conditions.

Key Players:

·         BASF SE

·         Bayer AG

·         Corteva Agroscience

·         Syngenta AG

·         FMC Corporation

·         UPL

·         Sumitomo Chemical Co. Ltd.

·         Nufarm

·         Pro Farm Group

·         Indigo Agriculture

·         Other Key & Niche Players