Global Plant Biotechnology Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Crop Protection & Nutrition Solution Products, Biotech Seed & Traits, and Synthetic Biology Enabled Products), By Technology (Genetic Engineering, RF Technology, Wi-Fi Technology, Imaging Technology, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033

Global Plant Biotechnology Market Size Forecasts to 2033

• The Global Plant Biotechnology Market Size was estimated at USD 65.58 Billion in 2023
• The Global Plant Biotechnology Market Size is Expected to Grow at a CAGR of around 8.16% from 2023 to 2033
• The Worldwide Plant Biotechnology Market Size is Expected to Reach USD 143.70 Billion by 2033
• Asia Pacific is expected to grow the fastest during the forecast period.

The Global Plant Biotechnology Market Size is Expected to cross USD 143.70 Billion by 2033, Growing at a CAGR of 8.16% from 2023 to 2033. Trends including gene editing technologies, precision agriculture, sustainable agricultural solutions, biopesticides, and biofertilizers are propelling the plant biotechnology market. Consumer desire for eco-friendly products, government backing, and rising R&D expenditures all drive the plant biotechnology market.   

Market Overview

The global sector devoted to creating and implementing biotechnology methods to improve plant production, sustainability, and resilience to environmental stresses is known as the "plant biotechnology market." Advances in agriculture, food security, and environmental conservation are fueled by genetically modified (GM) crops, molecular breeding, biofertilizers, and biopesticides. Government regulations, R&D expenditures, and the growing need for sustainable agricultural solutions are important participants driving the plant biotechnology market expansion.

The development of biopesticides, sustainable agriculture, crop yield optimization, and genetic breakthroughs is among the opportunities offered by the plant biotechnology market. The market is expanding due to rising government assistance, R&D expenditures, and consumer demand for environmentally friendly products, which guarantees agricultural productivity and global food security. The growing significance of sustainable food production is a major factor propelling the global plant biotechnology market. 

The plant biotechnology market is fueled by the persistent agricultural practices of both developed and emerging nations. The need for food production is rising due to urbanization, shifting dietary choices, and the growing world population. Growing demand for high-value crops, an increase in the pace of seed replacement, and the use of plant growth regulators to counteract climate change.     

Report Coverage

This research report categorizes the plant biotechnology market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the plant biotechnology market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the plant biotechnology market.    

Driving Factors

The growing need for food grains and the biggest population are the main factors driving the plant biotechnology market.  The development of biotech equipment and solutions that are anticipated to increase demand is another way to overcome the technological issues related to the production of biofuel. The worldwide plant biotechnology market is driven by innovation in biotechnology research, including gene editing technologies, molecular breeding methods, and bioinformatics.

The market for plant biotechnology is expected to rise as a result of the sustainable development goals, including accessible, inexpensive, and clean energy, healthcare, and a sufficient supply of food. The potential of plant biotechnology to promote quicker crop and plant development is a major reason fueling the growth in the plant biotechnology market.    

Restraining Factors

The market for plant biotechnology is restricted by a number of factors, including intellectual property problems, public apprehensions about genetically modified crops, regulatory obstacles, and costly research expenses. Market development is also hindered by the unpredictable environment and the sluggish acceptance of new technology.  

Market Segmentation

The plant biotechnology market share is classified into product type and technology.     

• The biotech seed & traits segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.  

Based on the product type, the plant biotechnology market is divided into crop protection & nutrition solution products, biotech seed & traits, and synthetic biology enabled products. Among these, the biotech seed & traits segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The foundation of contemporary plant biotechnology is biotech seeds and traits, also referred to as genetically modified (GM) or genetically engineered (GE) seeds. To incorporate certain features that improve agricultural output, resistance to pests and diseases, tolerance to herbicides, and resilience against environmental stress, these seeds were created using sophisticated genetic engineering techniques.  

• The genetic engineering segment is anticipated to witness the fastest CAGR growth during the forecast period.

Based on the technology, the plant biotechnology market is divided into genetic engineering, RF technology, Wi-Fi technology, imaging technology, and others. Among these, the genetic engineering segment is anticipated to witness the fastest CAGR growth during the forecast period. Genetic engineering reduces the demand for fertilizers, fungicides, and pesticides while increasing crop resilience to environmental challenges. To include beneficial agronomic qualities from similar or unrelated species, certain genetic alterations might be introduced.   

Regional Segment Analysis of the Plant Biotechnology Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the plant biotechnology market over the predicted timeframe.

North America is anticipated to hold the largest share of the plant biotechnology market over the predicted timeframe. North America is a major contributor to the expansion and commercial domination of plant biotechnology worldwide. The region's dominant position in the global plant biotechnology market is further reinforced by its sophisticated farming methods and industrial alliances. North America is a major center for innovation and commercial development due to its robust biotechnology infrastructure, substantial R&D investment, and encouraging regulatory environment. The region's dominant position in the global plant biotechnology market is further reinforced by its sophisticated farming methods and industrial alliances.

Asia Pacific is expected to grow at the fastest CAGR growth of the plant biotechnology market during the forecast period. Global agriculture is concentrated in the Asia Pacific area, which includes nations like China, India, Japan, Australia, and New Zealand. The area, which is home to a sizable share of the global population, faces the urgent problem of maintaining food security in the face of declining arable land and shifting climate patterns. With novel approaches to plant culture, biological crop protection, and the creation of biotech seeds with increased resistance to environmental pressures, biotechnology has emerged as a crucial weapon in the battle against these issues.    

Europe is predicted to hold a significant share of the global plant biotechnology throughout the estimated period. Europe, due to its robust government backing, sustainable agricultural programs, and research infrastructure. Growth is fueled by developments in precision agriculture, biopesticides, and genetically modified (GM) crops. The region draws investments by focusing on food security and environmentally beneficial alternatives. Innovation-driven nations like Germany, France, and the Netherlands guarantee that Europe continues to be a major force in plant biotechnology for the duration of the projection period.    

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the plant biotechnology market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.  

List of Key Companies

• UPL
• BASF SE
• Syngenta AG
• IPL Biologicals
• Bayer AG
• FMC Corporation
• Profarm
• Rovensa Next
• Limagrain
• Certis USA LLC.
• DLF Seeds A/S
• Nufarm
• Sumitomo Chemical Co. Ltd.
• Lallemand Inc.
• Others  

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development

• In September 2024, FMC Corporation expanded its biologicals platform in Brazil through a partnership with Ballagro Agro Tecnologia Ltd., a pioneer in fungi-based biosolutions. As per the deal, FMC Brazil would license and market important biosolutions from Ballagro, fusing Ballagro's expertise in fungi-based technologies with FMC's knowledge of microbial solutions.
• In January 2023, Sumitomo Chemical Co., Ltd. announced its acquisition of FBSciences Holdings, a leader in discovering and commercializing naturally derived plant, soil, and climate health solutions. Sumitomo Chemical Co., Ltd. can provide a diverse range of integrated rational solutions, including biostimulants, biopesticides, plant growth regulators, and crop nutrition solutions through this acquisition. 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the plant biotechnology market based on the below-mentioned segments: 

Global Plant Biotechnology Market, By Product Type  

• Crop Protection & Nutrition Solution Products
• Biotech Seed & Traits
• Synthetic Biology Enabled Products

Global Plant Biotechnology Market, By Technology  

• Genetic Engineering
• RF Technology
• Wi-Fi Technology
• Imaging Technology
• Others  

Global Plant Biotechnology Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa