Drought Resistant Crops Market - By Crop type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), By Trait (Herbicide Tolerance, Insect Resistance, Disease Resistance, Abiotic Stress Tolerance), By Technology & Forecast, 2024-2032

Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Agriculture | Format: Report available in PDF / Excel Format

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Drought Resistant Crops Market - By Crop type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), By Trait (Herbicide Tolerance, Insect Resistance, Disease Resistance, Abiotic Stress Tolerance), By Technology & Forecast, 2024-2032

Drought Resistant Crops Market Size

Drought Resistant Crops Market size achieved USD 118.1 million in 2023 and will grow at 6.9% CAGR from 2024 to 2032. The drought-resistant crop market centers on developing and growing crops that are either genetically engineered or selectively bred to endure extended dry spells. These crops, such as drought-tolerant maize, wheat, and rice, are crafted to uphold their yield and productivity even in arid conditions.

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The market's growth is propelled by escalating climate change repercussions, global water scarcities, and the imperative for sustainable farming practices. According to the United Nations, approximately 40% of the world's population is affected by water scarcity, highlighting the urgent need for drought-resistant crops. It incorporates a range of technologies, from genetic modification to conventional breeding and gene editing. Geographically, it spans across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, with a primary focus on bolstering food security and promoting agricultural sustainability.

Drought Resistant Crops Market Report Attributes
Report Attribute Details
Base Year 2023
Drought Resistant Crops Market Size in 2023 USD 118.1 Million
Forecast Period 2024 - 2032
Forecast Period 2024 - 2032 CAGR 6.9%
2032 Value Projection USD 215.7 Million
Historical Data for 2021 - 2023
No. of Pages 200
Tables, Charts & Figures 172
Segments covered By Crop type, By Trait, By Technology
Growth Drivers
  • Climate change and increased drought frequency
  • Technological advancements
  • Rising global food demand
Pitfalls & Challenges
  • Regulatory hurdles and public perception
  • Limited awareness and adoption in developing regions

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Climate change is making droughts more common, and that's having a big impact on farmers. They're having to figure out how to grow crops that can handle less water, and that's where drought-resistant crops come in. Over the past 20 years, droughts in the United States have become about 30% more frequent, according to the National Oceanic and Atmospheric Administration (NOAA). That's a big deal! At the same time, scientists are making big strides in developing new drought-resistant crops. They're using things like genetic modification, gene editing (CRISPR/Cas9), and traditional breeding methods to create crops that can handle dry conditions better. These new crops are not only more resistant to drought, but they also produce more food and are better for the environment. As more farmers adopt these new crops, the market for drought-resistant crops is expected to grow even faster.

The drought-resistant crop market faces several challenges, including regulatory hurdles and public skepticism about genetically modified organisms (GMOs), which can delay market entry and acceptance. High development costs for research, biotechnology, and breeding programs pose financial barriers, especially for smaller companies. Additionally, limited awareness and adoption in developing regions hinder market expansion, as smallholder farmers often lack the resources and knowledge to implement these advanced agricultural practices. These factors collectively impact the growth and widespread acceptance of drought-resistant crops despite their potential benefits for food security and sustainability.

Drought Resistant Crops Market Trends

Drought is becoming more common as the climate changes and water gets scarcer. Farmers are turning to drought-resistant crops to help them weather these tough conditions. Around 40% of the US is currently experiencing some level of drought, according to the USDA, making this a pressing issue. To address this challenge, there has been a surge in investment in genetic engineering and gene editing technologies to create crops that can withstand harsher conditions. Farmers are also adopting more sustainable farming practices, thanks to support from government policies like the USDA's $1 billion investment in climate-smart agriculture. In developing countries, drought-resistant crops are becoming increasingly important for ensuring food security. These crops, combined with advances in precision agriculture and digital tools, are not only improving efficiency but also boosting yields. All these trends are part of a larger shift towards farming practices that are more sustainable and adaptable, helping farmers meet the challenges of a changing environment.

Drought Resistant Crops Market Analysis

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Imagine a world where even when the skies are dry, we can still enjoy our favorite cereals and grains. That's exactly what's happening in the food industry, where this sector is booming with new research and innovations. By 2032, these cereals and grains will be a multi-billion dollar industry, growing at an impressive rate of 6.8% each year. Why? Because they're not just yummy, they're also our best bet for feeding a growing population in a changing climate. When water is scarce, crops like corn, wheat, and rice can suffer. But scientists are working to develop varieties that can withstand drought. They're using fancy genetic tricks to create crops that can keep on giving, even when it's dry. This is super important because these crops are a huge part of our food supply. They're in our cereals, our pasta, and our bread. Plus, they play a key role in keeping our economy going. So, the focus on cereals and grains is not just about food, it's about sustainability and making sure we can keep farming even when the weather gets tough.

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Imagine being a farmer facing the double whammy of drought and weeds. It's like a never-ending battle. But there's a solution on the horizonherbicide tolerance, a game-changer in drought-resistant crops. Over the next eight years, this market is set to grow to a whopping $81.9 million, with a steady 6.6% growth rate. Why the hype? Herbicide tolerance gives crops the superpowers to stand up to these pesky weeds, who love nothing more than to steal precious water and stunt growth. With this trait, farmers can blast away the weeds with herbicides, giving their crops the space and water they need to thrive. It's like setting up a barrier around your plants, protecting them from the enemy. And the best part? Crops stay strong even in drought conditions, resulting in bumper harvests and a greener, healthier planet. As we move towards a future of climate challenges, herbicide tolerance is the key to unlocking more resilient crops that can withstand nature's tantrums. It's a win-win for farmers, consumers, and our planet.

Hey! Check this out. The market for stuff that makes plants better at dealing with dry spells, called genetic modification (GM), is set to grow big-time. It's expected to reach a whopping $92.7 million and jump by 6.6% every year from 2024 to 2032. Why is GM so important for plants that need to stay hydrated? Because it helps scientists create crops that can take the heat and keep growing even when there isn't much water around. They do this by adding genes that make the plants use water better, handle stress like a boss, and develop deep and mighty roots that reach far and wide for moisture. GM also helps crops get the most out of what little nutrients they have and keep thriving even in tough times. By carefully changing the plants' genes, scientists can make them super-efficient and produce more food, even in places where it's hard to grow things. This fancy GM technology is a game-changer for farming because it makes agriculture more sustainable, helps feed more people, and makes it easier to deal with the challenges of climate change. So, yeah, GM is a pretty big deal when it comes to growing crops that can handle dry spells with style.

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Imagine a vast farmland, stretching across North America. In the face of unpredictable weather and dwindling water sources, farmers are turning to a solution that can withstand these challengesdrought-resistant crops. Over the next decade, the market for these crops is expected to surge by a whopping 6.7% each year, thanks to a growing awareness of climate change and water shortages. Farmers are embracing innovative farming techniques and investing heavily in research to create crops that can thrive even during dry spells. Companies in the region are leading the way by developing genetically engineered and hybrid crops that can withstand drought like champs. Governments are also pitching in with policies and financial support to encourage sustainable farming. With a foundation of advanced technology and expertise in precision agriculture, the North American market is well-equipped to flourish. As farmers strive to protect their harvests from the whims of nature, drought-resistant crops are becoming their go-to weapon. This not only safeguards the region's food supply but also ensures the sustainability of its agricultural sector for years to come.

Drought Resistant Crops Market Share

Bayer CropScience LLC, Syngenta AG, Monsanto Company, BASF SE, and Nuseed Pty Ltd. are employing advanced strategies in the drought-resistant crop market. These include significant investments in research and development to create genetically modified and hybrid crops with enhanced drought tolerance. They focus on leveraging cutting-edge technologies such as CRISPR and gene editing to improve crop resilience and yield under water-scarce conditions. Strategic partnerships and collaborations with research institutions are also common, alongside efforts to integrate precision agriculture technologies. Additionally, these companies engage in regional market assessments to tailor their solutions to specific environmental challenges and agricultural needs.

Drought Resistant Crops Market Companies

Top companies operating in the drought resistant crops industry include

  • Bayer CropScience LLC
  • Syngenta AG
  • Monsanto Company
  • BASF SE
  • Nuseed Pty Ltd.
  • Maharashtra Hybrid Seed Company (MAHYCO)
  • Stine Seed Farm Inc.
  • Cyanamid Agro Ltd.
  • Calyxt Inc.
  • Monsanto Company

Drought Resistant Crops Industry News

  • In October 2023, BioAtlantis joined a USD 5.32 million project focused on developing drought-resistant crops. The Irish biotech company, BioAtlantis, has officially announced its participation in an international research initiative aimed at enhancing the resilience of cereal crops to climate challenges.
     

The drought resistant crops market research report includes in-depth coverage of the industry, with estimates and forecasts in terms of revenue and volume (USD Million) (Tons) from 2024 to 2032, for the following segments

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Market, By Crop type

 

  • Cereals & Grains
  • Oilseeds & Pulses
  • Fruits & Vegetables
  • Other Crops

Market, By Trait

  • Herbicide Tolerance
  • Insect Resistance
  • Disease Resistance
  • Abiotic Stress Tolerance

Market, By Technology

  • Genetic Modification (GM)
  • Conventional Breeding
  • Gene Editing
  • Hybridization

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA

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