Global Agriculture Genomics Market Size By Application, By Technology, By Product Type, By Geographic Scope And Forecast

Agriculture Genomics Market Size And Forecast

Agriculture Genomics Market size was valued at USD 4.30 Billion in 2023 and is projected to reach USD 7.22 Billion by 2030, growing at a CAGR of 9.02% during the forecast period 2024-2030.

Global Agriculture Genomics Market Drivers

Numerous elements propel the Agriculture Genomics Market and support its expansion and advancement. Here are a few significant market drivers

• Adoption of Precision Agriculture The demand for genomics in agriculture is being driven by the growing use of precision agriculture techniques, which employ cutting-edge technologies to maximize crop productivity and resource efficiency. Decision-making related to precision farming is aided by genomic data.
• Crop Improvement Requirement Crop improvement initiatives heavily rely on agriculture genomics. Producing crop varieties with enhanced characteristics like increased yield, resistance to disease, and resilience to environmental stressors is made possible by the capacity to examine and comprehend the genetic composition of crops.
• Concerns about Food Security and Population Growth As the world’s population continues to rise, so does the demand for food. By increasing crop output, boosting nutritional value, and creating crops with improved pest and disease resistance, agriculture genomics helps to address concerns about food security.
• Developments in Genomic Technologies The efficiency and cost-effectiveness of genomics research in agriculture have greatly increased thanks to ongoing developments in genomic technologies, including as next-generation sequencing (NGS) and CRISPR-Cas9 gene editing. Crop breeding and trait development innovation is fueled by these technical advancements.
• Increasing Funding for Agricultural Genomics Research Research institutes, businesses in the private and public sectors, and government agencies are all contributing to this field of study. Initiatives for funding assist research focused on comprehending and using crop genetic diversity for sustainable agriculture.
• Growing Knowledge Among Farmers Farmers are becoming more and more aware of the advantages of applying genomics to agriculture. Farmers are realizing that genetic technologies can improve overall farm management methods, save input costs, and increase crop output.
• Climate Change Adaptation Crops that are resistant to climate change are developed with the help of agricultural genomics. Through comprehending the genetic underpinnings of characteristics linked to climate resilience, scientists can cultivate crops that are adaptable to shifting environmental circumstances.
• Creation of Genetically Modified (GM) Crops The development of GM crops with desired features, such insect resistance and herbicide tolerance, is made possible in large part by agricultural genomics. Genetically modified crops can increase agricultural output while lowering the demand for chemical inputs.
• Effective Disease and Pest Management Genes linked to disease and pest resistance can be identified using genomic data. By creating crops that are inherently resistant or tolerant, this knowledge can help lessen the need for chemical treatments.
• Partnerships and Collaborations The field of agriculture genomics is driven by partnerships and collaborations among agribusinesses, biotechnology corporations, and agricultural research institutions. These collaborations make it easier for genetic technologies to move from lab research to real-world uses in the field.
• Customer Demand for Sustainable Agriculture The use of genomics in crop breeding is driven by consumer demand for ecologically friendly and sustainably produced agricultural products. The production of crops with less of an impact on the environment is made possible by genome technologies.
• Regulatory Support Investment and research in the field of agro genomics are encouraged by regulatory frameworks and regulations that support their use. Market expansion is facilitated by policies that are clear about the production and sale of genetically modified crops.

Global Agriculture Genomics Market Restraints

The Agriculture Genomics Market appears to have potential, however there are obstacles and limitations that may limit its expansion. Here are a few significant market constraints

• High Cost of Genomic Technologies Next-generation sequencing (NGS) and gene editing tools are examples of advanced genomic technologies that can have significant upfront and ongoing expenses. The adoption of genomics technology may be hampered by this high expense, particularly for small and resource-constrained farms.
• Limited Infrastructure in Developing nations In certain developing nations, the widespread adoption of agriculture genomics may be hampered by a lack of suitable infrastructure, including laboratories and institutions outfitted with genomic technology. For successful deployment, access to cutting-edge genetic resources and knowledge is necessary.
• Ethical and Regulatory Issues The application of gene editing technology and genetically modified (GM) crops in agriculture presents ethical and regulatory issues. The acceptance and commercialization of genetically modified crops may be affected by public views, legal frameworks, and ethical issues.
• Complexity of Genomic Data Interpretation The enormous volume of genomic data produced by NGS technology necessitates the interpretation of complex bioinformatics tools and knowledge. For farmers and researchers without specialized experience, the intricacy of data analysis might be a hurdle.
• Opposition from conventional Agricultural Practices Those who follow conventional farming methods may be opposed to the use of genomics in agriculture. Farmers could be reluctant to adopt new technology that don’t follow traditional practices.
• Intellectual Property and Ownership Issues When it comes to genetically modified crops and proprietary genetic information, there may be questions about intellectual property rights and ownership of genomic data. To overcome these challenges, precise standards and regulations are required.
• Limited Adoption in Some Crop Varieties Although genomics has been widely used in major crops, its adoption in some small or regional crops may be restricted. The availability of genomics technologies for a wide range of crop types may be impacted by research priorities and scale-related economics.
• Public Perception and Consumer Acceptance These two factors have the potential to affect market dynamics when it comes to genetically modified crops. Unfavorable opinions could cause market backlash and hinder the commercialization of genetically modified crops derived from DNA.
• Data Security and Privacy Issues Data security and privacy issues are brought up by the sharing and storing of genetic data. Maintaining the privacy of genetic data is essential to avoiding abuse and illegal access.
• Regulatory Approval Procedure Genetically modified crops may need to go through a drawn-out and complicated regulatory approval procedure. The commercialization of crops generated through the use of genomics technologies may be delayed by stringent regulatory restrictions.
• Environmental and Ecological Impacts Market acceptance and regulatory approvals for genetically modified crops may be impacted by worries about unintended environmental effects, such as gene flow and effects on creatures other than the intended targets.
• Knowledge and Skill Gaps Farmers and researchers cannot use genomics technologies effectively unless they possess the necessary knowledge and skills. Programs for teaching and training are necessary to close knowledge gaps and guarantee that genomics is successfully incorporated into agriculture.

Global Agriculture Genomics Market Segmentation Analysis

The Global Agriculture Genomics Market is Segmented on the basis of Application, Technology, Product Type, and Geography.

Agriculture Genomics Market, By Application

• Crop Improvement Genomics is applied to enhance crop traits, including yield, resistance to diseases and pests, and tolerance to environmental stresses.
• Livestock Improvement Genomics is used for selective breeding and genetic improvement in livestock, aiming to enhance traits such as disease resistance, milk production, and meat quality.

Agriculture Genomics Market, By Technology

• Next-Generation Sequencing (NGS) NGS technologies are utilized for high-throughput sequencing of DNA, enabling comprehensive genomic analysis.
• CRISPR-Cas9 and Other Gene Editing Technologies Gene editing tools, including CRISPR-Cas9, are used for targeted modification of specific genes in crops and livestock.

Agriculture Genomics Market, By Product Type

• Sequencers and Analyzers Instruments and platforms used for DNA sequencing and genomic analysis.
• Bioinformatics Solutions Software and tools for processing, analyzing, and interpreting genomic data.

Agriculture Genomics Market, By Geography

• North America Market conditions and demand in the United States, Canada, and Mexico.
• Europe Analysis of the Agriculture Genomics Market in European countries.
• Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
• Middle East and Africa Examining market dynamics in the Middle East and African regions.
• Latin America Covering market trends and developments in countries across Latin America.

Key Players

The major players in the Agriculture Genomics Market are

• Thermo Fisher Scientific
• Illumina
• Agilent Technologies
• Eurofins Scientific
• LGC Limited
• Syngenta
• Bayer
• BASF
• Corteva Agriscience
• Calyxt
• Pairwise Plants
• Benson Hill Biosystems
• Inari Agriculture

Report Scope

Top Trending Reports

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

Customization of the Report

• In case of any  please connect with our sales team, who will ensure that your requirements are met.