Posted 4/6/2024, 2:00:00 PM
Plant Biotech Market to Reach $277 Billion by 2032, Driven by Food Supply Needs and Genetic Crop Improvements
- Plant Biotechnology Market valued at $105.1 Billion in 2023, expected to reach $276.9 Billion by 2032 with 11.4% CAGR
- Driven by demand for faster, higher-quality crop growth and addressing food supply challenges
- Key applications are genetic modification for disease resistance and yield improvement
- North America holds major market share, dominated by United States
- Key players include Indigo Agriculture, AgroSustain, NewLeaf Symbiotics, Symborg, Locus AG, Plant Sciences Inc.