Plant breeding is a process of developing new plant varieties and improve the genetic potential of plants that go by various names including cultivar development, crop development, and seed improvement. Breeding involves the creation of a combination of parental plants to obtain the next generation with various traits. The selection process in breeding is driven by biological assessment in the relevant target environment and knowledge of genes and genomics. This study is followed to grow plants that are more useful to human, which is accompanied by a selection of plants which are found to be economically or aesthetically required.This growth is primarily driven by Need for Production of Crops to Meet Ever-Increasing Demand for Food Across the World and Demand for Improved Yield, Disease Resistance and Quality Rich Crops.
Globally, a noticeable market trend is evident The Emergence of Hybrid Seed Technology in Plant Breeding. Major Players, such as Bayer AG (Germany), BASF SE (Germany), Advanta Seeds (UAE), NRGene (Israel), Syngenta AG (Switzerland), Bioconsortia Inc. (United States), Evogene Ltd.(Compugen) (Israel), Hudson River Biotechnology (Netherlands), KWS Saat Se & co. KGaA (Germany), Eurofins (Luxembourg), Equinom (Israel) and SGS SA (Switzerland) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 29th October 2019, BASF and NRGene announced the research collaboration which includes the adoption of NRGene's cloud-based artificial intelligence (AI) technology into BASF soybean research projects. Genomic technology provides a more comprehensive evaluation to accelerate trait discovery and breeding across diverse crops. This collaboration will help explore the power of digitalization to improve and accelerate agricultural research and aligns with the BASF's soybean crop system strategy. BASF and NRGene are focusing on developing and delivering technologies to support farmers to grow better yield, protect their crops.
"According to a 2011 study by the European Commission's Joint Research Centre (JRC), Europe's plant breeding industry and researchers have been very active in the field of new plant-breeding techniques, and have carried out almost 50 % of the research done globally. These new techniques allow targeted gene modifications to be obtained more precisely and faster than by conventional plant-breeding techniques. The study notes that because the regulatory costs for plants classified as GMOs are much higher than those for non-GMO plants and because public acceptance of them is lower, biotechnology companies and plant breeders have been 'particularly concerned' by the legal uncertainty relating to the applicability of GMO rules to these new techniques."
- Need for Production of Crops to Meet Ever-Increasing Demand for Food Across the World
- Demand for Improved Yield, Disease Resistance and Quality Rich Crops
- The Emergence of Hybrid Seed Technology in Plant Breeding
- Stringent Regulatory Norms Imposed on Plant Breeding
Growing Population and Urbanisation Across the World will Boost the Plant Breeding Market and Technological Advancements in Plant Breeding
Stiff Competition in Plant Breeding Market and The Requirement of Skilled Professionals for Plant Breeding
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