North American CRISPR in Agriculture Market Share 2019 Growth Challenges, Opportunities and Future Trends 2025
North America is anticipated to be a major contributor to the growth of the CRISPR in agriculture market growing at a CAGR of 25.9%. North America is one of the strongest economies across the globe, comprising of around 23.3% of the world economy as per International Monetary Fund in 2017. The economic strength and advanced biotechnological research in agriculture in North America provide a solid platform for the growth of the CRISPR in the agriculture market. Biotechnological research in agriculture is being supported by various government initiatives in the US and Canada. Therefore, increasing government initiatives in the region are encouraging the market growth.
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The private sector investment in
plant breeding, research, and varietal development of seeds have been growing
in the US and Canada. This is due to the high investment by private companies
in plant breeding, research, and variety development. Furthermore, several seed
companies are investing in growth strategies including mergers and
acquisitions, collaboration, and strategic partnership which is anticipated to
boost the market for plant breeding which in turn fuels the demand for CRISPR
in agriculture. The most recent instances of such growth strategies include the
merger of Dow AgroSciences and DuPont which is done to have a synergy benefit
of 1 million was done in September 2017, and the acquisition of Monsanto from
the US by Bayer from Germany was done in September 2019.
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North American CRISPR in Agriculture Market Segmentation
By End-User
· Academic & Research Institutes
· Biotech Companies
By Target Type
· Crops
· Livestock
· Aquaculture Driving and Sports
Regional Analysis
·
United States
·
Canada
Company Profiles
·
Arcadia Biosciences
·
Bayer AG
·
BASF SE
·
Benson Hill Biosystems, Inc.
·
Caribou Biosciences, Inc.
·
Calyxt, Inc.
·
Cibus Ltd.
·
DowDupont Inc.
·
GeneCopoeia, Inc.
·
Horizon Discovery Group, PLC
·
Inari Agriculture
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