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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