Plant Genomics in South Korea Trends and Forecast
The future of the plant genomics market in South Korea looks promising with opportunities in the cereal & grain, oilseed & pulse, and fruit & vegetable markets. The global plant genomics market is expected to reach an estimated $14.0 billion by 2031 with a CAGR of 6.8% from 2025 to 2031. The plant genomics market in South Korea is also forecasted to witness strong growth over the forecast period. The major drivers for this market are the growing prevalence of protein deficiency among individuals, increasing demand for a bio-based economy, and the escalating trend of veganism.
• Lucintel forecasts that, within the type category, molecular engineering is expected to witness higher growth over the forecast period due to its substantial usage in plant genomics to enhance gene expression efficiency and produce novel plant kinds with desired traits.
• Within the application category, cereals & grains will remain the largest segment due to significant adoption of plant breeding & sequencing techniques to develop high-performing varieties of cereals & grains, rice, wheat, and corn.
Emerging Trends in the Plant Genomics Market in South Korea
The plant genomics market in South Korea is experiencing rapid growth driven by technological advancements, increased research funding, and a focus on sustainable agriculture. The country is investing heavily in genomic research to improve crop yields, resistance, and adaptability to climate change. This evolving landscape is marked by innovative collaborations between academia and industry, the adoption of cutting-edge sequencing technologies, and a rising demand for genetically optimized crops. These developments are transforming South Korea into a significant player in global plant genomics. As the market matures, it is expected to foster new opportunities for biotech firms, researchers, and farmers, ultimately contributing to food security and agricultural sustainability.
• Emerging Technologies: Adoption of advanced sequencing and gene editing tools such as CRISPR is revolutionizing plant genomics. These technologies enable precise modifications, accelerating crop improvement programs. They reduce development time and costs, making genetic research more accessible and efficient. This trend is fostering innovation in developing resilient and high-yield crops, positioning South Korea at the forefront of plant biotechnology.
• Government Initiatives and Funding: The South Korean government is actively supporting plant genomics through substantial funding and policy incentives. Initiatives aim to enhance research infrastructure, promote public-private partnerships, and facilitate the commercialization of genomic products. This support accelerates innovation, attracts international collaborations, and boosts the competitiveness of local biotech firms.
• Focus on Sustainable Agriculture: There is a growing emphasis on developing crops that are environmentally sustainable and resource-efficient. Genomic research is being directed towards creating drought-tolerant, pest-resistant, and nutrient-efficient varieties. This trend aligns with global sustainability goals and addresses local challenges such as climate change and food security.
• Industry-Academia Collaboration: Increased collaboration between research institutions and biotech companies is fostering innovation and commercialization. Joint projects facilitate knowledge exchange, resource sharing, and faster translation of research into market-ready solutions. This synergy enhances South Korea’s capacity to develop cutting-edge plant genomics products.
• Market Expansion and Investment: The market is witnessing rising investments from venture capitalists and multinational corporations. This influx of capital supports startups and established firms in developing new genomic technologies and products. It also indicates growing confidence in the commercial potential of plant genomics in South Korea.
These emerging trends are collectively reshaping the South Korean plant genomics market by fostering innovation, enhancing research capabilities, and promoting sustainable practices. The integration of advanced technologies, supportive policies, and collaborative efforts is positioning South Korea as a leader in plant biotechnology. This evolution is expected to drive economic growth, improve agricultural productivity, and contribute to global food security efforts, making the market more competitive and dynamic.
Recent Developments in the Plant Genomics Market in South Korea
The plant genomics market in South Korea is experiencing rapid growth driven by technological advancements, increased research funding, and a focus on sustainable agriculture. The country is investing heavily in genomic research to improve crop yields, disease resistance, and climate adaptability. These developments are fostering innovation in plant breeding and biotechnology, positioning South Korea as a key player in the global market. The integration of cutting-edge genomic tools is enabling more precise and efficient crop improvement strategies. Additionally, collaborations between academia and industry are accelerating the commercialization of genomic solutions. Overall, these trends are transforming the plant genomics landscape, making it more competitive and innovative.
• Investment in Genomic Research: South Korea has increased funding for plant genomics projects, supporting advanced research and development. This financial boost is enabling scientists to explore new genetic traits and develop resilient crop varieties, which are crucial for food security and agricultural sustainability.
• Technological Advancements: The adoption of next-generation sequencing (NGS) and bioinformatics tools has revolutionized plant genomics in South Korea. These technologies allow for faster, more accurate genetic analysis, leading to quicker development of improved plant breeds.
• Public-Private Partnerships: Collaborations between government agencies, research institutions, and biotech companies are strengthening the market. These partnerships facilitate resource sharing, innovation, and the commercialization of genomic products, accelerating market growth.
• Focus on Sustainable Agriculture: Emphasis on developing drought-tolerant, pest-resistant, and climate-resilient crops aligns with South Korea’s sustainability goals. Genomic innovations are playing a vital role in creating environmentally friendly and productive agricultural practices.
• Regulatory and Policy Support: The government’s supportive policies and regulatory frameworks are fostering a conducive environment for plant genomics research and commercialization. This regulatory clarity encourages investment and innovation in the sector.
These developments are significantly impacting the South Korean plant genomics market by fostering innovation, enhancing research capabilities, and promoting sustainable agricultural practices. The increased investment and technological adoption are leading to the development of superior crop varieties, which can better withstand environmental challenges. Public-private collaborations are accelerating product commercialization, expanding market opportunities. Supportive policies are creating a favorable environment for continued growth. Overall, these trends are positioning South Korea as a competitive and innovative leader in the global plant genomics industry.
Strategic Growth Opportunities for Plant Genomics Market in South Korea
The plant genomics market in South Korea is experiencing rapid growth driven by technological advancements and increasing demand for sustainable agriculture. This expansion presents numerous opportunities for innovation and market development across various applications. As the industry evolves, key growth areas are emerging that promise to enhance crop yields, improve disease resistance, and support environmental sustainability. Stakeholders are focusing on leveraging genomics to meet food security challenges and reduce reliance on chemical inputs. These developments are shaping a dynamic landscape that offers significant potential for economic and scientific progress.
• Accelerates crop improvement: By utilizing genomic data, precision breeding enables the development of superior crop varieties faster and more accurately, reducing time and costs associated with traditional breeding methods.
• Enhances crop resilience: Genomic tools help identify resistance genes, facilitating the creation of disease-resistant crops that can withstand pests and pathogens, thereby reducing crop losses.
• Improves adaptability: Genomics enables the development of crops that can tolerate environmental stresses such as drought, salinity, and extreme temperatures, ensuring stable yields under changing climate conditions.
• Accelerates innovation: Advanced sequencing technologies facilitate the discovery of desirable traits, supporting the development of crops with improved nutritional content, shelf life, and other valuable characteristics.
• Promotes eco-friendly practices: Genomics-driven approaches support the development of sustainable farming practices by reducing chemical inputs and enhancing resource use efficiency.
The identified growth opportunities are significantly impacting the South Korean plant genomics market by fostering innovation, improving crop resilience, and promoting sustainable practices. These developments are expected to drive market expansion, attract investments, and contribute to global food security efforts.
Plant Genomics Market in South Korea Driver and Challenges
The plant genomics market in South Korea is influenced by a variety of technological, economic, and regulatory factors. Advances in sequencing technologies, increasing government support, and rising agricultural productivity demands are key drivers. Conversely, challenges such as high R&D costs, regulatory hurdles, and limited awareness hinder growth. These factors collectively shape the market’s trajectory, impacting innovation, investment, and adoption rates. Understanding these dynamics is crucial for stakeholders aiming to capitalize on emerging opportunities while navigating potential obstacles.
The factors responsible for driving the plant genomics market in South Korea include:
• Technological Innovation: Rapid advancements in sequencing and bioinformatics tools are enabling more precise and cost-effective plant genomics research, fostering innovation and accelerating product development.
• Government Support and Funding: South Korean government initiatives and funding programs promote research and development in plant genomics, encouraging collaboration between academia and industry.
• Rising Agricultural Productivity Demands: The need to improve crop yields and resistance to pests and climate change drives investment in genomics-based solutions.
• Growing Awareness and Adoption: Increasing awareness among farmers and agribusinesses about the benefits of genomics technologies is leading to higher adoption rates.
The challenges in the plant genomics market in South Korea are:
• High R&D Costs: Developing and implementing plant genomics solutions requires significant investment, which can be a barrier for smaller companies and startups.
• Regulatory Hurdles: Stringent regulations related to genetically modified organisms (GMOs) and biosafety can delay product approval and market entry.
• Limited Awareness and Expertise: Despite growing interest, there remains a lack of widespread understanding and skilled professionals in plant genomics, hindering market expansion.
Overall, these drivers are propelling the South Korean plant genomics market forward by fostering innovation and adoption, while the challenges pose obstacles that need strategic management. Addressing regulatory and awareness issues will be essential for sustainable growth, ensuring the market can fully realize its potential in enhancing agricultural productivity and sustainability.
List of Plant Genomics Market in South Korea Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies, plant genomics companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the plant genomics companies profiled in this report include:
• Company 1
• Company 2
• Company 3
• Company 4
• Company 5
• Company 6
• Company 7
• Company 8
• Company 9
• Company 10
Plant Genomics Market in South Korea by Segment
The study includes a forecast for the plant genomics market in South Korea by type, trait, objective, and application.
Plant Genomics Market in South Korea by Type [Analysis by Value from 2019 to 2031]:
• Molecular Engineering
• Genetic Engineering
• Others
Plant Genomics Market in South Korea by Trait [Analysis by Value from 2019 to 2031]:
• Yield Improvement
• Disease Resistance
• Herbicide Tolerance
• Others
Plant Genomics Market in South Korea by Objective [Analysis by Value from 2019 to 2031]:
• DNA Extraction & Purification
• DNA/RNA Sequencing
• Genotyping
• GENE Expression Profiling
• Marker-Assisted Selection
• GMO-Trait Purity Testing
• Others
Plant Genomics Market in South Korea by Application [Analysis by Value from 2019 to 2031]:
• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Others
Features of the Plant Genomics Market in South Korea
Market Size Estimates: Plant genomics in South Korea market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends and forecasts by various segments.
Segmentation Analysis: Plant genomics in South Korea market size by type, trait, objective, and application in terms of value ($B).
Growth Opportunities: Analysis of growth opportunities in different types, traits, objectives, and applications for the plant genomics in South Korea.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the plant genomics in South Korea.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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FAQ
Q1. What are the major drivers influencing the growth of the plant genomics market?
Answer: The major drivers for this market are the growing prevalence of protein deficiency among individuals, increasing demand for a bio-based economy, and the escalating trend of veganism.
Q2. What are the major segments for plant genomics market in South Korea?
Answer: The future of the plant genomics market in South Korea looks promising with opportunities in the cereals & grains, oilseeds & pulses, and fruits & vegetables markets.
Q3. Which plant genomics market segment in South Korea will be the largest in future?
Answer: Lucintel forecasts that molecular engineering is expected to witness higher growth over the forecast period due to its substantial usage in plant genomics to enhance gene expression efficiency and produce novel plant kinds with desired traits.
Q4. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 10 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the plant genomics market in South Korea by type (molecular engineering, genetic engineering, and others), trait (yield improvement, disease resistance, herbicide tolerance, and others), objective (DNA extraction & purification, DNA/RNA sequencing, genotyping, GENE expression profiling, marker-assisted selection, GMO-trait purity testing, and others), and application (cereals & grains, oilseeds & pulses, fruits & vegetables, and others)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.4. What are the business risks and competitive threats in this market?
Q.5. What are the emerging trends in this market and the reasons behind them?
Q.6. What are some of the changing demands of customers in the market?
Q.7. What are the new developments in the market? Which companies are leading these developments?
Q.8. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.9. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.10. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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