The agrigenomics market size is expected to reach US$ 7.67 Bn by 2031, from US$ 4.30 Bn in 2024, at a CAGR of 8.6% during the forecast period.
Agrigenomics Market- Drivers
Agrigenomics Market- Trends
This leads to faster research and development cycles. For example, researchers at the University of Illinois used VR simulations in 2021 to test different drought-resistant traits on virtual corn fields, helping them identify the most promising strains for real-world trials months in advance. VR also helps seed and chemical companies design specialized, location-specific seed and input packages tailored to each farm's unique terroir. They can visualize how crops may respond in any given microclimate. This translational research enhances productivity and sustainability outcomes for growers.
The integration of drones further aids agrigenomics applications. Multispectral and thermal cameras attached to drones capture precision field data at different crop growth stages. Companies can then correlate this imagery data with a farm's varied soil composition, topography and micro-weather patterns mapped into their VR simulations. This helps gain deeper insights into how genetic traits interact with their physical environment. For instance, 2022, Yara, a fertilizer major, deployed drone data in 2022 across midwestern U.S. farms to study nitrogen efficiency in experimental wheat varieties in their virtual test fields. Such real-world calibration and validation improves the predictive capabilities of VR, expediting the development of climate-resilient seeds and farming practices.
Precision agriculture enabled by digital tools allows for targeted and zoned application of inputs like water, fertilizers and pesticides based on real-time field conditions. Genomic information of crops can be combined with soil and weather data to determine exactly what genetic traits and management practices would be most suitable for maximum yields. This helps farmers optimize the use of resources. For example, in India, sensors are being used to collect over 50 demographic and agricultural parameters along 1,000 km of canal length, benefiting over 6 million farmers. Similarly, by correlating genetic data of livestock with performance records, digital solutions can aid in more accurate selection of high yielding breeds tailored to local conditions. Gene editing techniques also now have broader scope due to digitally powered identification of precise genome targets for desirable economic traits. For instance, the African Cassava Whitefly-Resistant project by International Institute of Tropical Agriculture used genomics to develop cassava varieties resistant to the whitefly pest, benefiting over 0.20 Bn people in Africa.
Such expanded applications of agrigenomics through digital integration provide valuable insights for driving research and product development. They also boost demand for genotyping, sequencing and gene editing services. According to the Indian government's inter-ministerial committee report, digital technology interventions increased farmer income in India by 16-18% during 2014-15 to 2019-20.This underscores farmers' growing reliance on precision-agriculture solutions and validates the opportunities for personalized agrigenomics services.
Global Agrigenomics Market Report Snapshots
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