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Stock impact report

Plant Biotechnology Market To Reach USD 276.9 Billion By 2032 - DataHorizzon Research [Yahoo! Finance]

Benson Hill, Inc. (BHIL) 
Company Research Source: Yahoo! Finance
Fort Collins, Colorado, April 06, 2024 (GLOBE NEWSWIRE) -- The Plant Biotechnology Market was valued at USD 105.1 Billion in 2023 and is anticipated to grow CAGR at 11.4% and reach USD 276.9 Billion by 2032. The plant biotechnology market is poised for expansion, offering tangible and significant benefits to the environment, consumers, and farmers worldwide. Genetic advancements coupled with plant biotechnology equipment have enabled plant breeders to accelerate crop improvement, resulting in enhanced quality and yield. This aligns with sustainable development goals such as ensuring healthcare, adequate food supply, and providing accessible, affordable, and clean energy, thus contributing to the growth of the plant biotechnology market. A key factor driving the increasing demand for plant biotechnology is its ability to facilitate faster plant and crop growth. Gene modification, a feature of plant biotechnology, enables plants to resist various crop diseases, enhance their nutrit Show less Read more
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