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Biotechnology - Plant Biotechnology (Transgenic plants, Herbicide Resistant Plants, Glyphosate Tolerant Plants, Sulphonylurea Tolerant Plants, Atrazine Tolerant Plants, Phosphinothricin Tolerant Plants, Bromoxynil Tolerant Plants, Insect Resistant Plants,

Thursday, May 4, 2017

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Plant biotechnology is a precise process in which scientific techniques are used to develop molecular and cellular based technologies to improve plant productivity, quality and health; to improve the quality of plant products; or to prevent, reduce or eliminate constraints to plant productivity caused by diseases, pest organisms and environmental stresses. It can be defined as human intervention on plant material by means of technological instruments in order to produce permanent effects, and includes genetic engineering and gene manipulation to obtain transgenic plants. Plant genetic engineering is used to produce new inheritable combinations by introducing external DNA to plant material in an unnatural way. The results are genetically modified plants (GMPs) or transgenic plants. The key instrument used in plant biotechnology is the plant tissue culture (PTC) technique which refers to the in vitro culture of protoplasts, cells, tissues and organs. Plant biotechnology in use today relies on advanced technology, which allows plant breeders to make precise genetic changes to impart beneficial traits to plants. The application of biotechnology in agriculture has resulted in benefits to farmers, producers and consumers. Plant biotechnology has helped make both insect pest control and weed management safer and easier while safeguarding plants against disease. The worldwide demand for food, feed and modern textile fibers can only be met in the future with the help of plant biotechnology. It has the potential to open up whole new business areas that will totally redefine the current market scope and perception.

Market Outlook

The Indian biotech industry holds about 2 per cent share of the global biotech industry. The biotechnology industry in India, comprising about 800 companies, is valued at US$ 11 billion and is growing at a Compound Annual Growth Rate (CAGR) of 20 per cent.

If there is an annual investment of US$ 4.01 billion to US$ 5.02 billion in the next five years, the biotech industry can grow to US$ 100 billion by 2025, with a 25 per cent return on investment, and set a growth rate of 30 per cent year-on-year.

The global market for agricultural biotechnology is expected to grow to $46.8 billion by 2019, with a five-year compound annual growth rate (CAGR) of 11%. The biotechnology tools category, the fastest growing segment of the market, is moving at phenomenal 49.9% CAGR.

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