Plant Genotyping Equipment by Type (SNP Genotyping Equipment, Real-time PCR Instrument, DNA Analyzer, Liquid Handler, Others, World Plant Genotyping Equipment Production ), by Application (Greenhouse, Field, Laboratory, Others, World Plant Genotyping Equipment Production ), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2025-2033
The global plant genotyping equipment market was valued at USD 15.35 billion in 2022 and is expected to grow to USD 26.71 billion by 2030, registering a CAGR of 7.5% from 2023 to 2030. The increasing adoption of precision farming techniques, advancements in next-generation sequencing (NGS) technologies, and growing government support for agricultural research are key factors driving the market growth.
The market is highly fragmented with the presence of numerous established players and emerging startups. Some of the major players in the plant genotyping equipment market include Agilent Technologies Inc., BGI Genomics, Eurofins Scientific, Evogene Ltd., Illumina Inc., LGC Biosearch Technologies, Merck KGaA, Oxford Nanopore Technologies Limited, PerkinElmer Inc., and Promega Corporation. These players are focusing on developing innovative products and expanding their distribution channels to increase their market share. The Asia Pacific region is expected to witness the fastest growth in the plant genotyping equipment market due to the increasing adoption of precision farming techniques and government initiatives to promote agricultural research.
For the next two decades, the global plant genotyping equipment market predicts accelerated growth due to escalating demand for DNA sequencing and genotyping technologies in plant breeding and research. The market's valuation is expected to reach a multi-billion dollar valuation by 2028, showcasing its exponential growth trajectory.
The agricultural industry is witnessing a paradigm shift, driven by advancements in plant genotyping equipment. These cutting-edge tools empower scientists and breeders to unlock the genetic potential of plants, enabling the development of improved crop varieties. The adoption of these technologies is fueled by the surging demand for sustainable, high-yielding, and disease-resistant crops to meet the growing global food需求.
Moreover, government initiatives and research grants are accelerating the adoption of plant genotyping equipment. Governments worldwide recognize the significance of agricultural innovation and are investing heavily in research and development programs. This financial support serves as a catalyst for the growth of the plant genotyping equipment market.
A confluence of factors is fueling the growth of the plant genotyping equipment market. The escalating global population and the increasing demand for food have placed immense pressure on agricultural productivity. Plant genotyping equipment empowers breeders to develop improved crop varieties with enhanced yield, nutritional content, and resilience to biotic and abiotic stresses.
Furthermore, the burgeoning pharmaceutical and nutraceutical industries are driving the demand for plant-based compounds. Plant genotyping equipment enables researchers to identify plants with specific traits and compounds, facilitating the development of novel drugs, supplements, and cosmetic products.
Despite the promising market outlook, the plant genotyping equipment industry grapples with certain challenges and restraints. The high cost of equipment and consumables can hinder its accessibility, especially for small-scale farmers and researchers in developing countries. Additionally, the complexity of data analysis and interpretation requires skilled personnel, which can be a limiting factor in resource-constrained settings.
Globally, North America dominates the plant genotyping equipment market, driven by advanced agricultural practices, robust research infrastructure, and government support. Europe and Asia-Pacific are other significant markets, with increasing adoption in precision agriculture and plant breeding programs.
Amongst the different segments, SNP Genotyping Equipment holds a substantial share of the market. SNP genotyping is a widely adopted technique for identifying genetic variations, making it indispensable in plant breeding and genetic studies.
The growth of the plant genotyping equipment industry is fueled by a range of factors, including:
The plant genotyping equipment market is characterized by a competitive landscape, with several key players driving innovation and growth:
The plant genotyping equipment sector has witnessed significant developments in recent years:
This comprehensive report on the plant genotyping equipment market provides an in-depth analysis of the industry's current landscape, growth drivers, challenges, and future prospects.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of XX% from 2019-2033 |
Segmentation |
|
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of XX% from 2019-2033 |
Segmentation |
|
Note* : In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
MR Forecast provides premium market intelligence on deep technologies that can cause a high level of disruption in the market within the next few years. When it comes to doing market viability analyses for technologies at very early phases of development, MR Forecast is second to none. What sets us apart is our set of market estimates based on secondary research data, which in turn gets validated through primary research by key companies in the target market and other stakeholders. It only covers technologies pertaining to Healthcare, IT, big data analysis, block chain technology, Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), Energy & Power, Automobile, Agriculture, Electronics, Chemical & Materials, Machinery & Equipment's, Consumer Goods, and many others at MR Forecast. Market: The market section introduces the industry to readers, including an overview, business dynamics, competitive benchmarking, and firms' profiles. This enables readers to make decisions on market entry, expansion, and exit in certain nations, regions, or worldwide. Application: We give painstaking attention to the study of every product and technology, along with its use case and user categories, under our research solutions. From here on, the process delivers accurate market estimates and forecasts apart from the best and most meaningful insights.
Products generically come under this phrase and may imply any number of goods, components, materials, technology, or any combination thereof. Any business that wants to push an innovative agenda needs data on product definitions, pricing analysis, benchmarking and roadmaps on technology, demand analysis, and patents. Our research papers contain all that and much more in a depth that makes them incredibly actionable. Products broadly encompass a wide range of goods, components, materials, technologies, or any combination thereof. For businesses aiming to advance an innovative agenda, access to comprehensive data on product definitions, pricing analysis, benchmarking, technological roadmaps, demand analysis, and patents is essential. Our research papers provide in-depth insights into these areas and more, equipping organizations with actionable information that can drive strategic decision-making and enhance competitive positioning in the market.