IMARC Group, a leading market research company, has recently releases report titled “Plant Genotyping Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global plant genotyping equipment market share, size, growth, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Plant Genotyping Equipment
Plant genotyping equipment analyzes and decodes the genetic information or deoxyribonucleic acid (DNA) of plants. It allows for optimized planting, irrigation, fertilization, and pest management, ultimately improving the efficiency of planting. It serves as a genetic resource for future breeding efforts and minimizes environmental impact. It reduces the reliance on chemical pesticides and helps in developing crop varieties that can withstand changing environmental conditions, such as drought tolerance or heat resistance. It aids in analyzing the genetic makeup of plants and allows scientists and researchers to make informed decisions about breeding, crop improvement, and developing resilient plant varieties. It assists in ensuring the optimal health and growth of plants by providing valuable insights into their traits, resistance to diseases, and overall performance. As it is beneficial in increasing crop yields, improving crop quality, and promoting sustainable farming practices, the demand for plant genotyping equipment is rising across the globe.
How Big Is the Plant Genotyping Equipment Market?
The global plant genotyping equipment market size reached US$ 686 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,203 Million by 2028, exhibiting a growth rate (CAGR) of 9.9% during 2023-2028.
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What are the growth prospects and trends in the plant genotyping equipment industry?
The increasing demand for plant genotyping equipment to develop high-yield crop varieties represents one of the key factors bolstering the market growth. Additionally, the rising adoption of plant genotyping equipment for eco-friendly crop breeding is impelling the market growth. Apart from this, the escalating demand for plant genotyping equipment, as it enables precise crop management and optimizes resource use and crop health, is offering a favorable market outlook.
In addition, the increasing development of genetically resistant plant varieties is propelling the market growth. Besides this, the rising need for plant genotyping to cultivate crops that are resilient to changing environmental conditions is supporting the growth of the market. Furthermore, the increasing utilization of plant genotyping equipment for conserving plant genetic diversity is contributing to the market growth.
In line with this, the rising adoption of plant-derived compounds among pharmaceutical and biotech sectors is providing lucrative growth opportunities to industry investors. Moreover, the increasing focus on customizing crop traits is strengthening the market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Equipment Insights:
- SNP Genotyping Equipment
- Real-time PCR Instrument
- DNA Analyzer
- Liquid Handler
- Others
Application Insights:
- Plant Research
- Breeding
- Product Development
- Quality Assessment
End Use Insights:
- Greenhouse
- Field
- Laboratory
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Agilent Technologies Inc., BGI Genomics, Eurofins Scientific, Evogene Ltd., Illumina Inc., LGC Biosearch Technologies, Merck KgaA, Oxford Nanopore Technologies Limited, PerkinElmer Inc., Promega Corporation, Thermo Fisher Scientific
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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