PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1193442
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1193442
Plant Genomics Market size was valued at USD 8,000.9 Million in 2021, expanding at a CAGR of 10.1% from 2023 to 2030.
Plant genomics in genetic engineering is the process of creating new plant lines with improved genotypic qualities by mating two or more plants together in order to produce offspring that have the desired characteristics of the parent plants. The method's goal is to characterize, sequence, and research the genetic networks, compositions, and functions of the complete plant genome. The development of technology coincides with the rise in demand for crops of higher grade.
The main drivers of the Plant Genomics market are the rising demand for high-quality crops and enhanced crop varieties, as well as the explosion in financing for plant genome research that encourages the implementation of novel technologies. The growth of the Plant Genomics market is accelerated by the development and commercialization of significant technologies such as microarrays, quantitative polymerase chain reactions (PCRs), and deoxyribonucleic acid (DNA) sequencing technologies as well as by support from government agencies and private investment firms to increase the potential prospects of utilizing genetic information. The government's activities to promote the use of this technique over its non-GM counterparts, the rise in popularity of herbicide tolerance technology due to its reduced risk to humans and the environment, and other variables also have an impact on the market growth.
Additionally, the market for Plant Genomics is positively impacted by the cost-effectiveness of genomics, the growth of R&D activities, investments, favorable regulations, the absence of toxins or allergens, the increasing demand for food around the world, and rising environmental concerns. Growth in emerging economies and the application of cutting-edge DNA sequencing technology also provide lucrative potential for the genetic engineering and plant genomics markets. On the other hand, the primary factors anticipated to restrain the growth of the Plant Genomics market are high infrastructure costs and lower usage of automated instruments as a result of expensive costs.
The Global Plant Genomics Market is segmented on the basis of Type, Objectives, Application, and Region.
The market is split into four categories based on Type: molecular engineering, genetic engineering and genome editing and others. The genetic engineering segment dominates the market. Increasing number of research in Plant Genomics is mainly contributing to segment growth.
The market is segmented into ten categories based on Objectives: DNA extraction and purification, DNA/RNA sequencing, genotyping, gene expression profiling, marker-assisted selection, GMO-Trait purity testing, hybrid purity testing, targeted resequencing, DNA parentage testing, QTL mapping and genetic disease. The DNA extraction and purification segment dominates the market and is likely to maintain its dominance during the forecast period. This is partly due to a rise in the demand for DNA purification.
The market is segmented into five categories based on Application: cereals and grains, oilseeds and pulses, fruits and vegetables, sugar crops, ornamentals, and alfalfa. The cereal and grains segment dominates the market and is likely to maintain its dominance during the forecast period. This is partly due to an increase in the plant genomics from cereals and grains, boosting the segment growth.
The worldwide market for Plant Genomics is highly fragmented in nature which consist of large and small-sized market players with few large dominating the global market share. The companies in market emphasize on adopting aggressive strategies to reach out large consumer base. Some of the primary techniques used by corporations to strengthen their reach and expand their market share include new research projects, partnerships, distribution network development, R&D spending, and mergers and acquisitions.
For instance, in 2021, Calyxt Inc., have collaborated with NRGene which includes cloud-based genomics of NRGene to accelerating trait discovery process.
Key features of the study:
This proposed research study on Plant Genomics market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2021 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Plant Genomics market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Plant Genomics market
Impact of COVID-19 on Plant Genomics market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Plant Genomics market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Plant Genomics market, we have also included competitive landscape and key innovator analysis for the Plant Genomics market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Plant Genomics market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global Plant Genomics market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL PLANT GENOMICS MARKET KEY PLAYERS
Zhejiang Xinan Chemical Industrial Group Co., Ltd
GLOBAL PLANT GENOMICS MARKET, BY TYPE
GLOBAL PLANT GENOMICS MARKET, BY OBJECTIVES
DNA Extraction and Purification
Gene Expression Profiling
GMO-Trait Purity Testing
Hybrid Purity Testing
DNA Parentage Testing
QTL Mapping and Genetic Disease
GLOBAL PLANT GENOMICS MARKET, BY END USER
Cereals and Grains
Oilseeds and Pulses
Fruits and Vegetables
Ornamentals and Alfalfa
GLOBAL PLANT GENOMICS MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
The Middle East and Africa
United Arab Emirates
Rest of MEA