Plant Genotyping Equipment Market to Grow with a CAGR of 6.35% through 2028

Increasing global population and food demand and rising precision agriculture are factors driving the global Plant Genotyping Equipment market in the forecast period 2024-2028.

According to TechSci Research report, “Plant Genotyping Equipment Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Plant Genotyping Equipment Market stood at USD 741.22 Million in 2022 and is anticipated to grow with a CAGR of 6.35% in the forecast period, 2024-2028. The Global Plant Genotyping Equipment Market has been on a steady growth trajectory in recent years, owing to a multitude of market drivers and technological advancements. Plant genotyping, a technique used to identify and understand the genetic makeup of plants, plays a pivotal role in improving crop yield, quality, and resistance to pests and diseases. The world's population is steadily increasing, and with it, the demand for food is also rising. To meet this growing demand, agriculture must become more efficient and sustainable. Plant genotyping allows researchers and breeders to develop crops that are more resistant to diseases and pests, have higher yields, and are better suited to different environmental conditions. As a result, the adoption of genotyping equipment is increasing to create more resilient and high-yielding crop varieties.

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Climate change and environmental challenges, including extreme weather events and shifting growing conditions, have put pressure on the agricultural sector. Genotyping equipment helps breeders develop plants that can thrive in these changing conditions. By identifying genes associated with drought tolerance, heat resistance, and other crucial traits, genotyping equipment contributes to crop resilience and adaptability. The concept of precision agriculture is gaining momentum worldwide. Plant genotyping is an integral part of precision agriculture, as it allows farmers to tailor their crop selection and cultivation practices based on specific genetic information. This targeted approach can optimize resource utilization, reduce waste, and improve overall crop quality and yield, leading to increased adoption of plant genotyping equipment.

Many governments and agricultural organizations worldwide are providing support and funding for research and development in genotyping technologies. The aim is to promote sustainable agriculture and food security. This financial support encourages the adoption of plant genotyping equipment in both research and commercial agricultural settings.

The Global Plant Genotyping Equipment Market is segmented into equipment, application and company.  Based on equipment, the SNP Genotyping Equipment segment has emerged as the predominant market leader. SNP genotyping facilitates the development of crop varieties with improved yields, resistance to pests and diseases, and tolerance to environmental stresses. This can help address global food security challenges. By accelerating the breeding process, SNP genotyping contributes to the development of more sustainable agricultural practices. It allows for the creation of crops that require fewer resources, such as water and pesticides. SNP genotyping can also aid in the preservation of plant biodiversity by allowing researchers to study and conserve genetic diversity in plant species.

Based on region, North America segment is expected to grow during the forecast period.  Sustainability has become a top priority in North American agriculture. With the challenges posed by climate change and the need to feed a growing global population, there is an increasing focus on developing crops that are resilient, environmentally friendly, and high-yielding. Plant genotyping equipment plays a pivotal role in achieving these goals by facilitating the identification of genetic traits that are essential for sustainable agriculture.

The Asia Pacific region is experiencing rapid market growth. Asia Pacific’s dominance in the global plant genotyping equipment market is also attributed to the strong collaborative efforts between academic institutions, government bodies, and private sector companies. These partnerships have accelerated the development and adoption of genotyping technologies and methodologies. By working together, stakeholders have created a thriving ecosystem for research and innovation.

Major companies operating in Global Plant Genotyping Equipment Market are:

• AgBiome LLC
• Agilent Technologies Inc.
• AUM LifeTech, Inc.
• BGI Genomics
• Biome Makers Spain Inc.
• Eurofins Scientific
• Evogene Ltd.
• Illumina, Inc.
• LGC Limited
• Merck KgaA
• Oxford Nanopore Technologies Limited
• PerkinElmer Inc.
• Promega Corporation
• Senda Biosciences, Inc.
• Thermo Fisher Scientific inc.

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“The Global Plant Genotyping Equipment Market is driven by a combination of factors, including population growth, technological advancements, environmental challenges, and changing agricultural practices. As the world seeks to ensure food security, address climate change, and increase agricultural efficiency, the demand for plant genotyping equipment is likely to continue to grow. This industry will remain a critical component in advancing agriculture to meet the challenges of the 21st century. Researchers, agricultural organizations, and governments will play a pivotal role in driving the adoption of plant genotyping equipment as they work together to address the global agricultural needs of a changing world.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Plant Genotyping Equipment Market By Equipment (SNP Genotyping Equipment, DNA Analyzer, Real Time PCR Instrument, Liquid Handler, Others), By Application (Quality Assessment, Product Development, Breeding, Plant Research, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Plant Genotyping Equipment Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Plant Genotyping Equipment Market.

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