Plant Genomics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Molecular Engineering, Genetic Engineering, Others), By Trait (Yield Improvement, Disease Resistance, Herbicide Tolerance, Others), By Objective (DNA Extraction & Purification, DNA/RNA Sequencing, Genotyping, GENE Expression Profiling, Marker-Assisted Selection, Others), By Application (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others), By Region and Competition 2018-2028

  • Industry : Agriculture
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 7.68 Billion

CAGR (2023-2028)

8.26%

Fastest Growing Segment

Genetic Engineering

Largest Market

Asia Pacific

 

Market Overview

Global Plant Genomics Market has valued at USD 7.68 Billion in 2022 and is anticipated to project impressive growth in the forecast period with a CAGR of 8.26% through 2028. Plant genomics encompasses various genetic manipulation methods utilized to enhance plant quality and investigate how the genetic composition of plants influences plant breeding. Advancements in plant genomics have facilitated improved crop protection by preventing mycotoxin contamination and enhancing crop resilience to extreme temperatures. The availability of faster-growing plants contributes to food security and ensures the availability of vital nutrients in the market. Furthermore, plant genomics plays a pivotal role in mitigating disease spread through the development of genetically modified crops. Molecular diagnostics, molecular markers, genetic engineering, tissue culture, and the utilization of beneficial microbes are key areas of genomics employed to enhance crop quality.

Key Market Drivers

Increasing Application of Genomics in Plant Breeding

The increasing application of genomics in plant breeding is projected to propel the global demand for plant genomics. As population growth continues, the pressure to meet the rising food demands has intensified. Plant genomics, with its capability to perform genetic modifications, promises to address this challenge by enhancing crop yield and resilience. The use of genomic technologies allows breeders to identify specific genetic traits, such as drought resistance or disease immunity, accelerating the breeding process and ensuring the production of hardier, more productive crop varieties. Moreover, genomics contributes to sustainability in farming by reducing the need for chemical inputs and improving crop diversity. In developing nations, where agriculture forms a significant part of the economy, genomics aids in fortifying food security and reducing poverty. Furthermore, the rise in private and public funding for research in plant genomics is also a driving factor for global demand. However, the potential of plant genomics extends beyond agriculture, with applications in biofuels, pharmaceuticals, and other industrial sectors. Therefore, as the application of genomics in plant breeding broadens, it is expected to significantly boost the global demand for plant genomics.

Rising Funds for Agricultural Development

The global demand for plant genomics is projected to surge significantly, primarily driven by rising funds for agricultural development. As nations worldwide recognize the critical role of agriculture in food security and economic growth, there is an increasing trend towards substantial investments in agricultural research and development. Particularly, plant genomics, a scientific discipline focusing on the study of all aspects of plant genes, is receiving notable attention. The field contributes immensely to achieving higher crop yield, enhancing nutritional value, and improving resistance to diseases and pests. Furthermore, it allows for the development of plant varieties adapted to specific climate conditions, which is vital in the face of climate change. The mounting funds towards these areas of study are anticipated to fuel the global demand for plant genomics. Additionally, the ongoing technological advancements in genetic sequencing and bioinformatics are further projected to bolster the market growth. These investments serve as an enabler to unlock the potential of plant genomics, thereby fostering innovation, increasing productivity, and ultimately leading to agricultural sustainability on a global scale.

Rapidly Expanding Global Population

The rapid expansion of the global population is set to fuel an unprecedented demand for plant genomics across the world. This growth, coupled with the escalating need for sustainable agricultural practices, is projected to be a major driving force in the field of plant genomics. Plant genomics, the branch of molecular biology concerned with the genetic constitution of plant species, plays a pivotal role in understanding plant growth, development, and response to environmental factors. It holds the potential to revolutionize the agricultural sector by enhancing crop yield and resilience, thereby meeting the burgeoning global food demand. Moreover, plant genomics aids in the development of drought-tolerant, disease-resistant, and high-nutrition crop varieties, pivotal in the face of climate change and dwindling resources. Additionally, in the biofuel industry, plant genomics can facilitate the development of plant varieties with higher biomass yield and improved conversion efficiency. As the global population swells and the demand for sustainability surges, plant genomics is expected to take centre stage in quest for food security and environmental sustainability.

Growing Global Demand for Fruits & Vegetables

The burgeoning global demand for fruits and vegetables is anticipated to fuel the growth of the plant genomics sector across the world. As the world's population continues to grow, so does the demand for nutritious, high-quality produce. With an increasing emphasis on healthy eating and sustainable agriculture, there is a significant push towards developing methods that can enhance the quality and yield of crops. Plant genomics, the study of the genetic structures of plants, plays a pivotal role in this scenario. By understanding the genetic makeup of various plant species, scientists can identify ways to improve disease resistance, enhance nutritional value, and increase yield, thereby meeting the rising global demand for fresh produce. Furthermore, plant genomics can contribute to sustainable farming practices by aiding in the development of crop varieties that require less water, fertilizer, and pesticides, which is increasingly important in a world grappling with climate change and environmental degradation. Therefore, the growing worldwide need for fruits and vegetables is expected to be a major driver for the expansion of the plant genomics market.

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Key Market Challenges

High Cost of Plant Genomics

High costs associated with plant genomics have been a major barrier to its comprehensive adoption globally. The extensive financial resources required for sophisticated genomic sequencing technologies, high-throughput systems, and the hiring of specialized staff have confined the use of plant genomics primarily to well-funded research institutions in developed nations. This considerable financial investment has been a deterrent for developing countries with constrained budgets, hampering the growth of plant genomics worldwide. In the face of such exorbitant costs, many potential beneficiaries, particularly in resource-poor settings, are discouraged from investing in plant genomics, which diminishes global demand. The high costs of plant genomics not only impede the acquisition of necessary equipment and expertise but also hinder the application of genomic findings in crop improvement strategies. Consequently, these steep costs are expected to decrease the global demand for plant genomics, as many potential adopters are forced to seek more cost-effective alternatives.

Hazardous Effects of GMO Products

The global demand for Plant Genomics is anticipated to decrease due to the hazardous effects of GMO (Genetically Modified Organisms) products. GMOs, which are a product of Plant Genomics, have been the subject of intense debate owing to emerging health and environmental concerns. Numerous studies have linked GMO consumption to health risks, including allergic reactions, antibiotic resistance, and even cancer, raising alarm bells among consumers and health experts alike. Moreover, the environmental impact of GMOs cannot be overlooked, as they have been associated with the loss of biodiversity and the emergence of 'superweeds' and 'superbugs', posing challenges to ecosystems worldwide. The adverse publicity surrounding GMOs has led to a notable shift in consumer preference towards organic and non-GMO products, prompting various food industries and agricultural sectors to reevaluate their stance on the utilization of Plant Genomics. Unless adequate measures are taken to address these issues and regain public trust, the market for Plant Genomics could experience a significant decline in the near future. It is crucial for stakeholders to engage in transparent communication, rigorous safety assessments, and sustainable practices to ensure the responsible and ethical development of Plant Genomics, fostering a more sustainable and secure future for agriculture and food production.

Key Market Trends

Adoption of Next-Generation Sequencing Technologies

The burgeoning adoption of Next-Generation Sequencing (NGS) technologies heralds a bright future for the global landscape of Plant Genomics. NGS technologies, with their ability to sequence DNA and RNA much more rapidly and affordably than ever before, present unprecedented opportunities for comprehensive plant genome studies. This, in turn, is anticipated to boost the global demand for Plant Genomics. Greater knowledge of plant genomes can lead to significant advancements in agriculture, particularly in the development of disease-resistant and high-yield crops. Furthermore, NGS technologies may bring forth new understanding on plant evolution and adaptation, potentially revolutionizing conservation efforts for various plant species worldwide. Lastly, the enhanced precision and efficiency of NGS technologies facilitate more accurate and swift data analysis, thereby accelerating research in biofuels, medicine, and other plant-derived products. Hence, embracing NGS technologies opens up a realm of possibilities in Plant Genomics, predicting a surge in its global demand.

High Adoption of Next-Generation Sequencing Technologies

The increasing adoption of next-generation sequencing technologies is poised to significantly propel the global demand for plant genomics. These cutting-edge technologies provide deeper insights into plant genomes, accelerating the pace of research and development in this scientific field. They enable scientists to decode complex genetic structures and unravel key genetic variations responsible for specific plant traits. This has far-reaching implications in agriculture, as the detailed genetic understanding can help in breeding new plant varieties with desired traits such as drought resistance, pest resistance, and enhanced nutritional value. Furthermore, these technologies are becoming more accessible and cost-effective, which encourages their widespread use in plant genomic studies across the globe. As a result, a surge in demand for plant genomics is expected worldwide, with scientists increasingly turning to these advanced sequencing technologies to drive their research and meet the global challenges of sustainable food production and agricultural resilience in the face of climate change.

Segmental Insights

Type Insights

Based on the Type, Genetic Engineering is currently dominating the Global Plant Genomics Market. This rapidly growing field has made significant strides in recent years due to its remarkable ability to enhance crop yield, improve nutritional value, and foster resistance against pests and diseases. By leveraging cutting-edge techniques and technologies, Genetic Engineering offers promising solutions to the pressing issue of food scarcity worldwide. Through precise manipulation of plant genomes, scientists can develop crops that are more resilient, nutritious, and productive, ultimately contributing to a more sustainable and food-secure future. With its immense potential and transformative impact, Genetic Engineering has emerged as a vital player in the field of plant genomics, revolutionizing the way we approach agriculture and addressing the challenges of our ever-growing global population.

Application Insights

Based on the Application, the Fruits & Vegetables segment is currently dominating the Global Plant Genomics Market. The demand for nutritious, fresh, and safe fruits and vegetables is driving the market, as consumers are becoming increasingly health-conscious and aware of the benefits of a plant-based diet. Moreover, the rising global population and the need to feed more people have resulted in the increasing adoption of modern agricultural practices, such as precision farming and genetic engineering. Researchers are leveraging plant genomics to unlock the full potential of fruits and vegetables. By studying the genetic makeup of different crops, they are able to identify genes responsible for desirable traits like increased yield, improved taste, and enhanced nutritional qualities. This knowledge enables scientists to develop new varieties of fruits and vegetables that are not only more productive but also more resilient to diseases, pests, and environmental stresses.

As a result of these advancements, the Fruits & Vegetables segment has emerged as a significant contributor to the growth of the Global Plant Genomics Market. The continuous efforts in research and development are driving innovation in this segment, leading to the introduction of novel varieties that cater to the evolving consumer preferences and market demands. With the increasing focus on sustainability and the need to ensure food security, plant genomics plays a vital role in shaping the future of agriculture and meeting the global demand for high-quality fruits and vegetables.


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Regional Insights

The Asia Pacific market revenue is projected to witness a significant expansion at a robust compound annual growth rate (CAGR) over the forecast period. This growth can be attributed to several factors that contribute to the region's agricultural sector. Firstly, the region has been experiencing a rapid growth in its agricultural industry, which has led to an increased demand for top-quality crops and food products. Moreover, the presence of a large consumer base in the Asia Pacific region further drives the demand for these high-quality agricultural products.

Furthermore, the Asia Pacific market is witnessing a rapid adoption of advanced agricultural technologies. This adoption is primarily driven by the need to improve the efficiency and productivity of agricultural practices in the region. Additionally, there has been an increasing focus on genomic research-based activities, which further enhances the region's agricultural capabilities. This, coupled with the improving research infrastructure and facilities, creates a conducive environment for agricultural development in the Asia Pacific market. Moreover, there is a heightened emphasis on improving soil and crop quality in the region. Governments and private organizations are actively investing funds to support initiatives aimed at enhancing the agricultural sector's productivity and sustainability. These efforts are expected to further drive the growth of the Asia Pacific market during the forecast period.

The Asia Pacific market is poised for substantial growth, driven by the rapidly growing agricultural sector, the presence of a large consumer base, the demand for top-quality crops and food products, the adoption of advanced agricultural technologies, and the increasing focus on genomic research-based activities. Additionally, the region's commitment to improving research infrastructure and facilities, enhancing soil and crop quality, and the availability of funds from public and private organizations are expected to fuel the market's growth in the foreseeable future.

Recent Developments

  • In December 2020, Calyxt, Inc. announced a research collaboration with NRGene Ltd. This partnership entails leveraging NRGene's cloud-based genomic platform to expedite hemp trait discovery.

Key Market Players

  • Eurofins Scientific SE
  • Agilent Technologies, Inc.
  • Illumina, Inc.
  • NRGene Ltd.
  • Qiagen NV
  • Traitgenetics GmbH
  • Novogene Corporation
  • Oxford Nanopore Technologies Ltd.
  • Genewiz, Inc.
  • Genotypic Technology Pvt Ltd.

 

 By Type

By Trait

By Objective

 

By Application

By Region
  • Molecular Engineering
  • Genetic Engineering
  • Others
  • Yield Improvement
  • Disease Resistance
  • Herbicide Tolerance
  • Others
  • DNA Extraction & Purification
  • DNA/RNA Sequencing
  • Genotyping
  • GENE Expression Profiling, Marker-Assisted Selection
  • Others
  • Cereals & Grains Oilseeds & Pulses
  • Fruits & Vegetables
  • Others
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa
Report Scope:

In this report, the Global Plant Genomics Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·         Plant Genomics Market, By Type:

o   Molecular Engineering

o   Genetic Engineering

o   Others

·         Plant Genomics Market, By Trait:

o   Yield Improvement

o   Disease Resistance

o   Herbicide Tolerance

o   Others

·         Plant Genomics Market, By Objective:

o   DNA Extraction & Purification

o   DNA/RNA Sequencing

o   Genotyping

o   GENE Expression Profiling, Marker-Assisted Selection

o   Others

·         Plant Genomics Market, By Application:

o   Cereals & Grains Oilseeds & Pulses

o   Fruits & Vegetables

o   Others

·         Plant Genomics Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE


Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Plant Genomics Market.

Available Customizations:

Global Plant Genomics market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Plant Genomics Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]               

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, and Trends

4.    Voice of Customer

5.    Global Plant Genomics Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Type (Molecular Engineering, Genetic Engineering, Others)

5.2.2.     By Trait (Yield Improvement, Disease Resistance, Herbicide Tolerance, Others)

5.2.3.     By Objective (DNA Extraction & Purification, DNA/RNA Sequencing, Genotyping, GENE Expression Profiling, Marker-Assisted Selection, Others)

5.2.4.     By Application (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others)

5.2.5.     By Company (2022)

5.2.6.     By Region

5.3.  Market Map

6.    North America Plant Genomics Market Outlook

6.1.  Market Size & Forecast          

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Type

6.2.2.     By Trait

6.2.3.     By Objective

6.2.4.     By Application

6.2.5.     By Country

6.3.  North America: Country Analysis

6.3.1.     United States Plant Genomics Market Outlook

6.3.1.1.         Market Size & Forecast

6.3.1.1.1.             By Value

6.3.1.2.         Market Share & Forecast

6.3.1.2.1.             By Type

6.3.1.2.2.             By Trait

6.3.1.2.3.             By Objective

6.3.1.2.4.             By Application

6.3.2.     Mexico Plant Genomics Market Outlook

6.3.2.1.         Market Size & Forecast

6.3.2.1.1.             By Value

6.3.2.2.         Market Share & Forecast

6.3.2.2.1.             By Type

6.3.2.2.2.             By Trait

6.3.2.2.3.             By Objective

6.3.2.2.4.             By Application

6.3.3.     Canada Plant Genomics Market Outlook

6.3.3.1.         Market Size & Forecast

6.3.3.1.1.             By Value

6.3.3.2.         Market Share & Forecast

6.3.3.2.1.             By Type

6.3.3.2.2.             By Trait

6.3.3.2.3.             By Objective

6.3.3.2.4.             By Application

7.    Europe Plant Genomics Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By Trait

7.2.3.     By Objective

7.2.4.     By Application

7.2.5.     By Country

7.3.  Europe: Country Analysis

7.3.1.     France Plant Genomics Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Type

7.3.1.2.2.             By Trait

7.3.1.2.3.             By Objective

7.3.1.2.4.             By Application

7.3.2.     Germany Plant Genomics Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Type

7.3.2.2.2.             By Trait

7.3.2.2.3.             By Objective

7.3.2.2.4.             By Application

7.3.3.     United Kingdom Plant Genomics Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Type

7.3.3.2.2.             By Trait

7.3.3.2.3.             By Objective

7.3.3.2.4.             By Application

7.3.4.     Italy Plant Genomics Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Type

7.3.4.2.2.             By Trait

7.3.4.2.3.             By Objective

7.3.4.2.4.             By Application

7.3.5.     Spain Plant Genomics Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Type

7.3.5.2.2.             By Trait

7.3.5.2.3.             By Objective

7.3.5.2.4.             By Application

8.    Asia-Pacific Plant Genomics Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By Trait

8.2.3.     By Objective

8.2.4.     By Application

8.2.5.     By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.     China Plant Genomics Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Type

8.3.1.2.2.             By Trait

8.3.1.2.3.             By Objective

8.3.1.2.4.             By Application

8.3.2.     India Plant Genomics Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Type

8.3.2.2.2.             By Trait

8.3.2.2.3.             By Objective

8.3.2.2.4.             By Application

8.3.3.     South Korea Plant Genomics Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Type

8.3.3.2.2.             By Trait

8.3.3.2.3.             By Objective

8.3.3.2.4.             By Application

8.3.4.     Japan Plant Genomics Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Type

8.3.4.2.2.             By Trait

8.3.4.2.3.             By Objective

8.3.4.2.4.             By Application

8.3.5.     Australia Plant Genomics Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Type

8.3.5.2.2.             By Trait

8.3.5.2.3.             By Objective

8.3.5.2.4.             By Application

9.    South America Plant Genomics Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Type

9.2.2.     By Trait

9.2.3.     By Objective

9.2.4.     By Application

9.2.5.     By Country

9.3.  South America: Country Analysis

9.3.1.     Brazil Plant Genomics Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Type

9.3.1.2.2.             By Trait

9.3.1.2.3.             By Objective

9.3.1.2.4.             By Application

9.3.2.     Argentina Plant Genomics Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Type

9.3.2.2.2.             By Trait

9.3.2.2.3.             By Objective

9.3.2.2.4.             By Application

9.3.3.     Colombia Plant Genomics Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Type

9.3.3.2.2.             By Trait

9.3.3.2.3.             By Objective

9.3.3.2.4.             By Application

10.  Middle East and Africa Plant Genomics Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Type

10.2.2.  By Trait

10.2.3.  By Objective

10.2.4.  By Application

10.2.5.  By Country

10.3.              MEA: Country Analysis

10.3.1.  South Africa Plant Genomics Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Type

10.3.1.2.2.           By Trait

10.3.1.2.3.           By Objective

10.3.1.2.4.           By Application

10.3.2.  Saudi Arabia Plant Genomics Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Type

10.3.2.2.2.           By Trait

10.3.2.2.3.           By Objective

10.3.2.2.4.           By Application

10.3.3.  UAE Plant Genomics Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Type

10.3.3.2.2.           By Trait

10.3.3.2.3.           By Objective

10.3.3.2.4.           By Application

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges

12.  Market Trends & Developments

12.1.              Merger & Acquisition

12.2.              Product Development

12.3.              Recent Developments

13.  Porters Five Forces Analysis

13.1.              Competition in the Industry

13.2.              Potential of New Entrants

13.3.              Power of Suppliers

13.4.              Power of Customers

13.5.              Threat of Substitute Products

14.  Competitive Landscape

14.1.              Eurofins Scientific SE

14.1.1.  Business Overview

14.1.2.  Company Snapshot

14.1.3.  Products & Services

14.1.4.  Financials (As Reported)

14.1.5.  Recent Developments

14.1.6.  SWOT Analysis

14.2.              Agilent Technologies, Inc.

14.3.              Illumina, Inc.

14.4.              NRGene Ltd.

14.5.              Qiagen NV

14.6.              Traitgenetics GmbH

14.7.              Novogene Corporation

14.8.              Oxford Nanopore Technologies Ltd.

14.9.              Genewiz, Inc.

14.10.            Genotypic Technology Pvt Ltd.

15.  Strategic Recommendations

16.  About Us & Disclaimer

 

Figures and Tables

Frequently asked questions

down-arrow

The market size of the Global Plant Genomics Market was estimated to be USD 7.68 Billion in 2022.

down-arrow

The Fruits & Vegetables segment holds a dominant position in the Global Plant Genomics Market. This is fueled by the growing demand for nutritious and safe produce, as well as the adoption of modern agricultural practices. Researchers are leveraging plant genomics to enhance the yield, taste, and nutritional properties of diverse fruits and vegetables, making this segment a key driver of market growth.

down-arrow

The Asia Pacific market is projected to grow significantly over the forecast period. This growth is driven by factors such as the expanding agricultural sector, a large consumer base, increasing demand for high-quality crops and food products, and the adoption of advanced agricultural technologies. Additionally, activities in genomic research, improved research infrastructure, a focus on enhancing soil and crop quality, and increased funding from public and private organizations are expected to contribute to the market's growth in the Asia Pacific region.

down-arrow

Increasing Application of genomics in plant breeding and rising funds for agricultural development are the major drivers for the Global Plant Genomics Market.

Related Reports

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Sakshi Bajaal

Business Consultant
Press Release

Plant Genomics Market to Grow with a CAGR of 8.26% through 2028

Dec, 2023

Adoption of next-generation sequencing technologies and increasing application of genomics in plant breeding is expected to drive the Global Plant Genomics Market growth in the forecast period, 2024-

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