Plant Genomics Market

Global Plant Genomics Market Size (2024 to 2032)

The global plant genomics market was valued at USD 10.08 billion in 2023 and is anticipated to reach USD 10.93 billion in 2024 from USD 20.83 billion by 2032, growing at a CAGR of 8.40% from 2024 to 2032.

Plant genomics is the way to grow new plant lines with improved genotypic attributes by crossing at least two plants to deliver an offspring that shares the necessary qualities of the parent plants. Techniques for plant genomics are hereditary asset preservation and a variety of applications of genomics in plant breeding are getting attention from expert scientists. The innovative progressions in the plant genomics market guarantee market development. Plant genomics intends to portray, succession, and study of the hereditary synthesis, capacities, and systems of the whole plant genome.

Market Dynamics

Plant genomics is the space whose key target is to group, describe, and study the quality synthesis, capacity, and structure as well as the system of a total plant genome. Additionally, a variety of uses of genomics in plant breeding and hereditary asset preservation are a few of the techniques that are grabbing the attention of expert scientists and this will direct the development of the plant genomics market over the estimated time frame.

The limitation for the market development is the significant expense of the automated instruments for plant genomics, because of which there is less application of those instruments, and this significant expense is a defeat for the market. However, the development of rising economies giving a huge degree to market improvement and the rising open doors for the application of novel DNA sequencing advancements can help in the development of the market. The challenge for the market is the absence of mindfulness in dealing with current plant genomics advancements in developing nations and the unsafe impacts of GMO's restricted research practices in the plant genomics market.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Plant Genomics Market By Type

Evidently, the molecular engineering section is anticipated to develop quickly in 2020-2025 because of the acknowledgment of molecular plant engineering strategies in nations like the U.S., the UK, France, Holland, and Germany. Molecular engineering is the way to improve the genotypic attributes of plants through the application of molecular markers.

Global Plant Genomics Market By Trait

Moreover, the herbicide tolerance fragment is set to contribute significantly towards the general market development by 2025 because of the developing extent of vermin attacks and strict laws concerning the utilization of synthetic chemicals that can be harmful to crops while annihilating weeds.

Global Plant Genomics Market By Application

The cereals and Grains portion is foreseen to dominate the application scene over the conjecture period. The interest in solid cereals and grains has opened doors for seed producers to embrace current plant sequencing methods. The focal point of the plant breeders and plant sequencing organizations is on cereals and grains since they are the staple eating regimen of the populace in practically all the regions, and as the population is expanding, so is the interest for the staple food.

REGIONAL ANALYSIS

Asia-Pacific is commanding the plant genomics market due to the focus on coordinating their interests in biotechnology research on food harvests and yields of high business incentives to cater to the expanding food necessities and to diminish poverty, especially among resource-poor cultivating families. With the reception of current plant breeding methods, new yield cultivars can be created to guarantee high harvest efficiency. Likewise, key methodologies, for example, the adoption of advanced plant innovation by the main parts in the Asia Pacific region guarantee food security around the world among the end-clients.

KEY MARKET PLAYERS

Key Players Profiled in the market incorporate Agilent Technologies, Illumina, Inc., Eurofins Scientific, and NRGene.

RECENT DEVELOPMENTS IN THE GLOBAL MARKET

• In the second week of January 2020, NRGene, a main genomic large data association, declared the starting of joint sequencing-based genotyping services alluded as ArrayMAGIC at Plant and Animal Genome gathering in San Diego, U.S. Sources have cited that the new help offering will give super high-thickness SNP (single nucleotide polymorphism) genotyping services at low-costs.
• In August 2019, NRgene pronounced the presentation of DeNovoMax, an improved form of the main item DeNovoMAGIC. Apparently, the key target of propelling DeNovoMax is to improve crop breeding just as harvest yield in farming.
• Agilent Technologies, a behemoth player in life sciences, diagnostics, and applied chemical enterprises, propelled another item in the last week of January 2020. The new item alluded to as SureSelect XT HS2 DNA Kit is intended to offer answers for the issues faced by the specialists in planning DNA sequencing libraries for their exploration exercises in labs.
• In June 2019, NRGene (Israel) went into an association concurrence with BGI (Global Genomic Organization, China) for giving NRGene's innovation as an aspect of its wide scope of genomic research services in agriculture research.
• In January 2019, NRGene (Israel) teamed up with Toyota (Japan) to decode the business strawberry genome, a privately delivered natural product for the Japanese market. This blend of NRGene's assembly and Toyota's GRAS-Di DNA analysis innovation would help in upgrading the production of normal strawberry assortments for Japanese clients.

DETAILED SEGMENTATION OF THR GLOBAL PLANT GENOMICS MARKET INCLUDED IN THIS REPORT

This research report on the global plant genomics market is segmented and sub-segmented into the following categories.

By Type

• Genetic Engineering
• Molecular Engineering

By Trait

• Yield Improvement
• Herbicide Tolerance
• Disease Resistance
• Others

By Application

• Cereals and Grains
• Fruits and Vegetables
• Oilseeds and Pulses
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa