The global plant phenotyping market was valued at USD 195.42 million in 2023 and is anticipated to reach USD 217.19 million in 2024 from USD 505.59 million by 2032, growing at a CAGR of 11.14% from 2024 to 2032.
The world market is driven primarily by the growing importance of sustainable agricultural production among farmers using improved varieties of crops. These improved crop varieties can be obtained by selection based on genome and phenotype, where phenotypic data is essential to identify the desired traits for efficient plant breeding. The plant phenotyping market is still in its infancy, implemented only by certain players; however, ongoing research projects on identifying high-yielding varieties without the support of genetically modified (GM) technology could lead to strong market development in the coming years. This expansion in the number of research projects can be attributed to the growing call for new functionalities to support and accelerate the progress of plant breeding.
The worldwide market for plant phenotyping is predicted to experience remarkable expansion in the coming years. Plant phenotyping is a quantitative elucidation of the physiological, biochemical, ontogenetic, and anatomical properties of a plant. Plant characteristics are classified with a high participation rate due to rapid advances in image analysis and the non-destructive branch of phenotyping. There are different variations of the worldwide plant phenotyping market based on product, site, platform or medium, level of automation, analytical system, and application. The team group is more segmented at the automation, platform, and site levels. In the platform subdivision, the drone subsegment dominates the region because it is not very labor-intensive.
The worldwide plant phenotyping market is influenced by several factors. One of them is the growing importance of sustainable agricultural production. This is done by using a better variety of crops for production. Apart from this, escalated investments to produce better yields and expansion of plant phenotyping, especially in developed regions, are also estimated to drive the overall expansion of the plant phenotyping market in the long term.
Close to 90% of all food crops in the world are grown from seeds broadly distributed in national and international business. Genetic material is also distributed and exchanged in the form of seeds in the framework of breeding programs. However, many plant pathogens can be transmitted through seeds, and seed distribution is a very effective means of spreading plant diseases. Under appropriate environmental conditions, seed-borne pathogens can be transmitted to cause disease in seedlings or developing plants. The pathogen attacks the germinating plant and affects the establishment of the plant, along with others, the symptoms of the disease are visible only at a later stage of expansion. With the escalating number of seed diseases affecting crop productivity, it has become necessary to adopt techniques such as plant phenotyping to eliminate them and better propagate disease-free plant varieties. Therefore, the market is highly fueled by the epidemic of plant diseases in cereals, fruits, vegetables, oilseeds, and other crops around the world.
The main factors that are holding back the expansion of the market are the lack of technical and conceptual knowledge of the market, the lower adoption in emerging economies due to the scarcity of financing, and the lower presence of actors for the phenotyping of products and/or services.
Apart from this, the lack of conceptual and technical knowledge of plant phenotyping and its positive impact on growing regions can also hamper future market expansion. However, escalated research and development strategies and the exciting opportunities this development offers are likely to stimulate the expansion of plant phenotyping on the market. Furthermore, the introduction of remote sensing tools may also offer exciting expansion opportunities, especially for field phenotyping using remote sensing tools, which could be a positive factor for the expansion of the market in the near future.
The low uptake of phenotyping from plants in developing countries can act as a drag. Funding risk is limited due to the presence of fewer players in developing regions and, therefore, may adversely affect the plant phenotyping market during the foreseen period.
Coronavirus is the biggest public health crisis of the 21st century to date. Policies and programs aimed at containing COVID-19 have also had massive secondary economic and social effects around the world. The endemic has affected millions of lives around the world. Initially, all the countries of the world announced the blockade for a month, which seriously affected trade in agricultural products. Rice seed manufacturing companies face a shortage of raw materials due to supply chain and transportation disruptions. Farmers also encountered difficulties with the rice harvest due to a lack of labor during the lockdown period. Then, after the government authorized trade in essential and agriculture-related products, it normalized the expansion of the world rice seed market.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2032 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2032 |
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CAGR |
11.14% |
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Segments Covered |
By Product, Equipment and Region. |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
LemnaTec (Germany), CropDesign - BASF SE (Germany), Heinz Walz (Germany), Photon Systems Instruments (Czech Republic), Qubit Systems (Canada), and KeyGene (Netherlands). Some other key players in the market are Delta-T Devices (UK), Phenospex (Netherlands), WPS (Netherlands), Rothamsted Research (UK), The Vienna Biocenter Core Facilities (Austria), and Phenomix (France) and Others. |
Of these, the European region is expected to dominate the rest of the regions. This is due to the presence of powerful players in the region, which makes it easier to obtain income from the market. For this reason, it is further prophesied that the European region will continue to dominate the plant phenotyping market during the forecast period. Europe accounted for the majority of the plant phenotyping market in 2017; followed by North America and Asia-Pacific. In addition, the major players in the world market are located in the European region, making it the dominant market with efficient phenotyping research and services compared to other regions.
The global plant phenotyping market is dominated by key players such as LemnaTec (Germany), CropDesign - BASF SE (Germany), Heinz Walz (Germany), Photon Systems Instruments (Czech Republic), Qubit Systems (Canada), and KeyGene (Netherlands). Some other key players in the market are Delta-T Devices (UK), Phenospex (Netherlands), WPS (Netherlands), Rothamsted Research (UK), The Vienna Biocenter Core Facilities (Austria), and Phenomix (France).
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