The global plant genotyping equipment market size reached US$ 686 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,203 Million by 2028, exhibiting a growth rate (CAGR) of 9.9% during 2023-2028.
Plant genotyping is a process of mapping genes, metabolic pathways, and the genetic constitution of plants. It is carried out using different types of equipment, including a real-time polymerase chain reaction (PCR) instrument, deoxyribonucleic (DNA) analyzer, single nucleotide polymorphisms (SNP) genotyping equipment, and liquid handler. These instruments help to study marker-assisted selection (MAS), diversity and evolution of different species, germplasm characterization, and seed purity. As a result, plant genotyping equipment is widely adopted in fields, greenhouses, and laboratories across the globe.
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Plant Genotyping Equipment Market Trends and Drivers:
The market is primarily driven by the rising demand for agricultural products due to the growing population worldwide. In addition, rapid urbanization, increasing expenditure capacities of individuals, changing dietary preferences, and lack of arable land are contributing to market growth.
Moreover, various technological advancements in the plant genotyping process, such as the emergence of next-generation DNA sequencing and genotyping-by-sequencing (GBS), represents another major-growth inducing factor. Besides this, the increasing dependency on agricultural imports, growing food security concerns, and extensive application of modern farming practices are providing a positive thrust to market growth. The market is further propelled by the various government initiatives to support agricultural research and development (R&D) activities.
Furthermore, the growing popularity of the market-assisted selection (MAS) tool to accelerate crop improvement and plant breeding to improve crop yield, quality, and tolerance to abiotic and biotic stresses is also creating a favorable market outlook across the globe.
Global Plant Genotyping Equipment Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Agilent Technologies Inc., BGI Genomics, Eurofins Scientific, Evogene Ltd., Illumina Inc., LGC Biosearch Technologies, Merck KgaA, Oxford Nanopore Technologies Limited, PerkinElmer Inc., Promega Corporation, Thermo Fisher Scientific.
The report has segmented the market on the basis of region, equipment, application and end use.
Breakup by Equipment:
SNP Genotyping Equipment
Real-time PCR Instrument
DNA Analyzer
Liquid Handler
Others
Breakup by Application:
Plant Research
Breeding
Product Development
Quality Assessment
Breakup by End Use:
Greenhouse
Field
Laboratory
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
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