Global Plant Genotyping Equipment Market to Reach US$ 1,565.6 Million by 2032, Impelled by Scarce Availability of Arable Lands

March 25, 2022 | Agriculture

According to the latest report by IMARC Group, titled "Plant Genotyping Equipment Market Report by Equipment (SNP Genotyping Equipment, Real-time PCR Instrument, DNA Analyzer, Liquid Handler, and Others), Application (Plant Research, Breeding, Product Development, Quality Assessment), End Use (Greenhouse, Field, Laboratory), and Region 2024-2032," the global plant genotyping equipment market reached a value of US$ 754.5 Million in 2023. Plant genotyping equipment refers to the tool that is generally used for deoxyribonucleic acid (DNA) testing in plants and extracting high-quality DNA from the root, seed and leaf for reproducible DNA analysis. It is a vital process in the field of agricultural research that aid in studying seed quality control, plant genetics and crop trait development and improvement programs. Along with this, it is also adopted for determining phenotype differences in plants as well as identifying relationships between individuals. Some of the common plant genotyping equipment that is utilized by scientific researchers include next-generation sequencing (NGS) methods and genotyping by sequencing (GBS).

Global Plant Genotyping Equipment Market Trends:

The global market is primarily driven by significant growth in biotechnology. Along with this, increasing investments by private and public agencies to upgrade the existing biotechnology infrastructure is providing a boost to the product demand. Moreover, continual technological advancements, such as the introduction of molecular markers and diversity array technologies, are creating a positive outlook for the market. Also, the widespread adoption of innovative farming practices is, in turn, fueling the sales of plant genotyping equipment. Furthermore, the escalating demand for agricultural products is acting as another growth-inducing factor. This is impelled by the changing dietary preferences, along with the scarce availability of arable lands, which is representing a major factor propelling the product demand across the globe. Other factors, including the increasing global population and the rising funding activities for conducting extensive research and development (R&D) activities in life sciences and nanotechnology for developing sophisticated sequencing tools, are further contributing to the market growth. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 1,565.6 Million by 2032, growing at a CAGR of 8.2% during 2024-2032.

Market Summary: 

  • On the basis of the equipment, the market has been segmented into SNP genotyping equipment, real-time PCR instrument, DNA analyzer, liquid handler and others.
  • Based on the application, the market has been segregated into plant research, breeding, product development and quality assessment.
  • On the basis of the end-use, the market has been classified into greenhouse, field and laboratory.
  • Based on the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa. 
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players are Agilent Technologies Inc., BGI Genomics, Eurofins Scientific, Evogene Ltd., Illumina Inc., LGC Biosearch Technologies, Merck KgaA, Oxford Nanopore Technologies Limited, PerkinElmer Inc., Promega Corporation and Thermo Fisher Scientific.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Equipment, Application, End Use, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Agilent Technologies Inc., BGI Genomics, Eurofins Scientific, Evogene Ltd., Illumina Inc., LGC Biosearch Technologies, Merck KgaA, Oxford Nanopore Technologies Limited, PerkinElmer Inc., Promega Corporation and Thermo Fisher Scientific.
Customization Scope 10% Free Customization
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Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Plant Genotyping Equipment Market to Reach US$ 1,565.6 Million by 2032, Impelled by Scarce Availability of Arable Lands
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