Plant Genotyping Equipment Market

Market Overview:

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. The rising demand for high yielding crops, increasing need to improve the tolerance and adaptability of plants, and the thriving agriculture industry represent some of the key factors driving the market.

Plant genotyping is the process of identifying the differences in genetic comprehension by analyzing the deoxyribonucleic acid (DNA) sequence with a sample or reference. It relies on next-generation sequencing (NGS) technology to develop plants with high nutritional content and resistance to illnesses and environmental stress. It assists in studying the diversity and evolution of different species, germplasm characterization and seed purity, and marker-assisted selection (MAS). It is used in various fields of agricultural research, such as crop trait development and seed quality control. It can be achieved through various equipment, such as single nucleotide polymorphism (SNP) genotyping equipment, real-time polymerase chain reaction (PCR) instruments, DNA analyzer, and liquid handler. Plant genotyping equipment is used to analyze, identify, and assess genetic markers in the plant. It also promotes crop yield by changing or integrating the genes of plants at the molecular level and during the breeding process.

Plant Genotyping Equipment Market Trends:

At present, there is a rise in the demand for high-yielding crops due to the growing population across the globe. This, along with the thriving agriculture industry, represents one of the key factors supporting the growth of the market. Moreover, the increasing need to improve the tolerance and adaptability of plants to various adverse environments for assuring stable and higher crop production is propelling the growth of the market. Besides this, the growing demand for plant genotyping equipment to understand the genetic characteristics associated with complex plant traits and the effects of various environmental factors on these traits is positively influencing the market. In addition, there is an increase in the utilization of plant genotyping equipment to identify variants associated with desired phenotypic traits around the world. This, coupled with the rising adoption of modern farming practices, is offering lucrative growth opportunities to industry investors. Apart from this, the escalating demand for plant genotyping equipment to understand the genotype behavior of plants, such as yield, tolerance, and resistance against biotic and abiotic stress, is strengthening the growth of the market. Additionally, the growing demand for SNP genotyping equipment and quantitative trait locus (QTL) for enhancing various plant characteristics, such as high pest resistance, more yield, and improved stress tolerance, is offering a favorable market outlook.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global plant genotyping equipment market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on equipment, application and end use.

Equipment Insights:

• SNP Genotyping Equipment
• Real-time PCR Instrument
• DNA Analyzer
• Liquid Handler
• Others
   

The report has provided a detailed breakup and analysis of the plant genotyping equipment market based on the equipment type. This includes SNP genotyping equipment, real-time PCR instrument, DNA analyzer, liquid handler, and others. According to the report, SNP genotyping equipment represented the largest segment.

Application Insights:

• Plant Research
• Breeding
• Product Development
• Quality Assessment
   

A detailed breakup and analysis of the plant genotyping equipment market based on the application has also been provided in the report. This includes plant research, breeding, product development, and quality assessment. According to the report, breeding accounted for the largest market share.

End Use Insights:

• Greenhouse
• Field
• Laboratory
   

A detailed breakup and analysis of the plant genotyping equipment market based on the end use has also been provided in the report. This includes greenhouse, field, and laboratory. According to the report, laboratory accounted for the largest market share.

Regional Insights:

• 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
   

The report has also provided a comprehensive analysis of all the major regional markets, which include 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. According to the report, Europe was the largest market for plant genotyping equipment. Some of the factors driving the Europe plant genotyping equipment market included the growing research and development (R&D) activities in agriculture, development of advanced plant genotyping equipment, increasing food security concerns, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global plant genotyping equipment market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include 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, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the plant genotyping equipment market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global plant genotyping equipment market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the plant genotyping equipment industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.