Global Plant Genotyping Equipment Market Overview
Plant genotyping is the process to determine the difference in the genetic make-up in an individual (Plants). It also examines the DNA sequence by using different biological assay and compares the individuals DNA sequence and genetic make- up with the reference or with the standard sequence. With regard to the comparison of plant material in a set of multi-environmental yield trials, the term genotype refers the cultivar to determine the sequence of individuals genetic make-up. The aim of genotyping is to identify the differences in genetic comprehension by analyzing the DNA sequence with sample or reference. The testing of DNA in plant tissues is an important process in various fields of agricultural research, including crop trait development and seed quality control. Cultivators can use genetic screening tools to detect whether the THCA synthase gene and/or the CBDA synthase gene is present in a plant. To get plant DNA, this is usually achieved by grinding the tissue in dry ice or liquid nitrogen with a mortar and Pestel or a food grinder. The global plant genotyping equipment market accounted for US$ 554.94 million in 2020 and is estimated to be US$ 1465.8 million by 2030 and is anticipated to register a CAGR of 10.2%.
Global Plant Genotyping Equipment Market Drivers & Restraints
Rising technological advancement
Technological advancements in the plant genotyping equipment ensure strong market growth. Additionally, the rise in the demand for the improvement and development in the variety of crops is the propelling factor for the growth of the target market. Moreover, genomics cost-effectiveness is another factor in the growth of the global market. Nevertheless, growth in emerging economies providing huge scope for market development can create numerous opportunities for the growth of the target market. Besides this, the rising opportunities for using novel DNA sequencing technologies fuel the growth of the target market.
However, the less usage of automated instruments because of the high cost of equipment is the restraining factor for the growth of the target market. Furthermore, the cost of infrastructure is also high which the hampering factor for the growth of the global market.
Global Plant Genotyping Equipment Market Segmentations & Regional Insights
The global plant genotyping equipment market is segmented based on application, end user, and region.
Based on application, the global plant genotyping equipment market is segmented into the plant research application, breeding application, product development application, and quality assessment application. Based on end-user, the target market is bifurcated into greenhouse, field, and laboratory.
Regional Insights:
The global plant genotyping equipment market accounted for US$ 554.94 million in 2020 and is estimated to be US$ 1465.8 million by 2030 and is anticipated to register a CAGR of 10.2%. On region the global plant genotyping equipment market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia- Pacific region accounts highest revenue share to the global plant genotyping equipment market due to growing demand for the laboratory testings. North America region anticipated the growth of the target market due to increasing demand for the plant genotyping equipment over the forecast period.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Billion & CAGR from 2020 – 2030 |
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Market Segmentation |
By Application– Plant research, Breeding, Product Development, and Quality Assessment By End User- Greenhouse, Field, and Laboratory |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global plant genotyping equipment market report based on application, end user and region.
Global Plant Genotyping Equipment Market, By Region:
- North America
- Canada
- U.S.
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
Global Plant Genotyping Equipment Market Competitive Landscape & Key Players
The key players operating the global plant genotyping equipment market involves Illumina, Inc., LGC Limited, Evogene Ltd., Neogen Corporation, Agilent Technologies, Traitgenetics GmbH, Novogene Corporation, Genotypic Technologies, Eurofins Scientific, and LC Sciences. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the applications to gain a competitive edge in the target market. For instance, in 2019, NRGene signed a partnership agreement with BGI (Global Genomic Organization, in China).
Global Plant Genotyping Equipment Market Company Profile
- Illumina, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- LGC Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Evogene Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Neogen Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Agilent Technologies
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Traitgenetics GmbH
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Novogene Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Genotypic Technologies
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Eurofins Scientific
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- LC Sciences
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Plant Genotyping Equipment Market Highlights
FAQs
The global plant genotyping equipment market is segmented based on application, end user and region.
Technological advancements in the plant genotyping equipment ensure strong market growth.
The market in Asia- Pacific region accounts highest revenue share to the global plant genotyping equipment.
The key players operating the global plant genotyping equipment market involves Illumina, Inc., LGC Limited, Evogene Ltd., Neogen Corporation, Agilent Technologies, Traitgenetics GmbH, Novogene Corporation, Genotypic Technologies, Eurofins Scientific, and LC Sciences.