Plant Genomics Market Size, Demand And Growth Opportunity 2024-2032

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Global Plant Genomics Industry: Key Statistics and Insights in 2024-2032

Summary:

• The global plant genomics market size reached USD 10.0 Billion in 2023.
• The market is expected to reach USD 17.7 Billion by 2032, exhibiting a growth rate (CAGR) of 6.33% during 2024-2032.
• Asia Pacific leads the market, accounting for the largest plant genomics market share.
• Advancements in genomic technologies like NGS and CRISPR-Cas9 are driving growth in the genetic testing market.
• The focus on improving crop yields, disease resistance, and stress tolerance is driving the demand for genomic analysis in crop breeding.
• The use of molecular breeding techniques like MAS and genomic selection in agriculture is driving market growth.
• Genetic engineering, which allows scientists to precisely modify the genetic makeup of plants, is the dominant segment in the market.
• DNA/RNA sequencing, with its high-throughput capabilities, dominates the market by enabling researchers to generate large amounts of sequencing data efficiently.

Industry Trends and Drivers:

• Advancements in Genomic Technologies:

Innovations in genomic technologies, such as next-generation sequencing (NGS) and CRISPR-Cas9 gene editing, are supporting the market growth. These advanced tools allow researchers to delve deeper into plant genomes, separating complex genetic traits and markers for crop improvement. These technologies accelerate breeding programs and facilitate the development of resilient and high-yielding crops by enabling comprehensive genome analysis and precise gene editing. Moreover, the integration of bioinformatics enhances data analysis and interpretation and improves research outcomes. Furthermore, the accessibility and affordability of these genomic tools foster innovation and collaboration within the scientific community.

• Rising Focus on Crop Improvement and Breeding:

The increasing focus on crop improvement and breeding is contributing to the growth of the market. Breeders are developing crop varieties with enhanced traits, such as yield, disease resistance, and stress tolerance, necessitating comprehensive genomic analysis. Plant genomics enables the identification of genetic markers associated with desirable traits, facilitating targeted breeding efforts. This approach streamlines the selection process, expediting the development of improved cultivars tailored as per specific environmental conditions. The integration of genomic technologies into breeding programs enhances efficiency and precision, which is impelling the market growth.

• Increasing Adoption of Molecular Breeding Techniques:

The rising employment of molecular breeding techniques, including marker-assisted selection (MAS) and genomic selection, in the agricultural sector is supporting the market growth. These techniques leverage genomic information to inform breeding decisions, enabling breeders to select plants with desired traits at the molecular level. Molecular breeding accelerates the breeding process, reducing the time and resources required to develop improved crop varieties by facilitating the identification and utilization of genetic markers linked to target traits. Furthermore, the integration of genomic data into breeding programs enhances breeding efficiency and precision, resulting in the rapid development of elite cultivars with superior agronomic traits.

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Plant Genomics Market Report Segmentation:

By Type:

• Molecular Engineering
• Genetic Engineering
• Genome Editing
• Others

Genetic engineering represents the largest segment, which can be accredited to its ability to allow scientists to precisely modify the genetic makeup of plants.

By Technology:

• DNA/RNA Sequencing
• Genotyping
• Marker-Assisted Selection (MAS)
• Bioinformatics
• Others

DNA/RNA sequencing holds the biggest market share as it offers high-throughput sequencing and enables researchers to generate large volumes of sequencing data quickly.

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

Asia Pacific enjoys a leading position in the plant genomics market, which can be attributed to the agro-climatic conditions favorable for cultivating a wide variety of crops.

Top Plant Genomics Market Leaders:

The plant genomics market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

• Agilent Technologies Inc.
• BGI Genomics
• Eurofins Scientific SE
• Floragenex Inc.
• GENEWIZ Inc. (Azenta Inc.)
• Illumina Inc.
• Keygene N.V.
• LC Sciences
• Neogen Corporation
• Novogene Co. Ltd.
• NRGene Technologies Ltd.
• Oxford Nanopore Technologies plc
• Qiagen N.V.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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