31-Jan-2020 | Zion Market Research
As per Zion Market Research, the global plant genomics market in 2019 was valued at USD 7.5 billion in 2019 is predicted to grow at a CAGR of 8.3% to surpass USD 12 billion by 2025. The conservation of genetic resources and rising application of genomics in plant breeding are methods that are getting the focus of many researchers all over the world and are boosting the development of the market. The major players in the global plant genomics market comprise Illumina, Inc., Eurofins Scientific, Agilent Technologies, and NRGene.
Molecular Engineering Segment Expected To Be The Quickest-Developing Segment During The Forecast Period In The Plant Genomics Market
The molecular engineering section in the plant genomics market is expected to be the quickest-developing section. MAS (marker-assisted selection) is the most extensively adopted procedure in molecular breeding by major breeding bodies, primarily for crop applications. Molecular plant engineering techs have been adopted rapidly by developed nations such as France, the US, the Netherlands, Germany, and the UK, which mutually have a higher rate of adoption. This indicates that this tech has immense developmental potential in developing nations on a commercial scale.
Herbicide Tolerance Segment Expected To Be The Leading Segment During The Forecast Period In The Plant Genomics Market
The herbicide tolerance section is expected to hold the biggest share of the global plant genomics market in the years to come, as per industry experts from Zion Market Research. Herbicide tolerance and disease resistance are traits that have been on demand, due to the rising example of regulations against crop protection chemicals and early germination pest attacks.
Rising Demand For Enhanced Varieties In Plants To Boost The Development Plant Genomics Market In The Asia Pacific Region
The major players in different nations of the Asia Pacific area are aiming on squarely their investments toward R&D in biotechnology on crops of high commercial value and food crops to lower poverty and to cater to the rising food demand, specifically among resource-deprived farming households. With the acceptance of modern plant breeding methods, new cultivars of crop can be designed to make sure high productivity of crop. In addition to this, major strategies such as the adoption of enhanced plant tech in the Asia Pacific region by the leading contenders guarantee food security all over the world amongst the end-users. Moreover, the governments in different nations of the area are encouraging firms to adopt these techniques by spending in agricultural biotechnology R&D.
This review is based on a report by Zion Market Research, titled “Plant Genomics Market by Type (Genetic Engineering and Molecular Engineering), Objective (Sequencing, Extraction, Gene Expression, Genotyping, GMO-trait Purity Testing, and MAS), Trait, Application, and Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025” report at https://www.zionmarketresearch.com/report/plant-genomics-market
The global plant genomics market is segmented as follows:
Others (insect resistance and abiotic stress tolerance)
Marker-assisted selection (MAS)
GMO-trait purity testing
Cereals & grains
Oilseeds & pulses
Fruits & vegetables
Others (sugar crops, ornamentals, and alfalfa)
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