06-Jan-2022 | Zion Market Research
According to findings of Zion Market Research, Plant Phenotyping industry amassed earnings of about US$ 175.20 million in 2020 and is set to accrue profits of approximately US$ 375.32 million by 2028. Moreover, Plant Phenotyping market is slated to record CAGR of almost 11.01% in 2021-2028. Furthermore, expansion of plant phenotyping market over forecast timespan is due to growing demand for high crop yield. Surge in funding of plant phenotyping in emerging economies is a key to expansion of plant phenotyping industry. Additionally, surge in automation & breakthroughs in imaging sensors for high output will create lucrative growth avenues for plant phenotyping industry over ensuing years. Increase in seed borne diseases in plants has culminated into high demand for plant phenotyping in recent years. Ongoing research activities on determining high yielding crops & how to make crop yield more with least support from genetically modified systems can result in strong industry development. Rise in demand for plant breeding activities will lead to humungous rise in expansion of plant phenotyping market over assessment period.
Breeding Segment To Dominate Application Landscape By 2028
Growth of breeding segment over forecast period is subject to massive demand for breeding of plants to get huge crop yield. Apparently, launching of new plant phenotyping methods for plant breeding has culminated into rapid expansion of breeding segment.
Europe To Contribute Humungously Towards Regional Market Size Over 2021-2028
Expansion of plant phenotyping market in Europe over projected timeline can be credited to huge presence of giant industry participants in countries such as the UK, France, Germany, Denmark, Sweden, Norway, Holland, and Belgium.
Key players influencing market growth and profiled in report include are BASF SE, Rothamsted Research, KeyGene N.V., Phenospex, Qubit Systems, LemnaTec GmbH, The Vienna Biocenter Core Facilities, Photon Systems Instruments, Delta-T Devices, WPS Office, Heinz Walz GmbH, and Phenomix Corporation.
Browse the full "Plant Phenotyping Market- By Product (Equipment, Software, And Sensors), By Application (Plant Research, Breeding, Product Development, And Quality Assessments), And By Region- Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021 – 2028" Report At https://www.zionmarketresearch.com/report/plant-phenotyping-market
The global Plant Phenotyping Market is segmented as follows:
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