Plant Genomics Market Size, Share, Analysis, Trends, Growth Report, 2030

Plant Genomics Industry Perspective:

The global plant genomics market size was estimated at 7.5 (USD Billion) in 2018 and is projected to be valued at 12 (USD Billion) by 2025 at a CAGR of 8.3%.

The report offers a valuation and analysis of the Plant Genomics Market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, restraints, sales estimates, opportunities, current & emerging trends, and industry-validated market figures. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on value (USD Billion).

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Plant Genomics Market: Growth Drivers

Plant genomics is the domain whose key objective is to sequence, describe, and study the gene composition, function, and structure as well as the network of a complete plant genome. Moreover, an array of applications of genomics in plant breeding & genetic resource preservation are a few of the methods that are catching the attention of professional researchers and this will steer the growth of the plant genomics market over the forecast period.

Our report also provides the current developments taking place in the industry along with the competitive moves & strategies adopted by the market players to expand their business. Let us discuss some of the reputed brands in the plant genomics industry.

NRGene

In the second week of January 2020, NRGene, a leading genomic big data organization, announced the launching of joint sequencing-based genotyping services referred to as ArrayMAGIC at the Plant & Animal Genome conference in San Diego, U.S. Sources have cited that the new service offering will give ultra-high-density SNP (single nucleotide polymorphism) genotyping services at low-costs. This, in turn, is expected to make the technology available for a gamut of applications in farming activities.

In August 2019, NRgene declared the introduction of DeNovoMax, an improved version of the flagship product DeNovoMAGIC. Reportedly, the key objective of launching DeNovoMax is to improve crop breeding as well as crop yield in agriculture. Sources cite that the new product is predicted to be offered to popular homozygote species including tomato, corn, wheat, cotton, tobacco, soybean, sunflower, and pepper.

Agilent Technologies

Agilent Technologies, a behemoth player in life sciences, diagnostics, & applied chemical industries, launched a new product in the last week of January 2020. The new product referred to as SureSelect XT HS2 DNA Kit is designed to offer solutions to the problems faced by researchers in the preparation of DNA sequencing libraries for their research activities in labs. Reports cite that the new product will help in reducing DNA sequencing costs for high throughput laboratories along with the removal of sample clutter due to the hopping of indexes from reads.

Based on type, the market is segmented into Genetic Engineering and Molecular Engineering.    Apparently, the molecular engineering segment is predicted to grow rapidly over 2019-2025 due to the acceptance of molecular plant engineering techniques across the countries like the U.S., the UK, France, Holland, and Germany.

On the basis of trait, the industry is segregated into Yield Improvement, Herbicide Tolerance, Disease Resistance, and Others. Furthermore, the herbicide tolerance segment is set to contribute majorly towards the overall market growth by 2025 due to the growing proportion of pest attacks & strict laws concerning the use of chemicals that can prove harmful to crops while destroying weeds.

Application-wise, the plant genomics industry is sectored into Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses, and Others. The cereals & Grains segment is anticipated to dominate the application landscape over the forecast period.

In terms of objective, the market for plant genomics is divided into Sequencing, Genotyping, Gene Expression, MAS, Extraction, Gene Expression, and GMO-trait Purity Testing.

Plant Genomics Market: Report Scope

Plant Genomics Market: Competitive Space

Key players profiled in the report include

• Agilent Technologies
• Illumina, Inc.
• Eurofins Scientific
• NRGene.

The global plant genomics market is segmented as follows:

By Type

• Molecular engineering

• Genetic engineering

By Trait

• Yield improvement

• Disease resistance

• Herbicide tolerance

• Others (insect resistance and abiotic stress tolerance)

By Objective

• Extraction

• Sequencing

• Genotyping

• Gene expression

• Marker-assisted selection (MAS)

• GMO-trait purity testing

By Application

• Cereals & grains

• Oilseeds & pulses

• Fruits & vegetables

• Others (sugar crops, ornamentals, and alfalfa)

By Region

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa