The plant genomics market is estimated to account for a value of USD 7.3 billion in 2019 and
is projected to grow at a CAGR of 8.3% from 2019, to reach a value of USD 11.7
billion by 2025. The increasing application of genomics in plant breeding and
conservation of genetic resources are techniques that are gaining the attention
of many researchers globally and are driving the growth of the market.
The molecular
engineering segment is estimated to witness the fastest growth in the plant
genomics market, in terms of value, from 2019 to 2025
Molecular
engineering is the process of improving the genotypic characteristics of plants
through the application of molecular markers. Plant molecular engineering is
the process of modification of plant material or plants for the production of
novel compounds or to improve the efficiency of beneficial products. The
benefits associated with molecular engineering technologies are the major
factors contributing to the fastest growth of this market, globally.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=239362357
The demand for healthy cereals & grains has created
opportunities for seed manufacturers to adopt modern plant sequencing techniques
The
growth in the adoption of various molecular breeding types, such as molecular
engineering and genetic engineering tools, would increase the performance of
crops to gain better prices in the market. The focus of the plant breeders and
plant sequencing companies is on cereals and grains because they are the staple
diet of the population in almost all the regions, and as the population of the
world is increasing, so is the demand for the staple food. Among cereals &
grains, rice, wheat, and corn are majorly bred using plant breeding &
sequencing techniques, to develop high-performing varieties. Rice, along with
wheat and corn, underpins the global food supply.
The increasing demand for improved varieties in plants in the Asia
Pacific region is driving the growth of the plant genomics market.
The
key players in various countries of the Asia Pacific region are focusing on
directing their investments toward biotechnology research on food crops and
crops of high commercial value to cater to the increasing food requirements and
to reduce poverty, particularly among resource-poor farming households. With
the adoption of modern plant breeding techniques, new crop cultivars can be
developed to ensure high crop productivity. Also, key strategies such as the adoption
of advanced plant technology by the leading players in the Asia Pacific region
ensure food security globally among the end-users. Also, the government in
various countries of the region are encouraging companies to adopt these
methods by investing in R&D of agricultural biotechnology.
This
report includes a study on the marketing and development strategies, along with
a study on the product portfolios of the leading companies operating in the
plant genomics market. It includes the profiles of leading companies such as
Eurofins Scientific (Luxembourg), Illumina, Inc. (US), NRGene (Israel), Neogen
Corporation (US), Qiagen (Germany), Agilent Technologies (US), KeyGene
(Netherlands), LC Sciences (US), Traitgenetics GmbH (Germany), Novogene
Corporation (China), Oxford Nanopore Technologies (UK), Genewiz (US), BGI
Genomics (China), Genotypic Technologies (India), and Floragenex (US).
Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=239362357
Key questions addressed by the report:
·
What are the new application areas that the companies are
exploring for the market?
·
Who are some of the key players operating in the market and how
intense is the competition?
·
What kind of competitors and stakeholders would be interested in
this market? What will be their go-to-market strategy, and which emerging
market will be of significant interest?
·
How are the current R&D activities and M&A’s in the plant
genomics market projected to create a disrupting environment in the coming
years?
·
What will be the level of impact of new product launches on the
revenues of stakeholders, due to the benefits offered by plant genomics, in
terms of revenue growth, environmental regulatory compliance, and sustainable
profits for the suppliers?
Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr.
Shelly Singh
Email: Send Email
Phone: 1-888-600-6441
Address:630
Dundee Road Suite 430
City: Northbrook
State: IL
