Global Plant Genomics Market Predicted to grow at a CAGR of 8.3% to surpass USD 12 billion by 2025

Global Plant Genomics Market
Global Plant Genomics Market

The global plant genomics market was valued at USD 7.5 billion in 2019 and is anticipated to reach USD 12 billion by 2025, a CAGR of 8.3%. The report provides a valuation and analysis of the global and regional Plant Genomics Market.

The study provides a thorough analysis of the industry’s competition, restraints, sales projections, opportunities, current and emerging trends, and industry-validated market figures. The report provides historical data from 2016 to 2018 along with a value-based forecast for 2019 to 2025. (USD Billion).

Read Global Plant Genomics Market Report: https://www.zionmarketresearch.com/report/plant-genomics-market

Key Growth Factors of Plant Genomics Market

The primary objective of plant genomics is to sequence, describe, and study the gene composition, function, structure, and network of an entire plant genome. In addition, a variety of genomics applications in plant breeding and genetic resource preservation are attracting the interest of professional researchers, and this will drive the growth of the plant genomics market over the forecast period.

Our report also details the current developments occurring in the industry as well as the competitive moves and business expansion strategies adopted by market participants. Let’s talk about some reputable brands in the plant genomics market.

NRGene

At the Plant & Animal Genome conference in San Diego, California, in the second week of January 2020, NRGene, a leading genomic big data organisation, announced the launch of joint sequencing-based genotyping services known as ArrayMAGIC. According to credible sources, the new service offering will provide ultra-high-density SNP (single nucleotide polymorphism) genotyping services at a low price. This, in turn, is anticipated to make the technology available for a wide range of agricultural applications.

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In August of 2019, NRgene announced the launch of DeNovoMax, an enhanced version of its flagship product DeNovoMAGIC. According to reports, the primary goal of launching DeNovoMax is to improve crop breeding and crop yield in agriculture.

The new product is expected to be made available to popular homozygote species, such as tomato, corn, wheat, cotton, tobacco, soybean, sunflower, and pepper, according to various sources.

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)

Agilent Technologies

In the last week of January 2020, Agilent Technologies, a behemoth in the life sciences, diagnostics, and applied chemical industries, introduced a new product. The new SureSelect XT HS2 DNA Kit is intended to provide solutions to the problems encountered by researchers in the preparation of DNA sequencing libraries for their laboratory research.

According to reports, the new product will reduce the cost of DNA sequencing in high throughput laboratories and eliminate sample clutter caused by the hopping of indexes from reads.

The market is segmented based on type into Genetic Engineering and Molecular Engineering.

Due to the acceptance of molecular plant engineering techniques in countries such as the United States, the United Kingdom, France, the Netherlands, and Germany, the molecular engineering segment is predicted to grow rapidly from 2019 to 2025.

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The industry is subdivided based on trait into Yield Improvement, Herbicide Tolerance, Disease Resistance, and Others.

Key players profiled in the report include Agilent Technologies, Illumina, Inc., Eurofins Scientific, and NRGene

In addition, the herbicide tolerance segment is anticipated to contribute significantly to the overall market growth by 2025, owing to the increasing proportion of pest attacks and the strict laws governing the use of chemicals that can be harmful to crops while eliminating weeds.

The plant genomics market is segmented by application into Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses, and Others. During the forecast period, the Cereals & Grains segment is anticipated to dominate the application landscape.

The plant genomics market is divided into Sequencing, Genotyping, Gene Expression, MAS, Extraction, Gene Expression, and GMO-trait Purity Testing based on the objective.

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