Global Plant Genotyping Equipment Market

Plant Genotyping Equipment Market Size, Share, Growth Analysis, By By Equipment(SNP Genotyping Equipment, Real-time PCR Instrument), By By End-Use(Greenhouse, Field) - Industry Forecast 2024-2031


Report ID: SQMIG20I2233 | Region: Global | Published Date: February, 2024
Pages: 202 | Tables: 65 | Figures: 80

Plant Genotyping Equipment Market Dynamics

Drivers

Increasing Demand for High-Yielding Crop Varieties:

There is a developing international populace, which has brought about an improved demand for meals plants. Plant genotyping equipment enables researchers and breeders to expand excessive-yielding crop sorts with ideal traits along with ailment resistance, drought tolerance, and stepped forward nutritional content. This driving force is pushing the adoption of genotyping tools to boost up the breeding of advanced plant sorts to satisfy the rising demand for agricultural products.

Advancements in Genomic Technologies:

Rapid advancements in genomics technologies, including subsequent-technology sequencing (NGS) and excessive-throughput genotyping structures, have made genotyping extra low-priced, green, and correct. These technological advancements have increased the programs of plant genotyping, making it easier for researchers and agronomists to conduct huge-scale genotyping initiatives. As genotyping will become greater on hand and cost-effective, it drives the increase of the marketplace.

Restraints

High Initial Investment Costs:

Plant genotyping equipment may be pricey to purchase and keep. High-first-rate genotyping equipment, which include sequencers and genotyping arrays, regularly requires a large premature investment. Additionally, ongoing upkeep and operational charges can stress the budgets of studies institutions, plant breeding corporations, and agricultural businesses. The price barrier can be a big restraint for smaller gamers within the market.

Regulatory and Ethical Concerns:

The use of genotyping gadgets in plant research and breeding may additionally enhance moral worries related to genetically changed organisms (GMOs) and intellectual property rights. Regulatory bodies in numerous countries have mounted guidelines and regulations for the use of genetically changed crops that could affect the improvement and commercialization of genetically changed plant varieties. Ethical and regulatory challenges can sluggish down the adoption of genotyping technology, in particular in regions with stringent rules or public resistance to GMOs.

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FAQs

Plant Genotyping Equipment Market size was valued at USD 625.94 million in 2021 and is poised to grow from USD 687.28 million in 2022 to USD 1451.96 million by 2030, growing at a CAGR of 9.8% in the forecast period (2023-2030).

The plant genotyping equipment market capabilities a highly competitive panorama characterized with the aid of several key players striving for marketplace dominance. Some outstanding organizations in this zone consist of Illumina, Thermo Fisher Scientific, Eurofins Scientific, Qiagen, and Agilent Technologies. These enterprise leaders provide a wide variety of genotyping devices and services, making them principal members to the market's growth. Moreover, numerous emerging players and startups also are making their mark by means of that specialize in modern technology and answers to cater to the increasing call for plant genotyping. These businesses often focus on niche areas, including subsequent-generation sequencing structures and custom genotyping offerings. Collaborations and partnerships are commonplace in this market, with corporations becoming a member of forces to beautify their product offerings and expand their worldwide presence. Additionally, studies institutions and educational groups play a vital function in advancing genotyping technologies, frequently collaborating with industry leaders. As the importance of plant genotyping keeps growing in agriculture, plant breeding, and biotechnology, competition inside the market is expected to heighten, riding innovation and riding the improvement of extra green and value-effective genotyping answers. 'Illumina, Inc. (United States)', 'Thermo Fisher Scientific Inc. (United States)', 'Agilent Technologies, Inc. (United States)', 'LI-COR Biosciences (United States)', 'KeyGene (Netherlands)', 'LGC Limited (United Kingdom)', 'Eurofins Scientific (Luxembourg)', 'Beckman Coulter, Inc. (United States)', 'GENEWIZ (United States)', 'Qiagen N.V. (Germany)', 'PerkinElmer, Inc. (United States)', 'Fluidigm Corporation (United States)', 'DArT Pty Ltd (Australia)', 'Bio-Rad Laboratories, Inc. (United States)', 'Shimadzu Corporation (Japan)', 'BGI Group (China)', 'New England Biolabs, Inc. (United States)', 'Genotypic Technology Pvt Ltd (India)', 'TraitGenetics GmbH (Germany)', 'Genomic Services Laboratory (GSL), HudsonAlpha Institute for Biotechnology (United States)', 'Agdia, Inc. (United States)', 'KeySolutions (United States)', 'Douglas Scientific (United States)', 'Fios Genomics Ltd (United Kingdom)', 'DNeasy Plant Mini Kit (QIAGEN) (Germany)'

Rise in Precision Agriculture: Precision agriculture involves the usage of superior technology to optimize farming practices. In the context of plant genotyping, precision agriculture utilizes genotyping devices to accumulate facts about plant genetics, enabling farmers and researchers to make knowledgeable selections about crop selection, breeding, and control. This trend is driven with the aid of the growing need to maximize agricultural productiveness while minimizing aid inputs, including water and pesticides. As a result, there has been a growing call for a genotyping system which could provide correct and rapid genetic information for crop improvement and precision farming.

The international plant genotyping device market is analyzed based on its local presence, which incorporates North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America has traditionally been a dominant area in the worldwide plant genotyping gadget marketplace. The United States, in particular, has a properly-hooked up agricultural and biotechnology region, which drives the call for a superior plant genotyping system. The presence of main biotech corporations and studies institutions, combined with considerable investments in agriculture and genomics studies, has contributed to North America's dominance on this marketplace. Additionally, favorable government guidelines and projects aimed at enhancing crop yields and food safety have in addition inspired the adoption of genotyping technology inside the vicinity.

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Global Plant Genotyping Equipment Market

Product ID: SQMIG20I2233

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