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Global Plant Genomics Industry: Key Statistics and Insights in 2024-2032
Summary:
- The global plant genomics market size reached USD 10.0 Billion in 2023.
- The market is expected to reach USD 17.7 Billion by 2032, exhibiting a growth rate (CAGR) of 6.33% during 2024-2032.
- Asia Pacific leads the market, accounting for the largest plant genomics market share.
- Advancements in genomic technologies, such as NGS and CRISPR-Cas9, are propelling growth in the genetic testing market.
- The emphasis on enhancing crop yields, disease resistance, and stress tolerance is increasing the demand for genomic analysis in crop breeding.
- The application of molecular breeding techniques, including marker-assisted selection (MAS) and genomic selection, is contributing significantly to market growth in agriculture.
- Genetic engineering, which enables scientists to precisely alter the genetic makeup of plants, is the leading segment in the market.
- DNA/RNA sequencing, known for its high-throughput capabilities, dominates the landscape by allowing researchers to efficiently generate large volumes of sequencing data.
Industry Trends and Drivers:
- Advancements in Genomic Technologies:
Innovations in genomic technologies, such as next-generation sequencing (NGS) and CRISPR-Cas9 gene editing, support market growth. These advanced tools allow researchers to explore plant genomes, separating complex genetic traits and markers for crop improvement. These technologies speed up breeding programs and help develop resilient, high-yielding crops by enabling thorough genome analysis and precise gene editing. Additionally, the integration of bioinformatics improves data analysis and interpretation and enhances research outcomes. The accessibility and affordability of these genomic tools encourage innovation and collaboration within the scientific community.
- Rising Focus on Crop Improvement and Breeding:
The growing focus on crop improvement and breeding boosts market growth. Breeders are developing crop varieties with better traits, such as higher yield, disease resistance, and stress tolerance, which require thorough genomic analysis. Plant genomics helps identify genetic markers linked to desirable traits, making targeted breeding efforts easier. This approach streamlines the selection process and speeds up the development of improved cultivars suited to specific environmental conditions. The use of genomic technologies in breeding programs increases efficiency and precision, driving market growth.
- Increasing Adoption of Molecular Breeding Techniques:
The rising use of molecular breeding techniques, including marker-assisted selection (MAS) and genomic selection, supports market growth in agriculture. These techniques use genomic information to guide breeding decisions, allowing breeders to select plants with desired traits at the molecular level. Molecular breeding speeds up the breeding process, cutting down the time and resources needed to develop improved crop varieties by facilitating the identification and use of genetic markers linked to target traits. Moreover, the integration of genomic data into breeding programs boosts breeding efficiency and precision, leading to the fast development of elite cultivars with superior agronomic traits.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/plant-genomics-market/requestsample
Plant Genomics Market Report Segmentation:
By Type:
- Molecular Engineering
- Genetic Engineering
- Genome Editing
- Others
Genetic engineering represents the largest segment, which can be accredited to its ability to allow scientists to precisely modify the genetic makeup of plants.
By Technology:
- DNA/RNA Sequencing
- Genotyping
- Marker-Assisted Selection (MAS)
- Bioinformatics
- Others
DNA/RNA sequencing holds the biggest market share as it offers high-throughput sequencing and enables researchers to generate large volumes of sequencing data quickly.
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Asia Pacific enjoys a leading position in the plant genomics market, which can be attributed to the agro-climatic conditions favorable for cultivating a wide variety of crops.
Top Plant Genomics Market Leaders:
The plant genomics market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:
- Agilent Technologies Inc.
- BGI Genomics
- Eurofins Scientific SE
- Floragenex Inc.
- GENEWIZ Inc. (Azenta Inc.)
- Illumina Inc.
- Keygene N.V.
- LC Sciences
- Neogen Corporation
- Novogene Co. Ltd.
- NRGene Technologies Ltd.
- Oxford Nanopore Technologies plc
- Qiagen N.V.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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