Micropropagation Market to Reach $3 Billion by 2027 - Arizton

According to the latest Arizton market research report, micropropagation market will grow at a CAGR of over 10% during 2022-2027and the market revenue to reach USD 3 billion by 2027. The development is generally in the form of shoot buds or shoots, which are further rooted for the completion of plantlets. Therefore, micropropagation plays a significant role in crop improvement, which will further expand the growth of the market in the upcoming years.
The demand for disease-free plants in the horticulture & agriculture sector, coupled with the innovations in cell culture technology, is expected to grow significantly. Therefore, the use of micropropagation in agriculture & horticulture industry is anticipated to increase during the forecast period.

During the pandemic, there was an increase in demand for organic fruits and vegetables grown at home using micropropagation. Building new labs with standard measurements, culture areas, and greenhouses is simple for large industries, but not for home growers. As a result, the growing interest in homegrown produce, as well as the expansion of the plant tissue culture market, are expected to drive the growth of the global micropropagation market during the forecast period.

Click Here to Download the Free Sample Report: https://www.arizton.com/request-sample/3413

The popularity of medicinal plants is on the rise as people diversify their interests in homegrown medicine plants. Hence, the increased demand for medicinal plants pushes the need for micropropagation. The demand for micropropagation is expected to surge further during the forecast period due to the popularity of medicinal plants in India, the US, and others. In recent years, tetrahydrocannabinol gained momentum in the field of medicine and food. Tissue culture clones contribute to the production of disease-free plants and the development of various technologies for genetic improvement. Therefore, the development of medicinal crop is essential in the plant tissue culture market, expanding the demand for the micropropagation of medicinal plants for various applications.
Globally, micropropagation products are widely used. The rising demand for micropropagation products prompts several new vendors to enter the market, and the competition among these vendors leads to the launch of several innovations and cutting-edge products. These businesses compete on a variety of fronts, including cost, dependability, accessibility, and branding. The most crucial elements for sellers to have an advantage over rival vendors are market price and quality.
To know more: https://www.arizton.com/market-reports/micropropagation-market
Crop Type:
• Banana
• Horticulture
• Medicinal Plant
• Agriculture and Vegetables
• Small Fruits
• Others
End-Users:
• Farmers
• Research Labs
• Others
Sales Channel
• Online
• Office
Container Type
• Test Tube & Petri Dishes
• Glass Bottles
• Plastic Containers
Geography
• North America
o US
o Canada
• Europe
o UK
o France
o Germany
o Netherlands
• APAC
o India
o Japan
o China
o Thailand
• Latin America
o Brazil
o Mexico
• Middle East and Africa
o Saudi Arabia
o South Africa
Major Vendors
• Rivers Biotech
• AgriForest Bio-Technolgies
• Booms Pharm
• Agristarts
• Caisson Labs
• Dark Heart Industries
Other Prominent Vendors
• PlantMedia
• Segra International
• Phytocultures
• Tissue Grown Corporation
• Knight Hollow Nursery
• Phytoclone
• Lifeasible
• Deroose Plants

ABOUT ARIZTON:  

Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services. 

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals, and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts. 

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports. 

Arizton Advisory and Intelligence
Call: +1-312-235-2040 
          +1 302 469 0707 

This release was published on openPR.