Plant Tissue Culture Market | 2024 to 2030 Growth Rate: 8.5%

The growth of the global plant tissue culture market is attributed to high demand for disease free plants, hybrid plants and others and is also expected to offer significant growth opportunities for the market during the forecast period.

According to the report published by Allied Market Research, the global plant tissue culture market generated $382.30 million in 2020, and is expected to reach $895.00 million by 2030, exhibiting a CAGR of 8.5% from 2021 to 2030. The study analyzes the important strategies, drivers, competition, market dynamics, size, and important investment regions.

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Increase in the adoption of improved crop varieties and rise in demand for vegetables and fruits propel the global plant tissue culture market. On the other hand, poor demand in underdeveloped countries hinders the market growth. On the contrary, high growth potential in developing countries is expected to create lucrative opportunities for the market players.

Impact of COVID-19 Pandemic on Plant Tissue Culture Market-

The COVID-19 pandemic has impacted numerous agrosystems and associated livelihoods across the globe, with continued and knock-on effects anticipated in the coming months and years. Furthermore, the pandemic hit just as harvest activities were beginning. Impacts were felt all along the value chain, from farmer to buyer. Many migrant workers returned home to their native places, leading to major losses in the field. The labor shortage also impeded the production of millions of virus-free tissue culture plants needed for the next season, compacted by transport restrictions that halted the delivery of planting material, threatening next year's yield. However, after opening of lockdowns, the COVID-19 crisis is expected to have a significant positive impact on the growth of the plant tissue culture market across the globe.

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Depending on plant type, the annual plants segment led the market in 2020, and is anticipated to maintain its lead during the forecast period, due to its rapid growing nature which develop more vigorous plants, and ultimately save money and increase revenue are expected to propel the growth of this segment.

Based on region, Asia-Pacific, followed by Europe and North America, contributed to the highest share in 2020, holding more than one-third of the total share, and is projected to lead throughout the forecast period. The North America region is anticipated to portray the fastest CAGR of 10.9% during the forecast period.

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𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :

Alpha Laboratories
Phytoclone Inc
3 Rivers Biotech
Agri Forest Bio-Technologies
Caisson Laboratories, Inc
Agri Starts
Dark Heart Nursery
DP- Deroose Plants

Important Questions Being Answered by the Plant Tissue Culture Market Report:

What is the total market value of plant tissue culture market report ?

What would be forecast period in the market report?

What is the market value of plant tissue culture marketing 2030?

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.