Plant Genomics Market Size to Reach US$ 17.7 Billion by 2032 | With a 6.33% CAGR

IMARC Group's report titled "Plant Genomics Market Report by Type (Molecular Engineering, Genetic Engineering, Genome Editing, and Others), Technology (DNA/RNA Sequencing, Genotyping, Marker-Assisted Selection (MAS), Bioinformatics, and Others), Trait (Yield Improvement, Disease Resistance, Herbicide Tolerance, and Others), Application (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, and Others), and Region 2024-2032". The global plant genomics market size reached US$ 10.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 17.7 Billion by 2032, exhibiting a growth rate (CAGR) of 6.33% during 2024-2032.

𝗚𝗿𝗮𝗯 𝗮 𝘀𝗮𝗺𝗽𝗹𝗲 𝗣𝗗𝗙 𝗼𝗳 𝘁𝗵𝗶𝘀 𝗿𝗲𝗽𝗼𝗿𝘁: https://www.imarcgroup.com/plant-genomics-market/requestsample

𝗙𝗮𝗰𝘁𝗼𝗿𝘀 𝗔𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝘁𝗵𝗲 𝗚𝗿𝗼𝘄𝘁𝗵 𝗼𝗳 𝘁𝗵𝗲 𝗣𝗹𝗮𝗻𝘁 𝗚𝗲𝗻𝗼𝗺𝗶𝗰𝘀 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆:

● 𝗔𝗱𝘃𝗮𝗻𝗰𝗲𝗺𝗲𝗻𝘁𝘀 𝗶𝗻 𝗚𝗲𝗻𝗼𝗺𝗶𝗰 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗲𝘀:

Innovations in genomic technologies, such as next-generation sequencing (NGS) and CRISPR-Cas9 gene editing, are supporting the market growth. These advanced tools allow researchers to delve deeper into plant genomes, separating complex genetic traits and markers for crop improvement. These technologies accelerate breeding programs and facilitate the development of resilient and high-yielding crops by enabling comprehensive genome analysis and precise gene editing. Moreover, the integration of bioinformatics enhances data analysis and interpretation and improves research outcomes. Furthermore, the accessibility and affordability of these genomic tools foster innovation and collaboration within the scientific community.

● 𝗥𝗶𝘀𝗶𝗻𝗴 𝗙𝗼𝗰𝘂𝘀 𝗼𝗻 𝗖𝗿𝗼𝗽 𝗜𝗺𝗽𝗿𝗼𝘃𝗲𝗺𝗲𝗻𝘁 𝗮𝗻𝗱 𝗕𝗿𝗲𝗲𝗱𝗶𝗻𝗴:

The increasing focus on crop improvement and breeding is contributing to the growth of the market. Breeders are developing crop varieties with enhanced traits, such as yield, disease resistance, and stress tolerance, necessitating comprehensive genomic analysis. Plant genomics enables the identification of genetic markers associated with desirable traits, facilitating targeted breeding efforts. This approach streamlines the selection process, expediting the development of improved cultivars tailored as per specific environmental conditions. The integration of genomic technologies into breeding programs enhances efficiency and precision, which is impelling the market growth.

● 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗶𝗻𝗴 𝗔𝗱𝗼𝗽𝘁𝗶𝗼𝗻 𝗼𝗳 𝗠𝗼𝗹𝗲𝗰𝘂𝗹𝗮𝗿 𝗕𝗿𝗲𝗲𝗱𝗶𝗻𝗴 𝗧𝗲𝗰𝗵𝗻𝗶𝗾𝘂𝗲𝘀:

The rising employment of molecular breeding techniques, including marker-assisted selection (MAS) and genomic selection, in the agricultural sector is supporting the market growth. These techniques leverage genomic information to inform breeding decisions, enabling breeders to select plants with desired traits at the molecular level. Molecular breeding accelerates the breeding process, reducing the time and resources required to develop improved crop varieties by facilitating the identification and utilization of genetic markers linked to target traits. Furthermore, the integration of genomic data into breeding programs enhances breeding efficiency and precision, resulting in the rapid development of elite cultivars with superior agronomic traits.

𝗟𝗲𝗮𝗱𝗶𝗻𝗴 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗢𝗽𝗲𝗿𝗮𝘁𝗶𝗻𝗴 𝗶𝗻 𝘁𝗵𝗲 𝗚𝗹𝗼𝗯𝗮𝗹 𝗣𝗹𝗮𝗻𝘁 𝗚𝗲𝗻𝗼𝗺𝗶𝗰𝘀 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆:

● 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.

𝗘𝘅𝗽𝗹𝗼𝗿𝗲 𝗳𝘂𝗹𝗹 𝗿𝗲𝗽𝗼𝗿𝘁 𝘄𝗶𝘁𝗵 𝘁𝗮𝗯𝗹𝗲 𝗼𝗳 𝗰𝗼𝗻𝘁𝗲𝗻𝘁𝘀: https://www.imarcgroup.com/plant-genomics-market

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.

𝗕𝘆 𝗧𝗿𝗮𝗶𝘁:

● Yield Improvement
● Disease Resistance
● Herbicide Tolerance
● Others

Herbicide tolerance accounts for the largest market share due to the rising focus on increased productivity and profitability.  

𝗕𝘆 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻:

● Cereals and Grains
● Oilseeds and Pulses
● Fruits and Vegetables
● Others

Cereals and grains exhibit a clear dominance in the market on account of the increasing need for achieving food security.  

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.  

𝗚𝗹𝗼𝗯𝗮𝗹 𝗣𝗹𝗮𝗻𝘁 𝗚𝗲𝗻𝗼𝗺𝗶𝗰𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝗧𝗿𝗲𝗻𝗱𝘀:

Biotechnology companies and research institutions play a pivotal role in advancing genomic technologies, conducting advanced research, and developing innovative solutions for crop improvement. The rising focus on utilizing genetic information to address agricultural challenges is impelling the market growth. Biotechnology companies and research institutions are collaborating with academia, government agencies, and agricultural stakeholders to facilitate the translation of genomic discoveries into practical applications. The increasing demand for sustainable agricultural solutions is propelling the market growth.

Apart from this, the rising acceptance of genetically modified organisms (GMOs) crops in various regions is bolstering the market growth. Plant genomics technologies enable the development of GM crops with improved traits, such as pest resistance and drought tolerance.

𝗧𝗿𝗲𝗻𝗱𝗶𝗻𝗴 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 𝗕𝘆 𝗜𝗠𝗔𝗥𝗖 𝗚𝗿𝗼𝘂𝗽:

Silicon Fertilizer Market: https://www.imarcgroup.com/silicon-fertilizer-market

Biorationals Market: https://www.imarcgroup.com/biorationals-market

Vegetable Seed Market: https://www.imarcgroup.com/vegetable-seed-market

Fertilizer Spreader Market: https://www.imarcgroup.com/fertilizer-spreader-market

Motor Insurance Market: https://www.imarcgroup.com/motor-insurance-market

Micro Lending Market: https://www.imarcgroup.com/micro-lending-market

Loan Servicing Software Market: https://www.imarcgroup.com/loan-servicing-software-market

Enterprise Agile Transformation Services Market: https://www.imarcgroup.com/enterprise-agile-transformation-services-market

𝗡𝗼𝘁𝗲: 𝗜𝗳 𝘆𝗼𝘂 𝗻𝗲𝗲𝗱 𝘀𝗽𝗲𝗰𝗶𝗳𝗶𝗰 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝘁𝗵𝗮𝘁 𝗶𝘀 𝗻𝗼𝘁 𝗰𝘂𝗿𝗿𝗲𝗻𝘁𝗹𝘆 𝘄𝗶𝘁𝗵𝗶𝗻 𝘁𝗵𝗲 𝘀𝗰𝗼𝗽𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗿𝗲𝗽𝗼𝗿𝘁, 𝘄𝗲 𝘄𝗶𝗹𝗹 𝗽𝗿𝗼𝘃𝗶𝗱𝗲 𝗶𝘁 𝘁𝗼 𝘆𝗼𝘂 𝗮𝘀 𝗮 𝗽𝗮𝗿𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗰𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻.

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