Plant Tissue Culture Market Expected to Grow Substantially by 2031 Owing to Increasing Adoption by Farmers to Produce High-Quality Plants

The global plant tissue culture market is expected to grow due to the increasing adoption by farmers to produce disease-resistant plants. The Asia-Pacific region is likely to lead the market.

As per the report published by Research Dive, the global plant tissue culture market is expected to register a revenue of $2,202.9 million by 2031 and grow at a CAGR of 6.4% during the forecast period 2022-2031.

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Dynamics of the Global Plant Tissue Culture Market

Growing adoption of plant tissue culture by farmers to produce high-quality, disease-resistant plants is expected to become the primary growth driver of the plant tissue culture market in the forecast period. Additionally, increasing governmental support has led to an increase in the number of plant cell culture labs which is predicted to propel the market forward. However, according to market analysts, limited production capacity over plant tissue culture might become a restraint in the growth of the market. Moreover, increasing demand for food and biofuel sector is predicted to offer numerous growth opportunities to the market in the forecast period. Moreover, growing demand for organic and non-GMO products is expected to propel the market growth in the coming period.

COVID-19 Impact on the Global Plant Tissue Culture Market

The Covid-19 pandemic disrupted the routine lifestyle of people across the globe and the subsequent lockdowns adversely impacted the industrial processes across all sectors. The plant tissue culture market, however, was moderately impacted due to the pandemic. Though the market suffered a setback due to disruptions in global supply chains, the growing awareness among people during the pandemic regarding the importance of plant-based products helped the market grow during the pandemic period.

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Segments of the Market

The report has divided the plant tissue culture market into type, application, crop type, and region.

Based on type, the media & reagents sub-segment held the most dominant share in 2021. Media and regents play an important role in providing essential nutrients and growth factors for the development of plant tissues. This utility of media and reagents is expected to augment the growth of this sub-segment in the coming years.

Based on application, the agriculture sub-segment was the most profitable in 2021. Growing demand for high-quality and genetically uniform crops is predicted to boost the growth of this sub-segment in the forecast period.

Based on crop type, the agriculture plants sub-segment held the largest share in the plant tissue culture market in 2021. The use of plant tissue culture to study genetic makeup and growth patterns of plants to produce high-quality and disease-resistant crops is expected to be the main factor behind this sub-segment's growth.

Based on region, the Asia-Pacific plant tissue culture market is expected to be the most lucrative during the forecast period. Growing demand for high-quality ornamental plants in this region is predicted to propel the market growth.

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Key Players of the Market

The major players of the plant tissue culture market include Alpha Laboratories, Australis Capital Inc., Phytoclone Inc., Agriforest Bio-Technologies, Labland Biotech Private Limited, Rubi Bio LLC, Booms Pharm, Phytotech Laboratories, Inc., Merck KGaA, and Caisson Laboratories, Inc. These players are working on developing strategies such as product development, merger and acquisition, partnerships, and collaborations to sustain the market growth.

For instance, in March 2022, AgriFORCE Growing Systems, a global agriculture technology firm, announced that it had signed an agreement to acquire Deroose Plants NV, a leading plant tissue culture propagation company. This acquisition is expected to increase the footprint of the acquiring company in the market in the coming period.

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