Pathogen Or Plant Disease Detection And Monitoring Global Market Exhibit a Remarkable CAGR of 9.7% and is expected to reach $2.68 Billion By 2028

"The Business Research Company recently released a comprehensive report on the Global Pathogen Or Plant Disease Detection And Monitoring Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The pathogen or plant disease detection and monitoring market size has grown strongly in recent years. It will grow from $1.69 billion in 2023 to $1.85 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to rise in demand for precision agriculture solutions, increase in awareness about crop health and yield optimization, growth in emphasis on food security and safety, increase in prevalence of plant diseases due to climate change, and rise in use of mobile applications for on field disease monitoring.

The pathogen or plant disease detection and monitoring market size is expected to see strong growth in the next few years. It will grow to $2.68 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to rising awareness about food security and crop health, rising demand for early detection and rapid response systems, increasing availability of advanced diagnostic tools, growth in the use of data analytics for disease prediction, and growing demand for sustainable farming practices. Major trends in the forecast period include development of portable detection devices, implementation of drones, advancements in remote sensing, development of disease resistant crop varieties, and implementation of precision agriculture.

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Market Drivers and Trends:

The increasing adoption of precision agriculture is expected to propel the growth of the pathogen or plant disease detection and monitoring market going forward. Precision agriculture refers to farming techniques that utilize technology to track and manage variations in crop fields. The growing adoption of precision agriculture is due to increased efficiency and productivity, sustainability and environmental concerns, and government support and policies. Plant disease detection and monitoring methods allow precision farming to enable farmers to detect diseases early, monitor conditions accurately, and intervene promptly, ultimately improving crop health and yield while minimizing resource use and environmental impact. For instance, in 2023, according to a survey of 14,000 agricultural operations conducted by the United States Department of Agriculture (USDA), a US-based federal executive department, the U.S. average use of precision technology increased to 27% in 2023, representing an increase from 25% in 2021. Therefore, the increasing adoption of precision agriculture drives the pathogen or plant disease detection and monitoring market.

Major companies operating in the pathogen or plant disease detection and monitoring market are focused on developing innovative products such as pathogen detection test kits to provide rapid and accurate identification of plant diseases, enhance early detection capabilities, and improve overall crop health management. Pathogen detection test kits refer to specialized tools and devices designed to identify and diagnose pathogens causing diseases in plants. For instance, in June 2024, Agdia Inc., a US-based diagnostic center providing test kits for plant pathogens and transgenic (GMO) traits, launched ELISA and ImmunoStrip test kits for the detection of Cowpea mild mottle virus (CPMMV), a soybean pathogen. These kits are essential for controlling the spread of CPMMV, a virus responsible for significant crop losses in legumes such as cowpeas, soybeans, and common beans. CPMMV can induce severe symptoms such as chlorosis, mottling, leaf deformation, and stunting, resulting in considerable agricultural damage. It seriously threatens crops, mainly soybean, an essential agricultural product in the U.S.

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Major Key Players of the Market:

Bayer AG, Thermo Fisher Scientific Inc., Eurofins Scientific SE, Sartorius AG, PerkinElmer Inc., Bio-Rad Laboratories Inc., QIAGEN N.V, Tecan Group Ltd., Neogen Corporation, Promega Corporation, Meridian Bioscience Inc., Takara Bio Inc., Planet Labs PBC, LuminUltra Technologies Ltd., Zymo Research Corporation, Ceres Imaging Inc., Bioneer Corporation, Creative Diagnostics Inc., Agdia Inc., EnviroLogix Inc., Abingdon Health PLC, Norgen Biotek Corp, Bioreba AG, Lifeasible Inc., OptiGene Ltd.

Pathogen Or Plant Disease Detection And Monitoring Market 2024 Key Insights:

• The pathogen or plant disease detection and monitoring market size is expected to see strong growth in the next few years. It will grow to $2.68 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%.
• Rising Adoption Of Precision Agriculture Boosts Pathogen And Plant Disease Detection Market
• Advancements In Pathogen Detection Enhancing Plant Disease Management With Innovative Test Kits
• North America was the largest region in the pathogen or plant disease detection and monitoring market in 2023

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