Soaring Demand Set to Propel Plant Genotyping Equipment Market to $2.2 Billion by 2029

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What Is the Expected CAGR for the Plant Genotyping Equipment Market Through 2025?
The market size for plant genotyping equipment has seen a robust expansion in recent times. The market is predicted to escalate from $1.42 billion in 2024 to $1.55 billion in 2025, boasting a compound annual growth rate (CAGR) of 9.5%. The unprecedented growth in the historical period is due to reasons such as the growing requirement for high-yield resilient crops, an enhanced understanding of the effects of climate change on farming, the increasing use of genomics in plant breeding and a heightened demand for climate-resilient crop types, as well as a re-emphasised commitment to sustainable farming practices.

What's the Projected Size of the Global Plant Genotyping Equipment Market by 2029?
Expectations suggest that the plant genotyping equipment market will witness impressive expansion in the coming years. It's predicted to balloon to a value of $2.21 billion by 2029, maintaining a compound annual growth rate (CAGR) of 9.2%. Factors contributing to the anticipated growth in this period include increasing demand for high-throughput genotyping, accelerated adoption of molecular breeding methods, a rise in the necessity of precision agriculture practices, a growing demand for food, and improvements in precision and efficacy in plant breeding initiatives. Major forecast period trends encompass advancements in high-throughput genotyping, progressive automation in sample processing, the inclusion of real-time data monitoring systems, advancements in genome-wide association studies, and the incorporation of automated sample tracking and administration.

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Top Growth Drivers in the Plant Genotyping Equipment Industry: What's Accelerating the Market?
The upsurge in the necessity for precision farming is predicted to spur the expansion of the plant genotyping machinery market. Precision farming refers to a technologically-driven agricultural management method that utilizes devices like GPS, sensors, and data analysis to enhance field management in relation to crop farming. With the rise in worldwide food demand, precision agriculture is becoming increasingly crucial as it assists farmers in maximizing resources and effectively boosting crop yields. Plant genotyping apparatus aids precision agriculture by precisely determining genetic properties in crops, which allows for specific farming strategies that enhance efficacy and productivity. For example, the Government Accountability Office, an American government agency, stated in January 2024 that 27% of U.S. farms and ranches utilized precision agriculture methods for managing crops or livestock in 2023. Consequently, the burgeoning need for precision agriculture is propelling the expansion of the plant genotyping apparatus market.

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What Trends Will Shape the Plant Genotyping Equipment Market Through 2029 and Beyond?
Key businesses in the plant genotyping equipment market are emphasizing the development of novel solutions, like large-scale low-pass whole genome sequencing workflows, for enhancing precision and efficiency in agricultural research. These workflows merge sophisticated sequencing technologies and streamlined procedures, providing comprehensive genomic data more economically and quickly. For example, MGI Tech, a genomics firm based in China, introduced its comprehensive solution for large-scale low-pass whole genome sequencing in agriculture in June 2024. This tool offers speedy and cost-effective genetic analysis that aids in crop cultivation and research, thereby enhancing productivity and sustainability. It simplifies tasks via integrated platforms, eliminating the need for complicated processes. This innovation expands the genomic capabilities for cultivators, scholars, and agricultural businesses.

What Are the Main Segments in the Plant Genotyping Equipment Market?
The plant genotyping equipment market covered in this report is segmented as

1) By Product Type: Polymerase Chain Reaction (PCR) Machines, Deoxyribonucleic Acid (DNA) Sequencers, Microarray Equipment, Other Product Types
2) By Technology Type: Polymerase Chain Reaction (PCR), Next-Generation Sequencing (NGS), Microarray Analysis, Deoxyribonucleic Acid (DNA) Sequencing, single nucleotide polymorphism (SNP) genotyping
3) By Workflow Phase: Sample Collection, Nucleic Acid Extraction, Amplification And Targeting, Data Analysis And Interpretation, Reporting Results
4) By Application: Plant Research, Breeding, Product Development, Quality Assessment
5) By End-User Type: Academic And Research Institutions, Agricultural Biotechnology Companies, Seed Companies, Government Research Organizations, Private Laboratories

Subsegments:
1 By Polymerase Chain Reaction (PCR) Machines: Real-Time PCR Machines, Conventional PCR Machines, Digital PCR Machines
2) By Deoxyribonucleic Acid (DNA) Sequencers: Next-Generation Sequencers (NGS), Sanger Sequencers, Third-Generation Sequencers
3) By Microarray Equipment: Gene Expression Microarrays, Comparative Genomic Hybridization (CGH) Microarrays, SNP (Single Nucleotide Polymorphism) Microarrays
4) By Other Product Types: Electrophoresis Equipment, DNA Extraction Systems, Genotyping Arrays

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Which Top Companies are Driving Growth in the Plant Genotyping Equipment Market?
Major companies operating in the plant genotyping equipment market are Roche Diagnostics Corporation, Thermo Fisher Scientific Inc., Danaher Corporation, Eurofins Scientific SE, Agilent Technologies Inc., Illumina Inc., Perkinelmer Inc., Beckman Coulter Inc., Bio-Rad Laboratories Inc., Qiagen N.V., BGI Genomics Co. Ltd., Promega Corporation, Takara Bio Inc., Analytik Jena GmbH, Oxford Nanopore Technologies Plc, Pacific Biosciences Of California Inc., Standard BioTools Inc., Lgc Biosearch Technologies, Zymo Research Corporation, Enzo Life Sciences Inc.

Which Regions Will Dominate the Plant Genotyping Equipment Market Through 2029?
North America was the largest region in the plant genotyping equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in plant genotyping equipment report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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