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The global plant cell culture equipment market size was estimated at USD 395.5 million in 2017 and is predicted to grow at a CAGR of 13.1% over the forecast period. Increasing applications of tissue and cell cultures and rising R&D activities in the area of tissue and cell engineering are stimulating market growth.
Plant cell culture is a combination of various techniques deployed to maintain or grow plant cells in a barren field on a nutrient culture based on known composition. The rising use of plant cell culture instruments in forestry, plant sciences, and horticulture is expected to strengthen its market position by 2025.
The demand for agriculture is rising globally owing to the increasing requirement for high-yielding crops to fulfill food demand. As per a study done by the Intergovernmental Panel on Climate Change (IPCC), a higher frequency of global warming and harsh weather conditions would negatively affect crop, aquaculture, livestock, and forestry productivity in the upcoming years.
The global population is set to reach over 9 billion by 2050 and therefore, it would be difficult to ensure sufficient crop production to cater to the food requirement. This would create lucrative opportunities for plant science and crop improvement. Increasing awareness regarding the advantages of plant culture in enhancing yield and crop quality is further favorably contributing to domestic consumption.
The centrifuges division accounted for the largest share of the overall market in 2017 as they allow distinguishing fluids, liquids, or gases based on their density. The seed germination equipment segment is anticipated to register a CAGR of above 15% from 2018 to 2025 owing to the higher adoption of seed germination to control humidity, lighting, and temperature and enable an optimum environment for seed germination.
The laboratory segment held dominance in the global plant cell culture equipment market in 2017 owing to the presence of numerous research laboratories using cell culture methods to study various fundamental and applied properties of higher plants.
The greenhouse division is expected to register the highest CAGR from 2018 to 2025. A greenhouse is mainly incorporated with air filter equipment, illumination controller, temperature & humidity controller, and computer control system.
The breeding segment held the largest share in 2017 due to the number of techniques developed for plant breeding that use plant cell structures to restore plants.
Plant cell culture provides various benefits in plant breeding. Furthermore, it helps to increase the nutritional content, improve resistance against pests, abiotic stresses like drought and cold, and diseases. The plant research segment is expected to register the highest CAGR over the forecast period due to the presence of numerous government-backed biotechnological research and study activities in emerging economies.
North America is expected to account for the largest share while Asia Pacific is expected to register the highest CAGR from 2018 to 2025. Due to the presence of natural resources, Canada has been an eminent player for a long time in the agricultural sector with its aggressive investments in research and development activities. This has led to Canada’s large network of universities and research centers engaged in agtech research. For example, New Energy Farms, a Canada-based organization, in 2014, entered into a licensing agreement with Syngenta, a Switzerland-based firm for the commercialization of the planting methods in Brazil.
The key players in the market include Tecan Group Ltd.; Thermo Fisher Scientific, Inc.; LGC Limited; Geneq, Inc.; Conviron; and LabRepCo. Strategic partnerships and innovative product manufacturing processes are done by these players are driving the market growth. For example, Greiner Bio-One International GmbH, in February 2017, introduced an innovative product namely CELLdisc for heavy cell culture. It is an instrument that abides cell culture surfaces ranging between 1,000 cm2 up to 1 m2.
|
Attribute |
Details |
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The base year for estimation |
2017 |
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Actual estimates/Historical data |
2013 - 2016 |
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Forecast period |
2018 - 2025 |
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Market representation |
Revenue in USD Million & CAGR from 2018 to 2025 |
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Regional scope |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
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Country Scope |
U.S., Canada, Mexico, UK, Germany, France, China, India, Japan, South Korea, and Brazil |
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Report coverage |
Revenue forecast, company share, competitive landscape, and growth factors and trends |
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15% free customization scope (equivalent to 5 analyst working days) |
If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of the customization |
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2013 to 2025. For the purpose of this study, Million Insights has segmented the global plant cell culture equipment market report on the basis of equipment, end-use, application, and region:
• Equipment Outlook (Revenue, USD Million, 2013 - 2025)
• Incubators
• Centrifuges
• Seed Germinators
• Microscopes
• Sterilizers
• Cell Counters
• Others
• End-use Outlook (Revenue, USD Million, 2013 - 2025)
• Greenhouse
• Field
• Laboratory
• Application Outlook (Revenue, USD Million, 2013 - 2025)
• Plant Research
• Breeding
• Product Development
• Quality Assessment
• Regional Outlook (Revenue, USD Million, 2013 - 2025)
• North America
• U.S.
• Canada
• Mexico
• Europe
• U.K.
• Germany
• France
• The Asia Pacific
• China
• Japan
• India
• South Korea
• South America
• Brazil
• Middle East & Africa
Research Support Specialist, USA