The global plant genotyping equipment market size is anticipated to value USD 895.45 million until 2025. It is also expected to register a CAGR of 9.6% over the forecasted years, 2018 to 2025. The increasing need for identifying, assessing and validating genetic markers of plants to gain higher yield from them is driving the market growth for plant genotyping equipments.
The application segment of breeding dominated the global market in 2017 on account of the rising need for enhancing the crop yield, tolerance and quality of plants. The product development segment is also anticipated to register significant growth with a CAGR of 11.0% over the forecasted years, 2018 to 2025.
In 2017, the laboratory end-use segment accounted for the highest share across the global market due to an increasing number of laboratories to carry out research activities. On the other hand, the greenhouse segment is projected to register a CAGR of around 11.0% in the upcoming years owing to the surging need for deployment of genotyping platforms in several greenhouses.
North America accounted for substantial share across the global market and is expected to witness significant growth in the upcoming years owing to the rising investments made by the key players across this region. Also, agricultural development across Canada is projected to trigger the market growth.
The plant genotyping equipment market includes key players such as LGC Limited, Illumina, Inc., and Evogene Ltd. They are continuously engaged in product development and innovation for widening the geographical reach and product portfolio. Also, strategies like alliances and acquisitions are being undertaken by these players to gain a competitive advantage.
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Further key findings from the report suggest:
• In 2017, the breeding application segment dominated the global market.
• The laboratory end use segment accounted for highest share across the global market in 2017.
• In 2017, North America is expected to register significant growth over the forecasted years, 2018 to 2025.
• The key players in this market are LGC Limited, Illumina, Inc., and Evogene Ltd.
Million Insights has segmented the global plant genotyping equipment market on the basis of equipment, end use, application and region:
Plant Genotyping Equipment Outlook (Revenue, USD Thousand, 2013 - 2025)
• SNP Genotyping Equipment
• Real-time PCR Instrument
• DNA Analyzer
• Liquid Handler
Plant Genotyping Equipment End-Use Outlook (Revenue, USD Thousand, 2013 - 2025)
Plant Genotyping Equipment Application Outlook (Revenue, USD Thousand, 2013 - 2025)
• Plant Research
• Product Development
• Quality Assessment
Plant Genotyping Equipment Regional Outlook (Revenue, USD Thousand, 2013 - 2025)
• North America
• The U.S.
• The U.K.
• Asia Pacific
• South Korea
• Middle East and Africa
• South America