Plant Genotyping Equipment Market Analysis Report By End Use, By Equipment, By Application And Segment Forecasts From 2018 To 2025

Industry Insights

The plant genotyping equipment market size across the globe was valued at USD 430.65 million in 2017. It is projected to witness a 9.6% CAGR over the forecasted years, 2018 to 2025. Rapid technological advancements resulting in the development of several processes of plant genotyping coupled with the need for identifying differences in genes of plants are anticipated to drive the market growth for such equipment.  

The need for the development of the agriculture sector owing to the exponential growth of the human population has been on the rise. Further, the adoption of more yielding crops for catering to food needs is expected to propel the adoption of plant genotyping processes. Moreover, the usage of these technologies for enhancing the adaptability and tolerances of plants so that they can withstand adverse environmental conditions is anticipated to trigger market growth.

Several agronomic traits like yield, tolerance, and resistance against biotic and abiotic stress are occurring due to the interaction of genotypes and the environment. Thus, the need for understanding the genotype behavior of plants under varied environmental conditions has been on the rise for the last few years.

A huge amount of data being generated with the NGS (Next-Generation Sequencing) technologies has led to the emergence of polymorphisms. In the application of these technologies, SNPs (Single Nucleotide Polymorphisms) are witnessing substantial prominence. Thus, usage of these SNPs along with other polymorphic resources is expected to propel market growth.

Equipment Insights

The global plant genotyping equipment market can be segmented into the liquid handler, SNP genotyping equipment, DNA analyzer, Real-time PCR Instruments, and others based on equipment type. The segment of SNP genotyping equipment accounted for the largest share across the global market in 2018. The equipment segment of the liquid handler is expected to register the fastest CAGR over the forecasted years, 2018 to 2025.

SNPs are alternatives across DNA sequences that can be related to plant traits. QTL (Quantitative Trait Locus) along with SNPs are used for enhancing plant characteristics like high pest resistance, more yield, and improved stress tolerance. Such factors are projected to drive market growth across this region.

Application Insights

The global market can be classified into breeding, plant research, quality assessment, and product development based on the application type. In 2017, the breeding application segment accounted for the largest share across the global market. It is also anticipated to continue its dominance in the upcoming years. While the segment of product development is projected to witness substantial growth with 11.0% CAGR in the upcoming years.

The emergence of GBS (Genotype-By-Sequence) technology is opening new avenues in plat breeding and genetics studies. It has also started offering genome-wide and multiple sequencing platforms for scanning purposes. Further, the development of the MAS (Marker-Assisted Selection) tool for plant breeding and crop development is expected to trigger market growth. Moreover, the need for plant breeding for boosting crop yield, tolerance, and quality is expected to fuel up the demand for such equipment.

End-use Insights

The global market can be classified as laboratory, field, and greenhouse based on the end-use. In 2017, the laboratory end-user segment accounted for the largest share across the global market. This can be associated with the rising number of laboratories being developed for carrying out research activities like plant genotyping for examining the fundamental and applied features of plants.

The greenhouse end-use segment is projected to witness the fastest growth with 11.0% CAGR during the forecasted years, 2018 to 2025. This can be associated with the increase in the need for deployment of genotyping platforms in several greenhouses over the upcoming years.

Regional Insights

The global plant genotyping equipment market can be classified into Europe, North America, South America, Asia Pacific, and Middle East & Africa based on the regions. In 2017, North America accounted for a significant share across the global market. This can be associated with the rising investments made by the key players residing across this region.

Several countries like Canada are major contributors to the growth of the agriculture sector. Rapid technological advances, higher investments across R&D activities, and initiatives undertaken by governing authorities for promoting the growth of the agriculture industry are anticipated to trigger the demand for such equipment. For example, New Energy Farms, Canada made a licensing agreement in 2014 with Syngenta to enhance planting technology across Brazil.

COVID-19 Impact Insights

The market growth has been impacted globally due to the COVID-19 crisis. The imposition of lockdown and restrictions over cargo movement by several countries is hindering the supply chain of such equipment. Also, the lack of availability of skilled laborers and fluctuating prices of raw materials are obstructing the market growth. However, the need for genotyping plants to study their effects on isolated coronavirus for the development of vaccines and medicines is gaining traction across the globe. Various branches of medicines such as Ayurveda are making use of plants and their extracts for producing immunity booster medicines and syrups. Also, rapid industrialization across the globe is triggering the need for adopting maximum yield on limited land. These factors are anticipated to propel market growth over the post-pandemic period.

Plant Genotyping Equipment Market Share Insights

The global market includes key players such as Evogene Ltd., Illumina, Inc., and LGC Limited. These players are constantly engaged in product development and innovation to gain a competitive advantage over other players and to widen their product portfolio.

These players operating across the global market have started implementing strategies like acquisitions and alliances to widen their geographical reach. Such alliances are propelling the formation of infrastructure facilities across all regions thereby promoting the market growth over the forecasted period, 2018 to 2025.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends from 2013 to 2025 in each of the sub-segments. For this study, Million Insights has segmented the global plant genotyping equipment market based on equipment, end-use, application, and region:

• Equipment Outlook (Revenue, USD Thousand, 2013 - 2025)
    • SNP Genotyping Equipment
    • Real-time PCR Instrument
    • DNA Analyzer
    • Liquid Handler
    • Others

• End-Use Outlook (Revenue, USD Thousand, 2013 - 2025)
    • Greenhouse
    • Field
    • Laboratory

• Application Outlook (Revenue, USD Thousand, 2013 - 2025)
    • Plant Research
    • Breeding
    • Product Development
    • Quality Assessment

• Regional Outlook (Revenue, USD Thousand, 2013 - 2025)
    • North America
        • The U.S.
        • Canada
        • Mexico
    • Europe
        • The U.K.
        • Germany
        • France
    • The Asia Pacific
        • India
        • China
        • Japan
        • South Korea
    • Middle East & Africa
    • South America
        • Brazil