Global Plant Genomics Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

Genetic Engineering, Molecular Engineering, and Genome Editing.

By Genomic Property;

Yield Improvement, Herbicide Tolerance, and Disease Resistance.

By Objective;

DNA Extraction and Purification, DNA/RNA Sequencing, Genotyping, Gene Expression Profiling, GMO-Trait Purity Testing, and Marker-Assisted Selection.

By Application;

Cereals & Grains, Oilseeds & Pulses, and Fruits & Vegetables.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn122300505 Published Date: December, 2024 Updated Date: January, 2025

Introduction

Global Plant Genomics Market (USD Million), 2020 - 2030

In the year 2023, the Global Plant Genomics Market was valued at USD xx.x million. The size of this market is expected to increase to USD xx.x million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%.

The global plant genomics market has witnessed significant growth in recent years, driven by the increasing demand for improved agricultural productivity and sustainability. Genomics, the study of genes and their functions, has emerged as a crucial tool in enhancing plant breeding, pest resistance, and crop yield. With the growing need to meet the challenges of food security, climate change, and limited agricultural land, plant genomics is providing innovative solutions to address these concerns. This market involves a variety of technologies such as DNA sequencing, gene editing, and bioinformatics, which are revolutionizing the way researchers and farmers approach crop improvement.

Technological advancements have played a pivotal role in shaping the plant genomics market. High-throughput sequencing technologies, along with CRISPR gene-editing tools, have drastically reduced the cost of genome sequencing and accelerated research in plant biology. The ability to sequence and manipulate plant genomes at an affordable cost allows for the development of crops with better disease resistance, increased nutritional content, and enhanced tolerance to environmental stressors. This has prompted both public and private sectors to invest in plant genomics, ensuring a steady pipeline of innovations in agricultural practices.

The market is also being influenced by the growing awareness among consumers about sustainable farming practices. Genetically modified (GM) crops and precision agriculture have gained traction in recent years due to their potential to increase crop yields and reduce environmental impact. As the global population continues to rise, the demand for high-quality, high-yield crops is expected to increase, thereby further driving the adoption of plant genomics. Moreover, plant genomics is helping in developing crops that can thrive in a wide range of environmental conditions, including drought-prone areas, which is crucial for ensuring food security in regions affected by climate change.

Despite the promising prospects, the plant genomics market faces several challenges. Ethical concerns surrounding genetically modified organisms (GMOs) and the regulatory hurdles associated with gene-edited crops are some of the key barriers to the widespread adoption of plant genomics technologies. Additionally, the complexity of plant genomes and the need for specialized knowledge and infrastructure in genomic research may limit the accessibility of these technologies to small-scale farmers in developing countries. However, ongoing research and collaboration between governments, private companies, and research institutions are expected to overcome these challenges, paving the way for the continued expansion of the global plant genomics market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Genomic Property
    3. Market Snapshot, By Objective
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Global Plant Genomics Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Demand for Increased Crop Productivity
        2. Rising Need for Sustainable Agriculture
        3. Advancements in Genomic Technologies
        4. Growing Adoption of Precision Agriculture
      2. Restraints
        1. Regulatory Challenges
        2. Ethical and Social Concerns
        3. High Costs of Genomic Technologies
        4. Complexity of Plant Genomes
      3. Opportunities
        1. Development of Climate-Resilient Crops
        2. Expansion of Precision Agriculture
        3. Expansion of Biotechnological Applications
        4. Emerging Markets and Developing Regions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Plant Genomics Market, By Type, 2020 - 2030 (USD Million)
      1. Genetic Engineering
      2. Molecular Engineering
      3. Genome Editing
    2. Global Plant Genomics Market, By Genomic Property, 2020 - 2030 (USD Million)
      1. Yield Improvement
      2. Herbicide Tolerance
      3. Disease Resistance
    3. Global Plant Genomics Market, By Objective, 2020 - 2030 (USD Million)
      1. DNA Extraction and Purification
      2. DNA/RNA Sequencing
      3. Genotyping
      4. Gene Expression Profiling
      5. GMO-Trait Purity Testing
      6. Marker-Assisted Selection
    4. Global Plant Genomics Market, By Application, 2020 - 2030 (USD Million)
      1. Cereals & Grains
      2. Oilseeds & Pulses
      3. Fruits & Vegetables
    5. Global Plant Genomics Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Agilent Technologies
      2. Neogen Corporation
      3. GENEWIZ
      4. Eurofins Scientific
      5. QIAGEN
      6. LC Sciences
      7. Illumina Inc.
      8. KeyGene
      9. Novogene Co. Ltd.
      10. Floragenex Inc.
  7. Analyst Views
  8. Future Outlook of the Market