Plant Biotechnology Equipment Market Is Estimated To Generate Revenue Of $18.35 Billion By 2025:Grand View Research, Inc.

June 06 15:26 2019
Plant Biotechnology Equipment Market Is Estimated To Generate Revenue Of $18.35 Billion By 2025:Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to a report published by Grand View Research, The global plant biotechnology equipment market size was valued at USD 6.91 billion in 2017 and is projected to expand at a CAGR of 12.8% from 2018 to 2025.

According to a report, “Plant Biotechnology Equipment Market Size, Share & Trends Analysis Report By Plant Phenotyping, By Plant Genotyping, By Cell Culture, By Smart Farm Equipment, By Region, And Segment Forecasts, 2018 – 2025”, published by Grand View Research, Inc., The global plant biotechnology equipment market size is estimated to reach USD 18.35 billion by 2025, according to the new report by Grand View Research, Inc. it is likely to expand at a CAGR of 12.8% over the forecast period. High demand for transgenic crops and biofuel is driving the market growth. Demand for transgenic crops has been rising owing to various benefits, such as improvement in yield, productivity, and quality of output and development of insect-resistant cultivars in crops.

Key Takeaways from the report: 

  • Rapidly rising global population has boosted demand for agricultural produce
  • Advances in technology coupled with increasing government funding have enabled the plant biotechnology industry to grow at a significant growth rate in recent years
  • The agriculture sector has witnessed tremendous developments in terms of advanced technologies in recent times. Usage of electronic sensors, smart devices, and other biotechnological methods have transformed conventional farming into innovative and sustainable farming
  • Benefits, such as high-quality crops and increased yield, facilitated by biotech equipment are expected to drive the growth of plant biotech equipment market over the forecast period
  • Advancements in imaging techniques are facilitating a better assessment of plant characteristics, thereby helping in developing better plants breeds.

 

 

China plant genotyping equipment market size, by application, 2013 - 2025 (USD Million)

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Global plant biotechnology equipment market share, by cell culture equipment, 2017 (%)

In transgenic plants, one or more species are introduced in the genome using genetic engineering processes. Inserting a combination of genes in a plant makes it more productive. Transgenic plants are also produced to cater to particular needs of pharmaceutical sector. Advent of various genetic engineering processes is expected to drive the market growth over the forecast period.

Advanced techniques, such as next-generation DNA sequencing, can be availed by breeders to boost the rate of genetic improvement by molecular breeding. Plant cell culture methods can also be used for enhancing food grain quality and for increasing food production. These methods are also useful for postharvest applications of food materials. Plant biotech equipment, such as plant phenotyping equipment, cell culture equipment, and smart farm equipment, can play an instrumental role in these methods.

Advances in biotechnology and rising use of biotech equipment for biofuel production are anticipated to further drive the growth of the plant biotech equipment market over the forecast period. Biofuel is gaining popularity due to rising crude oil prices and uncertainty in fuel supply stemming from depleting natural resources. Biofuel is considered as one of the alternatives to fossil fuels owing to its various benefits.

Biofuel can be produced domestically, can be cheaper than fossil fuels, and is also environment-friendly. Technological challenges associated with biofuel production can be addressed using biotech solutions and equipment, which in turn, is expected to boost the demand for plant biotech equipment over the forecast period.

Grand View Research has segmented the global plant biotechnology equipment market based on plant phenotyping equipment, plant genotyping equipment, cell culture equipment, smart farm equipment, and region:

Plant Biotechnology Equipment: Plant Phenotyping Equipment Outlook (Revenue, USD Million, 2013 – 2025)

  • Hardware

    • Sensors Modules

      • Ultrasonic Distance Sensors

      • NDVI Sensors

      • RGB Web Cameras

      • Portable Spectrometers

      • Temperature Sensors

      • Humidity Sensors

    • Imaging devices

      • Infrared Imaging

      • Fluorescence Imaging

      • Structural Tomography

      • Position Emission Tomography (PET)

      • Hyperspectral Imaging

      • Others (Magnetic Resonance Imaging, Forster Resonance, Energy Transfer, NIR imaging)

    • Automated System

      • Bench-based

      • Conveyor-based

    • Drones

    • LED Lighting

    • Portable Devices

  • Software

  • End Use

    • Greenhouse

    • Field

    • Laboratory

  • Application

    • Plant Research

    • Breeding

    • Product Development

    • Quality Assessment

Plant Biotechnology Equipment: Plant Genotyping Equipment Outlook (Revenue, USD Thousand, 2013 – 2025)

  • End Use

    • Greenhouse

    • Field

    • Laboratory

  • Application

    • Plant Research

    • Breeding

    • Product Development

    • Quality Assessment

Plant Biotechnology Equipment: Cell Culture Equipment Outlook (Revenue, USD Million, 2013 – 2025)

  • Equipment
    • Incubators

    • Centrifuges

    • Seed Germinators

    • Microscopes

    • Sterilizer

    • Cell Counter

    • Others (autoclave, shaker, refrigerator, pH meter, cell culture vessels, syringes & needles)

  • End Use
    • Greenhouse

    • Field

    • Laboratory

  • Application

    • Plant Research

    • Breeding

    • Product Development

    • Quality Assessment

Plant Biotechnology Equipment: Smart Farm Equipment Outlook (Revenue, USD Million, 2013 – 2025)

  • Hardware

    • Automation & Control System

      • Drones

      • Application Control Devices

      • Guidance System

        • GPS

        • GIS

      • Remote Sensing

        • Hand Held

        • Satellite Sensing

      • Driverless Tractors

      • Mobile Devices

      • Variable Rate Technology

        • Map-based

        • Sensor-based

      • Wireless Modules

      • Bluetooth Technology

        • Wi-Fi Technology

        • Zigbee

        • RF Technology

    • Sensing Devices

      • Soil Sensor

      • Nutrient Sensor

      • Moisture Sensor

      • Temperature Sensor

      • Water Sensor

      • Climate Sensor

      • Others

    • Antennas/Access Points

  • Software
    • Web-based

    • Cloud-based

  • End Use

    • Greenhouse

    • Field

    • Laboratory

  • Application

    • Plant Research

    • Breeding

    • Product Development

    • Quality Assessment

Plant Biotechnology Equipment: Regional Outlook (Revenue, USD Million, 2013 – 2025)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • U.K.

    • Germany

    • France

  • Asia Pacific

    • India

    • China

    • Japan

    • South Korea

  • Middle East & Africa

  • South America

    • Brazil

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About Grad View Research, Inc.

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

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