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:
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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)
Plant Biotechnology Equipment: Cell Culture Equipment Outlook (Revenue, USD Million, 2013 – 2025)
Incubators
Centrifuges
Seed Germinators
Microscopes
Sterilizer
Cell Counter
Others (autoclave, shaker, refrigerator, pH meter, cell culture vessels, syringes & needles)
Plant Biotechnology Equipment: Smart Farm Equipment Outlook (Revenue, USD Million, 2013 – 2025)
Automation & Control System
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
Web-based
Cloud-based
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.
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