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Global Forecast: $11.7 Billion Plant Genomics Market
USAgNet - 08/20/2019

The "Plant Genomics Market by Objective (Extraction, Sequencing, Genotyping, Gene Expression, MAS, and GMO-trait Purity Testing), Type (Molecular Engineering and Genetic Engineering), Trait, Application, and Region - Global Forecast 2025" report has been added to ResearchAndMarkets.com's offering.

The market for plant genomics is estimated at $7.2 billion in 2019; it is projected to grow at a CAGR of 8.3% to reach $11.7 billion by 2025.

Plant genomics is the process of developing new plant lines with improved genotypic characteristics by crossing two or more plants to produce an offspring that shares the required traits of the parent plants. The plant genomics market has been evolving for decades, and with the growing demand for better-quality crops with high yield, technological advancements have been booming in the market.

The scope of plant genomics has shifted from a simple molecular database collection through sequencing to a more advanced understanding of DNA functions and effects through the methylation process. The application of these technologies in the field of agriculture is projected to improve global food security.

Since the last decade, research in plant genomics has gained momentum, with the development and commercialization of important technologies such as microarrays, quantitative polymerase chain reaction (PCRs), and deoxyribonucleic acid (DNA) sequencing technologies such as nanopore sequencing, next-generation sequencing, Illumina HiSeq, and PacBiosequencing.

Growth of research in plant genomics requires the support of government authorities and private investment firms, to increase the potential prospects of utilizing genetic information.

The environmental effects of using agrochemicals, the need for environment-friendly & innovative production methods, the advent of agricultural modernization, and the demand for a better value for crops have increased the possibilities of new avenues for the agricultural community.

The application of biotechnological methods in plant genomics effectively reduces the time taken to study the plant gene processes. It also helps in discovering more information about the function of the gene of interest. With the declining cost of genetic services in all industries, the use of plant genomic techniques is expected to grow, which is, in turn, projected to drive the global market.

The key drivers of this industry include the need for technological advancements; a rise in demand for improved crop varieties; cost-effectiveness of genomics; and rise in plant genome funding, which is fueling the adoption of innovative technologies, ensuring strong market growth for plant genomics.

Key players in this market include ThermoFisher Scientific, Inc. (US), Agilent Technologies, Inc. (US), Illumina, Inc. (US), Eurofins Scientific (Luxembourg), and LGC Limited (UK). Players such as ThermoFisher Scientific, Inc. (US) and Illumina, Inc. (US) are both technology and service providers who have streamlined their supply chains in providing plant genomic services.


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