Plant Biotechnology Equipment Market

Plant Biotechnology Equipment Market Outlook 2031

The global plant biotechnology equipment market size was valued at USD 14.23 Billion in 2022 and is anticipated to reach USD 42.07 Billion by 2031, expanding at a CAGR of 12.8% during the forecast period, 2023-2031. The growth of the market is attributed to the increasing demand for transgenic crops for high yield.

Increasing demand for genetically modified (GM) crops is driving the market. Biotechnology equipment plays a crucial role in the development and production of GM crops. It enables scientists to manipulate plant genomes and introduce desirable traits, such as pest resistance, increased yield, and improved nutritional content, which further propels the market. For instance,

• In September 2020, NRgene emerged as a global leader in AI-based genomic analysis for research and agricultural breeding. It recently unveiled a groundbreaking product that enhances genotyping procedures, enabling comprehensive data collection while reducing genotyping costs by up to 70%.

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Rising need for sustainable agriculture practices is expected to boost the market. Plant biotechnology (PBT) equipment allows for the efficient production of disease-resistant plants. This reduces the reliance on chemical pesticides and promotes environment-friendly farming methods.

Additionally, the market offers a diverse range of products. This includes DNA sequencing instruments, gene synthesis systems, plant tissue culture equipment, transformation systems, and plant growth chambers. These tools enable researchers and plant breeders to conduct experiments, analyze genetic information, propagate plants in vitro, and create transgenic plants.

The research report finds that the COVID-19 pandemic has a positive impact on the plant biotechnology equipment (PBT) market. It has led to increased demand for sustainable agriculture practices and food security, which has driven investment in the PBT equipment market. The pandemic has highlighted the need for resilient and sustainable food systems, which has led to increased interest in plant biotechnology research and development.
 

Artificial Intelligence (AI) Impact on Plant Biotechnology Equipment Market

Artificial intelligence (AI) is having a significant impact on the plant biotechnology equipment market. AI technologies are being integrated into various aspects of PBT, enhancing efficiency, accuracy, and productivity in research and development processes. PBT generates vast amounts of data, including genomic information, phenotypic data, and environmental factors. AI algorithms analyze these complex datasets, identify patterns, and extract valuable insights. This enables researchers to understand plant biology, accelerate breeding programs, and optimize crop performance. For instance,

• On August 5th, 2021, Deargen, a company specializing in AI-powered drug discovery and development, announced a collaboration with FarmHannong, to jointly develop crop protection products utilizing AI technology.

Plant Biotechnology Equipment Market Dynamics

Major Drivers

Rising use of biotech equipment for biofuel production is driving the PBT equipment market. The increasing demand for renewable energy sources has led to a growing interest in biofuels. Biotechnology equipment plays a crucial role in the production of biofuels from plant-based feedstocks. This includes equipment used in genetic engineering, fermentation, and biomass processing. The rising use of biotech equipment for biofuel production is driving the plant biotechnology equipment market.

Increasing demand for food is expected to propel the market. The growing global population is boosting the demand for food production. PBT plays a vital role in improving crop yields, developing disease-resistant varieties, and enhancing nutritional content. The demand for PBT equipment is driven by the need for efficient and sustainable agricultural practices to meet the food demands of a growing population.

Existing Restraints

High cost of PBT equipment is expected to hamper the market. The high cost of research and development, equipment maintenance, and specialized infrastructure is anticipated to limit the adoption of plant biotechnology equipment, especially for small-scale operations or in developing regions. Thus, high cost restricts the expansion of the plant biotechnology equipment market in the coming years.

Emerging Opportunities

Rising applications of plant biotechnology are expected to create lucrative opportunities in the market. PBT has a wide range of applications beyond agriculture, including pharmaceuticals, biofuels, industrial enzymes, and biomaterials. This creates significant growth opportunities in the PBT equipment market, as companies and researchers explore innovative uses of plant biotechnology in various sectors.

 Scope of Plant Biotechnology Equipment Market Report

The report on the global plant biotechnology equipment market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Plant Biotechnology Equipment Market Segment Insights

Plant Phenotyping Equipment Segment Analysis

Based on plant phenotyping equipment, the global plant biotechnology equipment market is bifurcated into hardware and software. The hardware segment is further segregated into imaging devices, sensor modules, automated systems, portable devices, drones, and LED lighting. The imaging devices sub-segment is subdivided into fluorescence imaging, positron emission tomography, infrared imaging, hyperspectral imaging, structural tomography, and others.
The sensor modules sub-segment is fragmented into NDVI sensors, ultrasonic distance sensors, humidity sensors, RGB web cameras, temperature sensors, and portable spectrometers, while the automated systems sub-segment is bifurcated into bench-bases and conveyor-based.
The hardware segment is expected to grow at a rapid pace during the forecast period, as the use of imaging techniques in plant phenomics is helping scientists to develop a novel approach to discover features and functionality of living plants by obtaining insights.

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Plant Genotyping Equipment Segment Analysis

In terms of plant genotyping equipment, the global PBT equipment market is segmented into liquid handler, real-time PCR instruments, DNA analyzer, SNP genotyping equipment, and others. The SNP genotyping equipment segment is expected to grow at a rapid pace during the forecast period, as the equipment helps in marker-supported selection programs that improve plant characteristics.

The liquid handler segment is anticipated to expand at a substantial CAGR in the coming years, as the handler helps in the aseptic transformation of liquid, which leads to minimizing the risk of contamination while performing genotypic assay. For instance,

• In October 2021, a prominent Israel-based company specializing in AI-based genomic analysis for research and agricultural breeding named NRgene, recently introduced soy SNPro. This innovative product involves genotyping (DNA tests) of various crops, the first in a series of pre-designed SNP sets, offering improved efficiency for breeding programs.

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Cell Culture Equipment Segment Analysis

On the basis of cell culture equipment, the global plant biotechnology equipment market is segregated into microscopes, centrifuges, cell counters, seed germinators, incubators, sterilizers, and others. The cell counter is estimated to account for a significant market share during the forecast period, due to the increased number of cell culture labs and plant cell culture, which is an alternative to the collection and cultivation of plants.

Smart Farm Equipment Segment Analysis

Based on smart farm equipment, the global PBT equipment market is divided into hardware and software. The hardware segment is further classified as sensing devices, automation & control systems, and antennas/ access points. The sensing devices sub-segment is further fragmented into water sensor, soil sensor, moisture sensor, climate sensor, temperature sensor, nutrient sensor, and others. The automation and control systems sub-segment is sub-categorized as variable rate technology, Bluetooth technology, remote sensing, guidance systems, mobile devices, drones, wireless modules, application control devices, and driverless tractors.

The variable rate technology system is further bifurcated into sensor-based and map-based, while Bluetooth technology is subdivided into ZigBee, RF technology, and Wi-Fi technology. The remote sensing system is sub-classified as satellite sensing and handheld, while the guidance system segment is bifurcated into GIS and GPS. The hardware segment is estimated to account for a major market share during the forecast period, due to the increasing trend of smart and connected farms by the use of sensing devices, automation, and control devices for increasing yield. The software segment is further bifurcated into cloud-based and web-based.

Regional Analysis

In terms of region, the global plant biotechnology equipment market share is classified as Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa. North America is anticipated to constitute a key share of the market during the projected period, owing to the growing number of initiatives being undertaken by private and government players for the expansion of innovative plant phenotyping research. For instance,

• As per a report published in February 2023, Amgen, Inc., a multinational biopharmaceutical company based in the US, had manufacturing equipment valued at approximately USD 3.1 billion in 2022.

The market in Asia Pacific is anticipated to grow at a rapid pace during the forecast period, as the majority of the people in the region are dependent on agriculture for livelihood and the region is home to various agricultural research centers.

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Segments

The global plant biotechnology equipment market has been segmented on the basis of
Plant Phenotyping Equipment

• Hardware

• Imaging Devices

• Fluorescence Imaging
• Positron Emission Tomography
• Infrared Imaging
• Hyperspectral Imaging
• Structural Tomography
• Others

• Sensors Modules

• NDVI Sensors
• Ultrasonic Distance Sensors
• Humidity Sensors
• RGB Web Cameras
• Temperature Sensors
• Portable Spectrometers

• Automated System

• Bench-based
• Conveyor-based

• Portable Devices
• Drones
• LED Lighting

• Software

• Liquid Handler
• Real-time PCR Instruments
• DNA Analyzer
• SNP Genotyping Equipment
•  Others

• Microscopes
• Centrifuges
• Cell Counter
• Seed Germinators
• Incubators
• Sterilizer
• Others

• Hardware

• Sensing Devices

• Water Sensor
• Soil Sensor
• Moisture Sensor
• Climate Sensor
• Temperature Sensor
• Nutrient Sensor
• Others

• Automation & Control Systems

• Variable Rate Technology

• Sensor-based
• Map-based

• Bluetooth Technology

• Zigbee
• RF Technology
• Wi-Fi Technology

• Remote Sensing

• Satellite Sensing
• Hand Held

• Guidance System

• GIS
• GPS

• Mobile Devices

• Drones
• Wireless Modules
• Application Control Devices
• Driverless Tractors

• Antennas/Access Points

• Software

• Cloud-based
• Web-based

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

• Evogene Ltd.
• Geneq, Inc.
• Heinz Walz GmbH
• Illumina, Inc.
• Keygene N.V.
• LabRepCo
• LemnaTec GmbH
• LGC Limited
• Photon Systems Instruments, spol. S.r.o
• Qubit Systems
• Tecan Group Ltd.
• Thermo Fisher Scientific

Competitive Landscape

Key players competing in the global plant biotechnology equipment market are Evogene Ltd.; Geneq, Inc.; Heinz Walz GmbH; Illumina, Inc.; Keygene N.V.; LabRepCo; LemnaTec GmbH; LGC Limited; Photon Systems Instruments, spol. S.r.o; Qubit Systems; Tecan Group Ltd.; and Thermo Fisher Scientific.

Companies are focusing on product development and innovation in plant biotechnology equipment. Furthermore, companies are widely engaging in strategic partnerships, mergers & acquisitions, product launches, and collaborations to boost their market share. For instance,

• In November 2023, Lavie Bio made an exciting breakthrough in its bio-fungicide program. Its product, LAV321, has shown remarkable efficacy in field trials conducted across the US and Europe. Encouraged by these results, multinational companies are set to conduct further field trials with LAV321 next year, marking the second year of validation for some of them.

• In March 2022, Royal Van Zanten, a prominent company specializing in pot plants, cut flowers, and flower bulbs, joined forces with Keygene, a company focused on developing advanced technologies for crop enhancement. Their collaboration aims to expedite the breeding process of ornamental crops.