Plant Biotechnology Equipment Market by Plant Phenotyping Equipment (Hardware and Software), Plant Genotyping Equipment (Liquid handler, Real-time PCR Instruments, DNA Analyzer, SNP Genotyping Equipment, and Others), Cell Culture Equipment (Microscopes, Centrifuges, Cell counters, Seed germinators, Incubators, Sterilizers, and Others), Smart Farm Equipment (Hardware and Software), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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,
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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%.
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.
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Attributes |
Details |
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Report Title |
Plant Biotechnology Equipment Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Plant Phenotyping Equipment (Hardware and Software), Plant Genotyping Equipment (Liquid Handler, Real-time PCR Instruments, DNA Analyzer, SNP Genotyping Equipment, and Others), Cell Culture Equipment (Microscopes, Centrifuges, Cell Counters, Seed Germinators, Incubators, Sterilizers, and Others), and Smart Farm Equipment (Hardware and Software) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
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. |
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.
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,
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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.
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,
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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.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Plant Biotechnology Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Plant Biotechnology Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Plant Biotechnology Equipment Market - Supply Chain
4.5. Global Plant Biotechnology Equipment Market Forecast
4.5.1. Plant Biotechnology Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Plant Biotechnology Equipment Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Plant Biotechnology Equipment Market Absolute $ Opportunity
5. Global Plant Biotechnology Equipment Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Plant Biotechnology Equipment Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Plant Biotechnology Equipment Demand Share Forecast, 2019-2026
6. North America Plant Biotechnology Equipment Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Plant Biotechnology Equipment Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Plant Biotechnology Equipment Demand Share Forecast, 2019-2026
7. Latin America Plant Biotechnology Equipment Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Plant Biotechnology Equipment Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Plant Biotechnology Equipment Demand Share Forecast, 2019-2026
8. Europe Plant Biotechnology Equipment Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Plant Biotechnology Equipment Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Plant Biotechnology Equipment Demand Share Forecast, 2019-2026
9. Asia Pacific Plant Biotechnology Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Plant Biotechnology Equipment Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Plant Biotechnology Equipment Demand Share Forecast, 2019-2026
10. Middle East & Africa Plant Biotechnology Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Plant Biotechnology Equipment Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Plant Biotechnology Equipment Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Plant Biotechnology Equipment Market: Market Share Analysis
11.2. Plant Biotechnology Equipment Distributors and Customers
11.3. Plant Biotechnology Equipment Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. 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