Plant Genotyping Equipment Market Size, Share, Analysis 2031

Report Description

The global plant genotyping equipment market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the increasing demand of genotyping of plants.

Plant genotyping is a process of analysis of genetic makeup of plant. Next generation sequencing technology is used in the process of genotyping. Different ways have been developed by researchers to grow plants with high nutritional content and resistance to illnesses and environmental stress. Equipments used in plan genotyping focus on analysis, identification, and assessment of genetic markers in the plant.

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Genotyping is done for better crop yield by changing or integrating the plants gene at molecular level as well as it is done for breeding process, and for the production of pest free plant. Introduction of more automated equipment is making the genotyping process hassle free, effective, and less time consuming.

The COVID-19 pandemic has brought negative impact on the market. During pandemic, travels ban imposed by government bodies across the globe resulted in disruption of supply chain of genotyping equipments. Additionally, imposition of lockdown resulted in temporarily shutdown of plant genotyping lab which is hampering the demand of equipments. The market is expected to recover by the end of 2021, as the lockdown is lifted and labs are operational.

Market Trends, Drivers, Restraints, and Opportunities

• Decreasing price of DNA sequencing is one of the key factor driving the market growth.
• Increasing demand of food for growing population across the globe is projected to drive the market expansion during the forecast period.
• Escalating cost of genotyping equipment acts as a major challenge that can restrict the market growth in the coming years.
• Emerging difficulties in data management generated through genotyping can hamper the market growth during the projected timeline.
• Rising application area of genotyping is projected to create significant growth opportunities for the genotype equipment market.

Scope of the Plant Genotyping Equipment Market Report

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

Plant Genotyping Equipment Market Segment Insights

GBS tool increases the breeding segment market share

Based on applications, the market is segregated into breeding, product development, plant research, and quality assessment. The breeding segment is estimated to account for a significant market share during the forecast period attributed to the introduction of genotype by sequencing (GBS) tool is assisting in plant breeding to enhance crop yield and tolerance to stress. Moreover, new developments in GBS resulted in the development of the marker-assisted selection tool to speed up the plant breeding and crop improvement, which is driving the segment growth further. However, the product development segment is anticipated to grow at a high CAGR during the projected period attributed to the rapid development of next generation sequencing platform resulting in need of new genotypic equipments for routing genotyping assessment of plants.  

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Laboratory segment is estimated to expand at robust growth rate

On the basis of end-users, the global plant genotyping equipment market is divided into laboratory, greenhouse, and field. The laboratory segment is estimated to expand at robust growth rate during the forecast period owing to significant boost in the number of research laboratories using plant genotyping to study several fundamental and applied aspects of plants.  On the other hand, the greenhouse segment is projected to expand at a considerable CAGR during the forecast period attributed to the increase in demand for genotyping equipments to be deployed in greenhouses for better yield and pest resistance plants.

Improving plant characteristics drive the SNP genotyping equipment segment

Based on equipments, the market is fragmented 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 attributed to the equipment helps in marker-supported selection programs that helps in improving or enhancing plant characteristics. However, the liquid handler segment is anticipated to expand at a substantial CAGR in the coming years due to the handler, which helps in aseptic transformation of liquid that leads to minimizing the risk of contamination while performing genotypic assay.

North America is anticipated to constitute a key market share

In terms of region, the global plant genotyping equipment market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key share of the market during the projected period owing to growing investment in R&D centers by key players in the region for the development of advanced plant genotyping equipment. However, the Asia Pacific market is anticipated to grow at a rapid pace during the forecast period due to the increased need for improved variety of plant free from genetic disease as well as production of microbial and pests’ resistance plant in the region for better yield.

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