Plant Genomics Market Trend - Increasing Demand for High Quality Food Products and Rapidly Expanding Global Population

Increasing demand for high quality food products, rapidly expanding global population, and ongoing research activities on plant genomics are some key factors expected to drive global market growth

According to Emergen Research, the global plant genomics market size was USD 7.86 billion in 2020 and is expected to reach USD 14.47 billion in 2028 and register a steady CAGR of 7.9% during the forecast period, 2021-2028.

Market Dynamics:

Plant genomics aims at sequencing, characterizing, and studying genetic compositions, functions, and structures of the entire plant genome. It helps in identifying genetic variations in phenotypes as well as molecular pathway characterization. Over the recent years, there have been rapid advancements in genetic engineering and plant genomics technology. These advancements have broadened the applications in every aspect of plant biology, breeding and genomic selections. Many research centers and educational institutes are focused on developing novel technologies to improve overall crop quality and increase productivity.

Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/526

Factors such as increasing application of genomics in plant breeding, rising funds for agricultural development, and government initiatives for improving crop quality to cater to rising demand for high-quality crops are expected to drive global market revenue growth during the forecast period. In addition, with the rapidly expanding global population, there has been a significant increase in the demand for fresh and good quality fruits and vegetables. Other factors such as rising need for reducing crop losses and reducing costs required for DNA synthesizing and sequencing are other factors expected to fuel global market growth between 2021 and 2028.

However, high cost of plant genomics, increasing environmental concerns, hazardous effects of GMO products, low awareness about advanced plant genomic technologies in many parts of the world, and dearth of skilled healthcare professionals are some key factors that can hamper revenue growth of the global market over the forecast period.

COVID-19 Impact Analysis

• Social distancing and restrictions severely disrupted businesses and operations
• Lockdowns caused disruptions in transportation and logistics
• Impacted manufacturing activities and mining operations globally
• Took a toll on economy of various countries
• Caused sudden and drastic downturn in economic activity
• Disrupted agriculture, fisheries, dairy, and other sectors
• Caused loss of employment and financial crisis
• Supply impacts were further compounded owing to reduced disposable income
• Emergence of variants continue to cause concerns and impact normal routines

DNA/RNA Sequencing Segment To Register Rapid Revenue Growth:

The DNA/RNA sequencing segment is expected to register rapid revenue growth during the forecast period. Factors such as growing demand for top-quality crops, rising need for increasing food security and safety, and rapid adoption of DNA/RNA sequencing due to low costs are expected to drive revenue growth of the segment during the forecast period.

Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ https://www.emergenresearch.com/request-discount/526

Herbicide Tolerance Segment to Account for Significantly Larger Revenue Share:

The herbicide tolerance segment is expected to account for significantly larger revenue share between 2021 and 2028 owing to increasing concerns about pest and weed growth on crops, rising incidence of early germination pest attacks, and increasing need for advanced herbicide tolerance solutions.

Asia Pacific to Register Robust Revenue Growth:

Asia Pacific market revenue is expected to expand at a robust CAGR over the forecast period owing to factors such as rapidly growing agricultural sector, presence of large consumer base, growing demand for top-quality crops and food products, and rapid adoption of advanced agricultural technologies. In addition, increasing genomic research-based activities, improving research infrastructure and facilities, high focus on improving soil and crop quality, and rising funds by public and private organizations are expected to drive Asia Pacific market growth during the forecast period.

Major Companies in the Market Include:

• Agilent Technologies
• Neogen Corporation
• GENEWIZ
• Eurofins Scientific
• QIAGEN
• LC Sciences
• Illumina Inc.
• KeyGene
• Novogene Co. Ltd.
• Floragenex Inc.

Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/plant-genomics-market

Scope of Plant Genomics Research

For the purpose of this report, Emergen Research has segmented the global plant genomics market on the basis of type, genomic property, objective, application, and region:

Type Outlook (Revenue, USD Billion; 2018–2028)

• Genetic Engineering
• Molecular Engineering
• Genome Editing
• Others

Genomic Property Outlook (Revenue, USD Billion; 2018–2028)

• Yield Improvement
• Herbicide Tolerance
• Disease Resistance
• Others

Objective Outlook (Revenue, USD Billion; 2018–2028)

• DNA Extraction and Purification
• DNA/RNA Sequencing
• Genotyping
• Gene Expression Profiling
• GMO-Trait Purity Testing
• Marker-Assisted Selection
• Others

Application Outlook (Revenue, USD Billion; 2018–2028)

• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Others

Custom Requirements can be requested for this Report [Customization Available] @ https://www.emergenresearch.com/request-for-customization/526

Regional Outlook (Revenue, USD Billion; 2018–2028)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • U.K.
  • BENELUX
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Rest of LATAM
• Middle East & Africa
  • Saudi Arabia
  • U.A.E.
  • South Africa
  • Turkey
  • Rest of MEA

Related Published Articles Published by Emergen Research:

Human Microbiome Therapeutics Market

Research Antibodies Market

Prefilled Syringes Market

C4ISR Systems Market

Adaptive Cruise Control Market

Polyethylene Furanoate Market

Interventional Oncology Devices Market

Fiberglass Market

Antimicrobial Susceptibility Testing/ Antibiotic Sensitivity Testing Market

Clinical Perinatal Software Market

About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend’s existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

Emergen Research Media Citations: https://www.emergenresearch.com/media-citations

Visit for More Insights: https://www.emergenresearch.com/insights

Explore Our Custom Intelligence services | Growth Consulting Services

Press Release Available https://www.emergenresearch.com/press-release/global-plant-genomics-market