Unveiling Growth: A Deep Dive into the Global Plant Phenotyping Market

Introduction:

The global plant phenotyping market is on a trajectory to reach a staggering USD 437 million by 2027, showcasing a robust Compound Annual Growth Rate (CAGR) of 12.9% during the forecast period. This meteoric rise is propelled by a confluence of factors, including burgeoning expansions and investments in plant phenotyping within developed regions. Notably, the market is experiencing a surge due to the escalating importance of sustainable crop production through the cultivation of improved crop varieties.

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Factors Driving Growth:

Expansions and Investments:

Increasing expansions and investments in plant phenotyping, particularly in developed regions, stand as a pivotal driver for the market’s growth. This trend underscores the industry’s commitment to advancing agricultural practices through cutting-edge technology.

Emphasis on Sustainable Crop Production:

The growing emphasis on sustainable crop production, achieved through the cultivation of enhanced crop varieties, serves as another significant factor fueling the expansion of the plant phenotyping market. This shift reflects a broader commitment to environmentally conscious agricultural practices.

Government Funding and Support:

Europe and North America have witnessed a surge in government and organizational funding for plant phenotyping experiments. This financial backing has played a pivotal role in propelling the market’s growth, fostering innovation and research in these regions.

Regional Dynamics:

Europe and North America:

High levels of government funding for plant phenotyping experiments in Europe and North America have been instrumental in driving market growth. These regions serve as hubs for innovation, with a focus on advancing agricultural practices through technology and research.

Asia Pacific:

Developing countries in the Asia Pacific region are emerging as significant players in the plant phenotyping market. The demand for plant phenotyping products and services in these countries is driven by the need to address challenges related to food, fuel, and feed demand for their growing populations. Additionally, the development of plants capable of withstanding changing climatic conditions is a key driver in the region.

Key Players:

Leading the charge in the plant phenotyping market are key companies involved in both product manufacturing and service provision. Notable names include LemnaTec GmbH, Delta-T Devices Ltd., CropDesign – BASF SE, Heinz Walz GmbH, Phenospex B.V., WPS, Phenomix, Photon Systems Instruments, Qubit Systems, KeyGene N.V., Rothamsted Research Limited, The Vienna Biocenter Core Facilities GmbH (VBCF), and Equinom.

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Technological Advancements:

In response to the growing demand for sophisticated applications, companies in the plant phenotyping market are continuously advancing their products and services. A significant development lies in the image analysis segment, projected to account for the largest share in 2022. These standalone or additional accessories, integrated into plant phenotyping equipment systems, demonstrate the industry’s commitment to cutting-edge spectrometry and imagery techniques.

Conclusion:

The global plant phenotyping market is not just witnessing growth; it’s undergoing a transformative journey fueled by innovation, sustainability, and a global commitment to revolutionize agricultural practices. As expansions, technological advancements, and regional dynamics shape the landscape, the market is poised to play a pivotal role in addressing the evolving challenges of our agricultural future.

Unearthing the Future of Agriculture: The Growing Significance of Plant Phenotyping in Modern Farming

The global plant phenotyping market is on a significant growth trajectory, with an anticipated value of USD 437 million by 2027, fueled by a robust compound annual growth rate (CAGR) of 12.9% during the forecast period. The market is witnessing increased expansions and investments in plant phenotyping in developed regions, serving as a primary driver for its rapid growth. Furthermore, the growing emphasis on sustainable crop production through improved crop varieties is a pivotal factor bolstering the market for plant phenotyping.

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In developed regions, a substantial focus on funding for plant phenotyping experiments by governments and various organizations, particularly in Europe and North America, has played a crucial role in the expansion of the plant phenotyping market. These investments are aimed at advancing agricultural practices and ensuring sustainable crop production to meet the food, fuel, and feed demand for their growing populations while adapting to changing climatic conditions.

The Asia Pacific region, including developing countries, is emerging as a hotspot for the demand of plant phenotyping products and services. These nations are grappling with the challenge of ensuring food security and sustainable agriculture for their expanding populations. Additionally, they are seeking to develop crops that can thrive in the face of shifting climatic conditions, further driving the adoption of plant phenotyping technologies.

Key players in the plant phenotyping market include renowned plant phenotyping product manufacturers like LemnaTec GmbH (Germany), Delta-T Devices Ltd. (UK), CropDesign – BASF SE (Germany), Heinz Walz GmbH (Germany), Phenospex B.V. (Netherlands), WPS (Netherlands), Phenomix (France), Photon Systems Instruments (Czech Republic), and Qubit Systems (Qubit Phenomics) (Canada). The market also features service providers, such as KeyGene N.V. (Netherlands), Rothamsted Research Limited (UK), The Vienna Biocenter Core Facilities GmbH (VBCF) (Austria), and Equinom (Netherlands). These companies are at the forefront of innovation, continually enhancing their products and services based on advanced spectrometry and imagery techniques.

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In 2022, the image analysis segment is projected to dominate the plant phenotyping market, representing the largest share. Image analysis tools serve as standalone or additional accessories that can be integrated into plant phenotyping equipment systems. While equipment systems typically include default software, the increasing demand for diverse applications has driven the integration of additional software and sensors, allowing customization according to the specific needs of end-users, including service providers and research organizations.

Strong Demand for High-Throughput Screening in Plant Phenotyping Processes

The advantages of obtaining accurate qualitative and quantitative measurements using plant phenotyping technologies are the key reasons contributing to the growth of this market, globally. Plant phenotyping technologies are likely to gain traction in agricultural research and plant breeding programs and prove to be an important tool for agriculture companies, research organizations, and academic institutions focused on analyzing the environmental and genetic factors impacting the physical factors in plants. The plant phenotyping market is projected to reach USD 268.1 million by 2023, at a CAGR of 11.14% from 2018.

Automation and significant advancements in the application of imaging sensors for high-throughput data collection, growing importance of sustainable crop production using improved crop varieties, and increasing expansions and investments in plant phenotyping in developed regions are the factors expected to play a significant role in the growth of the plant phenotyping market. However, the lack of technical and conceptual awareness of the plant phenotyping process serves as a restraint for the growth of the market.

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The concept of using drones as a plant phenotyping platform is likely to witness a positive trend in terms of identification of different plant characteristics, morphology, and physiology. This platform type is projected to grow at a higher rate, as it has high demand in countries with limited manpower. Among all platform/carrier types, conveyor-based or modular systems are widely used as they have multiple functionalities when it comes to application and can also be easily integrated with additional accessories such as sensors and/or software.

In terms of services, the statistical analysis segment is projected to grow at a higher rate from 2018 to 2023. The increasing need for making sense of the quantitative data acquired in abundance is likely to have a positive effect on the services market for plant phenotyping. This is due to the need for the generation of highly reliable data and rising interest of plant breeders for this service.

Asia Pacific is projected to be the fastest-growing region in the plant phenotyping market from 2018 to 2023. The region has a higher demand for food and feed to meet the challenges of the ever-growing population. Owing to the increasing research activities in the Australian market for plant phenotyping, the region is expected to witness a rise in the overall plant phenotyping market in the coming years. Multinational companies are also focusing on marketing their products and services of plant phenotyping in these regions, through collaborations and networks to increase awareness among plant-based science research communities. There is an urgent need to develop/design plants in this region that can tolerate stress related to the changing climatic conditions along with providing higher biomass yield for feeding the population.