According to a new market report published by Lucintel, the future of the plant biotechnology market looks promising with opportunities in soil handling, breeding, product development, yield improvement, genetic modification, and disease resistance applications. The global plant biotechnology market is expected to grow with a CAGR of 13% from 2020 to 2025. The major drivers for this market are increasing demand of transgenic crops and bio fuels, growing per capita income, and rising population.
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Plant biotechnology is a set of techniques used to adapt plants for developing new varieties and traits include genetics and genomics, marker-assisted selection (MAS), and transgenic crops. In this market, hardware and software are the major device types. Lucintel forecasts that hardware will remain the largest device type segment over the forecast period due to increasing lab-based research and rising use of equipment for biofuel production.
Within this market, agricultural and biotechnology companies will remain the largest end user segment over the forecast period due to increasing demand for transgenic crops & biofuel and rising demand for biotechnology to develop transgeneric crops.
North America will remain the largest region over the forecast period due to presence of developed infrastructure, increasing usage of biotechnology for various crops, such as soybean and corn, and technological advancements in molecular biology & genetic engineering in the region.
Syngenta, Bayer, DuPont, Thermo Fisher Scientific, BASF Plant Science, Agilent Technologies, Eurofins Scientific, Illumina, The KWS Group, and Neogen are among the major suppliers in the global plant biotechnology market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global plant biotechnology market by equipment type, device type, crop, service, technology, application, end user, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Plant Biotechnology Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global plant biotechnology market by equipment type, device type, crop, service, technology, application, end user, and region as follows:
By Equipment Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Incubators
Genomic Sequencer
Temperature Controllers
Sensors
Sterilizers
Centrifuges
Others
By Device Type [Value ($ Million) shipment analysis for 2014 – 2025]:
By Crop [Value ($ Million) shipment analysis for 2014 – 2025]:
Cereals and Grains
Oilseed and Pulses
Fruits and Vegetables
Others
By Service [Value ($ Million) shipment analysis for 2014 – 2025]:
GMO (Genetically Modified Organisms) Analysis
Cellular Imaging
Analytical Chemistry
Genomics Services
Quality Assessment
By Technology [Value ($ Million) shipment analysis for 2014 – 2025]:
RF (Radio Frequency) Technology
Wi-Fi (Wireless Fidelity) Technology
Imaging Technology
Bluetooth Technology
Cloud-Based Technology
Others
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Soil Handling
Breeding
Product Development
Yield Improvement
Genetic Modification
Disease Resistance
Others
By End User [Value ($ Million) shipment analysis for 2014 – 2025]:
Research Institutions
Pharmaceutical Industry
Agricultural and Biotechnology Companies
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Germany
France
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
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