The global market for Plant Phenotyping is estimated at US$186.6 Million in 2023 and is projected to reach US$386.0 Million by 2030, growing at a CAGR of 10.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the plant phenotyping market is driven by several factors, including the increasing importance of enhancing crop traits to meet the growing global food demand. Technological innovations that enable more precise and efficient phenotyping are critical, as they allow for the rapid screening of thousands of plants, making the breeding process more productive. The expansion of biotechnological applications in agriculture and the need for crops optimized for biofuel production are also significant growth drivers.
Additionally, governmental and private funding in agritech innovations encourages further development and adoption of phenotyping technologies. Changes in consumer behavior, such as heightened awareness about environmental issues and demand for sustainably produced food, bolster the adoption of advanced agricultural techniques, including phenotyping, to ensure agricultural practices meet future needs sustainably and efficiently.
The growth in the plant phenotyping market is driven by several factors, including the increasing importance of enhancing crop traits to meet the growing global food demand. Technological innovations that enable more precise and efficient phenotyping are critical, as they allow for the rapid screening of thousands of plants, making the breeding process more productive. The expansion of biotechnological applications in agriculture and the need for crops optimized for biofuel production are also significant growth drivers.
Additionally, governmental and private funding in agritech innovations encourages further development and adoption of phenotyping technologies. Changes in consumer behavior, such as heightened awareness about environmental issues and demand for sustainably produced food, bolster the adoption of advanced agricultural techniques, including phenotyping, to ensure agricultural practices meet future needs sustainably and efficiently.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Plant Phenotyping Equipment segment, which is expected to reach US$240.7 Million by 2030 with a CAGR of a 10.9%. The Plant Phenotyping Software segment is also set to grow at 12.2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $43.9 Million in 2023, and China, forecasted to grow at an impressive 10.6% CAGR to reach $34.3 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Plant Phenotyping Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Plant Phenotyping Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Plant Phenotyping Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Keygene NV, Delta-T Devices Ltd., Qubit Systems Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 13 Featured):
- Keygene NV
- Delta-T Devices Ltd.
- Qubit Systems Inc.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- Keygene NV
- Delta-T Devices Ltd.
- Qubit Systems Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 95 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 186.6 Million |
| Forecasted Market Value ( USD | $ 386 Million |
| Compound Annual Growth Rate | 10.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 3 |
