Plant Phenotyping Market: Segmented: By Product Type (Equipment, Software, Sensors), By Analysis System (Image Analysis, Data Acquisition, Others), By Site (Laboratory, Greenhouse, and Others), By Application (High-throughput screening, Trait identification, Photosynthetic performance, Morphology and Growth Assessment, Others) And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032
[170+ Pages Research Report] Plant Phenotyping market to surpass USD 0.64 billion by 2032 from USD 0.20 billion in 2021 at a CAGR of 11.2% in the coming years, i.e., 2022-32.
Phenotype refers to an organism’s observable characteristics or traits. Plant Phenotyping refers to the quantitative assessment of anatomical, physiological, ontogenetic, and biochemical properties of plants. The phenotypic data is helpful in plant breeding, development of fertilizers, plant health monitoring, and various other research studies. Plant phenotyping helps in improving crop quality and producing high-yield crops. Plant phenotyping is bifurcated by product type into equipment, sensors, and software. Sensors include Image sensors, NDVI sensors, Temperature sensors, and others. Plant phenotyping has major applications in trait identification, morphology and growth assessment, photosynthetic performance, and high-throughput screening.
Plant Phenotyping market is expected to project a notable CAGR of 11.2% in 2032.
Rising food demand and seed-borne diseases, advancement in technologies, research and development activities to launch new equipment are driving the growth of Plant Phenotyping market.
Equipment segment holds the largest market share
Plant Phenotyping market is classified on the basis of product type into Equipment, Software, and Sensors. Equipment segment is dominating the market with the largest market share. Huge demand from plant breeders for equipment like drones and conveyor systems that are used to identify various plant characteristics is driving the market growth. Also, availability of a wide range of equipment for use in labs and greenhouses is contributing in the growth of Plant Phenotyping market.
Image Analysis segment holds the largest market share
Plant Phenotyping market is fragmented on the basis of analysis systems into Image Analysis, Data Acquisition, and Others. Image Analysis segment is dominating the market with the largest market share. The growth is attributed to the growing demand for image-based plant phenotyping utilizing digital cameras. This analysis system takes less time and provides high-throughput plant trait data.
Surge in Global Food Demand and Rising Cases of Seed-borne Diseases
The exponential rise in the global population has resulted in huge demand for food. Adoption of advanced agriculture techniques will cater to the rising demand and food shortages in many countries. Plant phenotyping is one such technique that is used to produce high-yield crops and to improve quality of the crops. Seed-borne diseases are increasing rapidly which are destroying crops and also leading to food wastage. Plant phenotyping technique helps in the early detection of diseases in plants and segregates disease-free plant breeds.
Advancement in Technologies and Research & Development Activities
Advancement in plant phenotyping technologies will improve plant health monitoring, minimize losses incurred in the production of crops and enhance the selection of breeding efforts. Automation in the application of imaging sensors and growing use of drones and conveyor systems by breeders are boosting the market growth. Furthermore, growing adoption of remote sensing solutions and ongoing research and development activities to launch new equipment with advanced capabilities will create lucrative opportunities for market growth.
Absence of Conceptual & Technical Awareness
The absence of conceptual and technical awareness related to plant phenotyping is restraining the growth of the market. Moreover, limited funding in emerging nations has resulted in lesser adoption which is impeding the growth of Plant Phenotyping market.
Recent Developments
Plant Phenotyping market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America is dominating the global market with the largest share. Growing government investments in agriculture sector and adoption of advance technologies in the region are boosting the growth of the market. Furthermore, Europe holds a significant share in the Plant Phenotyping Market owing to the presence of key market players in the region.
Coronavirus pandemic has adversely affected the economies around the globe. Nationwide lockdown regulations were imposed in many countries to control the spread of the virus and social distancing norms were strictly followed by the citizens. Covid-19 negatively impacted the Plant Phenotyping Market. The production of various equipment was halted and the services sector was hit hard during the pandemic which made it difficult for companies to operate efficiently.
Plant Phenotyping Market is further segmented by region into:
Plant Phenotyping Market Segments:
Report Attribute | Details |
Market size value in 2021 | USD 0.20 billion |
Revenue forecast in 2032 | USD 0.64 billion |
Growth Rate | CAGR of 11.2% from 2022 to 2032 |
Base year for estimation | 2021 |
Quantitative units | Revenue in USD million and CAGR from 2022 to 2032 |
Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered | Product Type, Analysis System , Site, Application, and Region |
Regional scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
Key companies profiled | WIWAM, Heinz Walz Gmbh, Lemnatec Corporation, Delta-T Devices Ltd., Keygene, Qubit Phenomics, WPS B.V., Photon Systems Instruments, Vienna Biocenter, Rothamsted Research, Hiphen, Phenospex, Plant-DiTech, BASF, Phenomix, and Other Prominent Players |
Plant Phenotyping Market size was estimated at USD 0.20 billion in 2021 and is expected to reach USD 0.64 billion in 2032.
Plant Phenotype refers to the quantitative assessment of anatomical, physiological, ontogenetic, and biochemical properties of plants. The phenotypic data is helpful in plant breeding, development of fertilizers, plant health monitoring, and various other research studies.
Equipment, and Image Analysis segment accounted for the largest Plant Phenotyping Market share.
Key players: WIWAM, Heinz Walz Gmbh, Lemnatec Corporation, Delta-T Devices Ltd., Keygene, Qubit Phenomics, WPS B.V., Photon Systems Instruments, Vienna Biocenter, Rothamsted Research, Hiphen, Phenospex, Plant-DiTech, BASF, Phenomix, and Other Prominent Players are the key players in the Plant Phenotyping Market.
Surge in Global Food Demand and Rising Cases of Seed-borne Diseases, and Advancement in Technologies and Research & Development Activities are the factors driving the Plant Phenotyping Market.
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