Global Plant Phenotyping Market 2019-2023| Technological Advances to Boost Demand | Technavio
LONDON--(BUSINESS WIRE)--Dec 20, 2018--The global plant phenotyping market is expected to post a CAGR of close to 11% during the period 2019-2023, according to the latest market research report by .
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Technavio has released a new market research report on the global plant phenotyping market for the period 2019-2023. (Graphic: Business Wire)
A key factor driving the growth of the global plant phenotyping market is the global increase in adoption of biotech seeds and the need for seed screening. Biotech seeds are extensively cultivated in the US, Canada, Argentina, Brazil, China, and India. Several countries in Africa, including South Africa, Kenya, Ethiopia, Nigeria, Malawi, and Sudan have also started producing biotech seeds to gain food security and alleviate poverty and hunger. The demand for biotech seeds for production of biotech crops is expected to increase. Seed phenotyping science helps researchers to quantify phenotypic traits so that they can analyze the seed performance in the field based on the requirements of the farmers and of the end products. This factor is expected to drive the market growth.
This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the technological advances in plant phenotyping solutions as one of the key emerging trends in the global plant phenotyping market:
Global plant phenotyping market: Technological advances in plant phenotyping solutions
There have been several technological advances in the global plant phenotyping market over the last few years which includes flexible, and field-based plant phenotyping solutions. One such advancement includes Microphenotron, an automated phenotype screening platform. Microphenotron system can integrate large numbers of individual chemical treatments with a detailed analysis of whole-seedling development such as root system development. The developments such as these will boost the growth of the global plant phenotyping market.
“The increasing number of agricultural operations will require authorities to ensure that the products are free from contamination and adhere to quality standards. As a result, the global demand for plant phenotyping will increase during the forecast period,” says a senior analyst at Technavio for research on bio-chemicals and bio-materials.
Global plant phenotyping market: Segmentation analysis
This market research report segments the global plant phenotyping market by product (hardware, and software and services), and geographical regions (APAC, EMEA, and the Americas).
The EMEA region led the market in 2018 with a market share of over 45%, followed by the Americas and APAC respectively. Although the APAC held the smallest share of the market in 2018, it is expected to register the highest incremental growth during the forecast period.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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SOURCE: Technavio Research
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PUB: 12/20/2018 10:35 AM/DISC: 12/20/2018 10:35 AM