Growing Demand for Plant Phenotyping Market Solutions Drives the Global Market to Reach US$ 183.8 Mn by 2021-2028
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| Plant Phenotyping Market |
The global Plant Phenotyping Market is estimated to be valued at US$ 183.8 Mn in 2022 and is expected to exhibit a CAGR of 11.2% over the forecast period of 2021-2028, as highlighted in a new report published by Coherent Market Insights.
A) Market Overview:
Plant phenotyping refers to the measurement and analysis of plant growth, development, and performance. It involves capturing and analyzing various phenotypic traits to understand the plant's response to various environmental factors and stress conditions. The market for plant phenotyping solutions is driven by the increasing need for crop improvement and maximizing agricultural productivity. Plant phenotyping enables the identification of desirable traits, such as yield potential, stress tolerance, and disease resistance, which helps in crop breeding and genetic research. The adoption of advanced technologies, such as remote sensing, imaging techniques, and precision agriculture, further enhances the accuracy and efficiency of plant phenotyping.
B) Market Key Trends:
One key trend in the plant phenotyping market is the integration of artificial intelligence (AI) and machine learning (ML) technologies. AI and ML algorithms can analyze large datasets generated through imaging techniques and provide valuable insights into plant growth and performance. These technologies enable real-time monitoring of plant health, disease detection, and yield prediction. Additionally, the use of AI and ML in plant phenotyping helps in automating data analysis and decision-making processes, reducing human error and improving efficiency. This trend is expected to drive the adoption of advanced plant phenotyping solutions and enhance the overall productivity and sustainability of agriculture.
Segment Analysis:
The Plant Phenotyping market can be segmented based on the type of measurement, application, and end-user. The dominant segment in this market is the type of measurement segment, which includes traits such as plant height, leaf area, and chlorophyll content. This segment is dominating because these traits play a crucial role in determining various aspects of plant growth, health, and productivity. For example, plant height is an important trait when assessing the impact of environmental factors such as drought or nutrient deficiency on plant growth. Similarly, leaf area and chlorophyll content are indicative of a plant's photosynthetic capacity and overall health.
Key Takeaways:
The global Plant Phenotyping Market Trend is expected to witness high growth, exhibiting a CAGR of 11.2% over the forecast period (2021-2028). This growth can be attributed to the increasing demand for improved crop yield and quality, as well as the need for precise and efficient phenotyping techniques. The market is driven by factors such as technological advancements in imaging and automation systems, the rising awareness about the importance of plant phenotyping in crop improvement programs, and the growing adoption of plant phenotyping techniques in research and development activities.
In terms of regional analysis, North America is expected to be the fastest-growing and dominating region in the Plant Phenotyping market. This can be attributed to factors such as the presence of key players in the region, increasing investments in agricultural research, and the adoption of advanced phenotyping technologies by research institutes and agricultural organizations. Moreover, the region has a well-established infrastructure for agricultural research and development, which further fuels market growth.
Key players operating in the Plant Phenotyping market include BASF SE, Phenospex, WIWAM, Lemnatec Corporation, Plant-DiTech, Hiphen, Delta-T Devices Ltd., Phenomix, Keygene, Qubit Systems, WPS B.V., Photon Systems Instruments, Vienna Biocenter, Heinz Walz Gmbh, CropDesign, and Rothamsted Research. These key players are focused on strategies such as product innovations, collaborations, and partnerships to gain a competitive edge in the market. Their strong market presence, technological expertise, and extensive product portfolios contribute to their dominance in the Plant Phenotyping market.
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