Plant Phenotyping Market Size, Share, Growth Opportunities, Industry Analysis, and Forecast to 2027
According to a research report “Plant Phenotyping Market by Product (Equipment (Site, Platform/Carrier, Application, Analysis Systems, Automation Level), Sensors (Image Sensors, NDVI Sensors, Temperature Sensors), and Software), Service, and Region – Global Forecast to 2027″ published by MarketsandMarkets, the global plant phenotyping market is projected to grow to USD 437 million by 2027, growing at a CAGR of 12.9% during the forecast period. Increasing expansions and investments for plant phenotyping in developed regions is a major factor driving the plant phenotyping market. Further to this, rising importance of sustainable crop production using improved crop varieties is also major factor triggering the market growth of plant phenotyping.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=236591018
Plant Phenotyping Market Growth Opportunities:
The plant phenotyping market is projected to experience significant growth in the coming years. This growth is driven by several factors, including:
1. Increased demand for food security: The world population is projected to reach nearly 10 billion by 2050, leading to an increased demand for food production. This is driving the need for more efficient and sustainable agricultural practices, which in turn is driving demand for plant phenotyping technologies.
2. Advancements in technology: The development of new and improved plant phenotyping technologies, such as high-throughput imaging systems, is expected to drive market growth.
3. Government funding and support: Governments around the world are investing in agriculture and food security, which is leading to increased funding for plant phenotyping research and development.
4. Growing demand for precision agriculture: The adoption of precision agriculture practices is increasing, which is driving demand for plant phenotyping technologies. Precision agriculture allows for more efficient use of resources, such as water and fertilizer, which is important for sustainable agriculture practices.
Overall, the growing demand for food security, advancements in technology, government funding and support, and the adoption of precision agriculture practices are all driving the growth of the plant phenotyping market.
Request Sample Pages of the Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=236591018
Europe dominated the market in 2021 with a share of 37.8%, while Asia Pacific is projected to grow at the highest CAGR of 13.9% from 2022 to 2027.
High emphasis on funding for plant phenotyping experiments from the government and other organizations in Europe and North America has played a vital role in the growth of the plant phenotyping market in these regions.
Developing countries in the Asia Pacific region are likely to witness strong demand for plant phenotyping products and services, especially for being able to meet challenges for the food, fuel, and feed demand for the growing population in such countries, along with being able to develop plants that can survive the changing climatic conditions in these countries.
Key companies in the market include plant phenotyping product manufacturers [such as LemnaTec GmbH (Germany), Delta-T Devices Ltd. (UK), CropDesign – BASF SE (Germany), Heinz Walz GmbH (Germany), Phenospex B.V. (Netherlands), WPS (Netherlands), Phenomix (France), Photon Systems Instruments (Czech Republic), and Qubit Systems (Qubit Phenomics) (Canada)] as well as service providers [such as KeyGene N.V. (Netherlands), Rothamsted Research Limited (UK), The Vienna Biocenter Core Facilities GmbH (VBCF) (Austria), and Equinom (Netherlands)]. These companies have been continuously developing their products and services in response to advanced theories based on spectrometry and imagery techniques.
Get 10% Free Customization on this Report @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=236591018
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/plant-phenotyping-market-236591018.html
