According to Data Bridge Market Research new Market report, global plant phenotyping market will account to an estimated USD 159.3 million in 2018 growing at a CAGR of 11.0% during the forecast period of 2019 to 2026.
Global Plant Phenotyping Market
Plant phenotyping is a type of life and bio-sciences process which helps in the identification of growth factors of crops and plants. It helps in enhancement of the configuration of plants at the molecular and biochemical levels so that they can survive in extreme conditions with scarce resources. It also helps in gaining knowledge regarding the effects of nutrients and additives on crops and plants resulting in increased productivity with fewer amounts of resources.
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Segmentation: Global Plant Phenotyping Market
Global plant phenotyping market is segmented on the basis of products, equipment, application, services and geography.
By Products (Equipment, Software, Sensors), Equipment (Site, Platform/Carrier, Level of Automation, Analysis System), Application (High-Throughput Screening, Trait Identification, Photosynthesis Performance, Morphology & Growth Assessment, Nutrient Management, Abiotic Stress Management, Pathogen Interaction, Chemical Screening, Nutrient Effect Measurement), Services (Measurement & Data Analysis, Statistical Analysis) and Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
FACTORS DRIVING GROWTH IN PLANT PHENOTYPING MARKET
High levels of food grains demand and supply
According to India Food Security Portal, with increasing levels of population in India there is expected to be a high demand of food grains. This rapid rise in demand for food grains from the population is expected to face challenges due to the performance of the productivity of agricultural industry. Depletion of natural resources along with the global warming has deemed the need for innovative ways for increasing the productivity of farmers and land. This has deemed a rise in application of plant phenotyping which enhances and measures the performance of individual crops.
Key Market Competitors: Global Plant Phenotyping Market
Few of the major competitors currently working in the plant phenotyping market are BASF SE, Heinz Walz GmbH, PSI (Photon Systems Instruments) spol. s r.o., QUBIT SYSTEMS, Keygene N.V., Delta-T Devices Ltd, PHENOSPEX, WPS, WIWAM, Rothamsted Research, Phenomix Corp., VIB, VBCF and SMO bvba.
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