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New York, December 29, 2020 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Plant Genomics Market – A Global Market and Regional Analysis: Focus on Product Offer, Technology, Application, Farm Produce, Patent, Government Programs and Funding – Analysis and Forecast, 2020-2025 “- https://www.reportlinker.com/p06001223/?utm_source=GNW
• Technology – DNA / RNA sequencing, bioinformatics, genotyping, marker-assisted selection and others
• Product offering – Hardware device, software / platform and support services
• Farm products – Cereals, fiber plants, oilseeds, legumes, vegetables, fruits, roots and tubers and nuts
• Region – North America, South America, Europe, UK, China, Asia-Pacific Japan and Middle East & Africa
Regional segmentation
• North America – United States, Canada and Mexico
• South America – Brazil, Argentina, Chile and the rest of South America
• Europe – Germany, France, Italy, Spain, Netherlands and rest of Europe
• UNITED KINGDOM
• China
• Asia-Pacific and Japan – Japan, India, Australia, South Korea and rest of Asia-Pacific and Japan
• Middle East and Africa – Israel, South Africa, Saudi Arabia and the rest of the Middle East and Africa
Activity drivers
• Growing need to improve crop characteristics
• Growing need to reduce crop losses
• Reduced costs of DNA sequencing and synthesis
Business challenges
• High initial deployment cost
• Lack of awareness of the manipulation of modern plant genomics technologies in developing countries
Market opportunities
• Favorable government initiatives to support research and development
• Growing opportunity to use next generation sequencing technologies
Profile of the main plant genomics companies
Eurofins Scientific, Illumina, Inc., Front Range Biosciences, Qiagen, NRGene, Neogen Corporation, Keygene NV, LC Sciences, LLC., Traitgenetics GmbH, Novogene Co., Ltd., Oxford Nanopore Technologies, Genewiz, BGI Genomics Co. Ltd. , Floragenex, Inc., Genotypic Technology Pvt. Ltd.
Key questions addressed in this report:
• What is the expected size of the global plant genomics market in terms of value during 2019-2025?
• What is the expected future scenario and revenue generated from the application segments including yield management, herbicide tolerance and disease resistance?
• What is the predicted future scenario and revenue generated by the different types of product offerings including hardware, software / platforms and support services, during the forecast period 2020-2025?
• What is the expected future scenario and revenues generated by the different types of technologies including DNA / RNA sequencing, genotyping, marker-assisted selection and bioinformatics during the forecast period 2020-2025?
• What is the expected future scenario and revenues generated by plant genomics for different agricultural products, including grains, oilseeds, fiber, fruits and vegetables, among others?
• What are the different regulations present in the different regions concerning the development of crops through plant genomics?
• Which region is the largest market for the global plant genomics market?
• What is the expected future scenario and the revenues generated by the different regions and countries in the plant genomics market?
• What is the competitive strength of the major players in the plant genomics market based on the analysis of their recent developments, their product offerings and their regional presence?
• Where do the leading plant genomics companies stand in their competitive benchmarking against market coverage and potential factors?
• What is the landscape of government initiatives in the different regions and countries in the plant genomics market?
• What is the funding and investment landscape in the global plant genomics market?
• What are the main consortia and associations in the global plant genomics market and what is their role in the market?
• What are the dynamics of the global plant genomics market including market drivers, restraints, and opportunities?
• What has been the impact of COVID-19 on the global plant genomics market?
Market overview
The global plant genomics market is expected to grow from $ 7.26 billion in 2020 to $ 12.26 billion by 2025, with a CAGR of 11.06% from 2020 to 2025. Need to reduce crop losses and reduce the cost of DNA sequencing and synthesis.
Plant genomics has several applications such as yield management, disease resistance and herbicide tolerance. The use of plant genomics technologies, such as DNA / RNA sequencing, genotyping, marker-assisted selection and bioinformatics, is expected to increase plant growth. genomics in the technology sector.
Moreover, the depletion of agricultural land and the increasing demand for fresh agricultural products throughout the year are expected to propagate the growth of the plant genomics market.
Competitive landscape
The competitive landscape of the Plant Genomics market consists of various strategies undertaken by leading industry players to gain presence in the market.The competitive landscape of the Plant Genomics market demonstrates a trend towards adopting strategies by businesses, such as product launch and development and partnerships, collaborations and joint ventures.
The major established players in the market are focusing on partnerships, collaborations and joint ventures to introduce new technologies or further expand on the existing product portfolio. KeyGene, NV, Novogene, Oxford Nanopore Technologies, Genewiz, Front Range Biosciences and Eurofins Scientific are among the main players in the plant genomics market. The market is very fragmented with the presence of a large number of small and medium enterprises which are in competition with each other and large companies.
Regional market dynamics
The global plant genomics market occupies a large share in various countries in North America and Europe. North America is at the forefront of the global plant genomics market, with a high market penetration rate in the United States and Canada, which are expected to show strong market growth over the next five years. .
During the forecast period 2020-2025, Asia-Pacific and Japan region is expected to flourish as one of the most lucrative markets for plant genomics, Asia-Pacific and Japan region is expected to present significant opportunities for growth for plant genomics due to increased optimism in the economic conditions of these countries.
The countries of this region present immense market development possibilities, due to the increasing size of the urban population, the increasing market penetration of advanced technologies, favorable government investments in the adaptation of innovative agricultural technologies.
Covered countries
• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Chile
• UNITED KINGDOM
• Middle East and Africa
• Israel
• South Africa
• Saudi Arabia
• Rest of the Middle East and Africa
• China
• Europe
• Germany
• Italy
• France
• Spain
• Netherlands
• The rest of Europe
• Asia-Pacific and Japan
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific and Japan
Read the full report: https://www.reportlinker.com/p06001223/?utm_source=GNW
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