The Global Plant Genome Technologies market is expected grow at an astronomical rate in the forecast period. The growth is accredited to burgeoning application of genomics in plant breeding, rising demand for improved crop varieties along with escalating investment in agricultural production and surging government funding in plant genome. Furthermore, accelerating application of novel DNA sequencing technologies, increasing spending by the market players in R&D and robust inclination toward advanced technologies for better yielding of crops are the factors anticipated to propel the growth of the market in the forecast period.
According to MarkNtel Advisors’ research report “Global Plant Genome Technologies Market Analysis, 2020”, the Global Plant Genome Technologies market is anticipated to grow at a CAGR of around 7.5% during 2021-26. Based on Type, Molecular Engineering segment is growing at a fastest rate owing to the factors such as rising demand for crop applications coupled with rapid adoption by developed countries such as the US, France, Germany, and the UK, and rising growth opportunities on a commercial scale are the key driver driving the positive market growth.
“Global Plant Genome Technologies Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Plant Genome Technologies providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
Asia Pacific Exhibits Fastest Growth
Asia-Pacific is acquired the significant share in the market in Global Plant Genome Technologies market in 2019. The growth of the region is attributed to burgeoning investments toward biotechnology research on food crops due to rising food requirements, surging adoption of modern plant breeding techniques, and introduction of advanced plant technology by the leading players. Moreover, escalating government investment in R&D of agricultural biotechnology in China, Japan is anticipated to strongly contribute toward the growth of the Plant Genome Technologies Market in the forthcoming period as stated in MarkNtel Advisors’ research report “Global Plant Genome Technologies Market Analysis, 2020”.
According to MarkNtel Advisors’, the key players with a considerable market share in the Global Plant Genome Technologies market are Eurofins Scientific, Illumina, Inc., Agilent Technologies, Qiagen, Nrgene, Neogen Corporation, Keygene, LC Sciences, Traitgenetic GmbH, Novogene Corporation, Oxford Nanopore Technologies, Genewiz, BGI Genomics, Floragenex, Genotypic Technology Pvt. Ltd.
Key questions answered in the study: