by Market Overview:
Plant phenotyping refers to the precise and non-destructive monitoring of the physical and physiological characteristics of plants. It provides detailed and quantitative information of plants’ responses to genetic and environmental factors with high spatial and temporal resolution. Key applications of plant phenotyping technologies include breeding, genetic analysis, and ideotype research. Modern phenotyping platforms automatically collect data on root architecture, leaf morphology, water usage, photosynthesis, disease resistance, and other important traits. Sensors and imaging techniques are used for high-throughput screening of plants. For instance, hyperspectral and multispectral imaging detect physiological changes in plants due to stresses and analyze gene expression patterns. advanced phenotyping helps shorten breeding cycles and accelerate the development of new crop varieties with desirable traits.
The plant phenotyping market is estimated to be valued at US$ 227.28 Mn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Increasing adoption of plant breeding programs fueled by rising global demand for food is a major driver for the plant phenotyping market. Modern phenotyping technologies aid in developing crops with higher yields, enhanced nutrient-use efficiency, and tolerance to biotic and abiotic stresses. As conventional breeding approaches are time-consuming, adoption of high-throughput phenotyping is growing among seed companies and research organizations. Additionally, advancement of imaging, robotic, and AI technologies is enabling precise acquisition of multiple phenotypic traits simultaneously. This is further augmenting the demand for automated phenotyping solutions. Furthermore, initiatives by public and private organizations to promote precision farming and open-access plant research facilities are supporting the market growth. However, high installation and operational costs of phenotyping platforms is a challenge, especially for small breeders in developing regions.
Segment Analysis
The global plant phenotyping market is dominated by the equipment segment. This segment held around 60% share of the overall market in 2022 owing to high demand for plant phenotyping equipment such as image analysis systems, sensors, and other devices for high-throughput field-based phenotyping. Additionally, the rapidly growing horticulture and agriculture industries have increased the requirement for advanced phenotyping systems for screening plants and collecting data about traits of interest at various growth stages.
PEST Analysis
Political: Supportive initiatives by governments around the world for adoption of precision agriculture and funding for R&D in plant phenotyping technologies will positively influence the market growth.
Economic: Growing global population and rising demand for food have necessitated boosting agricultural productivity through efficient technologies. This presents huge opportunities for plant phenotyping equipment and software providers.
Social: Consumers are increasingly health-conscious and prefer food produced in a sustainable way. Plant phenotyping assists breeders in developing crops optimized for nutrition, resilience to biotic/abiotic stresses.
Technological: Advancements in machine vision, sensors, and data analytics have made high-throughput field phenotyping viable. Further developments in phenomics, automation, and phenotyping platforms will drive the market.
Key Takeaways
The Global Plant Phenotyping Market Size is expected to witness high growth, exhibiting CAGR of 11% over the forecast period, due to increasing demand for higher crop yields and quality to ensure global food security.
The Asia Pacific region is poised to emerge as the fastest growing as well as most lucrative regional market over the coming years. Countries like India and China are major agricultural producers and witnessing significant government fostering of precision farming practices using phenotyping.
Key players operating in the plant phenotyping market are 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. BASF and Lemnatec have established strong presence owing to their wide portfolio of sensors, cameras and image analysis software solutions.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
