by The global plant phenotyping market is estimated to be valued at US$ 183.8 Mn in 2023 and is expected to exhibit a CAGR of 11.2% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Plant phenotyping refers to the quantification of plant traits for understanding their functional role in plant growth and development. Plant phenotyping solutions offer various advantages such as non-destructive and accurate measurement of plant traits, enabling researchers to study the plant-environment interactions, monitor plant performance, and improve crop yield. The need for plant phenotyping products is increasing in the agricultural industry to address the challenges of food security and sustainable agriculture. These solutions aid in identifying desirable plant traits, selecting superior varieties, and optimizing crop management practices, ultimately leading to improved crop productivity and quality.
Market Key Trends:
The key trend driving the plant phenotyping market is the increasing adoption of advanced imaging techniques for plant analysis. Advanced imaging technologies such as hyperspectral imaging, multispectral imaging, and thermal imaging provide high-resolution imaging of plants, enabling precise measurement of various traits such as leaf area, chlorophyll content, water content, and stress levels. These imaging techniques facilitate non-invasive and real-time monitoring of plant health, growth, and response to environmental conditions. The integration of image analysis software with these imaging techniques allows automated and efficient data processing, reducing the time and effort required for data analysis. The adoption of advanced imaging techniques in plant phenotyping is expected to enhance the accuracy and efficiency of plant trait measurements, driving the growth of the market.
Segment Analysis:
The plant phenotyping market can be segmented based on technology, application, and end-user. In terms of technology, the market can be divided into remote sensing, high-throughput phenotyping, and imaging. High-throughput phenotyping is the dominating sub-segment in this market. This is due to the increasing demand for efficient and accurate plant phenotyping techniques. High-throughput phenotyping allows for rapid data collection and analysis, enabling researchers to study large populations of plants quickly and effectively. This technology is widely used in plant breeding programs, genetic research, and crop protection, driving its dominance in the market.
Key Takeaways:
The Global Plant Phenotyping Market Size is expected to witness high growth, exhibiting a CAGR of 11.2% over the forecast period of 2023-2030. This growth is primarily driven by the increasing adoption of advanced plant phenotyping technologies and the growing focus on improving crop yield and productivity. Additionally, the rising demand for sustainable agricultural practices and the need for better understanding of plant behavior are also contributing to the market growth.
In terms of regional analysis, North America is expected to be the fastest-growing and dominating region in the plant phenotyping market. This can be attributed to the presence of leading players in the region, strong government support for research and development activities, and the availability of advanced infrastructure and technologies. Furthermore, the region has a significant focus on agriculture and is witnessing an increasing demand for high-quality crops, driving the adoption of plant phenotyping techniques.
Key players operating in the plant phenotyping market include 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. These players are actively engaged in developing innovative technologies and strategic collaborations to expand their market presence and gain a competitive edge. The market is highly competitive, with key players focusing on product advancements, research and development activities, and mergers and acquisitions to strengthen their position in the market.
Overall, the plant phenotyping market is witnessing significant growth and is expected to continue its upward trajectory in the coming years. The increasing focus on precision agriculture, advancements in imaging technologies, and the need for sustainable crop production are driving the demand for plant phenotyping solutions. Key players in the market are actively investing in research and development and collaborations to capture a larger market share.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
