The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increased demand for genetically modified plants is likely to promote plant genomics manufacturing innovation, boosting the market during the forecast period.

The global plant genomics market is expected to grow from $9.36 billion in 2022 to $10.21 billion in 2023 at a compound annual growth rate (CAGR) of 9%. The global plant genomics market size is expected to reach $14.27 billion in 2027 at a CAGR of 8.7%.

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Global Plant Genomics Market Segments Include:

• By Type: Molecular Engineering, Genetic Engineering, Genome Editing
• By Trait: Yield Improvement, Disease Resistance, Herbicide Tolerance
• By Technology: DNA And RNA Sequencing, Genotyping, Marker-Assisted Selection (MAS), Bioinformatics
• By Application: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global plant genomics market in 2021.

Major Market Players in the plant genomics market include Agilent Technologies Inc., Illumina Inc., Eurofins Scientific SE., NRGene Ltd., Keygene N.V., Neogen Corporation, QIAGEN N.V, LC Sciences, TraitGenetics GmbH, Novogene Corporation.

Technological progress is a crucial trend that is gaining traction in the plant genomics industry. To strengthen their market position, major plant genomics firms are focusing on establishing innovative solutions and technology centres. For example, Nucleome Informatics Pvt. Ltd., an India-based biotechnology company, will open its most advanced genomics facility, the NKC Centre for genomic research, in September 2021. This lab can generate high-quality reference genomes, sequence the full transcriptome and metagenome, resequence the genomes to discover SNPs and SVs, construct SNP chips, and genotype hundreds of samples. With the advent of this new lab, Nucleome is currently the sole facility in India capable of undertaking comprehensive hybrid genome and transcriptome research projects.

The Plant Genomics Global Market Report 2023  provides a plant genomics market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The plant genomics market forecast analyzes plant genomics market size, plant genomics market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Plant genomics is the study of an entire plant genome’s genetic make-up, organisation, functions, relationships, or networks through sequencing, characterisation, and analysis. It is used to produce novel crop types by obtaining genome-level information on plant metabolism, physiology, and growth.

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