Global Plant Cell Culture Equipment Market is segmented by end use (greenhouse, field, laboratory), by equipment (seed germinators, incubators, centrifuges, microscopes, sterilizers, others), by application (plant research, breeding, product development, quality assessment), Geography (North America, Europe, Asia Pacific, Middle East & Africa and South America) – is expected to reach US$ 1074.22 Mn by 2026.
Rising adoption of plant cell culture equipment in horticulture, forestry, and plant sciences is estimated to boost market expansion over the forecast period. Transgenic plants are the ones whose genomes are improved using genetic engineering processes in order to introduce more species or new traits to the plant. Inserting a combination of genes in a plant makes the plant more productive.
Transgenic plants are also produced to cater to specific needs of the pharmaceutical sector. Emergence of numerous genetic engineering processes is anticipated to drive the market over the forecast period. Rapidly rising population has boosted the demand for agricultural produce, so augmenting the growth of this market. Opportunities of the plant cell culture equipment market are examined for price, cost and gross. These three points are analyzed for types, companies, and regions. In continuation with this data, sale price is for several types, applications and region is also involved.
Breeding accounted the highest market share in 2017
In terms of application, Breeding accounted the highest market share in 2017, owing to the fact that a lot of techniques for plant breeding have been developed, which utilize plant cell culture to regenerate plants. Plant cell culture offers various advantages in plant breeding. Plant research application segment is projected to have the highest CAGR during forecast period.
The laboratory segment accounted for the highest share in 2017
In terms of end use, the laboratory segment accounted for the highest share in 2017. Greenhouse segment is expected to expand at the highest CAGR over the forecast period. A plant culture greenhouse is usually equipped with computer control system, air filter equipment, air pressure controller, illumination controller, and temperature & humidity controller.
The North America regional market is projected to hold the largest market share
In terms of region, North America regional market is estimated to witness a significant growth owing to rising research activities in plant cell culture equipment market. Given its natural resources, Canada has always been a robust player in the agriculture industry with its heavy investments in the R&D activities.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Thermo Fisher Scientific, Inc., Tecan Group Ltd., LGC Limited, LabRepCo, Inc., Geneq, Inc., and Conviron.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Plant Cell Culture Equipment Market. Report encompasses the market by different segments and region, providing the in-depth analysis of the overall industry ecosystem, useful for making informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Plant Cell Culture Equipment Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Plant Cell Culture Equipment Market positioning of competitors.
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