Report Code: A16628 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Plant Phenotyping Market
Request Now !The global plant phenotyping market is experiencing significant growth and is expected to grow considerably in the next few years. Plant phenotyping is the science of studying various characteristics of plants. It is the foundation of any breeding selection process in agriculture and the scientific community. It is a scientific process used for collecting individual data points of measurable features of plants’ genes. This collected data comprises plants’ physiological features, such as photosynthetic processes, water status, biochemical properties of the surface, temperatures, and diseases. This data is used in the research process of plant breeding, agricultural monitoring, in the development of fertilizers, and for other vital research related to plants. In addition, plant phenotyping is done either manually or by machines. Further, the key market players in the plant phenotyping industry are involved in offering equipment, software, and sensors. These players adopt advanced technologies to increase the efficiency and productivity of their products and services to sustain the competition in the plant phenotyping market.
Market Scope and Structure Analysis
Description
Plant phenotyping often uses invasive and non-invasive technologies to measure complex traits of plants related to its growth, yield, and adaptation to stress, with an improved accuracy and precision at different scales. This data is very useful in increasing the productivity of the crops and developing related products. Major applications of the plant phenotyping are high-throughput screening, trait identification, photosynthetic performance and morphology.Â
COVID-19 Impact Analysis
Top Impacting Factors
Around 40% of the global population is involved in agribusiness as their core occupation, and to increase the productivity of their crops, farmers are adopting new technology. This is anticipated to increase demand in the plant phenotyping market. The global population is expected to increase to 9.5 billion in 2050 from 7.8 billion in 2021. This trend will increase the demand for agricultural products, and to create productive crops, plant phenotyping is used, thereby increasing the demand for the plant phenotyping market. Furthermore, key market players in the agriculture sector are continuously innovating their products, and for this purpose, they rely heavily on research done on plants. This is expected to increase demand in the plant phenotyping market. However, the expensive nature of the services is one of the restraining factors, hindering the growth of the plant phenotyping market. Contrarily, technological developments in plant phenotyping products and services such as adoption of remote sensing, the latest HD cameras and other sensors, artificial intelligence (AI), and others can boost the efficiency of the equipment. This is expected to create lucrative opportunities for the growth of the plant phenotyping market during the forecast period.
Market Trends  Â
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Plant Phenotyping Market Report Highlights
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