Plant Tissue Culture Market Expected to Reach $895.00 Million by 2030

According to a new report published by Allied Market Research, titled, " Plant tissue culture market By Crop Type, Stage, Plant Type, Type Of Media, Type Of Growth Container, Cost Component, Variety, End User, Buyer, Sales Channel, And Region: Global Opportunity Analysis and Industry Forecast, 2021–2030," the global plant tissue culture market was valued at $382.305 million in 2020, and is estimated to reach $895.006 million by 2030, growing at a CAGR of 8.5% from 2021 to 2030.

Plant tissue culture is the process of producing plants from tissues of the desired plant in an artificial nutrient medium under controlled environment. The plants so produced are expected to be exactly similar to the mother plant in all aspects.

A whole plant can be regenerated from a small tissue or plant cells in a suitable culture medium under controlled environment. The plantlets so produced are called tissue-culture raised plants. These plantlets are a true copy of the mother plant and show characteristics identical to the mother plant. For example, if the mother plant is a high yielding plant, the plantlets will also be high yielding. Many plant species are presently being propagated through tissue culture successfully.

Impact of COVID-19 Pandemic on Plant Tissue Culture Market-

The COVID-19 pandemic has impacted numerous agrosystems and associated livelihoods across the globe, with continued and knock-on effects anticipated in the coming months and years. Furthermore, the pandemic hit just as harvest activities were beginning. Impacts were felt all along the value chain, from farmer to buyer. Many migrant workers returned home to their native places, leading to major losses in the field. The labor shortage also impeded the production of millions of virus-free tissue culture plants needed for the next season, compacted by transport restrictions that halted the delivery of planting material, threatening next year’s yield. However, after opening of lockdowns, the COVID-19 crisis is expected to have a significant positive impact on the growth of the plant tissue culture market across the globe.

On the basis of crop type, the floriculture plants segment was the major revenue contributor in 2020, and is anticipated to remain dominant during the forecast period. This is attributed to the growth of cosmetics & personal care industry coupled with increasing awareness regarding medicinal properties of flower is also contributing to the market growth.

By stage, the multiplication segment dominated the market in 2020, and is anticipated to continue this trend during the forecast period. This is attributed to increasing adoption of plant tissue culture, because the multiplication stage tissue is grown as small plants or plantlets, from which many miniature-sized plants can be obtained.

Depending on plant type, the annual plants segment led the market in 2020, and is anticipated to maintain its lead during the forecast period, due to its rapid growing nature which develop more vigorous plants, and ultimately save money and increase revenue are expected to propel the growth of this segment.

By type of media, the murashige and skoog media segment dominated the market in 2020, and is anticipated to continue this trend during the forecast period. This is attributed to increasing adoption of murashige and skoog media, because it supplies all the essential elements such as macro, micro nutrients in highly balanced composition, which the plant needs during micropropogation.

On the basis of type of growth container, the glass bottles segment was the major revenue contributor in 2020, and is anticipated to remain dominant during the forecast period. Glass bottles are suitable for tissue culture because of their lids that enclose them from the outside environment.

On the basis of cost component, the personnel cost segment was the major revenue contributor in 2020, and is anticipated to remain dominant during the forecast period. A plant tissue culture personnel is responsible for preparing culture media, labeling tubes/specimen containers, inoculating, sub culturing, incubating tissue cultures, hardening plants, maintaining laboratory supplies.

By variety, the hybrid variety segment dominated the market in 2020, and is anticipated to continue this trend during the forecast period. The growing demand for hybrid variety as they offer better yield, enhanced color, significant uniformity, and disease resistance is driving the growth of the market.

By end use, the agriculture segment dominated the market in 2020, and is anticipated to continue this trend during the forecast period. The growing demand for plant tissue culture in agriculture, Plant tissue culture is becoming more popular in agriculture, and its one approach to commercialize a solution to the food scarcity problem in underdeveloped countries and allow them to cope with their fast-growing population in a restricted area of land is thus, driving the growth of the market.

On the basis of buyer, the farmers segment was the major revenue contributor in 2020, and is anticipated to remain dominant during the forecast period. Farmers improve the crop with the help of plant tissue culture by genetic enhancement, preservation and further boost the market growth.

On the basis of sales channel, the direct sales segment was the major revenue contributor in 2020, and is anticipated to remain dominant during the forecast period. There are various advantages of direct sales such as high-profit margin for both parent companies and sellers, no expense of store maintenance, and others is driving the growth of the market.

Asia-Pacific accounted for a major share in the plant tissue culture market in 2020, and is expected to maintain its dominance during the forecast period, due to rise in prevalence of diseases such as cancer, surge in academic and government investments in tissue culture-based research,  strong government support, high biopharmaceutical R&D expenditure, and the greater adoption of advanced technologies in Asia-Pacific are the key factors driving the growth of the plant tissue culture market in Europe. However, North America is expected to register highest CAGR from 2021 to 2030, owing to surge in awareness related to use of plant tissue culture technique. The presence of a large number of global players in this region is another key factor contributing to the large share of this market segment. Furthermore, focus of leading manufacturers on expanding their geographical presence in the emerging North America countries to capture high market share is expected to drive the growth of the plant tissue culture market in the region.

Key Findings of the Study

• By crop type, the floriculture plants segment was the highest contributor to the market in 2020.
• By stage, the multiplication segment was the highest contributor to the market in 2020.
• By plant type, the annual plants segment was the highest contributor to the market in 2020.
• By type of media, the murashige and skoog media segment was the highest contributor to the market in 2020.
• By type of growth container, the glass bottles segment was the highest contributor to the market in 2020.
• By cost component, the personnel cost segment was the highest contributor to the market in 2020.
• By variety, the hybrid variety segment was the highest contributor to the market in 2020.
• By end use, the agriculture segment was the highest contributor to the market in 2020.
• By buyer, the farmers segment was the highest contributor to the market in 2020
• By sales channel, the direct sales segment is projected to grow at a significant CAGR of 8.40% from 2021 to 2030.
• By region, Asia-Pacific garnered the largest revenue share in 2020, whereas North America is anticipated to grow at the highest CAGR during the review period.