Global Plant Biotechnology Services Market

Plant Biotechnology Services Market Size, Share, Growth Analysis, By Type(Genomics Services, Proteomics Services, Metabolomics Services, Analytical Chemistry), By Application(Research Institutes, Pharmaceuticals Companies, Biotechnology Companies, Academic Institutes), By Crop Type(Cereals & Grains, Fruits & Vegetables, and Oilseeds & Pulses), By Region - Industry Forecast 2024-2031

Q: What is the global market size of Plant Biotechnology Services Market?

Global Plant Biotechnology Services Market size was valued at USD 12.62 Billion in 2022 and is poised to grow from USD 14.23 Billion in 2023 to USD 37.31 Billion by 2031, growing at a CAGR of 12.8% in the forecast period (2024-2031).

Q: What is the key driver of Global Plant Biotechnology Services Market?

With increasing global population, changing food preferences and urbanization increasing demand for food production. Plant biotechnology industries offer innovative solutions to increase productivity, it improves nutrient availability and reduces the impact of environmental stressors on agriculture. Thus, the increasing importance of sustainable food production acts as a key driver for the growth of the global plant biotechnology services market.

Q: What is the key market trend for Global Plant Biotechnology Services Market?

Rising Convergence of Biotechnology A prominent trend inside the plant biotechnology services marketplace is the convergence of biotechnology with digital agriculture, mainly to the improvement of integrated solutions for precision farming. Technologies which include faraway sensing, synthetic intelligence, and records analytics are being included with biotech gear to optimize farm management practices, beautify crop tracking, and enhance selection-making methods. This fashion underscores the importance of statistics-driven insights and generation integration in driving performance and sustainability across the rural fee chain.

Report ID: SQMIG30A2018 | Region: Global | Published Date: May, 2024
Pages: 199 | Tables: 97 | Figures: 65

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Plant Biotechnology Services Market size was valued at USD 12.62 Billion in 2022 and is poised to grow from USD 14.23 Billion in 2023 to USD 37.31 Billion by 2031, growing at a CAGR of 12.8% in the forecast period (2024-2031).

The market report lists the key players in the plant biotechnology services market under various chapters on competitive landscape and company profiles. Key players are evaluated based on their product and/or service offerings, financial profile, key developments, strategy in the market, position in the market, geographic penetration, and other key factors in the market look at Competition and threats to the top three or five players in the market are highlighted and moreover, a list of the companies involved in the market research can also be made according to the needs of the client. The competitive landscape section of the report includes details in the top five companies, key developments such as recent growth, partnerships, mergers and acquisitions, new product launches etc., company region steps, and the company's industry steps according to Market and Ace Matrix of performance. 'Keygene N.V. (Netherlands)', 'Heinz Walz GmbH (Germany)', 'LemnaTec GmbH (Germany)', 'Photon Systems Instruments', 'spol. s.r.o (Czech Republic)', 'Thermo Fisher Scientific Inc.', 'Agilent Technologies', 'GenScript Biotech Corporation', 'Eurofins Scientific SE'

With increasing population, changing food preferences and urbanization increasing demand for food production. Plant biotechnology industries offer innovative solutions to increase productivity, it improves nutrient availability and reduces the impact of environmental stressors on agriculture. Thus, the increasing importance of sustainable food production acts as a key driver for the growth of the plant biotechnology services market.

Rising Convergence of Biotechnology: A prominent trend inside the plant biotechnology services marketplace is the convergence of biotechnology with digital agriculture, mainly to the improvement of integrated solutions for precision farming. Technologies which include faraway sensing, synthetic intelligence, and records analytics are being included with biotech gear to optimize farm management practices, beautify crop tracking, and enhance selection-making methods. This fashion underscores the importance of statistics-driven insights and generation integration in driving performance and sustainability across the rural fee chain.

North America plays an important role in the growth and dominance of the plant biotechnology services market. North America, with its strong biotechnology infrastructure, significant R&D investment and supportive regulatory environment, serves as a key hub for innovation and market expansion. The region’s advanced agricultural practices and industry partnerships have a strong presence in the plant biotechnology services market further strengthens its leadership position.

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