Next Generation Sequencing (NGS) in Agrigenomics Market to Grow with a CAGR of 7.54% through 2028
Integration of big data & AI in agricultural
research and rising demand for improved crop varieties is expected to drive the
Global Next Generation Sequencing (NGS) in Agrigenomics Market growth in the
forecast period, 2024-2028.
According to TechSci Research report, “Next
Generation Sequencing (NGS) in Agrigenomics Market – Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2028”, the
Global Next Generation Sequencing (NGS) in Agrigenomics Market stood at USD 2.47 Billion in 2022 and is
anticipated to grow with a CAGR of 7.54% in the forecast period, 2024-2028. The global Next
Generation Sequencing (NGS) in Agrigenomics market is driven by a number of key
factors. Advancements in NGS technologies and their increased application in
crop science and animal genetics research are among the primary drivers. Also,
the growing need for improved crop varieties, efficient livestock breeds, and
sustainable agricultural practices, and the rising government funding for
agrigenomic research are also fueling the market growth. Furthermore, the declining cost of sequencing,
breakthroughs in genomic research, and expanding GMO crops markets are expected
to drive the future expansion of the NGS in Agrigenomics market.
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The global Next Generation Sequencing (NGS) in
Agrigenomics market is currently witnessing a significant surge in demand,
fueled by the growing imperative for crop improvement and the enhancement of
agricultural productivity. NGS technology, renowned for its exceptional high
throughput and scalability, is increasingly finding application in crop
genomics. This utilization plays a crucial role in comprehensively
understanding plant biology, thereby facilitating the development of high-yield
and disease-resistant crop varieties.
The market growth in agrigenomics is being driven by
remarkable advancements in genomics and bioinformatics. These advancements have
opened up new possibilities for transformative insights and analysis in the
field. Additionally, government initiatives aimed at promoting agricultural
biotechnology have played a significant role in boosting the adoption of
cutting-edge technologies in agrigenomics.
These initiatives include providing research funding
and fostering strategic collaborations to encourage innovation. The ultimate
goal is to accelerate the development of sustainable solutions that can address
global challenges related to food security and agriculture.
Given its pivotal role in addressing these challenges,
the next-generation sequencing (NGS) market in agrigenomics is poised for
continued expansion and offers immense potential. As the demand for efficient
and precise genetic analysis in agriculture continues to grow, NGS technology
is expected to play a vital role in shaping the future of crop improvement and
sustainable agriculture practices. With its ability to provide detailed genetic
information, NGS opens up opportunities for targeted breeding programs, disease
resistance studies, and precision agriculture practices. The combination of
advancements in genomics, bioinformatics, and government initiatives is driving
the growth of the agrigenomics market. NGS technology is at the forefront of
this revolution, offering immense potential for improving crop yields, ensuring
food security, and promoting sustainable agriculture practices.
The Global Next Generation Sequencing (NGS) in
Agrigenomics Market is segmented into product, technique, application, regional
distribution, and company.
Based on technique, DNA/RNA Sequencing is currently
dominating the Global Next Generation Sequencing (NGS) in Agrigenomics Market.
This cutting-edge technique has established its supremacy in the field due to
its enhanced accuracy, reduced costs, and the exponential growth in data it
provides. The unparalleled accuracy of DNA/RNA Sequencing enables researchers
and scientists to unravel complex genetic information with precision, opening
up new opportunities for advancements in agrigenomics. Moreover, the decreasing
costs associated with this technology have made it more accessible, allowing
more research institutions and organizations to leverage its potential. The
exponential growth in data generated by DNA/RNA Sequencing has revolutionized
the field of agrigenomics, providing an invaluable resource for in-depth
research and development. The wealth of genetic information obtained through
this technique paves the way for breakthroughs in crop improvement, disease
resistance, and sustainable agriculture practices. With its remarkable
capabilities, DNA/RNA Sequencing continues to shape the future of agrigenomics,
driving innovation and progress in this vital field of study.
Based on region, North America currently holds a
dominant position in the global Agrigenomics market for Next Generation
Sequencing (NGS) due to several factors. The region boasts a well-established
agricultural sector combined with advanced technological capabilities, which
facilitates the application of NGS in agrigenomics. Moreover, North America has
robust research and development infrastructure and strong government support
for biotechnological advancements. The presence of key market players also contributes
to the region's dominance, fostering innovation and facilitating access to NGS
technologies. Furthermore, North America's emphasis on sustainable farming and
precision agriculture, which leverages NGS, enhances the region's standing in
the global Agrigenomics market.
Major companies operating in Global Next
Generation Sequencing (NGS) in Agrigenomics Market are:
- 10x Genomics, Inc.
- AgriGenome Labs Pvt. Ltd
- Agrigenomics Inc.
- Daicel Arbor Biosciences
- Biogenetic Services Inc.
- Eurofins Scientific SE
- GALSEQ S.r.l.
- Illumina, Inc.
- Genome Life Sciences Private Limited
- NuGen Technologies Inc.
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“The future of the Next Generation Sequencing (NGS) in
the global Agrigenomics market appears quite promising. The technique has
gained immense acceptance due to its ability to provide high throughput
sequencing and detailed genetic analysis of crops and livestock, hence enabling
advancements in breeding techniques and improving the quality and yield of
crops and livestock. As the world's population continues to grow, there's an
increasing demand for sustainable agricultural practices and improved food quality.
NGS technology, with its ability to better understand plant and animal genomes,
will play a crucial role in meeting these requirements. Technological
advancements and the declining cost of sequencing are expected to fuel the
market growth further. The rise of bioinformatics and the integration of
artificial intelligence in genomic research could potentially revolutionize
this market.,” said Mr. Karan Chechi, Research Director with TechSci Research,
a research-based management consulting firm.
“Next Generation Sequencing (NGS) in Agrigenomics
Market - Global Industry Size, Share, Trends, Opportunity, and Forecast,
2018-2028 Segmented By Type (Calcium
Nitrate, NPK, Potassium Nitrate, Potassium Sulphate, Urea Phosphate, Others), By
Composition (Straight and Complex), By Crop (Horticultural, Turf &
Ornamentals, Field Crop), By Application (Fertigation, Foliar Application), By
Region and Competition”, has evaluated the future growth
potential of Global Next Generation Sequencing (NGS) in Agrigenomics Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Next Generation Sequencing (NGS) in
Agrigenomics Market.
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