Plant Phenotyping Market to Grow with a CAGR of 8.54% through 2029
Advances in machine learning & artificial
intelligence in agriculture and government initiatives promoting the use of
technology in agriculture is expected to drive the Global Plant Phenotyping
Market growth in the forecast period, 2025-2029.
According to TechSci Research report, “Plant
Phenotyping Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2029”, the Global Plant Phenotyping Market
stood at USD
170.23 Million in 2023 and is anticipated to grow with a CAGR of 8.54% in the forecast
period, 2025-2029. The global plant phenotyping market is driven by several key
factors. The increasing importance of sustainable agriculture in the face of
population growth and climate change is boosting demand for innovative tools
such as plant phenotyping. Advancements in technology, specifically in
high-throughput screening and imaging technologies, have significantly expanded
the capabilities of plant phenotyping, making it an increasingly attractive
option for researchers and breeders. Growing
investments in research and development activities in the agriculture sector
are also propelling the market. The need for improved crop varieties to meet
the changing needs of consumers and the industry is another significant driver
of the plant phenotyping market. The global plant phenotyping market is
witnessing significant growth driven by the increasing importance of
sustainable crop production to meet the ever-growing demands of the global
population. As the need for efficient agricultural practices becomes more
pronounced, there has been a notable surge in the adoption of advanced imaging
technologies that harness the power of AI and machine learning. These
cutting-edge advancements enable precise and comprehensive plant analysis,
leading to improved crop yields and enhanced agricultural productivity.
Consequently, the plant phenotyping market is expected to continue its rapid
expansion in the coming years, playing a pivotal role in addressing the
pressing global food security challenges we face today.
With a growing focus on sustainable agriculture, plant
phenotyping has emerged as a critical discipline that allows researchers and
farmers to explore and understand the intricate details of plant growth and
development. By capturing precise measurements and data on various plant
traits, such as growth rates, leaf structure, and nutrient absorption,
phenotyping technologies empower stakeholders to make informed decisions for
optimizing crop production. This detailed analysis helps identify genetic variations,
environmental influences, and stress responses, ultimately aiding in the
development of resilient and high-yielding crop varieties. Moreover, the
integration of AI and machine learning algorithms in plant phenotyping has
revolutionized the field by automating data analysis and interpretation. By
leveraging vast datasets and complex algorithms, researchers can uncover hidden
patterns and correlations that would be otherwise challenging to detect. This
advanced analytical capability not only expedites the identification of
desirable plant traits but also enhances our understanding of the underlying
genetic and environmental factors that shape crop performance.
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In addition to its direct impact on crop productivity,
the plant phenotyping market plays a crucial role in addressing global food
security challenges. By enabling scientists and breeders to develop crops with
enhanced nutritional profiles, disease resistance, and tolerance to adverse
environmental conditions, phenotyping technologies contribute to a more
sustainable and resilient food system. Furthermore, the insights gained from
phenotyping research can inform the development of precision agriculture techniques
and resource-efficient farming practices, ensuring optimal resource utilization
and minimizing environmental impacts. The global plant phenotyping market is
poised for continued growth as sustainable crop production and food security
take center stage. With advancements in imaging technologies, AI, and machine
learning, plant phenotyping offers a comprehensive and sophisticated approach
to crop analysis and improvement. By harnessing the power of data-driven
insights and precision agriculture, we can pave the way for a more sustainable
and resilient future in agriculture.
The Global Plant Phenotyping Market is segmented into
product, service, regional distribution, and company.
Based on product, the software segment continues to
dominate the Global Plant Phenotyping Market, primarily driven by the growing
demand for efficient data management and analysis in phenotyping. With the
increasing complexity of phenotypic data, advanced software solutions play a
crucial role in enabling researchers to conduct quick and accurate analysis,
leading to the derivation of meaningful insights. Furthermore, the integration
of cutting-edge technologies such as machine learning and artificial intelligence
in these software tools further enhances their capability to predict plant
characteristics and growth patterns. This enhanced predictive capability drives
the widespread adoption of software solutions in the plant phenotyping market,
empowering researchers to uncover deeper insights into plant biology and
accelerate advancements in agriculture.
Based
on region, Europe has been leading the global plant phenotyping market due to a
combination of factors. The region is renowned for its rich ecosystem of
advanced research institutions and universities, which continuously strive to
push the boundaries of plant phenotyping through cutting-edge research and
innovation. Moreover, the robust governmental support in the form of grants and
subsidies for agriculture technology innovation has played a vital role in
fostering significant advancements in this sector. Additionally, Europe's
strong commitment to sustainable agriculture practices, driven by the need for
environmental conservation and resource efficiency, further fuels the demand
for plant phenotyping technologies. These factors collectively contribute to
Europe's dominant position in the global plant phenotyping market, solidifying
its reputation as a key player in shaping the future of agricultural innovation
and sustainability.
Major companies operating in Global Plant
Phenotyping Market are:
- LemnaTec GmbH
- PhenomeX Inc.
- Keygene N.V.
- CropX Ltd.
- Photon Systems, Inc.
- Heinz Walz GmbH
- CropDesign N.V.
- Delta-T Devices Ltd.
- Rothamsted Research Ltd
- Vienna BioCenter Core Facilities
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“The future of the global plant phenotyping market
looks promising as the demand for improved crop varieties grows alongside the
increasing global population. Advanced phenotyping technologies are expected to
play a critical role in accelerating plant breeding and genetic research. These
technologies will enable scientists to understand plant characteristics better,
thereby aiding in the development of resilient and higher-yield crop varieties.
As climate change continues to pose challenges to global food security, the
significance of plant phenotyping in crop improvement programs is anticipated
to rise, driving substantial growth in the market.,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“Plant Phenotyping Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2019-2029 Segmented By Product (Equipment {Site,
Platform, Level of Automation, Analysis system}, Software {Image Analysis, Data
Acquisition, System Control, Other Software}, Sensors {Image Sensors, NDVI
Sensors, Temperature Sensors, Other Sensors}), By Service (Measurement
Acquisition & Data Analysis, Statistical Analysis), By
Region and Competition”, has evaluated the future growth
potential of Global Plant Phenotyping 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 Plant Phenotyping Market.
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