Rising speculations by states in the field of farming to support innovative work exercises of agribusiness-related biotechnology organizations are supposed to drive the growth of the global plant phenotyping market during the gauge time frame. For example, the Austrian government declared speculation of 60 million Euro (USD 71 million) in the central offices of Vienna BioCenter, an exploration-based biotechnology organization, to help with research exercises and framework.
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Market players are occupied with inorganic exercises, for example, acquisitions and consolidations of organizations, as most would consider being normal to drive the growth of the plant phenotyping market. For example, in May 2018, Crystal Crop Protection Limited, an Indian seed organization marked a Letter of Intent (LOI) with Keygene, a European biotechnology organization, to expand their seed business portfolio. Progressed phenotyping advancements given by Keygene would empower Crystal Crop to work on the nature of seeds and screen the growth of stress-safe assortments of seeds.
Global Plant Phenotyping Market – Impact of Coronavirus (COVID – 19) Pandemic
Coronavirus flare-up was first given an account on December 31, 2019, in Wuhan, China. As indicated by the WHO, more than 177 million cases and 3.8 million deaths due to Covid infection (COVID-19) have been accounted for till June 20, 2021, across the globe.
The COVID-19 pandemic has impacted a few markets across the globe and is likewise expected to hamper the demand and supply in the global plant phenotyping market. The COVID-19 pandemic has impacted the demand and supply of plant phenotyping market in three fundamental ways; by straightforwardly influencing the production and demand of horticultural equipment; by making interruptions in appropriation channels of agrarian products; and by its monetary effect on firms and monetary markets. Since plant phenotyping is a generally involved procedure in horticulture, any break in rural exercises is supposed to obstruct the plant phenotyping market. Disturbances in the supply and operations chain and less accessibility of labor because of cross-country lockdown are supposed to hamper the growth of the plant phenotyping market during the pandemic.
Accordingly, the COVID-19 pandemic is supposed to adversely affect the growth of the plant phenotypic market over the conjecture time frame attributable to interruption of farming exercises because of limited development. As indicated by an article distributed by Science Direct in August 2020, little and medium-sized cultivating systems were impacted by the COVID-19 pandemic to a tremendous degree when contrasted with enormous scaled cultivating systems. Confined versatility and cost change brought about tremendous misfortunes caused by the cultivating area.
In addition, the introduction of new products is supposed to drive the plant phenotyping market growth. For example, Keygene, a biotechnology organization, and 22nd Century Group Inc., an agri-biotechnology organization, sent off a high-level phenotypic analysis platform for the advancement of new better assortments of Cannabis that are consolidated with industrially significant traits of expanded CBD levels.
Key Takeaways of the Plant Phenotyping Market:
- The global plant phenotyping market is supposed to show a CAGR of 11.2% over the estimated period (2021-2028). North America is supposed to represent a significant market share over the conjecture time frame (2021-2028), inferable from rising mechanical progression in the farming area. For example, in 2020, Sensaphone, an American observing arrangements organization fostered a dirt dampness sensor, which can be utilized in plant phenotyping to further develop the water system.
- The Asia-Pacific region is supposed to show growth in the plant phenotyping market because of rising market procedures among market players. For example, in 2018, Tierra Seed Science, an Indian agribusiness innovation organization, obtained Branded Cotton Seed Business of Monsanto Holdings Private Ltd. and Xylem Seeds Private Ltd., to expand the possible reach of its business. Such advancements connected with the development of rural firms are supposed to fuel the growth of the plant phenotyping market.
- Key players working in the global plant phenotyping market incorporate Rothamsted Research, CropDesign, Heinz Walz Gmbh, Vienna Biocenter, Photon Systems Instruments, WPS B.V., Qubit Systems, Phenomix, Keygene, Delta-T Devices Ltd., Hiphen, Plant-DiTech, Lemnatec Corporation, WIWAM, Phenospex, and BASF SE.
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The Study Objectives are:
✔ A comprehensive insight into key players operating in the Plant Phenotyping Market and their corresponding data.
✔ It includes product portfolio, annual revenue, expenditure on research and development, geographical presence, key developments in recent years, and growth strategies.
✔ Regional analysis, which includes insight into the dominant market and corresponding market share.
✔ It also includes various socio-economic factors affecting the evolution of the market in the region.
✔ The report offers a comprehensive insight into different individuals from value chains such as raw materials suppliers, distributors, and stockholders.
Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Plant Phenotyping Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Plant Phenotyping Industry Impact
Chapter 2 Global Plant Phenotyping Competition by Types, Applications, and Top Regions and Countries
2.1 Global Plant Phenotyping (Volume and Value) by Type
2.3 Global Plant Phenotyping (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Plant Phenotyping Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Plant Phenotyping Market Analysis
Chapter 6 East Asia Plant Phenotyping Market Analysis
Chapter 7 Europe Plant Phenotyping Market Analysis
Chapter 8 South Asia Plant Phenotyping Market Analysis
Chapter 9 Southeast Asia Plant Phenotyping Market Analysis
Chapter 10 Middle East Plant Phenotyping Market Analysis
Chapter 11 Africa Plant Phenotyping Market Analysis
Chapter 12 Oceania Plant Phenotyping Market Analysis
Chapter 13 South America Plant Phenotyping Market Analysis
Chapter 14 Company Profiles and Key Figures in Plant Phenotyping Business
Chapter 15 Global Plant Phenotyping Market Forecast (2022-2028)
Chapter 16 Conclusions
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