Plant Phenotyping Market to Grow with a CAGR of 8.54% through 2029

By | March 15, 2024
Global Plant Phenotyping Market

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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