The global plant phenotyping market is expected to grow with a CAGR of 11.2% from 2023 to 2028

According to a market report by Lucintel, the future of the plant phenotyping market looks promising with opportunities in the laboratory, greenhouse, and field applications. The global plant phenotyping market is expected to reach an estimated $0.36 billion by 2028 with a CAGR of 11.2% from 2023 to 2028. The major drivers for this market are increasing demand for innovative plant breeding methods to boost crop production, rising use of these techniques for identifying disease-free plant breeds and seed-borne diseases, and expanding consumer demand for high-quality nutritious foods.

In this market, equipment, sensor, software, and service are the major segments of plant phenotyping market by product type. Lucintel forecasts that equipment will remain the largest segment over the forecast period due to the increasing usage of plant phenotyping tools such as sensors, cameras, and imaging devices in modern agricultural methods.

Within this market, greenhouse is expected to remain the largest segment due to its rising use among researchers to examine various plants’ response towards particular stressors and it also helps in improving growth conditions for crops within controlled environment.

North America is expected to witness highest growth over the forecast period due to the availability of reliable and advanced farming techniques, supportive governmental initiatives for adoption of agricultural R&D activities, and presence of key players in the region.

LemnaTec, Phenomix Sciences, Keygene, Heinz Walz, Phenospex, Delta-T Devices, and Vaisala Oyj are the major suppliers in the global plant phenotyping market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056 

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