Plant Phenotyping Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

In genetics, the phenotype is the set of observable characteristics or traits of an organism. Plant phenotyping is the study of an organism's physical and biochemical characteristics. The term phenotype refers to the observable properties of a particular genotype, which are determined by the interaction between genes and the environment. In plants, phenotype includes all visible characteristics such as height, color, shape, size, texture, and resistance to pests or diseases. Plant phenotyping is used to improve the understanding of plant biology and to develop new crop varieties.

The plant phenotyping market is anticipated to reach USD 686.8 million by 2030 from USD 238.9 million in 2021, at a CAGR of 12.8% during the forecast period. Increasing trend of commercial plant breeders and plant-based science research companies opting for plant phenotyping services is expected to boost the plant phenotyping market during the forecast period. There have been collaborations between plant phenotyping companies for the integration of analysis equipment and parameters to recreate an ideal environment for plant phenotyping.

Use of plant phenotyping to address water stress and plant phenotyping system tools such as remote and ground-based sensors enable the implementation of precision irrigation and other agricultural best practices are some of the major factors expected to drive the growth of plant phenotyping market.

Growth Drivers:

According to United Nations (UN), the world population is projected to reach 9.7 billion by 2050, due to rise in population the global demand for food would increase, which is also related to the need for advanced agricultural techniques such as plant phenotyping to produce high yielding crops with improved quality.

Increasing cases of seed-borne diseases lead to food wastage, thus techniques such as plant phenotyping are required to detect diseases early and help in the selection of disease-free plant breed. Disease causing pathogens may be carried through seed distribution and once environmental conditions are favorable for these pathogens, they transmit disease to growing seedling.

Increased number of research and development activities is expected to drive the growth of plant phenotyping market during the forecast period. For instance, in August 2020, Onset, a data logger manufacturer, developed a new HOBOnet Soil Moisture Sensor that uses GroPoint technology to measure the temperature and humidity of soil at varying depths.

The use of new high-yielding plant varieties that are able to adapt to changing climatic conditions and require less use of pesticides can help in mitigating the gab in food supply. Improved crop varieties can be achieved through plant phenotype-and genome-based breeding. Plant phenotyping links genomics with plant physiology and agronomy.

Plant Phenotyping Segmentation:

By Type:

·        Equipment

·        Software

·        Sensors

·        Others

By Application:

·        Greenhouse

·        Laboratory

·        Field

By Region:

·        North America

·        Europe

·        Asia Pacific

·        Latin America

·        Middle East and Africa

Plant Phenotyping Market by Type Review:

On the basis of type, the market for plant phenotyping is categorized into equipment, software, sensors, and others. Among these, equipment segment is anticipated to be the largest over the forecast period and the sensors segment is anticipated to grow at fastest CAGR during forecast period. Plant breeders and researchers are increasingly using imaging equipment to phenotype plants, as this technology has become more accessible and affordable in recent years which is driving the growth of the segment. The use of equipment for plant phenotyping is growing rapidly. Imaging equipment includes digital cameras, spectrophotometers, near-infrared sensors, and laser scanners. This equipment can be used to measure a wide range of plant characteristics, such as leaf area, biomass, and chlorophyll content.

Plant Phenotyping Market by Application Review:

On the basis of application, the market for plant phenotyping is segmented into greenhouse, laboratory, and field. Among these, the greenhouse segment is anticipated to be largest and is further anticipated to grow at fastest CAGR during forecast period. Greenhouse phenotyping involves conducting experiments in controlled environments that simulate natural conditions, providing researchers with precise control over the environmental variables such as temperature, humidity, light intensity, and CO2 concentration.

The primary reason for the growth of the greenhouse segment is the increased demand for high-quality and high-yield crops due to the growing population and decreasing arable land. This has led to a surge in investment in greenhouse technologies to enhance crop production and quality, which has driven the adoption of plant phenotyping technologies in greenhouses.

Regional Outlook:

The plant phenotyping market research report offers detailed analysis and forecasts for five major regions i.e., North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa. The Europe region is projected to hold the largest share, 37.5%, of the global plant phenotyping market in 2022. The market in this region is expected to grow at a rate of 12.8% during the forecast period. This is due to the rising demand in large economies, such as The Netherlands, UK, France and other countries. The industrial organization and technology of plant phenotyping processing are changing rapidly in Europe. Unlike other regions where phenotyping is processed almost entirely by large companies, in Europe, plant phenotyping processing is done by small and medium-sized firms.

Expansion of plant phenotyping market in Europe over forecast period can be credited to huge presence of giant industry participants in countries such as the UK, France, Germany, Denmark, Sweden, Norway, Holland, and Belgium. There is a rising number of research activities taking place across the European countries which are driving awareness and in turn the market for plant phenotyping products and services.

In North America, the United States is the dominant market for plant phenotyping technologies due to its well-developed research infrastructure and significant investments in agricultural research. The country is also home to some of the leading companies in the plant phenotyping industry, such as Phenospex and LemnaTec.

Asia Pacific is also emerging as a key market for plant phenotyping technologies. Countries such as China, India, and Japan have been investing heavily in agricultural research and development, which has led to the growth of the plant phenotyping industry in the region. Additionally, the rising demand for food and the need to improve crop yields has created significant opportunities for plant phenotyping companies in the region.

Top Companies in Plant Phenotyping Market:

The competitive landscape of the plant phenotyping industry is highly fragmented with several companies operating in the market. The industry is driven by innovation, and companies are continuously developing new technologies to improve plant phenotyping accuracy and efficiency. Here are some key factors that shape the competitive landscape of the plant phenotyping industry:

·        Product innovation: Companies are investing heavily in research and development to develop new and innovative products that offer better plant phenotyping solutions. This includes the development of advanced imaging and analysis technologies that can capture more detailed plant data.

·        Strategic partnerships and collaborations: Companies are forming strategic partnerships and collaborations to expand their product offerings and enter new markets. This includes partnerships with academic institutions and research organizations to access new technologies and data.

·        Geographic expansion: Many companies are expanding their geographic footprint by entering new markets and regions. This includes expanding into emerging markets, such as Asia and Africa, where there is high demand for plant phenotyping solutions.

The research report offers a competitive analysis of prominent companies operating in the plant phenotyping market. Some of the leading players profiled in the market research report include:

·        BASF SE

·        Delta-T Devices

·        LemnaTec

·        Phenospex

·        Phenomix

·        CropDesign

·        WPS

·        Seed-X

·        BioVox

·        Heinz Walz

·        Agrela Ecosystems

·        LemnaTec GmbH

·        Phenospex B.V.

·        Phenomix Corp.

·        CropDesign N.V.

·        WPS B.V.

·        Seed-X GmbH

·        BioVox Technologies Ltd.

·        Heinz Walz GmbH

·        Agrela Ecosystems S.L.

·        METER Group, Inc.

·        Keygene N.V.

·        Lemnatec Corporation

·        Phenospex

·        Qubit Phenomics

·        Other Players