Increasing application in plant breeding propels the Global Plant Genomics Market

Market overview:
The global Plant Genomics Market was at 7.3 billion US dollars and is determined to reach a valuation 11.7 billion US dollars by 2025 at a CAGR of 8.3% during the conjecture period of 2020 - 2025.
Recent developments:
In June 2019, NRGene company from Israel collaborated with BGI for providing technology as a part of its wide range of genomic analysis services in agriculture research.
In January 2019, NRGene collaborated with Toyata for decoding the commercial strawberry genome for the Japanese market.

Market Drivers and Restrains:
Increasing applications of genomics in plant breeding and conservation of genetic resources are some of the factors that drives the growth of global Plant Genomics market revenue rate. Also, strong technological advancements and funding for agricultural development are driving the development rate of Plant Genomics market. New product launches from the major key players in the market is also one of the major growth factors of this plant genomics market.

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Report is segmented as:
The global Plant Genomics market is segmented by type, trait, objective and application.

By type, the market is segmented into molecular engineering, genetic engineering and genome editing.

By trait, the market is segmented into yield improvement, disease resistance, herbicide tolerance and insect resistance, abiotic stress tolerance.

By objective, the market is segmented into DNA extraction and purification, DNA/RNA sequencing, Genotyping, GENE expression profiling, Marker assisted selection, GMO trait, DNA parentage testing, QTL mapping, purity testing, hybrid purity testing, targeted resequencing and genetic disease identification.

By application, the market is divided into cereals & grains, oilseeds & pulses, fruits & vegetables, sugar crops, ornamentals and alfalfa.

Geographical Segmentation:
The global plant genomics market was dominated by Asia Pacific region owing to increasing demand for improved varieties in plants especially in India and China. Asia Pacific is also foreseen to hold the dominance of the market during the forecast period. North America holds the second largest share of the market owing to the increase in infrastructure development in this area.
Impact of COVID-19 on Plant Genomics Market
The coronavirus pandemic has affected the global Plant Genomics market. The virus has forced many companies in the market to halt operations which in turn resulted in huge losses for them. As per the analysis, the Plant Genomics market is expected to register an increase in the market revenue due to the rising need for improved varieties in plants.

Key market players:
Major players of Plant Genomics market include Illumina, Inc. (US), Eurofins Scientific (Luxembourg), NRGene (Israel), and Agilent Technologies (US)
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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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